MainGate MLP I
- IMLPX
- Price as of: Jan 19, 2021
-
$4.76
N/A N/A
- Primary Theme
- MLP Industry Equity
- Fund Company
- MainGate Trust
- Share Class
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
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
MLP Industry Equity
- Fund Type Open End Mutual Fund
- Investment Style Energy Limited Partnership
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMainGate MLP Fund
-
Fund Family NameMainGate Trust
-
Inception DateFeb 17, 2011
-
Shares Outstanding179212726
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMatthew 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
- Mplx Lp Partnership Units 12.09%
- Magellan Midstream Partners Lp 11.58%
- Targa Resources Corp 10.38%
- Enterprise Products Partners Lp 9.94%
- Energy Transfer Lp 8.63%
- Shell Midstream Partners Lp 5.82%
- Plains Gp Holdings Lp Class A 5.36%
- Plains All American Pipeline Lp 5.33%
- Williams Companies Inc 4.96%
- 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
Date | Amount |
---|---|
Jan 23, 2019 | $0.158 |
Oct 24, 2018 | $0.158 |
Jul 25, 2018 | $0.158 |
Apr 25, 2018 | $0.158 |
Jan 26, 2018 | $0.158 |
Oct 24, 2017 | $0.158 |
Jul 26, 2017 | $0.158 |
Apr 26, 2017 | $0.158 |
Jan 25, 2017 | $0.158 |
Oct 27, 2016 | $0.158 |
Jul 27, 2016 | $0.158 |
Apr 27, 2016 | $0.158 |
Jan 27, 2016 | $0.158 |
Oct 27, 2015 | $0.158 |
Jul 27, 2015 | $0.158 |
Apr 27, 2015 | $0.158 |
Jan 27, 2015 | $0.158 |
Oct 27, 2014 | $0.158 |
Jul 25, 2014 | $0.158 |
Apr 25, 2014 | $0.158 |
Jan 27, 2014 | $0.158 |
Oct 25, 2013 | $0.158 |
Jul 25, 2013 | $0.158 |
Apr 25, 2013 | $0.158 |
Jan 25, 2013 | $0.158 |
Oct 25, 2012 | $0.158 |
Jul 25, 2012 | $0.158 |
Apr 25, 2012 | $0.158 |
Feb 29, 2012 | $0.158 |
Nov 30, 2011 | $0.158 |
Aug 31, 2011 | $0.158 |
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 |