Alerian does not provide financial advice to clients, which allows us to provide truly objective data sets and analytics. Independence and data integrity are critical to our ability to successfully deliver trusted market information to all of our stakeholders.

An independent advisory board of auditors, MLP executives, institutional fund managers, legal partners, and other senior financial professionals reviews all constituent changes to the indices as well as all modifications to methodology to ensure that they are made objectively and without bias.

The Board is comprised of a minimum of five members and a maximum of 13 members, all of whom must be independent. The President and CEO of Alerian presents to the Board on a quarterly basis at a minimum, prior to the third Friday of each March, June, September, and December. Any material modification to index methodology, introduction of a new index, or interim constituent change, such as that caused by merger and acquisition activity, will result in interim meetings of the Board. A board book is distributed in advance of each meeting so that committee members have the ability to review proposed index changes, if any, and the supporting market statistics, analytics, and index rules and regulations prior to the meeting.

Alerian believes that this process creates oversight, attention to detail, and balance that leads to unmatched independence in MLP indexing. Alerian believes that information regarding changes to the index and methodology modifications is material and can have an impact on the market. Consequently, all board discussions are confidential.

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