The fund seeks primarily a high level of total return and secondarily low volatility by investing in companies across any size in the United States.
The investment process is designed to highlight companies in the benchmark index that are engaged in the energy industry.
The investment team considers enterprises connected to the exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, electricity, coal or renewable energy as related to the energy industry.
Next, the research team seeks to identify energy companies in non-cyclical segments of the energy industry that offer the potential for an attractive balance of income and growth.
The team focuses on consistent fee-for-service businesses, such as pipelines, storage facilities and terminals.
Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The manager limits the fund’s exposure to energy companies that derive a significant portion of their revenues from more cyclical businesses, such as energy exploration, development and production.
The fund invests in U.S. and Canadian energy companies, as well as may also invest in energy companies organized in other countries.
The fund may also invest in a portfolio of investment-grade corporate bonds and obligations of the U.S. government and its agencies.
