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.

Midstream Exposure

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

Low Expense Ratio

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

¹Expense ratio was 15.6% lower than the competitor average net expense ratio as of 10/1/24, per ETF.com (category: “Equity: U.S. MLPs”)

Key Information As of 11/20/24

Inception Date	04/18/12
Total Expense Ratio	0.45%
Net Assets	$1.65 billion
NAV	$49.50

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 11/20/24

Ticker	MLPA
B3 Trading Code	BLPA39
Bloomberg Index Ticker	MLPAMIDG
CUSIP	37954Y343
ISIN	US37954Y3430
Primary Exchange	NYSE Arca
Shares Outstanding	33,348,637
Number of Holdings	22
30-Day Median Bid-Ask Spread	0.08%

Distributions As of 11/20/24

Distribution Frequency

Quarterly

Taxes As of 11/20/24

Net Deferred Tax Asset/(Liability)	$1
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 11/20/24

NAV	$49.50	Daily Change	-$0.04	-0.08%
Market Price	$49.62	Daily Change	$0.08	0.16%

Cumulative Returns (as of 10/31/24)	1 Month	6 Months	YTD	12 Months	24 Months	Since Inception	Inception Date
Return MLPA	-0.86%	3.47%	13.15%	15.42%	26.20%	40.68%	04/18/12

Returns (as of 11/19/24)	Return MLPA	Return Index
Since Inception	49.58%	90.32%
12 Months	15.96%	20.17%
24 Months	34.19%	44.97%
Last 60 Trading Days	5.71%	7.06%
Last 75 Trading Days	10.36%	12.86%

Monthly Returns (through 11/19/24)	Return MLPA	Return Index
Nov 2024	6.33%	7.74%
Oct 2024	-0.86%	-1.02%
Sep 2024	-0.32%	-0.35%
Aug 2024	0.57%	0.73%
Jul 2024	0.28%	0.39%
Jun 2024	3.78%	4.62%
May 2024	0.05%	0.13%
Apr 2024	-1.08%	-1.30%
Mar 2024	3.70%	4.54%
Feb 2024	2.96%	3.63%
Jan 2024	3.51%	4.36%
Dec 2023	-3.59%	-4.34%
Nov 2023	5.78%	7.20%
Oct 2023	-0.39%	-0.47%
Sep 2023	1.86%	2.37%
Aug 2023	0.09%	0.31%
Jul 2023	3.89%	4.94%
Jun 2023	3.19%	4.04%
May 2023	0.35%	0.46%
Apr 2023	1.24%	1.66%
Mar 2023	-0.83%	-1.01%
Feb 2023	-1.13%	-1.40%
Jan 2023	4.98%	6.43%
Dec 2022	-3.90%	-4.93%
Nov 2022	0.09%	0.01%

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 ($)	Shares Held	Market Value ($)
14.75	ET	ENERGY TRANSFER LP	United States	B0WHXD2	18.28	13,321,369	243,514,625.32
13.40	EPD	ENTERPRISE PRODU	United States	2285388	31.79	6,961,279	221,299,059.41
12.16	MPLX	MPLX LP	United States	B847R56	47.58	4,218,066	200,695,580.28
9.93	WES	WESTERN MIDSTREA	United States	BJ552C8	37.44	4,379,426	163,965,709.44
9.51	PAA	PLAINS ALL AMER	United States	2311960	17.56	8,944,377	157,063,260.12
8.50	ENLC	ENLINK MIDSTREAM LLC	United States	BJTNDQ9	15.46	9,083,215	140,426,503.90
8.34	SUN	SUNOCO LP	United States	BRTR130	53.43	2,575,965	137,633,809.95
8.28	HESM	HESS MIDSTREAM-A	United States	BKPK695	36.07	3,791,259	136,750,712.13
5.84	CQP	CHENIERE ENERGY	United States	B1VNH36	53.30	1,810,461	96,497,571.30
4.24	USAC	USA COMPRESSION	United States	B83VQY1	23.61	2,964,425	69,990,074.25
4.08	GLP	GLOBAL PARTNERS LP	United States	B0H9BJ5	50.56	1,332,859	67,389,351.04
3.01	GEL	GENESIS ENERGY L.P.	United States	2372257	11.56	4,303,828	49,752,251.68
2.96	SPH	SUBURBAN PROPANE	United States	2144070	17.83	2,745,485	48,951,997.55
1.78	DKL	DELEK LOGISTICS	United States	B927XT1	39.63	741,679	29,392,738.77
0.04		CASH	United States		1.00	652,857	652,856.88
0.00	SMC	SUMMIT MIDSTREAM CORP	United States	BNM9H26	36.00	100	3,600.00
0.00	CAPL	CROSSAMERICA PARTNERS LP	United States	BRGMGR7	19.94	100	1,994.00
0.00	SGU	STAR GROUP LP	United States	2766399	12.31	100	1,231.00
0.00	NGL	NGL ENERGY PARTNERS LP	United States	B45GFM7	4.50	100	450.00
0.00	MMLP	MARTIN MIDSTREAM	United States	2057424	4.00	100	400.00
0.00	USDP	USD PARTNERS LP	United States	BRD6NY8	0.07	100	6.96
-6.84		OTHER PAYABLE & RECEIVABLES	United States		1.00	-112,879,741	-112,879,741.31

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

ETF Characteristics As of 11/19/24

Return on Equity	23.70%
Weighted Avg. Market Cap	25,479 M
	2023	2024
Price-to-earnings	13.49	12.71
Price-to-book value	3.06	2.96

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus	Beta
S&P 500	0.53
MSCI EAFE	0.46
MSCI Emg. Mkts	0.26
Standard Deviation	17.60%

Source: AltaVista Research, LLC

ETF Documents

Latest Premium / Discount As of 11/20/24

NAV	$49.50
Market Price	$49.62
Premium / (Discount)	$0.12

Current View 2024 Q4 As of 11/20/24

Days at Premium	29
Days at NAV	0
Days at Discount	8
Greatest Premium	0.69%
Greatest Discount	-0.76%

Daily Premium / Discount History As of 11/20/24

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

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.