AMZA
InfraCap MLP ETF·NYSE
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Key Stats
Assets Under Management
378.24MUSD
Fund Flows (1Y)
8.71MUSD
Dividend Yield
8.79%
Discount/Premium to NAV
-0.68%
Shares Outstanding
9.60M
Expense Ratio
2.75%
About InfraCap MLP ETF
Issuer
Virtus Investment Advisers, LLC
Brand
InfraCap
Inception Date
Oct 1, 2014
Structure
C-Corporation
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Return of Capital
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Virtus Advisers LLC
Distributor
VP Distributors LLC
AMZA stands out in the MLP space for its active management and monthly distribution frequency since most other MLP ETFs track indices and pay quarterly distributions. The fund's active managers, Infrastructure Capital Advisors, intend to hold a concentrated portfolio of 25-50 MLPs, and expect cash distributions to comprise a significant portion of the fund's total return. In addition, the fund employs leverage, shorting, and options strategies in an effort to enhance income and manage risk. Structured as a C-corporation, AMZA pays corporate taxes on gains, with the upside that its distributions are generally tax-deferred.
Classification
Asset Class
Equity
Category
Sector
Focus
Energy
Niche
MLPs
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Analysis
Sector
Energy
99.82%
Utilities
0.18%
Energy
99.82%
Utilities
0.18%
Asset
Holdings
Symbol
Ratio
MPLX LP
14.37%
Plains All American Pipeline LP
13.83%
Energy Transfer LP
13.06%
Hess Midstream LP
12.54%
Western Midstream Partners LP
12.06%
Enterprise Products Partners LP
11.33%
Symbol
Ratio
Sunoco LP
10.03%
Cheniere Energy Inc
5.89%
KMI
Kinder Morgan
4.38%
TRGP
Targa Resources
4.33%
Top 10 Weight 101.82%
10 Total Holdings
See all holdings
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