Tortoise Capital Advisors Launches MLP and Pipeline
Investment Solution for the Insurance Market
Tortoise VIP MLP & Pipeline Portfolio focuses on essential energy infrastructure investments
LEAWOOD, Kan.-- May 01, 2014 (BUSINESS WIRE)--Tortoise Capital Advisors today announced the introduction of the
Tortoise VIP MLP & Pipeline Portfolio, an investment solution serving
the variable annuity market. The variable insurance portfolio will
invest primarily in equity securities of MLP and pipeline companies that
own and operate essential North American energy infrastructure assets,
with an investment objective of total return. The portfolio will be
actively managed by Tortoise Capital Advisors and is currently available
in Jefferson National’s Monument Advisor variable annuity.
“We believe the Tortoise VIP MLP & Pipeline Portfolio provides a
differentiated investment solution to the variable annuity market,”
stated Tortoise managing director, Michelle Kelly. “As we expect North
American oil and natural gas production to continue to gain momentum, so
will the critical need for pipeline infrastructure. The portfolio
provides access to essential MLP and pipeline companies with attractive
total return and portfolio diversification potential.”
The variable insurance portfolio expands Tortoise’s history of
innovative investment product offerings in the energy infrastructure
industry. Tortoise formed the first listed closed-end fund focused on
investing in energy infrastructure MLPs in 2004 and is one of the
largest investment managers of registered funds focused on energy
infrastructure MLPs. Tortoise believes its history and long-only
investment strategy can offer competitive advantages in evaluating and
managing investment opportunities. As an industry pioneer, Tortoise has
managed energy infrastructure investments for over a decade, across
economic cycles and natural disasters.
The Tortoise VIP MLP & Pipeline Portfolio was initiated in cooperation
with Montage Investments. Montage’s boutique of asset managers offer
multiple investment solutions, including mutual funds, closed-end funds,
separately managed accounts and alternative partnership investments.
Additional information regarding the portfolio may be obtained by
calling 855-822-3863 or visiting www.tortoiseadvisors.com.
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager specializing
in listed energy investments. As of March 31, 2014, the adviser had
approximately $15.5 billion of assets under management in NYSE-listed
closed-end investment companies, open-end funds and other accounts. For
more information, visit www.tortoiseadvisors.com.
About Montage Investments
Montage Investments provides institutional-caliber investments to
investors and the financial professionals who serve them. Through a
family of independent asset managers, unified by deep market insight and
fundamental research, Montage offers alternative investment solutions
across the spectrum of asset classes and strategies that include mutual
funds, closed-end funds and separate accounts. Collectively, Montage
Investments managed approximately $21 billion as of Feb. 28, 2014. Visit www.montageinvestments.com.
About Jefferson National
Jefferson National provides tax-advantaged investing solutions for RIAs,
fee-based advisors and the clients they serve, through a network of
3,000 advisors nationwide. The Company is based in Louisville, Ky., with
authority in 49 states and the District of Columbia. To reach Jefferson
National’s advisor support desk, please call 1-866-WHY-FLAT
(1-866-949-3528). To learn more, please visit www.jeffnat.com.
Before investing in the portfolio, investors should consider their
investment goals, time horizons and risk tolerance. The portfolio’s,
Variable Contract’s and Plan’s investment objectives, risks, charges and
expenses must be considered carefully before investing. The statutory
prospectuses and the summary prospectuses contain this and other
important information. Copies of the portfolio’s prospectus may be
obtained by calling 855-822-3863 or visiting www.tortoiseadvisors.com.
The Variable Contract prospectus or Plan documents may be obtained by
contacting the applicable insurance company or your financial adviser.
Please read both the Portfolio prospectus, Variable Contract prospectus
and/or Plan documents carefully before you invest.
Variable investment options are subject to market risk, including
loss of principal, and are suitable for long-term investing,
particularly for retirement. An investment in a portfolio is not a bank
deposit and is not insured or guaranteed by the Federal Deposit
Insurance Corporation or any other government agency. There are charges
and expenses associated with annuities and variable life insurance
products, including mortality and expense risk charges, administrative
fees, expenses for optional riders and deferred sales charges for early
withdrawals. Withdrawals before age 59 1/2 may be subject to a 10
percent IRS penalty.
Investing involves risk. Principal loss is possible. The portfolio is
non-diversified, meaning it may concentrate its assets in fewer
individual holdings than a diversified portfolio. Therefore, the
portfolio is more exposed to individual stock volatility than a
diversified portfolio. Investing in specific sectors such as energy
infrastructure may involve greater risk and volatility than less
concentrated investments. Risks include, but are not limited to, risks
associated with companies owning and/or operating pipelines and
complementary assets, as well as Master Limited Partnerships (MLPs), MLP
affiliates, capital markets, terrorism, natural disasters, climate
change, operating, regulatory, environmental, supply and demand, and
price volatility risks. The tax benefits received by an investor
investing in the portfolio differs from that of a direct investment in
an MLP by an investor. The value of the portfolio’s investment in an MLP
will depend largely on the MLP’s treatment as a partnership for U.S.
federal income tax purposes. If the MLP is deemed to be a corporation
then its income would be subject to federal taxation, reducing the
amount of cash available for distribution to the portfolio which could
result in a reduction of the portfolio’s value. Investments in foreign
issuers involve risk not ordinarily associated with investments in
securities and instruments of U.S. issuers, including risks related to
political, social and economic developments abroad, differences between
U.S. and foreign regulatory and accounting requirements, tax risk and
market practices, as well as fluctuations in foreign currencies. The
portfolio invests in small and mid-cap companies, which involve
additional risks such as limited liquidity and greater volatility than
larger companies. Investments in debt securities typically decrease in
value when interest rates rise. This risk is usually greater for
longer-term debt securities. Investment in lower-rated and non-rated
securities presents a greater risk of loss to principal and interest
than higher-rated securities. The portfolio may also write call options
which may limit the portfolio’s ability to profit from increases in the
market value of a security, but cause it to retain the risk of loss
should the price of the security decline.
Nothing contained in this communication constitutes tax, legal, or
investment advice. Investors must consult their tax advisor or legal
counsel for advice and information concerning their particular situation.
Monument Advisor is issued by Jefferson National Life Insurance Company
(Dallas, TX) and distributed by Jefferson National Securities
Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2,
Certain marketing or sales related support provided by Montage
Investments and certain of its affiliates, none of which are affiliated
with Quasar Distributors, LLC. Quasar Distributors, LLC is not
affiliated with Jefferson National Securities Corporation. Montage
Investments is the indirect majority owner of Tortoise Capital Advisors.
Quasar Distributors, LLC, Distributor
Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331