Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
27.1%
1 yr return
34.5%
3 Yr Avg Return
26.6%
5 Yr Avg Return
15.9%
Net Assets
$788 M
Holdings in Top 10
91.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IMLPX - Profile
Distributions
- YTD Total Return 27.1%
- 3 Yr Annualized Total Return 26.6%
- 5 Yr Annualized Total Return 15.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.19%
- Dividend Yield 4.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMainGate MLP Fund
-
Fund Family NameMainGate Trust
-
Inception DateMar 31, 2014
-
Shares Outstanding112768226
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Mead
Fund Description
IMLPX - Performance
Return Ranking - Trailing
Period | IMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 27.1% | 11.5% | 36.0% | 55.00% |
1 Yr | 34.5% | 20.8% | 47.8% | 56.00% |
3 Yr | 26.6%* | 4.4% | 31.9% | 13.54% |
5 Yr | 15.9%* | -4.1% | 36.2% | 18.95% |
10 Yr | 3.3%* | -6.4% | 10.9% | 24.59% |
* Annualized
Return Ranking - Calendar
Period | IMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.9% | -14.9% | 18.2% | 10.68% |
2022 | 25.6% | -7.0% | 29.9% | 14.14% |
2021 | 33.5% | 4.2% | 55.3% | 27.27% |
2020 | -35.3% | -57.4% | 155.1% | 54.08% |
2019 | -1.8% | -8.9% | 18.9% | 71.59% |
Total Return Ranking - Trailing
Period | IMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 27.1% | 11.5% | 36.0% | 55.00% |
1 Yr | 34.5% | 20.8% | 47.8% | 56.00% |
3 Yr | 26.6%* | 4.4% | 31.9% | 13.54% |
5 Yr | 15.9%* | -4.1% | 36.2% | 18.95% |
10 Yr | 3.3%* | -6.4% | 10.9% | 24.59% |
* Annualized
Total Return Ranking - Calendar
Period | IMLPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.3% | -9.3% | 25.5% | 22.33% |
2022 | 33.6% | -1.2% | 38.8% | 9.09% |
2021 | 44.1% | 14.5% | 56.2% | 18.18% |
2020 | -27.9% | -53.9% | 155.1% | 58.16% |
2019 | 7.2% | -3.4% | 22.4% | 71.59% |
NAV & Total Return History
IMLPX - Holdings
Concentration Analysis
IMLPX | Category Low | Category High | IMLPX % Rank | |
---|---|---|---|---|
Net Assets | 788 M | 22 M | 53.1 B | 44.95% |
Number of Holdings | 18 | 17 | 89 | 98.06% |
Net Assets in Top 10 | 699 M | 23.7 M | 3.51 B | 36.89% |
Weighting of Top 10 | 91.64% | 39.1% | 118.8% | 15.53% |
Top 10 Holdings
- Western Midstream Partners LP 13.82%
- Targa Resources Corp 13.56%
- Energy Transfer LP 12.32%
- MPLX LP 12.26%
- EnLink Midstream LLC 9.98%
- Enterprise Products Partners LP 8.40%
- ONEOK Inc 7.33%
- Plains GP Holdings LP 6.14%
- Plains All American Pipeline LP 4.01%
- Cheniere Energy Inc 3.83%
Asset Allocation
Weighting | Return Low | Return High | IMLPX % Rank | |
---|---|---|---|---|
Stocks | 103.00% | 53.33% | 138.70% | 33.01% |
Preferred Stocks | 0.00% | 0.00% | 2.23% | 80.58% |
Other | 0.00% | -36.30% | 5.12% | 70.87% |
Convertible Bonds | 0.00% | 0.00% | 5.29% | 77.67% |
Cash | 0.00% | 0.00% | 13.09% | 99.03% |
Bonds | 0.00% | 0.00% | 40.73% | 78.64% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IMLPX % Rank | |
---|---|---|---|---|
Energy | 100.00% | 53.73% | 100.00% | 7.77% |
Utilities | 0.00% | 0.00% | 41.78% | 95.15% |
Technology | 0.00% | 0.00% | 2.43% | 83.50% |
Real Estate | 0.00% | 0.00% | 0.00% | 77.67% |
Industrials | 0.00% | 0.00% | 4.54% | 86.41% |
Healthcare | 0.00% | 0.00% | 0.00% | 77.67% |
Financial Services | 0.00% | 0.00% | 0.66% | 77.67% |
Communication Services | 0.00% | 0.00% | 0.00% | 77.67% |
Consumer Defense | 0.00% | 0.00% | 0.82% | 77.67% |
Consumer Cyclical | 0.00% | 0.00% | 1.07% | 78.64% |
Basic Materials | 0.00% | 0.00% | 6.40% | 87.38% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IMLPX % Rank | |
