Westwood MLP Infrastructure Renewal
The Master Limited Partnership (MLP) strategy is designed to generate a diversified total return through both current income and capital appreciation. The fund focuses on essential energy infrastructure investments including partnerships in transportation and shipping, storage, processing, refining, marketing, exploration, production, and mining. Westwood is located in the heart of the US energy industry and leverages a granular knowledge of the asset class to invest in high-quality companies with upside potential and downside protection.
MLP Commentary
The Appeal of Master Limited Partnerships
Buy discipline
- Identify undervalued assets that exhibit growing cash flow and limited volatility
- Companies with an above average distribution growth profile coupled with a compelling yield
- Solid balance sheets and ample distribution coverage
- Experienced, prudent management team
- Stable to Improving credit profile with ample access to capital
- Asymmetric reward/risk profile
Sell discipline
- Security achieves final price objective
- Fundamental change in the company or industry
Performance
(As of 3/31/2013)
| Inception date | 1Q13 | YTD | 1 yr trailing | 3 yr trailing | 5 yr trailing | Since Inception | |
| MLP Infrastructure Renewal Fund | 1/1/2003 | 20.5% | 20.5% | 30.7% | 26.3% | 19.8% | 21.5% |
| Net of Fees | 20.2% | 20.2% | 29.9% | 25.9% | 19.5% | 21.1% | |
| Alerian MLP Index | 19.7% | 19.7% | 23.1% | 21.5% | 18.5% | 18.1% |
Click to download composite performance details.
“Past performance is not a guarantee of future returns. Returns are preliminary and are subject to change. Click here for the performance disclosure. The disclosures provided are considered an integral part of this presentation.”
More information
Contact us to learn more about this and other Westwood portfolios.
Portfolio team
Todd L. Williams, CFA
Senior Vice President,
Senior Research Analyst,
Portfolio Manager
Mark Eastbrook, CFA
Senior Vice President,
Director of Research,
Portfolio Manager
Matthew I. Na
Research Analyst