SCHEDULE: ALPS Advisors and Alerian MLP ETF Disclose 16.02% Passive Stake in Global Partners LP

ALPS Advisors, Inc. and Alerian MLP ETF have jointly disclosed a passive beneficial ownership of 16.02% in Global Partners LP, totaling 5,446,063 common units.

Summary

• ALPS Advisors, Inc. and Alerian MLP ETF are the reporting persons for this Schedule 13G filing.
• The filing reports beneficial ownership of 5,446,063 common units representing limited partner interests in Global Partners LP.
• This ownership stake represents 16.02% of the class of securities.
• Both reporting persons hold shared voting power and shared dispositive power over all 5,446,063 units.
• ALPS Advisors, Inc. acts as an investment adviser to investment companies, including Alerian MLP ETF, and disclaims beneficial ownership of the securities held by the Funds.
• Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940 and is the direct beneficial owner of the reported units.

Sentiment

Score: 5

Explanation: Neutral, as the document is a factual disclosure of beneficial ownership and does not contain performance metrics, strategic updates, or forward-looking statements that would indicate positive or negative sentiment.

Positives

• The filing provides transparency regarding significant passive ownership in Global Partners LP.
• The substantial stake held by Alerian MLP ETF indicates its inclusion in a major MLP-focused exchange-traded fund, potentially offering liquidity and visibility.

Negatives

• The document does not contain any negative financial or operational information about Global Partners LP, as it is solely a beneficial ownership disclosure.

Risks

• The document does not explicitly mention specific risks related to Global Partners LP's operations or financial health, as its purpose is to disclose beneficial ownership.

Future Outlook

The document is a beneficial ownership report and does not provide any forward-looking statements or guidance regarding Global Partners LP's future performance or strategic outlook.

Management Comments

• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

This filing reflects a passive investment by an exchange-traded fund specializing in Master Limited Partnerships (MLPs), which are common in the energy infrastructure sector. Such investments are typical for ETFs aiming to track specific industry indices or provide exposure to the MLP asset class, known for their distributions and tax advantages.

Comparison to Industry Standards

• Not applicable as this document is a beneficial ownership report, not a performance or operational update. It discloses a passive investment by an ETF, which is standard practice for index-tracking or sector-specific funds.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake by a major investment fund, which can influence market perception and liquidity.

Next Steps

• Global Partners LP will continue its operations as a publicly traded Master Limited Partnership.
• ALPS Advisors, Inc. and Alerian MLP ETF will continue to hold and manage their investment in Global Partners LP in the ordinary course of business, subject to their investment mandates.

Key Dates

Keywords

Global Partners LP, MLP, Master Limited Partnership, ALPS Advisors, Alerian MLP ETF, Schedule 13G, Beneficial Ownership, Common Units, Investment Adviser, ETF, Energy Infrastructure