- ISIN
- US5605992016
- CUSIP
- 560599201
- Issuer
- MainGate Trust
- Inception Date
- Feb 16, 2011
- Category
- Energy Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
IMLPX Performance Chart
MainGate MLP Fund (IMLPX) is up 17.6% since the beginning of the year. IMLPX is currently trading at $11 per share. Investors who bought $1,000 worth of IMLPX shares 5 years ago would now be looking at an investment worth $2,593.
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Returns By Period
MainGate MLP Fund (IMLPX) has returned 17.62% so far this year and 18.09% over the past 12 months. Over the last ten years, IMLPX has returned 9.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MainGate MLP Fund
- 1D
- -0.09%
- 1M
- -5.60%
- YTD
- 17.62%
- 6M
- 18.45%
- 1Y
- 18.09%
- 3Y*
- 22.92%
- 5Y*
- 20.99%
- 10Y*
- 9.27%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IMLPX Monthly Returns History
Based on dividend-adjusted daily data since Feb 22, 2011, IMLPX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +41.2%, while the worst month was Mar 2020 at -42.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IMLPX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +13.6%, while the worst single day was Mar 9, 2020 at -24.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.99% | 7.76% | 3.51% | 1.99% | -3.54% | 0.17% | 17.62% | ||||||
| 2025 | 4.97% | 1.70% | 0.09% | -7.97% | 1.53% | 3.52% | -0.09% | -0.59% | -0.89% | -3.64% | 4.93% | -0.10% | 2.77% |
| 2024 | 0.89% | 5.19% | 6.26% | 0.02% | 1.38% | 4.30% | 1.62% | 2.38% | -0.21% | 2.43% | 14.20% | -6.95% | 34.76% |
| 2023 | 5.47% | -1.66% | -0.98% | 1.55% | -2.97% | 5.69% | 6.69% | 1.44% | 0.91% | -0.15% | 5.46% | -2.22% | 20.26% |
| 2022 | 11.38% | 5.93% | 4.35% | -0.81% | 7.01% | -14.53% | 12.65% | 3.16% | -8.75% | 15.14% | 2.25% | -4.13% | 33.69% |
| 2021 | 5.35% | 6.31% | 5.71% | 7.36% | 8.30% | 7.48% | -6.69% | -2.04% | 5.11% | 6.05% | -7.25% | 3.17% | 44.24% |
Benchmark Metrics
MainGate MLP Fund has an annualized alpha of 0.55%, beta of 0.78, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since February 22, 2011.
- This fund participated in 96.48% of S&P 500 Index downside but only 79.10% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.29 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.55%
- Beta
- 0.78
- R²
- 0.29
- Upside Capture
- 79.10%
- Downside Capture
- 96.48%
Expense Ratio
IMLPX has a high expense ratio of 1.44%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IMLPX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MainGate MLP Fund (IMLPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMLPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.78 | +0.10 |
| Martin ratioReturn relative to average drawdown | 6.85 | 12.44 | -5.59 |
Dividends
Dividend History
MainGate MLP Fund provided a 4.40% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.46 | $0.43 | $0.40 | $0.40 | $0.40 | $0.46 | $0.63 | $0.63 | $0.63 | $0.63 | $0.63 |
Dividend yield | 4.40% | 4.55% | 4.22% | 5.04% | 5.75% | 7.22% | 11.02% | 9.83% | 9.65% | 6.98% | 6.02% | 7.01% |
Monthly Dividends
The table displays the monthly dividend distributions for MainGate MLP Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.27 | ||||||
| 2025 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.46 |
| 2024 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.43 |
| 2023 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.40 |
| 2022 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.40 |
| 2021 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MainGate MLP Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MainGate MLP Fund was 76.39%, occurring on Mar 18, 2020. Recovery took 857 trading sessions.
The current MainGate MLP Fund drawdown is 5.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -76.39%Mar 2020 | 5y 6mo | 3y 4mo | 8y 11moSep 2014 - Aug 2023 |
2025 selloff2025 | -15.93%Apr 2025 | 2mo 16d | 10mo 1d | 1y 12dJan 2025 - Feb 2026 |
2011 correction2011 | -14.20%Aug 2011 | 3mo 11d | 3mo 29d | 7mo 10dApr 2011 - Dec 2011 |
2012 pullback2012 | -9.99%Jun 2012 | 3mo 7d | 3mo 4d | 6mo 11dFeb 2012 - Sep 2012 |
2024 pullback2024 | -9.87%Dec 2024 | 18d | 27d | 1mo 15dDec 2024 - Jan 2025 |
Drawdown Indicators
| IMLPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.39% | -56.78% | -19.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -9.10% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -18.90% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -25.43% | +3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -72.19% | -33.92% | -38.27% |
Current DrawdownCurrent decline from peak | -5.98% | -1.80% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -17.66% | -10.71% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.03% | +0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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