5 MLP Plays for Growth as Well as Big Payouts
H. Kevin Birzer of the Tortoise MLP & Pipeline Fund has averaged 24% annual returns over the past three yrs.
For investors looking for income and an energy allocation, the Tortoise MLP & Pipeline Fund has performed like a hare.
The mutual fund (ticker: TORTX ) boasts one of the top performances among an increasing variety of funds that invest in master limited partnerships, those energy pipeline and infrastructure assets with rich, tax-deferred yields. But the fund owns regular energy corporations, too, and the combo has produced a three-year annualized return of roughly 24%, and a 36% total return in the past year, well ahead of the Standard & Poor’s 500 Energy Index and the benchmark Alerian MLP Index.
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