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Designed to provide broad exposure to the Energy - MLP segment of the U.S. equity market, the InfraCap MLP ETF (AMZA - Free Report) is a passively managed exchange traded fund launched on 10/14/2014.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Energy - MLP is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Infracap Mlp Etf. It has amassed assets over $629.85 M, making it one of the larger ETFs attempting to match the performance of the Energy - MLP segment of the U.S. equity market.
This ETF is active and does not track a benchmark.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 1.36%, making it the most expensive product in the space.
It has a 12-month trailing dividend yield of 24.23%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Energy sector--about 0% of the portfolio. Industrials and Materials round out the top three.
Looking at individual holdings, Andeavor Logistics Lp accounts for about 14.15% of total assets, followed by Mplx Lp (MPLX - Free Report) and Energy Transfer Partners Lp .
The top 10 holdings account for about 81.46% of total assets under management.
Performance and Risk
The ETF has gained about 0.47% so far this year and is down about -3.68% in the last one year (as of 06/05/2018). In that past 52-week period, it has traded between $6.71 and $10.31.
The ETF has a beta of 1.75 and standard deviation of 39.24% for the trailing three-year period, making it a high risk choice in the space. With about 264 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Should You Invest in the InfraCap MLP ETF (AMZA)?
Designed to provide broad exposure to the Energy - MLP segment of the U.S. equity market, the InfraCap MLP ETF (AMZA - Free Report) is a passively managed exchange traded fund launched on 10/14/2014.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Energy - MLP is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 5, placing it in top 31%.
Index Details
The fund is sponsored by Infracap Mlp Etf. It has amassed assets over $629.85 M, making it one of the larger ETFs attempting to match the performance of the Energy - MLP segment of the U.S. equity market.
This ETF is active and does not track a benchmark.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 1.36%, making it the most expensive product in the space.
It has a 12-month trailing dividend yield of 24.23%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Energy sector--about 0% of the portfolio. Industrials and Materials round out the top three.
Looking at individual holdings, Andeavor Logistics Lp accounts for about 14.15% of total assets, followed by Mplx Lp (MPLX - Free Report) and Energy Transfer Partners Lp .
The top 10 holdings account for about 81.46% of total assets under management.
Performance and Risk
The ETF has gained about 0.47% so far this year and is down about -3.68% in the last one year (as of 06/05/2018). In that past 52-week period, it has traded between $6.71 and $10.31.
The ETF has a beta of 1.75 and standard deviation of 39.24% for the trailing three-year period, making it a high risk choice in the space. With about 264 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.