MainGate MLP Fund Class I (IMLPX)
| Fund Assets | 811.21M |
| Expense Ratio | 11.21% |
| Min. Investment | $1,000,000 |
| Turnover | 15.31% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.27% |
| Dividend Growth | 7.32% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Apr 15, 2025 |
| Previous Close | 10.29 |
| YTD Return | 3.22% |
| 1-Year Return | 16.64% |
| 5-Year Return | 247.40% |
| 52-Week Low | 8.85 |
| 52-Week High | 11.11 |
| Beta (5Y) | n/a |
| Holdings | 17 |
| Inception Date | Feb 17, 2011 |
About IMLPX
MainGate MLP Fund is a mutual fund designed to provide investors access to the master limited partnership (MLP) market, particularly within the natural resources and energy infrastructure sectors. Its primary objective is total return, striving to generate both current income and capital appreciation by investing predominantly in MLPs that are engaged in the transportation, storage, and processing of energy commodities such as crude oil, natural gas, and refined products. The fund is managed with a focus on companies operating strategic midstream assets, which often display stable, fee-based cash flows and are typically regulated, potentially supporting predictable income streams throughout economic cycles. Offering mutual fund convenience, MainGate MLP Fund features 1099 tax reporting, eliminating the need for K-1s or concerns over unrelated business taxable income, making it accessible for a broad array of investors including those in retirement accounts. By concentrating its holdings in a select group of MLPs, the fund provides targeted exposure to the energy infrastructure sector while seeking to exploit market inefficiencies inherent in the MLP space. The fund distributes income quarterly and aims to balance growth with consistent payouts for investors seeking exposure to the U.S. energy value chain.
Performance
IMLPX had a total return of 16.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.89%.
Top 10 Holdings
93.59% of assets| Name | Symbol | Weight |
|---|---|---|
| MPLX LP | MPLX | 12.96% |
| Energy Transfer LP | ET | 12.64% |
| Targa Resources Corp. | TRGP | 12.39% |
| Western Midstream Partners, LP | WES | 12.03% |
| Plains GP Holdings, L.P. | PAGP | 9.28% |
| The Williams Companies, Inc. | WMB | 8.41% |
| ONEOK, Inc. | OKE | 8.03% |
| Enterprise Products Partners L.P. | EPD | 7.92% |
| Cheniere Energy, Inc. | LNG | 7.23% |
| Genesis Energy, L.P. | GEL | 2.70% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 15, 2025 | $0.110 | Apr 16, 2025 |
| Jan 21, 2025 | $0.110 | Jan 22, 2025 |
| Oct 16, 2024 | $0.110 | Oct 17, 2024 |
| Jul 16, 2024 | $0.110 | Jul 17, 2024 |
| Apr 16, 2024 | $0.110 | Apr 17, 2024 |
| Jan 16, 2024 | $0.100 | Jan 17, 2024 |