Direxion Zacks MLP High Income Index Shares
ZMLP
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- United States of America
- IPO Date
- Jan 23, 2014
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Zacks MLP High Income Index Shares (ZMLP) is an exchange-traded fund that seeks to track the performance of the Zacks MLP High Income Index, providing investors with targeted exposure to high-income master limited partnerships (MLPs) in the energy infrastructure sector. The fund invests primarily in publicly traded MLPs focused on energy transportation, storage, and processing, including those involved in oil and gas pipelines, natural gas gathering and processing, crude oil transportation, refined product transportation, and energy equipment and services; it employs a full replication strategy to hold approximately 26 securities, with top holdings representing mid-cap, small-cap, and large-cap MLPs primarily in the United States (82%) and developed markets ex-US (18%). Managed by Rafferty Asset Management, LLC as advisor and issued through Direxion Shares ETF Trust, ZMLP features a net expense ratio of 0.65%, assets under management of approximately $36.87 million, and a high dividend yield exceeding 14%, targeting income-oriented investors in the energy MLP segment. Launched on January 23, 2014, the fund operates from Direxion's headquarters in Stamford, Connecticut, with additional offices supporting its global ETF platform that manages over $50 billion in assets as of mid-2025. Geographically, ZMLP's portfolio emphasizes North American energy infrastructure, aligning with developed markets exposure. No major strategic changes, such as partnerships, acquisitions, funding rounds, or product relaunches, have been reported for ZMLP in the last 1-2 years; the fund continues its core mandate amid broader MLP sector consolidation trends driven by parent company buy-ins and macroeconomic shifts in interest rates and commodities.