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Exchange Traded Concepts files high income MLP ETF

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Exchange Traded Concepts Trust has filed a preliminary prospectus with the SEC to launch an high income MLP ETF, the first exchange-traded fund that tracks the Solactive High Income MLP Index (Index). The new ETF will be advised by Exchange Traded Concepts, LLC (ETC) and will have two sub-advisors. Yorkville ETF Advisors, LLC (Yorkville) will serve as Investment Sub-Adviser and Investment Management Solutions, LLC (IMS) will be the Trading Sub-Adviser for this new series of the Trust.

Yorkville became the latest investment firm to seek to launch an ETF utilising ETC’s ETF-in-a-Box(TM) turnkey solution, an accelerated, low-cost platform to bring new ETFs to market.

The Yorkville High Income MLP ETF (ticker symbol:YMLP) will be passively managed and will seek investment results that, before fees and expenses, correspond generally to the price and yield performance of the Solactive High Income MLP Index.

The Index’s universe of eligible MLPs will include those involved in oil exploration and production, natural gas exploration and production, other energy products, shipping and transportation, as well as direct mining of natural resources.

"We are excited about this filing and excited by the opportunity to work with Yorkville ETF Advisors to launch this new ETF. The platform provides Yorkville with a competitive advantage to meet the growing demand for innovative income products," says J Garrett Stevens, CEO of ETC. "We believe this relationship will demonstrate the value of leveraging our ETF-in-a-Box(TM) platform, operational expertise and strategic partnerships."

"Our expertise and experience in MLP investing led us to explore solutions to bring a unique and innovative ETF to market," says Jay Baker, director of business development with Yorkville ETF Advisors. "Exchange Traded Concepts was the only company offering expediency coupled with a cost-effective, private label platform and all of the necessary ETF service relationships. This enables us to focus on managing and marketing the ETF."

The Solactive High Income MLP Index is calculated and administered by Structured Solutions AG, which is independent of the Fund. Structured Solutions AG determines the components and relative weightings of the securities in the Index and publishes information regarding the Index.

 

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