"MLPA holds stakes in large-cap midstream Master Limited Partnerships that operate pipelines, storage facilities, and processing plants for crude oil and natural gas. These businesses collect volume-based tariffs and fees under multi-year contracts rather than selling commodities at spot prices."
"The fund carries a 0.77% expense ratio and holds 21 positions with $2.10 billion in net assets as of April 20, 2026. Its 30-day SEC yield sits at 7.08%, while the trailing 12-month distribution rate is 7.52%."
"Enterprise Products Partners offers the most conservative profile. Operational distributable cash flow covered 2025 distributions by 1.7×, and the partnership retained $3.2 billion in DCF for reinvestment."
Global X MLP ETF (MLPA) has achieved a 10.9% gain year-to-date through April 2026, with a quarterly distribution of $1.00 per share, the highest in its history. The ETF invests in large-cap midstream Master Limited Partnerships, generating income through volume-based tariffs. It has a 0.77% expense ratio and $2.10 billion in net assets. Energy comprises 96% of its portfolio, making it reliant on the midstream energy sector's health. Key holdings include Enterprise Products Partners and MPLX, both showing strong distribution coverage.
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