SPY - MIE: Decent Midstream Fund But Price Is Rather High
One of the best, if somewhat underfollowed, asset classes for income-focused investors is master limited partnerships. This is a somewhat unique asset class as these companies offer certain tax benefits to their investors but are only allowed to do business in certain industries. There are also legal difficulties involved in including them in either funds or retirement accounts so not very many investors have much exposure to these companies. This is probably one reason why these firms frequently have higher distribution yields than anything else in the market, with yields in excess of 7% being