08-18-2015, 08:29 PM
The biggest concern that I have over them is their constant reliance on capital market. Let the capital markets become dysfunctional for very long and many MLPs could unravel in a very harsh way. That said I'm weighted about 11% via KED and KMF. KMF currently has a nice discount to NAV. The CEF MLP funds also avoid the pesky K-1 forms. For me the diversified basket offered by the CEFs represents a sound choice.
Alex