Publicly traded energy partnerships offering potential for favorable after-tax yields relative to corporate bonds and equities, and potential for capital appreciation; Conning focuses on midstream issuers with more predictable revenue streams.
Seeks attractive after-tax distribution yields along with potential for capital appreciation.
Quantitative screens identify potential opportunities; qualitative analysis eliminates higher risk issuers. Continuous reviews of holdings with focus on underlying business fundamentals.
Invests in larger MLPs in U.S. midstream energy sector focused on fee-based activities (transportation, gathering/processing, storage/terminating); avoids issuers more focused on volatile exploration/production or refining.