What Is AMLP? Alerian MLP ETF
Last updated July 2026
Short answer
AMLP is Alerian MLP ETF, an ETF that tracks a US energy master limited partnership index at a 1.01% expense ratio. AMLP tracks a US energy master limited partnership index. It charges 1.01%. It yields about 7.76%, enough that income is part of the reason people hold it. It launched in 2010. It is concentrated: the ten largest positions are about 99% of the fund, led by SUN at 13.6%.
AMLP is issued by ALPS and tracks a US energy master limited partnership index. It charges a 1.01% expense ratio, holds approximately $12.2B in assets under management, yields about 7.76%, and launched in 2010.
What is AMLP?
AMLP is Alerian MLP ETF, an ETF that tracks a US energy master limited partnership index at a 1.01% expense ratio. AMLP tracks a US energy master limited partnership index. It charges 1.01%. It yields about 7.76%, enough that income is part of the reason people hold it. It launched in 2010. It is concentrated: the ten largest positions are about 99% of the fund, led by SUN at 13.6%.
AMLP is issued by ALPS and tracks a US energy master limited partnership index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
What does AMLP hold?
AMLP is weighted toward its largest constituents. As of August 2026, the top holdings are:
| Rank | Ticker | Company | % of AMLP | |
|---|---|---|---|---|
| 1 | SUN | Sunoco LP | 13.6% | |
| 2 | ET | Energy Transfer LP | 13.3% | |
| 3 | MPLX | MPLX LP Partnership Units | 13.0% | |
| 4 | WES | Western Midstream Partners LP | 13.0% | |
| 5 | PAA | Plains All American Pipeline LP | 12.9% | |
| 6 | EPD | Enterprise Products Partners LP | 12.8% | |
| 7 | HESM | Hess Midstream LP Class A | 8.9% | |
| 8 | CQP | Cheniere Energy Partners LP | 4.6% | |
| 9 | USAC | USA Compression Partners LP | 4.0% | |
| 10 | GEL | Genesis Energy LP | 2.9% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
How do I invest in AMLP?
There are three common ways to get AMLP exposure. Buy shares (or fractional shares) of AMLP directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so AMLP sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. AMLP trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is AMLP a good buy?
Whether AMLP is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks a US energy master limited partnership index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is AMLP a buy?
The bottom line on AMLP
AMLP gives you a US energy master limited partnership index exposure in one ticker at a 1.01% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on AMLP
Whether AMLP is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is AMLP a buy?
AMLP yields 7.76% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see AMLP dividend: yield and schedule.
New to funds like AMLP? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how AMLP fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in AMLP with AI
Connect the broker you already use and ask Walnut's AI how AMLP fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is AMLP's ticker symbol?
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AMLP, Alerian MLP ETF. Issued by ALPS; tracks a US energy master limited partnership index. Trades during US market hours, available at every major US brokerage.
What is AMLP's expense ratio?
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1.01% as of August 2026.
What are AMLP's top holdings?
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Top holdings as of August 2026: SUN, ET, MPLX, WES, PAA and others. See the full holdings table above.
How can I invest in AMLP through Walnut?
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Walnut isn't a broker. Connect a brokerage and Walnut sits on top to help you build and track thematic portfolios. AMLP can be a constituent alongside individual stocks.
How do I compare AMLP to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. AMLP's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to August 2026; verify current figures against ALPS's fund page or your broker before investing.