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CCCCX Center Coast MLP Focus C

  • Fund
  • CCCCX
  • Price as of: Nov 17, 2017
  • $6.51
  • - $0.00
  • - 0.00%
  • Category
  • MLPs

CCCCX - Profile

Vitals

  • YTD Return -19.1%
  • 3 Yr Annualized Return -7.6%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $2.83 B
  • Holdings in Top 10 67.4%

52 WEEK LOW AND HIGH

$6.51
$6.46
$8.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.21%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 60.00%

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 -19.1%
  • 3 Yr Annualized Total Return -7.6%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.85%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Center Coast MLP Focus Fund
  • Fund Family Name Liberty Street
  • 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 -19.1% -32.1% -8.1% 61.11% 4
1 Yr -2.3% -69.5% 3.1% 40.28% 3
3 Yr -7.6% * -28.3% -6.5% 18.84% 1
5 Yr 0.6% * -11.7% 4.5% 58.14% 3
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
2016 4.4% -57.5% 39.2% 92.75% 5
2015 -28.7% -57.7% -25.7% 10.29% 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

Total Return Ranking - Trailing

Period CCCCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -19.1% -32.1% -8.1% 61.11% 4
1 Yr -3.2% -69.5% 3.1% 33.33% 2
3 Yr -7.6% * -28.3% -6.5% 13.04% 1
5 Yr 0.6% * -12.1% 3.9% 44.19% 3
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
2016 12.7% -57.5% 43.1% 94.20% 5
2015 -25.0% -57.2% -22.5% 10.29% 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

NAV & Total Return History

CCCCX - Holdings

Filings data as of: May 31, 2017

Concentration Analysis

CCCCX Category Low Category High CCCCX % Rank Quintile
Net Assets 2.83 B 557 K 3.8 B 12.50% 2
Number of Holdings 28 21 66 18.06% 4
Net Assets in Top 10 1.82 B 7.33 M 2.31 B 8.33% 1
Weighting of Top 10 67.4% 32.5% 93.4% 11.11% 2

Top 10 Holdings

  1. Enterprise Products Partners LP 7.87%
  2. Tesoro Logistics LP 7.90%
  3. Plains All American Pipeline LP 5.52%
  4. Targa Resources Corp 6.39%
  5. MPLX LP Partnership Units 7.57%
  6. NuStar Energy LP 6.61%
  7. EnLink Midstream Partners LP 6.47%
  8. Buckeye Partners LP 6.44%
  9. Spectra Energy Partners LP 5.18%
  10. Energy Transfer Partners LP 7.49%

Asset Allocation

Weighting Category Low Category High CCCCX % Rank Quintile
Stocks
99.47% 74.00% 126.98% 8.33% 2
Cash
0.84% 0.00% 6.10% 25.00% 4
Preferred Stocks
0.00% 0.00% 1.26% 11.11% 5
Convertible Bonds
0.00% 0.00% 3.81% 8.33% 5
Bonds
0.00% 0.00% 20.11% 5.56% 5
Other
-0.31% -26.98% 7.89% 16.67% 5

Stock Sector Breakdown

Weighting Category Low Category High CCCCX % Rank Quintile
Energy
99.47% 66.08% 124.11% 5.56% 1
Utilities
0.00% 0.00% 7.25% 20.83% 5
Technology
0.00% 0.00% 0.00% 1.39% 5
Real Estate
0.00% 0.00% 1.87% 4.17% 5
Industrials
0.00% 0.00% 10.99% 23.61% 5
Healthcare
0.00% 0.00% 0.00% 1.39% 5
Financial Services
0.00% 0.00% 0.00% 1.39% 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% 2.86% 9.72% 5

Stock Geographic Breakdown

Weighting Category Low Category High CCCCX % Rank Quintile
US
99.47% 68.07% 126.98% 5.56% 1
Non US
0.00% 0.00% 27.35% 26.39% 5

CCCCX - Expenses

Operational Fees

CCCCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.21% 0.80% 10.98% 30.56% 4
Management Fee 1.00% 0.70% 1.25% 4.17% 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 60.00% 10.00% 139.00% 9.72% 4

CCCCX - Distributions

Dividend Yield Analysis

CCCCX Category Low Category High CCCCX % Rank Quintile
Dividend Yield 0.7% 0.02% 1.48% 16.67% 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 -1.85% -7.93% 8.30% 75.00% 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

6.75

Tenure Rank

4.1%

Dan is a Founder, Principal and Portfolio Manager of Center Coast Capital Advisors, L.P. and a member of the Investment Committee. Since the Firm’s founding 2007, Dan has served as the Head of the Investment Committee for all Center Coast products. Previously, Dan was President of Enbridge Energy Company, Inc. and President and Director of Enbridge Energy Partners, L.P. (NYSE:EEP), which was ranked No. 335 on the 2006 Fortune 500. He was also President of Enbridge Energy Management L.L.C. (NYSE:EEQ) and group Vice President of Transportation South for Enbridge Inc. Prior to Enbridge’s acquisition of MidCoast Energy Resources, Inc. (AMEX:MRS) in May 2001, Dan founded and served as Chairman of the Board, President and Chief Executive Officer of MidCoast since its formation in 1992. At the time of its merger with Enbridge, MidCoast had over 80 pipeline systems in ten states, the Gulf of Mexico, and Canada, comprising more than 4,100 miles of pipelines. He has 44+ years experience owning and operating midstream assets.


Robert T. Chisholm

Manager

Start Date

Dec 31, 2010

Tenure

6.75

Tenure Rank

4.1%

Rob has 19 years of midstream energy logistics industry experience and has served as Senior Portfolio Manager since joining the firm during its inception in 2007. He also serves on the Investment Committee and is responsible for providing recommendations on buy and sell activity and overseeing portfolio construction and ongoing portfolio management. He was named a Principal in 2010. Previously, Rob was in Morgan Keegan’s Energy Investment Banking Division and a Senior Project Advisor at Enbridge Energy Partners, LP, where he advised on over $8 billion of mergers and acquisitions within the MLP space. Rob began his career in the energy industry at Koch Industries, Inc. where he served in various roles in their Capital Market, Hydrocarbon and Midstream group. He holds an MBA from the McCombs School of Business at the University of Texas and a BBA in Finance from Texas Christian University.


Jeffrey A Jorgensen

Manager

Start Date

Apr 01, 2016

Tenure

1.5

Tenure Rank

19.3%

In addition to Jeff's role as a Portfolio Manager to the Firm's investment management products, Jeff is the Firm's Director of Research where he is responsible for leading Center Coast's research efforts across all of its energy infrastructure investment products. Prior to joining Center Coast, Jeff served as an Executive Director in the Global Natural Resources Group of UBS Investment Ban where he focused on MLPs and other oil and gas sub-sectors. During his tenure at UBS, he worked on over $20 billion of MLP and energy equity offerings, $10 billion of M&A transactions and $20 billion of debt deals. His previous experience includes working as an investment banker with Morgan Stanley’s Global Energy Group and as an oil & gas finance attorney for Bracewell & Giuliani LLP. Prior to his professional career, Jeff was an outfielder in the Houston Astros organization. He received a J.D., with Honors, from the University of Texas School of Law and a B.A. in Economics, Managerial Studies and Sports Management from Rice University.


Tenure Analysis

Category Low

0.3

Category High

7.6

Category Average

4.93

Category Mode

0.7