Yorkville High Income MLP YMLP

Nice launch on this first product from Yorkville. Bloomberg volume was 93,333 shares while Yahoo showed 98,633. Range was suspect as explained in the previous post.

With an expense ratio of .82 and an expected yield in excess of 8% this product should attract investors looking for yield when there is little available in the fixed income market. I count 10 MLP based products with AMJ having the largest AUM at just over $4 billion. AMLP is second with $1.8 billion and MLPI, MLPN and MLPL all with $100 million or more. In terms of daily volume, the new entry YMLP came in 4th of the 10-outstanding for an early day. If the volume can be sustained or grow, this looks like a possibility for a real winner. Will be watching this as to share volume and AUM growth-the yield is attractive.

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