ALPS | Alerian Energy Infrastructure Portfolio
Data updated: 2026-08-24
C000125262 — ALPS | Alerian Energy Infrastructure Portfolio. United States Mid Cap Blend / Core Energy Equity. Holdings, fees, performance and SEC filings.
C000125262 Fund Overview
ALPS | Alerian Energy Infrastructure Portfolio is a US mutual fund managed by ALPS Variable Investment Trust, categorised as United States Mid Cap Blend / Core Energy Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: ALPS Variable Investment Trust
- Category: United States Mid Cap Blend / Core Energy Equity
- Assets under management: $146.37M
- 1-year return: 22.8%
- SEC CIK: 0001382990
- SEC series ID: S000040336
- Share class ID: C000125262
C000125262 Investment Objective and Strategy
ALPS | Alerian Energy Infrastructure Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ALPS Variable Investment Trust.
Investment objective
"The Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Energy Infrastructure Index (the ""Index"")."
Principal investment strategy
"The Portfolio employs a ""passive management"" or indexing investment approach designed to track the performance of the Index. Developed by Alerian, the Index is intended to give investors a means of tracking the overall performance of North American energy infrastructure companies. The Index is a composite of North American energy infrastructure companies. Each constituent is assigned to one of four categories: (i) U.S. Energy Infrastructure MLPs, (ii) U.S. General Partners, (iii) U.S. Energy Infrastructure Companies, and (iv) Canadian Energy Infrastructure Companies. The Portfolio will normally invest at least 90% of its net assets in securities that comprise the Index (or depositary receipts based on such securities). Under normal conditions, the Portfolio generally will invest in all of the securities that comprise the Index in proportion to their weightings in the Index; however, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in those weightings.
In those circumstances, the Portfolio may purchase a sample of the securities in the Index or utilize various combinations of other available investment techniques in seeking performance which corresponds to the performance of the Index. Pursuant to Section 851(b)(3) of the Internal Revenue Code of 1986, as amended (the ""Code""), the Portfolio may invest no more than 25% of the value of its total assets in the securities of one or more qualified publicly traded partnerships, which include MLPs. Unlike direct investments in MLPs, income and losses from the Alerian Portfolio's investments in MLPs will not directly flow through to the personal tax returns of shareholders. The Alerian Portfolio will report distributions from its investments, including MLPs, made to shareholders annually on Form 1099.
Shareholders will not, solely by virtue of their status as Alerian Portfolio shareholders, be treated as engaged in the business conducted by underlying MLPs for federal or state income tax purposes or for purposes of the tax on unrelated business income of tax-exempt organizations. U.S. Energy Infrastructure Master Limited Partnerships (MLPs) MLPs are publicly traded partnerships engaged in, among other things, the transportation, storage and processing of minerals and natural resources, and are treated as partnerships for U.S. federal income tax purposes. By confining their operations to these specific activities, MLP interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level income taxation. To qualify as an MLP and not be taxed as a corporation for income tax purposes, a partnership must, for any taxable year, receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Code.
U.S. energy infrastructure MLPs have principal executive offices located in the U.S. and treated as a partnership for U.S. federal income tax purposes. In addition, they earn the majority of pro forma cash flow from qualifying midstream activities involving energy commodities. They must (i) own the general partner of a U.S. publicly traded partnership and/or (ii) be in the top 70% of U.S. energy publicly traded partnerships, ranked by market capitalization. U.S. General Partners MLPs generally have two classes of owners, the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units.
Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership's operations and management. U.S. General Partners must own the general partner of a US publicly traded partnership that earns the majority of its cash flow from qualifying midstream activities involving energy commodities. In addition, they must have principal executive offices in the United States, treated as a corporation for U.S. federal income tax purposes, and earn the majority of their cash flow from the retail distribution of electricity and/or natural gas, or from qualifying midstream activities involving energy commodities. U.S. Energy Infrastructure Companies U.S. energy infrastructure companies must earn the majority of its cash flow from qualifying midstream activities involving energy commodities and may not own the general partner of a US publicly traded partnership.
In addition, they must have principal executive offices in the United States and treated as a corporation for U.S. federal income tax purposes. Canadian Energy Infrastructure Companies Canadian energy infrastructure companies earn the majority of cash flow from qualifying midstream activities involving energy commodities. In addition, they have principal executive offices located in Canada."
C000125262 Holdings
Top 10 holdings of ALPS | Alerian Energy Infrastructure Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Enbridge Inc | 8.27% |
| Energy Transfer Lp | 7.83% |
| Enterprise Products Partners Lp | 7.06% |
| Williams Cos Inc/the | 6.33% |
| Dt Midstream Inc | 5.28% |
| Kinder Morgan Inc | 5.14% |
| Mplx Lp | 5.03% |
| Targa Resources Corp | 5.02% |
| Cheniere Energy Inc | 5.02% |
| Plains Gp Holdings Lp | 5.02% |
C000125262 Portfolio Allocation
Asset-class allocation of ALPS | Alerian Energy Infrastructure Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000125262 Performance
Total returns for C000125262 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 23.4% |
| 1 year | 22.8% |
| 3 years (annualised) | 25.7% |
| 5 years (annualised) | 19.1% |
C000125262 Risk Information
Risk metrics for C000125262, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.5%
C000125262 Costs and Fees
C000125262 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 30%
- Brokerage commissions: 1.59 bps of average net assets (SEC N-CEN)
C000125262 Cashflows
Over the 12 months to 2026-06, ALPS | Alerian Energy Infrastructure Portfolio had net inflows of $10.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$414.11K |
| 2026-05 | $1.32M |
| 2026-04 | −$10.78M |
| 2026-03 | $1.61M |
| 2026-02 | $148.72K |
| 2026-01 | −$667.32K |
C000125262 Debt Constituents
No individual debt constituents are reported in ALPS | Alerian Energy Infrastructure Portfolio's latest SEC N-PORT filing.
C000125262 Prospectus and SEC Filings
Official ALPS | Alerian Energy Infrastructure Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-31
- Prospectus (485BPOS) — filed 2025-03-31
- Prospectus (485BPOS) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other United States Mid Cap Blend / Core Energy Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.