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Morningstar

Recurrent MLP & Infrastructure Class I RMLPX

Morningstar Medalist Rating
Medalist Rating as of | See Rrecurrent Advisors Investment Hub
  • NAV / 1-Day Return 23.07  /  +0.39 %
  • Total Assets 844.8 Mil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.100%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Energy Limited Partnership
  • Investment Style Mid Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.73%
  • Turnover 7%

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:23 PM GMT+0

Morningstar’s Analysis RMLPX

Will RMLPX 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 RMLPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Strength in Recurrent MLP& Infrastructure Class I's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings RMLPX

More RMLPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 57.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Energy Transfer LP

6.95 48.3 Mil
Energy

Equitrans Midstream Corp

6.35 44.1 Mil
Energy

Pembina Pipeline Corp

6.32 43.9 Mil
Energy

Plains GP Holdings LP Class A

6.11 42.5 Mil
Energy

Suncor Energy Inc

5.76 40.0 Mil
Energy

Phillips 66

5.71 39.7 Mil
Energy

Cenovus Energy Inc

5.71 39.7 Mil
Energy

Western Midstream Partners LP

5.63 39.1 Mil
Energy

Cheniere Energy Inc

4.58 31.8 Mil
Energy

Enterprise Products Partners LP

4.37 30.3 Mil
Energy