EMLP: More Diverse Than Peers, But This Could Be A Handicap

  • EMLP offers diversified, actively managed exposure to North American energy infrastructure, appealing to hands-off investors and retirees seeking sector access without individual stock selection. The fund's yield (3.13%) and five-year total return lag peers, mainly due to significant utility exposure, which dampens income but adds portfolio stability. Utility allocation provides downside protection during energy crises but reduces pure-play midstream upside; investors seeking midstream growth may prefer higher-yielding alternatives.