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ALPS General
Red Rocks 1
Red Rocks 2
Alerian 1
Alerian 2
100
How Many ALPS products are at Great-West and what are they?
2 products -The Red Rocks Listed Private Equity Portfolio -The Alerian Energy Infrastructure Portfolio
100
What are the 3 words that describe the Private Equity business model?
Buy, Improve, Sell
100
When was Red Rocks Capital founded?
2003
100
What does MLP stand for?
Master Limited Partnership
100
Does the portfolio have exposure outside of North America? yes or no
No
200
Where is ALPS located?
Downtown Denver
200
What are two potential barriers an individual investor may experience when accessing the traditional Private Equity asset class?
1)High minimums 2)Lack of liquidity 3)Lack of transparency 4)Lack of diversification
200
How would an advisor incorporate Private Equity into an allocation?
Sleeve or subset of their equity allocation.
200
Would an investor own the Alerian Energy Infrastructure Portfolio for income or total return?
Total return
200
What is the ticker symbol of the ALPS/Alerian Energy Infrastructure Portfolio at Great-West?
ALEFX
300
How many external wholesalers make up the sub-advisory team and what territories do they support?
• David Ritchey = Central • Megan Flood = East • Hunter Jones = West
300
Why is this fund potentially tax inefficient?
Because of unpredictable, inconsistent 1099 distributions caused by the underlying private equity mangers holdings being sold.
300
What investment structure is similar to Private Equity and why?
REITS, because both have public access to private assets.
300
Who is Alerian/what is Alerian? A) Alerian is an independent provider of MLP and energy infrastructure market intelligence B) A scientist who discovered the toll road business model. C) A Houston based oil and gas company D) Largest index provider for exploration and production companies
A) - Alerian is an independent provider of MLP and energy infrastructure market intelligence.
300
What is the ticker symbol of the ALPS/Alerian MLP ETF?
AMLP
400
How many assets under management does ALPS have?
16 billion as of May 31st, 2017
400
Private Equity represents what percentage of the world’s investable assets?
6.3%
400
Name 5 examples of Private Equity backed companies?
Multiple Answers. Can be found on the literature .
400
What is the complicated and expensive tax form that comes from owning individual MLPs?
K-1 tax forms
400
Why do investors view MLPs as a potential hedge against inflation?
Real assets
500
What types of products does ALPS Specialize in?
Satellite and Alternative ETFs and Mutual Funds
500
What sector makes up the highest allocation in the portfolio and why?
Industrials, because they have the most room for operational improvements
500
Why do Private Equity companies become listed?
To raise more capital
500
What are the three ways advisors can incorporate MLPs into a portfolio?
 Real assets  Income  Growth
500
In addition to US energy infrastructure companies, name one of the three remaining portions of the portfolio?
 US energy infrastructure MLPs  US General Partners  Canadian Energy Infrastructure Companies.