What is a Master Limited Partnership (MLP)?

What are MLPs? Master Limited Partnerships (MLPs) are publicly listed limited partnerships that trade on a national securities exchange. Most MLPs have general partners and many limited partners (the investors).

How do I invest in Master Limited Partnerships (MLPs)?

Your approach to investing in Master Limited Partnerships d epends on what type of investor you are. At Schwab, we provide the help you need to build a strong portfolio, whichever way you prefer to invest. You can buy and sell MLPs on your own with a Schwab One ® brokerage account or access MLPs through one of Schwab's managed portfolio solutions.

How much are MLPs worth?

MLPs make up a small part of the overall stock market. While the U.S. stock market's value changes daily, it was worth about $34 trillion in early 2018, which at the time was 43% of the global market. The entire MLP market, on the other hand, accounted for 1.4% of that total, and was worth roughly $460 billion at that time.