Duff & Phelps Select MLP and Midstream Energy Fund Announces Changes to Portfolio Management Team

HARTFORD, Conn., Feb. 3, 2020

Clayton, who joined Duff & Phelps' MLP (master limited partnerships) and Infrastructure team in 2016, specializes in research and analysis of mid-stream energy companies and brings a strong energy background to the team.

"I am pleased that Rodney has joined me as a portfolio manager on DSE," said Grumhaus, who has been the lead portfolio manager of the fund since its inception in 2014. "Rodney understands Duff & Phelps' research-driven, fundamental bottom-up approach and has been actively involved in the stock selection process for the fund and our other MLP and infrastructure strategies. He has helped us identify attractive opportunities for DSE and will continue to help position the portfolio for the benefit of our clients."

Prior to joining Duff & Phelps in 2016, Clayton was a senior manager and due diligence analyst at UBS Financial Services, focusing on MLP, large cap value, and equity income strategies. Earlier he was an equity research analyst at J.P. Morgan Securities covering the energy exploration and production, engineering and construction, and environmental services industries.

Clayton completed his undergraduate studies and holds a MBA from Florida A&M University and is a Chartered Financial Analyst^® (CFA^®) charterholder.

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