Master Limited Partnership Infrastructure Renewal Fund

Description

The objective of the MLP Infrastructure Renewal Fund is to generate a high total return through both current income and appreciation. The fund invests in a well diversified portfolio across various MLP market subsectors, which includes exposure to income producing securities with MLP-like characteristics. Holdings include securities involved in the handling, transporting, processing, refining, and storage of natural resources.

Process

Purchase Discipline

• Identify undervalued assets that exhibit growing cash flow and limited volatility.
• Companies with an above average distribution growth profile coupled with a compelling yield.
• Solid balance sheets and ample distribution coverage.
• Experienced, prudent management team.
• Stable to Improving credit profile with ample access to capital.
• Asymmetric reward/risk profile.

Sell Discipline

• Security achieves final price objective.
• Fundamental change in the company or industry that negatively impacts original investment thesis.
• Impaired access to capital.

A white paper about master limited partnerships is available here.

Composite Performance

More Information

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