MLP Strategy

(Master Limited Partnership)

An approach that provides a potential source for growth and income

KEY CHARACTERISTICS & MATERIALS



OVERVIEW

  • A high-conviction and concentrated portfolio balanced across three key tenets: quality; long-term growth; and current yield
  • Multi-year outlook and opportunistic flexibility enables time-horizon arbitrage – taking advantage of dislocations between stock prices and asset values
  • Jennison’s Energy Value Research Platform facilitates collaboration and shared intellectual capital which helps to uncover potential trends; identify the most attractive companies/regions; and exposes opportunities and / or pitfalls others may overlook

 




    CHARACTERISTICS

Composite Inception: 12/31/13
Strategy AUM: $0.3 Billion as of 3/31/20
Benchmark: Alerian MLP Index
No. of Holdings: Typically 25 – 35
Market Cap: All-Cap
Turnover: 30 - 50% under normal market conditions
Available Vehicles:









PORTFOLIO MANAGEMENT



Ubong

Ubong "Bobby" Edemeka

Managing Director

Ubong "Bobby" Edemeka

Managing Director

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Shaun Hong, CFA

Shaun Hong, CFA

Managing Director

Shaun Hong, CFA

Managing Director

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Stephen J. Maresca, CFA

Stephen J. Maresca, CFA

Managing Director

Stephen J. Maresca, CFA

Managing Director

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Our MLP team is a part of Jennison’s Income & Infrastructure investment suite which also includes our Global Infrastructure, Equity Income, Utility and Rising Dividend strategies. The MLP team is complemented by the sharing of intellectual capital and close interaction with our Natural Resources team and is supported across Jennison’s energy value chain research approach, which consists of specialized analysts that focus on those specific sectors/industries within the upstream, midstream, and downstream energy infrastructure space. Jennison’s MLP strategy is a natural extension of our infrastructure expertise as members of the team have been investing in midstream infrastructure companies since the late 1990’s.

Meet The Team




PERFORMANCE DATA


As of March 31, 2020Qtr1 Year3 Year5 Year10 YearSince Inception
MLP Strategy Composite - Gross-45.0-46.7-20.2-14.1--9.1
MLP Strategy Composite - Net-45.1-47.0-20.6-14.6--9.6
Alerian MLP Index-57.2-60.9-28.9-20.6--17.0


Source: Jennison/Alerian. Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of Master Limited Partnership Strategy Composite: 12/31/13. Periods greater than one year are annualized. Please refer to the GIPS presentation for additional details, important performance information and disclosures.

 



This website is intended for Institutional and Professional Investors only. All investments involve risk, including the possible loss of capital.

Important Disclosures

Jennison Associates is a registered investment advisor and a Prudential Financial company. Jennison Associates LLC has not been licensed or registered to provide investment services in any jurisdiction outside the United States. Certain investment vehicles are distributed or offered through Prudential Investment Management Services LLC (also a Prudential Financial Company) or other affiliated entities. Additionally, vehicles may not be registered or available for investment in all jurisdictions.

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