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A Closer Look At The New Cushing Royalty & Income Fund
I recently took profit on Salient MLP Energy and Income (SMF). I may look to get back in if the market moves lower. That said, the Salient fund is a very unique offering (it can hedge in multiple forms) and I wouldn't go with any other (although I currently own a little bit of an MLP fund that is going through the process of turning into an infrastructure REIT.) In terms of straightforward MLP funds, I think the Salient fund is rather illiquid, but otherwise I think it is really a compelling offering in the category.
Tortise Energy Partners and Kayne Anderson are a couple which offer a trio of MLP-type cef's. There are a few others.
Personally I hold the individual MLP's and trusts myself and pay myself the e.r.. However, I have held one or more of the Kayne Anderson funds when the discount was too much to resist.
They might be a good asset but since there are complications holding them I generally avoid.
They are generally not very good in Mutual fund or ETF formats. Tax inefficient in taxable accounts (or taxed at the investment company level as some mutual funds/ETFs in this asset class do) and there are even problems holding them in tax advantaged (retirement) accounts as you might be subject to taxes even if they are held in taxable accounts if there is substantial income.
Comments
Personally I hold the individual MLP's and trusts myself and pay myself the e.r.. However, I have held one or more of the Kayne Anderson funds when the discount was too much to resist.
Regards,
Ted
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They are generally not very good in Mutual fund or ETF formats. Tax inefficient in taxable accounts (or taxed at the investment company level as some mutual funds/ETFs in this asset class do) and there are even problems holding them in tax advantaged (retirement) accounts as you might be subject to taxes even if they are held in taxable accounts if there is substantial income.