Energy-focused mutual funds may only buy equity interests in various oil, gas, and other energy companies, but seldom offer direct participation of any kind. Furthermore, oil and gas UITs will not...

Energy-focused mutual funds may only buy equity interests in various oil, gas, and other energy companies, but seldom offer direct participation of any kind. Furthermore, oil and gas UITs will not post taxable capital gains of any kind until the trust matures, unlike mutual funds, which pass through capital gains annually.