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CCCCX Center Coast MLP Focus C

  • Fund
  • CCCCX
  • Price as of: Dec 05, 2016
  • $7.71
  • + $0.04
  • + 0.52%
  • Category
  • MLPs

CCCCX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $2.52 B
  • Holdings in Top 10 66.9%

52 WEEK LOW AND HIGH

$7.71
$5.27
$8.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.22%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

MLPs
  • Fund Type Open End Mutual Fund
  • Investment Style Energy Limited Partnership

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.70%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Center Coast MLP Focus Fund
  • Fund Family Name Center Coast Capital Advisers LP
  • Inception Date Dec 31, 2010
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Dan C. Tutcher

CCCCX - Performance

Return Ranking - Trailing

Period CCCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -32.1% 36.0% 87.50% 5
1 Yr -1.8% -69.5% 9.8% 51.39% 3
3 Yr -4.0% * -28.3% -0.2% 42.37% 3
5 Yr 1.5% * -1.1% 7.5% 83.33% 5
10 Yr N/A * N/A N/A N/A N/A

* Annualized


Return Ranking - Calendar

Period CCCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -28.7% -57.7% -25.7% 10.14% 1
2014 0.8% -4.8% 9.9% 66.15% 4
2013 10.4% 9.3% 29.8% 84.21% 5
2012 -6.5% -7.2% 7.5% 86.21% 5
2011 3.8% -6.2% 9.8% 33.33% 2

Total Return Ranking - Trailing

Period CCCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -32.1% 38.1% 84.72% 5
1 Yr -2.7% -69.5% 9.8% 47.22% 3
3 Yr -4.0% * -28.3% -0.2% 33.90% 2
5 Yr 1.5% * -1.5% 7.5% 76.67% 4
10 Yr N/A * N/A N/A N/A N/A

* Annualized


Total Return Ranking - Calendar

Period CCCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.0% -57.5% -22.5% 10.14% 1
2014 8.9% 2.9% 15.6% 50.77% 3
2013 23.8% 15.9% 42.7% 78.95% 4
2012 -0.3% -0.7% 22.3% 93.10% 5
2011 15.3% 1.4% 27.5% 33.33% 2

NAV & Total Return History

CCCCX - Holdings

Filings data as of: Aug 31, 2016

Concentration Analysis

CCCCX Category Low Category High CCCCX % Rank Quintile
Net Assets 2.52 B 557 K 3.67 B 5.56% 1
Number of Holdings 27 22 75 19.44% 4
Net Assets in Top 10 1.73 B 7.33 M 2.33 B 4.17% 1
Weighting of Top 10 66.9% 31.4% 77.8% 5.56% 1

Top 10 Holdings

  1. Enterprise Products Partners LP 8.17%
  2. Tesoro Logistics LP 6.98%
  3. TC Pipelines LP 5.35%
  4. ONEOK Partners LP 6.19%
  5. Plains All American Pipeline LP 6.96%
  6. Targa Resources Corp 7.06%
  7. MPLX LP Partnership Units 7.07%
  8. NuStar Energy LP 6.85%
  9. EnLink Midstream Partners LP 6.80%
  10. Buckeye Partners LP 5.52%

Asset Allocation

Weighting Category Low Category High CCCCX % Rank Quintile
Stocks
98.31% 61.86% 116.35% 12.50% 3
Cash
3.08% 0.00% 5.13% 11.11% 2
Preferred Stocks
0.00% 0.00% 2.26% 6.94% 5
Convertible Bonds
0.00% 0.00% 0.00% 1.39% 5
Bonds
0.00% 0.00% 34.41% 5.56% 5
Other
-1.39% -16.35% 6.57% 13.89% 5

Stock Sector Breakdown

Weighting Category Low Category High CCCCX % Rank Quintile
Energy
98.31% 56.65% 114.18% 8.33% 2
Financial Services
0.00% 0.00% 0.00% 1.39% 5
Real Estate
0.00% 0.00% 2.27% 4.17% 5
Industrials
0.00% 0.00% 12.46% 19.44% 5
Healthcare
0.00% 0.00% 0.00% 1.39% 5
Technology
0.00% 0.00% 0.00% 1.39% 5
Utilities
0.00% 0.00% 8.22% 20.83% 5
Communication Services
0.00% 0.00% 0.00% 1.39% 5
Consumer Defense
0.00% 0.00% 0.00% 1.39% 5
Consumer Cyclical
0.00% 0.00% 0.00% 1.39% 5
Basic Materials
0.00% 0.00% 2.18% 6.94% 5

