This managed equity strategy seeks high income and growth by investing in a diversified basket of tax advantaged Master Limited Partnerships (MLPs). MLPs are income oriented publicly traded partnerships that gather, process, transport and store oil, natural gas and refined products. They distribute a majority of their cash flows annually to unit holders in the form of distributions.
Our View: Despite their multi-year price appreciation, we believe that the current political landscape and environmentally based opposition makes recreating these types of critical assets virtually impossible.
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