With flexible investment approach, the fund seeks to generate above average income by investing in energy infrastructure companies and Master Limited Partnerships.
The fund can invest in equities and debt securities of MLPs and of energy infrastructure companies and the fund structure offers tax efficiency. The debt securities may be investment grade of high yield debt with a rating of Ba or lower by Moody’s Investors Service or BB or lower by Standard & Poor’s Ratings Group.
The fund offers a simplified tax reporting through a Form 1099.
Investment objective of the fund is to invest in emerging markets of Asia, Europe and Latin America and Middle East.
The fund looks for investment opportunities in market cap between $11 billion and $400 million and generally diversifies with more than 75 holdings.
The investment process relies on fundamental research, quantitative tools and prefers to identify companies that are trading below market multiples measured on earnings, cash flow and book value multiple.
The fund seeks to invest in smaller companies in international markets outside the United States.
The investment process relies on fundamental research, company visits and bottom up research. The fund prefers to invest in companies with market cap less than $2 billion, strong balance sheet and stocks trading at multiple cheaper than the market index.
The fund generally allocates less than 20% of assets to top 10 holdings.
The fund seeks long term capital gain by investing in high quality companies that are currently out of favor.
The fundamental research driven investment process looks for established companies with strong balance sheets and lagging stock prices. The research process then reviews management team and near term actions that may lead to improved business performance.
The investment team allocates about 50% of assets in large-cap companies, 30% in mid-cap companies and the rest in small-cap companies.
