MLPtourguide

Eight Non-Oil & Gas MLP Recommendations

FEN has very a high expense ratio. According to ETF connect the total expenses are over 5%. Also the fund is highly leveraged. You might consider a larger yet similar fund with much lower expenses like KYE or KYN

FEN Common Shares
Management Fees 2.74%
Other Expenses 2.62%
Total 5.36%

KYE Common Shares
Management Fees 1.90%
Other Expenses 0.00%
Total 1.90%

I am not recommending either, but the expenses are so high on FEN and it is much smaller. Others are TYY and TYG which also are larger and have lower overhead. I do like these for the long run, but beware that they are ALL close to breaching loan covenants on their leverage which could cause cessation of dividend payments for a period of time.