Yorkville High Income MLP ETF (YMLP)
There are plenty of exchange-traded ways to get your master limited partnership fix — 18 different ETFs/ETNs to be exact. However, the Yorkville High Income MLP ETF (YMLP) pays out the most in distributions.
Currently, YMLP has a dividend yield of a whopping 8.92%. That’s pretty high, even by MLP standards.
YMLP does this by tracking the usual boring pipeline and midstream firms, as well as shipping, fertilizer, mining and upstream energy production companies structured as MLPs. The ETF’s index — The Solactive High Income MLP Index — then sorts them by highest dividend yield to create its underlying portfolio.
This multi-faceted approach provides investors with a high dividend yield and exposure to a wide range of sectors using the MLP tax structure. In also helps on the returns side.
Overall, YMLP had a pretty good year in 2013, with shares of the dividend yield rising 16%. Expenses for the dividend ETF are a bit on the high side (0.82%, or $82 for every $10,000 invested) when you consider the tax implications of the fund, as YMLP is structured as a c-corporation.