IMLPX: MainGate MLP Fund - MutualFunds.com
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MainGate MLP I

IMLPX - Snapshot

Vitals

  • YTD Return 11.8%
  • 3 Yr Annualized Return -15.6%
  • 5 Yr Annualized Return -7.1%
  • Net Assets $787 M
  • Holdings in Top 10 79.0%

52 WEEK LOW AND HIGH

$4.76
$2.35
$6.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 66.39%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Energy Limited Partnership

Compare IMLPX to Popular MLP Industry Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Alerian MLP ETF

AMLP | ETF

$29.27

-0.81%

$4.17 B

10.71%

$3.16

12.67%

-

$3.61

0.00%

$1.84 B

14.21%

$0.51

11.42%

-

$4.97

-0.20%

$1.78 B

11.34%

$0.56

8.28%

-

$22.30

0.00%

$1.72 B

4.42%

$0.99

6.63%

-

$15.85

-0.38%

$1.65 B

9.49%

$1.51

12.53%

-

IMLPX - Profile

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return -15.6%
  • 5 Yr Annualized Total Return -7.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MainGate MLP Fund
  • Fund Family Name
    MainGate Trust
  • Inception Date
    Feb 17, 2011
  • Shares Outstanding
    179212726
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Mead

Fund Description

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. The fund is non-diversified.


IMLPX - Performance

Return Ranking - Trailing

Period IMLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% 5.9% 22.5% 58.82%
1 Yr -27.9% -84.4% 37.6% 48.57%
3 Yr -15.6%* -47.9% 6.9% 76.81%
5 Yr -7.1%* -30.0% 7.3% 71.20%
10 Yr N/A* -24.5% 5.1% N/A

* Annualized

Return Ranking - Calendar

Period IMLPX Return Category Return Low Category Return High Rank in Category (%)
2020 -35.3% -64.4% 319.9% 63.31%
2019 -1.8% -87.2% 18.9% 71.32%
2018 -27.7% -83.3% -10.9% 84.17%
2017 -13.8% -59.9% -1.4% 59.81%
2016 16.5% -10.3% 459.2% 51.00%

Total Return Ranking - Trailing

Period IMLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% 5.9% 24.3% 60.29%
1 Yr -27.9% -84.4% 37.6% 44.29%
3 Yr -15.6%* -47.9% 6.9% 75.36%
5 Yr -7.1%* -30.0% 7.3% 70.40%
10 Yr N/A* -24.5% 5.1% N/A

* Annualized

Total Return Ranking - Calendar

Period IMLPX Return Category Return Low Category Return High Rank in Category (%)
2020 -35.3% -64.4% 215.7% 61.15%
2019 0.3% -87.2% 18.9% 62.79%
2018 -22.2% -83.3% -9.4% 74.17%
2017 -7.9% -59.9% 0.4% 42.99%
2016 25.1% -10.3% 65.5% 41.00%

NAV & Total Return History


IMLPX - Holdings

Concentration Analysis

IMLPX Category Low Category High IMLPX % Rank
Net Assets 787 M 2.23 M 4.17 B 22.86%
Number of Holdings 20 16 154 88.00%
Net Assets in Top 10 623 M 2.59 M 3.28 B 16.00%
Weighting of Top 10 79.04% 37.5% 95.0% 11.02%

Top 10 Holdings

  1. Mplx Lp Partnership Units 12.09%
  2. Magellan Midstream Partners Lp 11.58%
  3. Targa Resources Corp 10.38%
  4. Enterprise Products Partners Lp 9.94%
  5. Energy Transfer Lp 8.63%
  6. Shell Midstream Partners Lp 5.82%
  7. Plains Gp Holdings Lp Class A 5.36%
  8. Plains All American Pipeline Lp 5.33%
  9. Williams Companies Inc 4.96%
  10. Kinder Morgan Inc Class P 4.94%

Asset Allocation

Weighting Return Low Return High IMLPX % Rank
Stocks
99.44% 38.98% 143.94% 32.80%
Cash
0.55% -43.94% 14.71% 54.40%
Preferred Stocks
0.00% 0.00% 4.20% 80.80%
Other
0.00% -46.90% 15.37% 75.20%
Convertible Bonds
0.00% 0.00% 6.97% 75.20%
Bonds
0.00% 0.00% 62.76% 76.80%

