CHICKASAW CAPITAL MANAGEMENT LLC

Chickasaw Capital Management LLC is an investment management firm based out of Memphis, Tennessee. The company was established in 2003 by cofounders Geoffrey P. Mavar and Matthew G. Mead, both of whom are still with the company today acting as its principals. Chickasaw Capital Management serves as the investment manager for the MainGate MLP Fund and has grown from its inception to now operate with 17 employees of which 8 are investment professionals. The company’s portfolio managers have, on average, 2 decades of MLP experience. Chickasaw Capital Management conducts its research both internally and externally, utilizing a quantitative and fundamental methodology to make its investment decisions. The company invests in the public equity and fixed income markets of the U.S., focusing on Master Limited Partnerships. Chickasaw Capital Management invests almost exclusively in the energy sector, which alone makes up over 90% of its total asset allocations, and also invests in the utilities and telecommunications, information technology, consumer staples, health care, and other sectors to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings make up approximately two thirds of its total asset allocations, and the company has a relatively low turnover rate of approximately 7.8%. Chickasaw Capital Management holds over $3 billion in total assets under management spread across over 500 accounts, all of which are discretionary accounts. Both of the company’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing significantly from just over $200 million to over 15 times that amount today. Chickasaw Capital Management mainly caters to high net worth individuals, which alone makes up over two thirds of its entire client base, and also provides services to individuals, pension and profit sharing plans, charities, investment companies, pooled investment vehicles, corporations, and insurance companies.