This ETN looks to track the Cushing MLP High Income index which seeks to track the performance of 30 energy and shipping MLPs with an emphasis on current income. The securities are chosen for inclusion according to a three-tier proprietary weighting system developed by Cushing MLP Asset Management. MLPs have seen huge inflows as of late as investors search for new ways to obtain current income in this low yield environment. Since MLPs have to pay out most of their income as dividends in order to maintain certain tax advantages, these securities have fallen into favor with many investors. Furthermore, since these assets tend to produce income no matter what the price of their underlying commodities have been doing, they are sought by many, even those that are bearish on commodity investing. Additionally, it should be noted that since this is an ETN the fund has no tracking error but it does get some credit risk from the underlying issuer-- Morgan Stanley. However, for investors seeking securities in the space that pay out yields above and beyond other MLPs this fund could be a quality choice. Its expenses are in line with other products in the category and its yield is close to 80 basis points higher than some of the more popular funds in the space.
The adjacent table gives investors an individual Realtime Rating for MLPY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the MLPs with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 5 other ETFs in the MLPs ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of MLPY relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.