ZMLP — Direxion Zacks MLP High Income Index Shares
Data updated: 2020-09-25
ZMLP — Direxion Zacks MLP High Income Index Shares. United States Value Energy Equity · $43.17M AUM. Holdings, fees, performance and SEC filings.
ZMLP Fund Overview
ZMLP — Direxion Zacks MLP High Income Index Shares is a US ETF managed by Direxion Shares ETF Trust, categorised as United States Value Energy Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Direxion Shares ETF Trust
- Category: United States Value Energy Equity
- Assets under management: $43.17M
- 1-year return: -41.1%
- Ticker: ZMLP
- SEC CIK: 0001424958
- SEC series ID: S000042038
- Share class ID: C000130595
ZMLP Investment Objective and Strategy
Direxion Zacks MLP High Income Index Shares describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Direxion Shares ETF Trust.
Investment objective
The Direxion Zacks MLP High Income Index Shares (the Fund) (formerly known as the Direxion Zacks MLP High Income Shares) seeks investment results, before fees and expenses, that track the price and yield performance of the Zacks MLP High Income Index (the Index).
Principal investment strategy
The Fund, under normal circumstances, invests at least 80% of its net assets in the securities that comprise the Index. The Index is comprised of 25 securities selected from a universe of master limited partnerships (MLPs) listed on U.S. exchanges. MLPs are publicly traded partnerships generally engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. As such, the Fund will invest primarily in energy infrastructure MLPs which are engaged in the (i) gathering, transporting, processing, treating, terminalling, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products or coal, (ii) the acquisition, exploitation and development of crude oil, natural gas and natural gas liquids, (iii) processing, treating, and refining of natural gas liquids and crude oil, and (iv) owing, managing and transporting alternative fuels such as ethanol, hydrogen and biodiesel.
The MLPs are selected using a proprietary, quantitative rules-based methodology developed by Zacks Investment Research, Inc. (Zacks or the Index Provider). The constituent selection methodology was developed by Zacks as a quantitative approach to identify those companies that may offer the greatest yield potential. MLPs considered for inclusion in the Index generally, at the time of selection, pay a distribution and are listed on at least one domestic stock exchange. Zacks further narrows the universe by ranking each potential MLP based on a variety of factors including dividend yield, liquidity and relative value. Generally, the Index will not include MLPs that do not regularly pay distributions. The 25 highest ranking MLPs as identified by the Index methodology included in the Index and equally weighted such that MLP makes up approximately 4% of the Index.
The Index is rebalanced at least quarterly, but may be rebalanced more often to ensure timely stock selections. As of December 31, 2017, the Index included 25 MLPs, which had an average total market capitalization of $8 billion and component securities had total market capitalizations ranging from $538.3 million to $57.3 billion. The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries ( i.e. , hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated. Although the Fund intends to fully replicate the Index, at times the Fund may gain exposure to only a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index, including exchange-traded funds (ETFs) and other investment companies.
The Fund seeks to remain fully invested at all times consistent with its investment objective. If the Fund receives a creation unit in cash, the Fund repositions its portfolio in response to assets flowing into or out of the Fund. To the extent the Fund experiences regular purchases or redemptions of its shares, it may reposition its portfolio more frequently. Additionally, the impact of the Indexs movements will affect whether the Funds portfolio needs to be re-positioned. For example, if the Index has added or removed a security, the Funds portfolio may have to be re-positioned to account for this change to the Index. These re-positioning strategies may result in high portfolio turnover.
ZMLP Performance
Total returns for ZMLP (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -41.1% |
ZMLP Risk Information
Risk metrics for ZMLP, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 65.3%
ZMLP Costs and Fees
ZMLP costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.81%
- Portfolio turnover: 120%
- Brokerage commissions: 9.65 bps of average net assets (SEC N-CEN)
ZMLP Cashflows
Over the 12 months to 2020-07, Direxion Zacks MLP High Income Index Shares had net inflows of $38.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $2.54M |
| 2020-06 | $3.10M |
| 2020-05 | $14.41K |
| 2020-04 | $234.19K |
| 2020-03 | $7.90M |
| 2020-02 | $8.39M |
ZMLP Debt Constituents
No individual debt constituents are reported in Direxion Zacks MLP High Income Index Shares's latest SEC N-PORT filing.
ZMLP Prospectus and SEC Filings
Official Direxion Zacks MLP High Income Index Shares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-17
- Prospectus (485BPOS) — filed 2019-03-07
- Prospectus supplement (497) — filed 2019-07-12
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Portfolio holdings (N-PORT) — filed 2020-06-25
- Portfolio holdings (N-PORT) — filed 2020-03-30
- Annual census (N-CEN) — filed 2020-01-14
- Annual census, amended (N-CEN/A) — filed 2019-04-03
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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.