Stock Sector Breakdown

Weighting Return Low Return High IMLPX % Rank
Energy
100.00% 20.06% 100.00% 8.80%
Utilities
0.00% 0.00% 56.21% 92.80%
Technology
0.00% 0.00% 11.48% 76.00%
Real Estate
0.00% 0.00% 17.22% 76.00%
Industrials
0.00% 0.00% 10.76% 76.80%
Healthcare
0.00% 0.00% 0.00% 75.20%
Financial Services
0.00% 0.00% 11.94% 75.20%
Communication Services
0.00% 0.00% 2.82% 75.20%
Consumer Defense
0.00% 0.00% 0.52% 75.20%
Consumer Cyclical
0.00% 0.00% 4.26% 75.20%
Basic Materials
0.00% 0.00% 7.05% 84.00%

Stock Geographic Breakdown

Weighting Return Low Return High IMLPX % Rank
US
97.68% 35.24% 143.94% 16.00%
Non US
1.76% 0.00% 42.77% 81.60%

IMLPX - Expenses

Operational Fees

IMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.40% 5.51% 66.67%
Management Fee 1.25% 0.00% 2.64% 85.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

IMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

IMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

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.

IMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.39% 13.00% 135.00% 79.67%

IMLPX - Distributions

Dividend Yield Analysis

IMLPX Category Low Category High IMLPX % Rank
Dividend Yield 0.00% 0.00% 13.06% 79.02%

Dividend Distribution Analysis

IMLPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Semi-Annually Monthly Quarterly

Net Income Ratio Analysis

IMLPX Category Low Category High IMLPX % Rank
Net Income Ratio -0.47% -49.00% 5.74% 54.76%

Capital Gain Distribution Analysis

IMLPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

IMLPX - Fund Manager Analysis

Managers

Matthew Mead


Start Date

Tenure

Tenure Rank

Feb 17, 2011

9.88

9.9%

Matthew G. Mead is a Principal of Chickasaw Capital Management LLC . Prior to co-founding the adviser in 2003, Mr. Mead joined Goldman Sachs & Co. in 1992 and served as a Vice President in the Private Wealth Management Group until 2001. Mr. Mead has advised families with substantial wealth throughout his career and began managing portfolios including MLP assets on a discretionary basis during his tenure at Goldman Sachs. He has diverse investment experience across public and private equity, fixed income, and derivative markets. In September 2001, Mr. Mead co-founded Green Square Capital Management, LLC (“GSCM”), where he was a partner until October 2003. Mr. Mead is the President of Chickasaw Securities, LLC, a subsidiary of the Adviser that is registered as a broker-dealer and a member of FINRA/SIPC. He has been a member of the Board of Directors of Oakworth Capital Bank in Birmingham, AL since 2008. Mr. Mead earned an MBA from the Fuqua School of Business, Duke University in 1992 and a B.S. with a double major in Economics and Finance from Birmingham-Southern College in 1990.

Geoffrey Mavar


Start Date

Tenure

Tenure Rank

Feb 17, 2011

9.88

9.9%

Geoffrey P. Mavar is a Principal of the Chickasaw Capital Management LLC. Prior to co-founding the Chickasaw Capital Management LLC in 2003, Mr. Mavar joined Goldman Sachs & Co. in 1990 and served as a Vice President until 2001. Mr. Mavar began managing portfolios including MLP assets on a discretionary basis while at Goldman Sachs. In September, 2001, Mr. Mavar co-founded GSCM, where he was a partner until October 2003. Mr. Mavar is the Chief Financial Officer of Chickasaw Securities, LLC. Mr. Mavar received his MBA in Finance from The Owen Graduate School of Management, Vanderbilt University, in 1990 and earned his B.A. from the University of Mississippi in 1984. He is a past member of the Alumni Board of Directors of The Owen Graduate School of Management, Vanderbilt University, having served from 1998 to April 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.2 16.85 6.73 10.76