- Last Ratings Update:11/30/2014
- Price as of 11/30/2014 :$18.10
- Net Assets:$9,179.1 Million
- Peer Rank:26 of 117
- Investment Rating:C+
We rate Alps Alerian MLP ETF at C+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a greater than above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The Alps Alerian MLP ETF has returned an annual rate of 11.25% since inception. More recently, the fund has generated a total return of 10.39% in the last three years, 8.88% in the last year, and 2.32% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 54% of them. It has also outpaced 55% of its competitors on a one year basis for the period ending 11/30/2014. On a year to date basis, AMLP has returned 8.21%.
Downside risk has been below average. AMLP has a draw down risk of -7.96%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 8.9%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 11/30/2014, the fund was trading at a price of $18.10, which is 5.1% below its 52-week high of $19.08 and 0.2% above its 52-week low of $18.07.
Low expense ratio helps performance. On total assets of $9.18 billion, AMLP maintains a low expense ratio compared to its Sector - Energy/Natural Res peers of just 0.55% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AMLP is an exchange traded fund, it has no front end or back end load.
The Alps Alerian MLP ETF is managed by Michael Akins at ALPS Advisors Inc. This fund is one of 17 ALPS Advisors Inc exchange-traded funds launched since 3/6/1986 that we track.
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