Unlike traditional MLP funds, MLPX avoids fund level taxes by limiting direct MLP exposure and investing in similar entities, such as the General Partners of MLPs and other energy infrastructure corporations.

MLPX invests in midstream infrastructure entities such as pipelines and storage facilities that have less sensitivity to energy prices.

MLPX invests in MLPs and other energy infrastructure companies, which may result in above-average yields while offering broader midstream sector exposure than comparable MLP-only funds.