Morningstar

MainGate MLP Fund Class C MLCPX

Morningstar Medalist Rating
Medalist Rating as of | See MainGate Funds Investment Hub
  • NAV / 1-Day Return 9.90  /  −0.70 %
  • Total Assets 878.6M
  • Adj. Expense Ratio
    2.450%
  • Expense Ratio 2.450%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Energy Limited Partnership
  • Investment Style Mid Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.22%
  • Turnover 25%

USD | NAV as of Jul 10, 2026 | 1-Day Return as of Jul 10, 2026, 12:23 AM GMT+0

Morningstar’s Analysis MLCPX

Will MLCPX outperform in the 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 MLCPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MLCPX 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 MLCPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

MainGate MLP C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MLCPX

More MLCPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 92.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Targa Resources Corp

16.09 157M
Energy

Energy Transfer LP

11.49 112M
Energy

MPLX LP Partnership Units

11.42 111M
Energy

Plains GP Holdings LP Class A

10.51 102M
Energy

Western Midstream Partners LP

8.77 85M
Energy

Williams Companies Inc

8.22 80M
Energy

ONEOK Inc

8.16 79M
Energy

Cheniere Energy Inc

8.01 78M
Energy

Enterprise Products Partners LP

6.99 68M
Energy

Genesis Energy LP

2.33 23M
Energy

Sponsor Center