---|---|---|---|---|
US | 103.00% | 48.92% | 138.70% | 33.01% |
Non US | 0.00% | 0.00% | 31.58% | 95.15% |
IMLPX - Expenses
Operational Fees
IMLPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.90% | 0.35% | 8.81% | 31.37% |
Management Fee | 1.25% | 0.35% | 1.38% | 97.25% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.04% | 0.15% | 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 | N/A | N/A | 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 | 20.80% | 6.00% | 166.00% | 18.56% |
IMLPX - Distributions
Dividend Yield Analysis
IMLPX | Category Low | Category High | IMLPX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.59% | 0.00% | 15.34% | 71.56% |
Dividend Distribution Analysis
IMLPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
IMLPX | Category Low | Category High | IMLPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.19% | -6.38% | 5.84% | 20.59% |
Capital Gain Distribution Analysis
IMLPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 16, 2024 | $0.110 | OrdinaryDividend |
Jan 16, 2024 | $0.100 | OrdinaryDividend |
Oct 17, 2023 | $0.100 | OrdinaryDividend |
Jul 18, 2023 | $0.100 | OrdinaryDividend |
Apr 18, 2023 | $0.100 | OrdinaryDividend |
Jan 17, 2023 | $0.100 | OrdinaryDividend |
Oct 18, 2022 | $0.100 | OrdinaryDividend |
Jul 19, 2022 | $0.100 | OrdinaryDividend |
Apr 19, 2022 | $0.100 | OrdinaryDividend |
Jan 18, 2022 | $0.100 | OrdinaryDividend |
Oct 20, 2021 | $0.100 | OrdinaryDividend |
Jul 20, 2021 | $0.100 | OrdinaryDividend |
Apr 20, 2021 | $0.100 | OrdinaryDividend |
Jan 19, 2021 | $0.100 | OrdinaryDividend |
Oct 20, 2020 | $0.100 | ReturnOfCapital |
Jul 21, 2020 | $0.100 | ReturnOfCapital |
Apr 21, 2020 | $0.100 | ReturnOfCapital |
Jan 21, 2020 | $0.158 | ReturnOfCapital |
Oct 22, 2019 | $0.158 | OrdinaryDividend |
Jul 23, 2019 | $0.158 | OrdinaryDividend |
Apr 23, 2019 | $0.158 | OrdinaryDividend |
Jan 22, 2019 | $0.158 | OrdinaryDividend |
Oct 23, 2018 | $0.158 | OrdinaryDividend |
Jul 24, 2018 | $0.158 | OrdinaryDividend |
Apr 24, 2018 | $0.158 | OrdinaryDividend |
Jan 25, 2018 | $0.158 | OrdinaryDividend |
Oct 24, 2017 | $0.158 | OrdinaryDividend |
Jul 25, 2017 | $0.158 | OrdinaryDividend |
Apr 25, 2017 | $0.158 | OrdinaryDividend |
Jan 24, 2017 | $0.158 | OrdinaryDividend |
Oct 26, 2016 | $0.158 | OrdinaryDividend |
Jul 26, 2016 | $0.158 | OrdinaryDividend |
Apr 26, 2016 | $0.158 | OrdinaryDividend |
Jan 26, 2016 | $0.158 | OrdinaryDividend |
Oct 26, 2015 | $0.158 | OrdinaryDividend |
Jul 24, 2015 | $0.158 | OrdinaryDividend |
Apr 24, 2015 | $0.158 | OrdinaryDividend |
Jan 26, 2015 | $0.158 | OrdinaryDividend |
Oct 24, 2014 | $0.158 | OrdinaryDividend |
Jul 24, 2014 | $0.158 | OrdinaryDividend |
Apr 24, 2014 | $0.158 | OrdinaryDividend |
Jan 24, 2014 | $0.158 | OrdinaryDividend |
Oct 24, 2013 | $0.158 | OrdinaryDividend |
Jul 24, 2013 | $0.158 | OrdinaryDividend |
Apr 24, 2013 | $0.158 | OrdinaryDividend |
Jan 24, 2013 | $0.158 | OrdinaryDividend |
Oct 24, 2012 | $0.158 | OrdinaryDividend |
Jul 24, 2012 | $0.158 | OrdinaryDividend |
Apr 24, 2012 | $0.158 | OrdinaryDividend |
Jan 24, 2012 | $0.158 | OrdinaryDividend |
Nov 01, 2011 | $0.158 | OrdinaryDividend |
Aug 01, 2011 | $0.158 | OrdinaryDividend |
IMLPX - Fund Manager Analysis
Managers
Matthew Mead
Start Date
Tenure
Tenure Rank
Feb 17, 2011
11.29
11.3%
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
11.29
11.3%
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 |
---|---|---|---|
0.08 | 15.78 | 7.77 | 12.18 |