Long History of MLP Investing Founded in 2003 Early pioneer in managing MLP portfolios 19-Person Investment Team Large group of dedicated investment professionals with diverse backgrounds Deep understanding of companies across the energy supply chain and beyondCoverage and Knowledge of the Entire Energy Supply Chain and Beyond Products across the entire energy supply chain, plus North American Renaissance companies Portfolio Managers and Analysts covering Upstream, Midstream, Downstream and North American Renaissance companiesTwo-Person Risk Management Team Independent risk metric calculation and monitoring to support portfolio construction and review Authority to execute risk management protocol when necessary to maintain agreed upon investment risk parameters Quantitative performance contribution and risk allocation measurement to facilitate alignment of portfolio positions with conviction levelsDisciplined and Focused Investment Process Managing energy-related portfolios is all we do Detailed, proprietary modeling of each portfolio company to understand operational and balance sheet risks