Brazil

MLPA

MLP ETF

Invest in MLPA

Overview Prices & Performance Holdings & Characteristics Documents

Reasons to Consider MLPA

High Income Potential

MLPs typically pay high yields to investors because they do not pay corporate income taxes.

Low Expense Ratio

MLPA’s expense ratio is more than 15% below the competitor average.¹

Midstream Exposure

MLPA invests in midstream pipelines and storage facilities that have less sensitivity to energy prices.

¹Expense ratio was 15.6% lower than the competitor average net expense ratio as of 10/1/25, per ETF.com (category: “Equity: U.S. MLPs”)

Key Information As of 10/27/25

Inception Date	04/18/12
Total Expense Ratio	0.45%
Net Assets	$1.81 billion
NAV	$48.29

ETF Summary

The Global X MLP ETF (MLPA) invests in some of the largest, most liquid midstream Master Limited Partnerships (MLPs).

ETF Objective

The Global X MLP ETF (MLPA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Infrastructure Index.

Trading Details As of 10/27/25

Ticker	MLPA
B3 Trading Code	BLPA39
Bloomberg Index Ticker	MLPAMIDG
CUSIP	37954Y343
ISIN	US37954Y3430
Primary Exchange	NYSE Arca
Shares Outstanding	37,478,637
Number of Holdings	22
30-Day Median Bid-Ask Spread	0.08%

Distributions As of 10/27/25

Distribution Frequency

Quarterly

Taxes As of 10/27/25

Net Deferred Tax Asset/(Liability)	$22
The ETF will accrue a Valuation Allowance equal to the inverse of any net deferred tax asset, resulting in an adjusted net deferred tax asset of $0. The fund will not accrue a Valuation Allowance if it holds a net deferred tax liability.

ETF Prices As of 10/27/25

NAV	$48.29	Daily Change	$0.12	0.25%
Market Price	$48.39	Daily Change	$0.35	0.73%

Cumulative Returns (as of 09/30/25)	1 Month	6 Months	YTD	12 Months	24 Months	Since Inception	Inception Date
Return MLPA	-3.21%	-5.47%	4.13%	9.12%	26.32%	54.85%	04/18/12

Returns (as of 10/27/25)	Return MLPA	Return Index
Since Inception	54.14%	97.90%
12 Months	9.26%	11.61%
24 Months	26.25%	33.65%
Last 60 Trading Days	-2.94%	-3.49%
Last 75 Trading Days	-1.88%	-2.20%

Monthly Returns (through 10/27/25)	Return MLPA	Return Index
Oct 2025	-0.44%	-0.54%
Sep 2025	-3.20%	-3.80%
Aug 2025	-0.62%	-0.76%
Jul 2025	2.36%	2.91%
Jun 2025	1.91%	2.36%
May 2025	1.55%	1.91%
Apr 2025	-7.24%	-8.60%
Mar 2025	-0.09%	-0.07%
Feb 2025	2.80%	3.40%
Jan 2025	7.24%	8.72%
Dec 2024	-6.33%	-7.52%
Nov 2024	12.53%	15.30%
Oct 2024	-0.87%	-1.02%
Sep 2024	-0.32%	-0.35%
Aug 2024	1.44%	1.77%
Jul 2024	0.28%	0.39%
Jun 2024	3.78%	4.62%
May 2024	-0.43%	-0.47%
Apr 2024	-1.08%	-1.30%
Mar 2024	3.70%	4.54%
Feb 2024	2.73%	3.34%
Jan 2024	3.51%	4.36%
Dec 2023	-3.59%	-4.34%
Nov 2023	5.78%	7.20%
Oct 2023	-0.39%	-0.47%

Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

NAV & Index Chart

Net Assets (%)	Ticker	Name	Country	SEDOL	Market Price ($)	Shares Held	Market Value ($)
11.03	WES	WESTERN MIDSTREA	United States	BJ552C8	38.65	5,165,138	199,632,583.70
9.53	PAA	PLAINS ALL AMER	United States	2311960	16.91	10,196,706	172,426,298.46
4.98	USAC	USA COMPRESSION	United States	B83VQY1	22.41	4,024,000	90,177,840.00
4.47	GEL	GENESIS ENERGY L.P.	United States	2372257	15.62	5,181,861	80,940,668.82
4.32	GLP	GLOBAL PARTNERS LP	United States	B0H9BJ5	45.61	1,713,314	78,144,251.54
0.00	OKE	ONEOK INC	United States	2130109	69.29	100	6,929.00
0.00	SMC	SUMMIT MIDSTREAM CORP	United States	BNM9H26	21.65	100	2,165.00
0.00	CAPL	CROSSAMERICA PARTNERS LP	United States	BRGMGR7	21.12	100	2,112.00
14.28	ET	ENERGY TRANSFER LP	United States	B0WHXD2	16.91	15,277,726	258,346,346.66
13.68	EPD	ENTERPRISE PRODU	United States	2285388	31.17	7,944,876	247,641,784.92
12.71	MPLX	MPLX LP	United States	B847R56	50.82	4,526,006	230,011,624.92
9.51	SUN	SUNOCO LP	United States	BRTR130	54.05	3,184,779	172,137,304.95
7.88	HESM	HESS MIDSTREAM-A	United States	BKPK695	33.72	4,230,862	142,664,666.64
6.88	CQP	CHENIERE ENERGY	United States	B1VNH36	53.44	2,328,827	124,452,514.88
0.00	SGU	STAR GROUP LP	United States	2766399	11.87	100	1,187.00
0.00	NGL	NGL ENERGY PARTNERS LP	United States	B45GFM7	6.35	100	635.00
0.00	MMLP	MARTIN MIDSTREAM	United States	2057424	2.63	100	263.00
0.00	USDP	USD PARTNERS LP	United States	BRD6NY8	0.01	100	0.69
-5.74		OTHER PAYABLE & RECEIVABLES	United States		1.00	-103,796,347	-103,796,346.66
3.73	SPH	SUBURBAN PROPANE	United States	2144070	18.89	3,572,893	67,491,948.77
2.70	DKL	DELEK LOGISTICS	United States	B927XT1	45.39	1,078,351	48,946,351.89
0.03		CASH	United States		1.00	469,874	469,874.11

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 10/27/25

Return on Equity	18.20%
Weighted Avg. Market Cap	26,575 M
	2024	2025
Price-to-earnings	12.07	14.19
Price-to-book value	2.58	2.57

Source: AltaVista Research, LLC

ETF Risk Stats As of 09/30/25

Versus	Beta
S&P 500	0.57
MSCI EAFE	0.39
MSCI Emg. Mkts	0.11
Standard Deviation	14.20%

Source: AltaVista Research, LLC

ETF Documents

Latest Premium / Discount As of 10/27/25

NAV	$48.29
Market Price	$48.39
Premium / (Discount)	$0.10

Current View 2025 Q4 As of 10/27/25

percent

Days at Premium	14
Days at NAV	0
Days at Discount	5
Greatest Premium	0,30%
Greatest Discount	-0,27%

Daily Premium / Discount History As of 10/27/25

Hover over the chart points for details

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.