Energy

An energy pioneer

Alerian created the first real-time index for Master Limited Partnerships (MLPs) in 2006. The suite has evolved to include several widely used energy infrastructure benchmarks as well as other subsectors and themes within the broader energy universe.

Why energy infrastructure indexes?

Attractive yields

Energy infrastructure MLPs and corporations typically offer compelling yields above those provided by other income investments like bonds, utilities, and REITs.

Strong free cash flow generation

Most constituents generate free cash flow, returning it to shareholders through dividends and buybacks. Fee-based businesses drive stable and predictable cash flows.

Real asset exposure

Exposure to long-lived real assets that generate inflation-protected cash flows.

Diversification

Energy infrastructure typically exhibits low correlations to other income-oriented investments such as utilities and bonds, while providing yields that are not dependent on interest rate levels. Broad market indexes do not include MLPs.

Index highlight

In 2006, Alerian Capital Management, then a dedicated MLP asset manager, launched the Alerian MLP Index (AMZ) to provide the first reliable benchmark for Master Limited Partnerships (MLPs). This led to the launch of the JP Morgan Alerian MLP Index ETN (AMJ) in 2009, the first passively-managed MLP exchange-traded product. Today, AMZ stands as the leading benchmark for energy infrastructure MLPs.

In 2010, Alerian spun off its asset management business to focus solely on energy infrastructure indexing and education. Later that year, ALPS launched the Alerian MLP ETF (AMLP), the first and largest MLP ETF, recognized for its liquidity and scale.

While VettaFi's Alerian index suite has evolved, our commitment to delivering transparent, reliable benchmarks and educating investors remains unwavering.

Featured indexes

Equity

AMZ

Alerian MLP Index

The Alerian MLP Index is the leading gauge of energy infrastructure Master Limited Partnerships (MLPs). The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMZ) and on a total-return basis (AMZX).

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Equity

AMZI

Alerian MLP Infrastructure Index

The Alerian MLP Infrastructure Index is a composite of energy infrastructure Master Limited Partnerships (MLPs). The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMZI) and on a total-return basis (AMZIX).

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Equity

ALNGX

Alerian Liquefied Natural Gas Index

The Alerian Liquefied Natural Gas Index (ALNGX) is an index of stocks that are materially engaged in the Liquefied Natural Gas Industry. Included in the Index are companies engaged in liquefied natural gas liquefaction, carrier services and regasification. Constituents are weighted by a revenue adjusted float market cap.

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Latest research

RESEARCH

The case for investing in energy infrastructure MLPs

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ARTICLE

Total Midstream/MLPs Repurchases Top $1 Billion in 2Q24

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Article

2Q24 Midstream dividend recap: MLPs drive growth

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Featured index experts

Our VettaFi Voices create an investment choir like no other. Constantly engaging the community and covering everything from current headlines and trends to regulation, technology, and the future of finance.

Brian Coco

Head of Index Products

Roxanna Islam, CFA, CAIA

Associate Director, Research

Stacey Morris, CFA

Head of Energy Research

Todd Rosenbluth

Head of Research