MainGate MLP Fund Class A (AMLPX)

7.84
Net Asset Value
+0.90%
1 Day
-11.21%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
1.66%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks total return. 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.

Performance

1 month+6.12% 3 years-10.10%
3 months-15.14% 5 years-2.05%
1 year-16.00% Since inception+1.56%
Data through --

Peer Comparisonvs. Energy limited partnership

 AMLPXCategory
Performance 5-yr return-2.05%-4.92%
Expense ratio1.66%1.71%
Risk 5 year sharpe ratio-0.10-0.19
Net assets$1.5B$721.3M
Average market cap$7.8B$8.9B
Average P/E17.018.3
Portfolio turnover19%19%

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Fund Management and Purchase Info

Fund familyMainGate Trust
Fund manager & tenureDavid Fleischer / 7 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

U.S. stock100.00%
International stock0.00%
Fixed income0.00%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
EPD Enterprise Products Partners LP8.41%
ETE Energy Transfer Equity LP8.24%
TRGP Targa Resources Corp8.01%
WMB Williams Companies7.37%
GEL Genesis Energy LP6.38%
ENLC EnLink Midstream LLC5.87%
WGP Western Gas Equity Partners LP4.80%
SHLX Shell Midstream Partners LP4.68%
SEMG SemGroup Corp4.33%
PAGP Plains GP Holdings LP4.25%