Products

	Master Limited Partnerships	MLP & Energy Infrastructure	Flex Equity	Fixed Income	Balanced
Description	Diversified portfolio of publicly-traded MLPs focused on natural resources and energy infrastructure	Invests in equity and debt securities of MLPs, related entities, and energy infrastructure companies.	Large cap core, seeks to add value from top-down and bottom-up analysis	Investment grade fixed income with high-quality/liquidity bias	An actively managed blend of our Flex Core Equity and Core Fixed Income strategies
Key Facts	$2.7 billion in strategy Inception 1995 Seek strong total return with significant yield generated by real assets with lower correlation	$60 million in strategy Inception 2010 Seeks "MLP-like" returns with less volatility than a reference MLP Index	$386 million in strategy Inception 1994 Style flexibility Belief that strategy dominates tactics Seeks to outperform in all periods/market conditions	$3.2 billion in strategy Inception 1996 Quality bias: belief that investors under-price risk Seeks to outperform in high-stress fixed income markets	$91 million in strategy Inception 1997 Belief that strategy dominates tactics Asset allocation decisions lead the process

^{* Data as of December 31, 2011.}