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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (38177)	7/8/2010 12:06:26 PM
From: E_K_S	Read Replies (1) \| Respond to of 78486

Hi Paul - RE: Tortoise Power & Energy Infra:TPZ Here is an interesting site that provides the NAV for many different Funds. TPZ came up on the list as selling at about a 7% discount to the funds NAV (based on yesterday's closing price of $20.5/share). You want to look at the Premium/Discount calculation based on the prior day's closing price (top left of screen). cefconnect.com The site has a Fund sorter feature that allows you to rank their database of funds by different attributes. Here is the page using the sort by "NAV Discount". (Note: TTO comes up at the top of the list with a 43.96% Premium/Discount. Not too sure what this means but may signal further investigation.) cefconnect.com It seems when the spread is large, it always has been a good time to buy a few more shares. I like the monthly income generated from their portfolio (around 7.3%). Their management fee is reasonable at 0.6%. I do not know if there are any other hidden fees they charge but this funds seems like a good alternative to my MM fund that pays 0.25%. I have a GTC order to buy more shares at $20.50/share. Fund goes xdividend each month around the 20th. EKS

To: Paul Senior who wrote (38177)	7/20/2010 11:48:11 AM
From: E_K_S	Read Replies (1) \| Respond to of 78486

Hi Paul - This new ETF sounds interesting. Here is the Fact Sheet: etfdb.com Re: UBS Launches New Natural Gas MLP ETN (MLPG) MLPG - E-TRACS Alerian Natural Gas MLP Index Fact Sheet MLPG Tracks This Index: Alerian Natural Gas MLP Index Description: The index provides investors with a benchmark for the infrastructure component of the natural gas industry. Constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and natural gas liquids. * Issuer: UBS * Expense Ratio: 0.85% * ETFdb Category: Energy Equities * ETF Home Page: ibb.ubs.com The investment seeks to replicate, net of expenses, the Alerian Natural Gas MLP Index. The index is an equal-weighted composite of the 15 largest natural gas infrastructure Master Limited Partnerships by market capitalization. The index, whose constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and natural gas liquids, provides investors with a benchmark for the infrastructure component of the natural gas industry. More Juicy Yields Similar to other MLP products to hit the market, MLPG will likely lure investors with an attractive current return. According to the issuer web site, the current annual index yield recently stood around 6.6%. With interest rates expected to remain near record lows for the foreseeable future and cash-strapped companies reeling in dividends, investors have begun looking elsewhere for securities that can offer an attractive current return. Top 10 Constituent weightings Name Ticker Weight --------------------------------------------------------------- Copano Energy LLC-Units CPNO 7.00% Spectra Energy Partners LP SEP 6.87% Targa Resources Partners LP NGLS 6.80% Duncan Energy Partners LP DEP 6.80% Boardwalk Pipeline Partners BWP 6.74% TC Pipelines LP TCLP 6.74% ONEOK Partners LP OKS 6.71% Energy Transfer Partners LP ETP 6.70% Enterprise Products Partners EPD 6.62% Regency Energy Partners LP RGNC 6.54% =============================================================== The expense ratio of 0.85% is less than TPZ at 0.95% but I am not too sure if their holdings are equivalent. The TPZ yield is a bit higher at 6.9% vs 6.6% for the MLPG ETF. It appears that TPZ trades more shares and may have better liquidity than MLPG but this is a new ETF and probably has not been discovered yet. I was alerted to MLPG from Dale's 50% Gains Investing thread ( Message 26680068 ). He started a new position in it today. What do you think about the MLPG fund? EKS