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This is an actively managed fund invested primarily in the U.S. midstream energy infrastructure sector. It strives to generate total return through capital appreciation, a high level of current income, and steady growth in the income stream. The Fund invests in equity securities of publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs") as well as related general partners. Weightings are based on estimated total return and company fundamentals instead of market capitalization. The beneficial tax features of the Fund include 1099 tax reporting (no K-1s), qualified dividend potential, and quarterly income distributions. The Fund's structure has the potential for the delivery of tax deferred income. The Fund employs modest leverage (typically 20-30%) to enhance MLP beta, and options strategies are used in an effort to enhance current income and manage risk.
$33.74 +0.06 (0.18%)
As of 02/03/2023 14:35:42 EST IEX book CBOE book
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