"If
you add together our single-digit yields and mere single-digit
expected growth, you get high single-digit returns, perhaps
double-digit returns, with the lowest volatility and the
highest financial strength available in the publicly traded
markets."
--Lowell
Miller
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A fixed income alternative
which utilizes reliable companies from across the broad market.
Stocks are conservative, high quality, high yield, and are projected
to have a rising stream of income. Read acrobat pdf version
A large-cap value strategy
that utilizes primarily established and seasoned companies with
high financial strengths that are likely to provide steadily rising
earnings and dividends. Read acrobat pdf version
A bond alternative and
moderate equity approach focusing on opportunities in the broad
utilities sector: electric, gas, telephone, sanitation and water.
A conservative socially responsible strategy offering growth and
income for total return investors. Read acrobat pdf version
An opportunistic strategy
focusing on compaines that are likely to be acquired during an
era of utility consolidation and convergence, as well as companies
poised to benefit from deregulation. Read acrobat pdf version
A
high-yielding portfolio (with tax-deferred income) primarily composed
of pipelines and energy facilities we feel have strong prospects
for growth of distributions. Revenues are derived from durable
and stable business assets that generate attractive yields to
the unit holders while allowing for long-term organic growth.
A
portfolio seeking potential acquisition candidates at premiums
to current valuations among small and mid-sized regional and community
banks and commercial finance companies. We believe that many of
these companies have conservative managements, loyal customer
bases, and have avoided the pitfalls of larger institutions. Some
also have monopolistic or duopolistic characteristics.
