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Morningstar

MainGate MLP I IMLPX

Morningstar Medalist Rating
Medalist Rating as of | See MainGate Funds Investment Hub
  • NAV / 1-Day Return 7.80  /  0.76 %
  • Total Assets 779.1 Mil
  • Adj. Expense Ratio
    1.440%
  • Expense Ratio 1.440%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Energy Limited Partnership
  • Investment Style Mid Value
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.13%
  • Turnover 3%

USD | NAV as of Sep 30, 2023 | 1-Day Return as of Sep 30, 2023, 1:53 AM GMT+0

Morningstar’s Analysis IMLPX

Will IMLPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IMLPX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the IMLPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of IMLPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin MainGate MLP I's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings IMLPX

More IMLPX Holdings
  • Current Portfolio Date
  • Equity Holdings 19
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 87.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Midstream Partners LP

12.55
92,820,000
Energy

Targa Resources Corp

12.35
91,320,000
Energy

MPLX LP Partnership Units

11.93
88,244,000
Energy

Energy Transfer LP

10.91
80,645,000
Energy

Magellan Midstream Partners LP

10.11
74,784,000
Energy

EnLink Midstream LLC

9.46
69,960,000
Energy

Enterprise Products Partners LP

7.13
52,700,000
Energy

Plains All American Pipeline LP

4.39
32,430,000
Energy

Plains GP Holdings LP Class A

4.36
32,255,250
Energy

Cheniere Energy Inc

3.92
28,948,400
Energy