IQIA Funds

The Fund's investment objective is to provide a high level of after-tax total return.

Investment Strategy

The investment objective of MLP & Strategic Equity Fund Inc. (the "Fund") is to provide a high level of after-tax total return by investing substantially all of its net assets in a portfolio of publicly traded master limited partnerships ("MLPs") operating in the energy infrastructure sector of the market. To enhance its returns, when market conditions are favorable, the Fund will enter into variable prepaid forward contracts ("Forward Contracts"), with terms of approximately one year, to sell particular equity securities that the Fund will strategically purchase with the proceeds of the Forward Contracts. At the maturity of the most recent Forward Contracts in 2008, the Fund did not re-enter into Forward Contracts due to market conditions.

Symbol

MTP

NAV Symbol

XMTPX

CUSIP

55312N106

Market Price

17.26

Day Chg (%)

-0.03 (-0.17%)

Day Volume

57,499

Avg Volume (3 mo)

57,181

Prior Day NAV

17.38

Premium/Discount

(0.69%)

Approx. Shares Out.¹

14.8M

Total Net Assets

$257,257,962

Inception Date

06/29/07

Total Expense Ratio ²

1.39%

*Data as of Wednesday Sep 8, 2010 at 3:59 pm EDT. Market data delayed by at least 15 minutes.

¹As of Tuesday Sep 7, 2010

²4/30/2009

IQ Investment Advisors LLC is a wholly-owned subsidiary of Bank of America Corporation.

The information is subject to change without notice, and is only current as of the date of its original issue. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

The performance data quoted represents past performance and does not guarantee future results. Returns assume reinvestment of all distributions. The market price and net asset value of the Fund's shares will fluctuate with market conditions. Fund shares, when sold, may be worth more or less than their original cost. Funds that use leverage to seek to increase return are subject to greater risk of loss in adverse market conditions. Investments in Funds are subject to investment risks, including the potential loss of principal. Fund shares are not FDIC insured and are not obligations of, deposits in or endorsed by, any bank.