Stock Geographic Breakdown

Weighting Category Low Category High CCCCX % Rank Quintile
US
98.31% 61.86% 116.35% 8.33% 2
Non US
0.00% 0.00% 24.36% 19.44% 5

CCCCX - Expenses

Operational Fees

CCCCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.22% 0.80% 7.62% 26.39% 4
Management Fee 1.00% 0.70% 1.25% 6.94% 4
12b-1 Fee 1.00% 0.00% 1.00% 2.13% 5
Administrative Fee 0.06% 0.03% 0.20% 16.67% 2

Sales Fees

CCCCX Fees (% of AUM) Category Low Category High CCCCX Rank Quintile
Front Load N/A 4.50% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 1.00% 5.26% 5

Trading Fees

CCCCX Fees (% of AUM) Category Low Category High CCCCX Rank Quintile
Max Redemption Fee 1.00% 1.00% 2.00% 14.29% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CCCCX Fees (% of AUM) Category Low Category High CCCCX Rank Quintile
Turnover 51.00% 8.00% 96.00% 11.11% 4

CCCCX - Distributions

Dividend Yield Analysis

CCCCX Category Low Category High CCCCX % Rank Quintile
Dividend Yield 0.7% 0.02% 1.34% 12.68% 2

Dividend Distribution Analysis

CCCCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Semi-Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CCCCX Category Low Category High CCCCX % Rank Quintile
Net Income Ratio -1.70% -2.17% 9.01% 90.28% 5

Capital Gain Distribution Analysis

CCCCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Annually Annually

CCCCX - Managers

Dan C. Tutcher

Manager

Start Date

Dec 31, 2010

Tenure

5.84

Tenure Rank

2.6%

Dan C. Tutcher, Principal & Portfolio Manager Responsibilities: Heads Investment Committee, monitoring Center Coast’s portfolio, providing recommendations on buy and sell activity, and reviewing research & analysis. Experience Total: 42 years Experience with Firm: 7 years (Founder) 42 years of investment and management experience in midstream assets. Former President of Enbridge Energy Company and President and Director of Enbridge Energy Partners, LP (NYSE:EEP) #335 on the 2006 Fortune 500. Former President of Enbridge Energy Management, LLC (NYSE:EEQ). Currently a member of the Board of Directors of Enbridge, Inc. President and Chief Executive Officer of Magic Interests, LP. Former Founder and Chairman of the Board and Chief Executive Officer of MidCoast Energy Resources, Inc. (AMEX: MRS). Merged MidCoast Energy Resources, Inc. into Enbridge in 2001 ($900MM Transaction). Previously served on the Board of Directors for the Interstate Natural Gas Association of America, Gas Processors Association, Texas Interstate Pipeline Association, Berkshire Asset Management, Inc. Aux Sables Liquid Products, Inc. and Alliance Pipeline, Inc. Previously a member of the Utilities Advisory Board of Cigna Corporation. Education: BBA from Washburn University


Robert T. Chisholm

Manager

Start Date

Dec 31, 2010

Tenure

5.84

Tenure Rank

2.6%

Robert T. Chisholm, Principal & Senior Portfolio Manager Responsibilities: Serves on Investment Committee, research & analysis of individual MLP holdings, and trading. Experience Total: 15 years Experience with Firm: 7 years 15 years of midstream energy logistics industry experience. Energy Investment Banking Division of Morgan Keegan. Senior Project Analyst at Enbridge Energy Partners, LP (NYSE: EEP) analyzing over $8 billion of midstream MLP mergers and acquisitions transactions. Responsible for analyzing over $1 billion of capital expenditures of Enbridge Energy Partners. Capital Markets, Hydrocarbon and Midstream Groups, Koch Industries. Education: MBA from University of Texas, BBA in Finance from Texas Christian University.


Jeffrey A Jorgensen

Manager

Start Date

Apr 01, 2016

Tenure

0.58

Tenure Rank

14.8%

Jeff A. Jorgensen, Senior Vice President, Director of Research Responsibilities: Provides fundamental research on energy infrastructure companies and MLPs, oversees the Firm’s research analysts and associates Experience Total: 8 years Experience With Firm: 1 year Executive Director at UBS Investment Bank- Global Natural Resources, advising over $10 billion of M&A and strategic transactions, $23 billion in equity transactions, and $20 billion in debt transactions Vice President with Donovan Capital, LLC. Associate with Morgan Stanley- Energy Investment Banking Attorney with Bracewell & Giuliani LLP Education: BA in Economics, Managerial Studies & Sports Management from Rice University & J.D. Honors from The University of Texas School of Law


Tenure Analysis

Category Low

0.3

Category High

6.6

Category Average

4.22

Category Mode

4.8