As a historically high-yielding asset class, MLPs are a good source of income in a yield-parched environment. This product is currently yielding almost 5%.
Filing multiple K-1 forms for MLPs during tax season is a headache circumvented by the structure of this fund. Returns will be reported on a single 1099 instead.
MLPs have some diversification benefit, as they are currently only modestly correlated with the market and are not included in major market indexes. Read more