It should be noted that as ETNs, these funds are subject to the credit worthiness of the issuing bank, which include JP Morgan (NYSE: JPM), Credit Suisse (NYSE: CS) and UBS (NYSE: UBS), respectively.
ALPS Alerian MLP ETF (NYSEArca: AMLP) tries to reflect the performance of the Alerian MLP Infrastructure Index. The ETF also has an expense ratio of 0.85%. AMLP offers a 6.3% yield and has performed 9.2% year-to-date.
According to a recent Securities and Exchange Commission exemptive relief filing, Exchange Traded Concepts will help money managers Yorkville ETF Advisors market the new Yorkville High Income MLP ETF. The new fund will invest in MLPs engaged in oil exploration and production, natural gas exploration and production; the sale, marketing, extraction and transportation of other resources.
JP Morgan Alerian MLP Index ETN
For more information on master limited partnerships, visit our MLPs category.
Max Chen contributed to this article.