AMLP Fees and Costs — Alerian MLP ETF
Data updated: 2026-07-29
The net expense ratio is 1.01%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.2M in broker commissions, 0.0116% of average net assets, and portfolio turnover was 14%.
AMLP Fees and Expenses
Annual operating expenses and sales charges of AMLP. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AMLP Costs Over Time
On $10,000 invested in AMLP, assuming 5% a year before costs, total costs come to $639 over 5 years, cutting the return by 1.07% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $639 |
| Value after costs | $10,393 | $11,225 | $12,124 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
AMLP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0116%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
AMLP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $1.0M | 85.21% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $95K | 7.85% |
| MISCHLER FINANCIAL GROUP, INC. | $58K | 4.80% |
| GOLDMAN SACHS & CO. LLC | $13K | 1.07% |
| JONESTRADING | $6K | 0.46% |
| MIZUHO SECURITIES USA LLC | $3K | 0.26% |
| Old Mission Markets LLC | $2K | 0.13% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $1K | 0.11% |
| VIRTU AMERICAS LLC | $1K | 0.11% |
AMLP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $918.4M | 42.97% |
| GOLDMAN SACHS & CO. LLC | $542.9M | 25.40% |
| JANE STREET CAPITAL, LLC | $373.4M | 17.47% |
| WOLVERINE SECURITIES, LLC | $194.5M | 9.10% |
| MORGAN STANLEY | $68.1M | 3.19% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $28.1M | 1.31% |
| BNP PARIBAS | $12.1M | 0.56% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.