Energy MLPs have provided attractive distribution and dividend growth rates. MLPs offer an average 6.1% distribution rate and witnessed a 6.8% dividend growth over the last 10 years. In contrast, the S&P 500 has a 2.0% distribution rate and dividend growth rate of 5.8% over the past decade.

Additionally, it should be noted that as an ETF product, EMLP investors will only need to fill out one Form 1099 at the end of the year, instead of the multiple K-1s and potential state filings. Moreover, due to the innate arbitrage mechanism that creates and redeem shares, investors will see no or low capital gains distributions.

For more information on new product launches, visit our new ETFs category.

Max Chen contributed to this article.