MainGate MLP C (MLCPX)
5.51
-0.03 (-0.54%)
USD |
Oct 20 2021
Returns Chart
Key Stats
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| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 2.47% | 842.51M | 7.26% | 36.65% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -327.20M | 90.98% | 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 | 10.63 yrs |
| Matthew Mead | 10.63 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category High
1 Year
% Rank:
93
-327.20M
-707.85M
Category Low
97.74M
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 September 30, 2021
Performance Versus Category
As of October 20, 2021. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
Edit comparables
As of October 20, 2021.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Energy Transfer LP | 12.63% | 9.935 | -2.50% |
| MPLX LP Partnership Units | 11.67% | 31.11 | -1.18% |
| Western Midstream Partners LP | 9.99% | 22.74 | -3.81% |
| Targa Resources Corp | 9.38% | 55.63 | -2.01% |
| Enterprise Products Partners LP | 8.04% | 24.40 | -1.17% |
| Magellan Midstream Partners LP | 7.33% | 50.86 | 0.95% |
| EnLink Midstream LLC | 6.03% | 8.31 | -2.00% |
| Plains GP Holdings LP Class A | 5.96% | 11.79 | -2.48% |
| Plains All American Pipeline LP | 5.17% | 11.02 | -3.08% |
| Crestwood Equity Partners LP | 4.83% | 29.89 | -0.96% |
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 | 10.63 yrs |
| Matthew Mead | 10.63 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (10-20-21) | 7.26% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 13.85 |
| 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, 2021
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 3/31/2014 |
| Last Annual Report Date | 11/30/2020 |
| Last Prospectus Date | 3/31/2021 |
| 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 |