Miller/Howard Strategic Indexes

Our indexes seek to capture and distill all we have learned over nearly a quarter century of active management of dividend and energy infrastructure companies. Our strategic, rules-based indexes are created to enhance current passive approaches to asset allocation.

Miller/Howard currently has two indexes:

Miller/Howard MLP Fundamental Index®*
The Miller/Howard MLP Fundamental Index is a composite of 25 energy master limited partnerships (MLPs) that uses modified equal weighting based on certain quantitative fundamental factors of publicly traded MLPs. The index seeks to go beyond cap-weighted MLP exposure, focusing on fundamental factors that we’ve identified as potential key drivers of total return performance.

Read about the Miller/Howard MLP Fundamental Index
Miller/Howard Strategic Dividend Index
The Miller/Howard Strategic Dividend Index seeks to capture and distill all we have learned over nearly a quarter century of active management of dividend companies. Our strategic, rules-based index is created to enhance current passive approaches to asset allocation, going beyond market exposure by applying persistent, strategic factors we have observed and confirmed through our active management. We seek to find and retain the "good," as opposed to cap-weighted indexes, which in our view hold the good, the bad, and the ugly—by their very nature and definition.

Selection Criteria Update (MHDT): In revisiting the objectives of the Miller/Howard Strategic Dividend Index (“the Index”), we have elected to remove business development corporations (BDCs) from our pool of candidates for our investable universe. The Index is intended to capture the benefits of investing in dividend stocks with rising dividends and an operating growth profile that suggests rising dividends in the future. Legally, BDCs are closed-end investment companies rather than operating companies. It would not be expected that BDCs would have earnings, dividend, or growth profiles comparable to operating companies. It is with this understanding that this criteria update will be implemented going forward beginning with the Selection Date June 24, 2016.

Read about the Miller/Howard Strategic Dividend Index

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