Yorkville ETF Advisors, a leader in MLP investment products, has filed with the SEC to expand its innovative and rules-based series of exchanged-traded funds built out of the firm’s extensive research and asset management experience with master limited partnership (MLPs) investments.
The filings include the Yorkville High Income Composite MLP ETF and the Yorkville High Income Infrastructure MLP ETF. The Indexes are comprised of MLPs that meet certain criteria relating to current yield, coverage ratio and distribution growth.
“These filings come on the heels of the successful Yorkville High Income MLP ETF (YMLP) launch, which is the first and only ETF to deliver exposure to high income, commodity-based MLPs. Since its launch, YMLP has become the third-most successful ETF launch in 2012 in terms of average daily volume,”* asserts Darren Schuringa, CFA, Managing Partner at Yorkville ETF Advisors.
Yorkville’s broad MLP research and asset management experience continues to be the foundation for its commitment to deliver high quality income MLP products compared to other alternatives in the MLP ETF marketplace.
Yorkville High Income Composite MLP ETF will track the Solactive High Income Composite MLP Index, a composite representing every MLP sector.
The Yorkville High Income Infrastructure MLP ETF will track the Solactive High Income Infrastructure MLP Index, a well-diversified, rules-based index focused on the infrastructure sectors of the MLP asset class.
Exchange Traded Concepts, LLC will serve as investment adviser to the Fund, while Yorkville ETF Advisors, LLC and Index Management Solutions, LLC will serve as sub-advisers.
The Solactive Indexes are sponsored by Structured Solutions AG, which is independent of the Fund. Structured Solutions AG determines the components and relative weightings of the securities in the Index and publishes information regarding the Index.
*Source: 20 Day Average Daily Volume (ADV) Data from Bloomberg as of 4/20/2012 for ETFs launched on or after 1/3/2012.