MainGate MLP C (MLCPX)
5.60
+0.27 (+5.07%)
USD |
Sep 28 2022
Returns Chart
Key Stats
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| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 2.45% | 732.89M | 7.14% | 20.80% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -206.37M | 19.42% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks total return. The fund seeks to generate total return, comprised of capital appreciation and income, by investing in master limited partnership interests. It seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in MLP interests under normal circumstances. MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. Under normal circumstances, the fund concentrates its investments in MLPs in the energy sector. It is non-diversified. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | IMLPX |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Energy Limited Partnership |
| Category Index | Morningstar MLP Composite TR USD |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | MainGate Trust |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Geoffrey Mavar | 11.54 yrs |
| Matthew Mead | 11.54 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category High
1 Year
% Rank:
93
-206.37M
-340.86M
Category Low
495.03M
Category High
3 Months
% Rank:
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3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
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10 Years
% Rank:
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As of August 31, 2022
Performance Versus Category
As of September 28, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of September 28, 2022.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Western Midstream Partners LP | 13.36% | 25.02 | -1.30% |
| MPLX LP Partnership Units | 11.99% | 29.74 | -2.04% |
| Targa Resources Corp | 10.82% | 60.78 | -0.52% |
| Energy Transfer LP | 10.72% | 10.95 | -1.44% |
| EnLink Midstream LLC | 8.18% | 8.91 | -1.00% |
| Magellan Midstream Partners LP | 7.99% | 47.78 | -0.81% |
| Enterprise Products Partners LP | 7.90% | 23.84 | -0.87% |
| Plains GP Holdings LP Class A | 5.40% | 10.90 | -0.95% |
| DCP Midstream LP | 4.23% | 37.40 | -0.28% |
| Plains All American Pipeline LP | 4.07% | 10.53 | -0.75% |
Basic Info
| Investment Strategy | |
| The investment seeks total return. The fund seeks to generate total return, comprised of capital appreciation and income, by investing in master limited partnership interests. It seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in MLP interests under normal circumstances. MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. Under normal circumstances, the fund concentrates its investments in MLPs in the energy sector. It is non-diversified. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | IMLPX |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Energy Limited Partnership |
| Category Index | Morningstar MLP Composite TR USD |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | MainGate Trust |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Geoffrey Mavar | 11.54 yrs |
| Matthew Mead | 11.54 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (9-28-22) | 7.14% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 13.38 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of June 30, 2022
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 3/31/2014 |
| Last Annual Report Date | 11/30/2021 |
| Last Prospectus Date | 3/31/2022 |
| Share Classes | |
| AMLPX | A |
| IMLPX | Inst |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |