- ISIN
- US90214Q3039
- CUSIP
- 90214Q303
- Issuer
- Recurrent
- Inception Date
- Nov 1, 2017
- Category
- Infrastructure Equities, Energy Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
RMLPX Performance Chart
Recurrent MLP & Infrastructure Fund (RMLPX) is up 39.5% since the beginning of the year. RMLPX is currently trading at $34 per share. Investors who bought $1,000 worth of RMLPX shares 5 years ago would now be looking at an investment worth $3,376.
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Returns By Period
Recurrent MLP & Infrastructure Fund (RMLPX) has returned 39.48% so far this year and 46.03% over the past 12 months.
Recurrent MLP & Infrastructure Fund
- 1D
- 0.09%
- 1M
- 8.08%
- 6M
- 28.73%
- YTD
- 39.48%
- 1Y
- 46.03%
- 3Y*
- 28.23%
- 5Y*
- 27.55%
- 10Y*
- —
- ALL TIME*
- 14.04%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
RMLPX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2018, RMLPX's average daily return is +0.07%, while the average monthly return is +1.48%. At this rate, an investment would double in approximately 3.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +35.3%, while the worst month was Mar 2020 at -44.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RMLPX closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +14.5%, while the worst single day was Mar 9, 2020 at -23.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.65% | 9.09% | 9.04% | 3.58% | -4.48% | -0.41% | 8.53% | 39.48% | |||||
| 2025 | 3.44% | 1.00% | 0.66% | -7.11% | 2.49% | 4.09% | 0.98% | 2.14% | 1.78% | -3.86% | 5.74% | -2.01% | 8.98% |
| 2024 | 1.10% | 4.59% | 8.75% | -0.40% | 2.92% | 1.80% | 3.08% | 1.99% | -1.72% | 1.76% | 11.40% | -7.49% | 30.03% |
| 2023 | 5.23% | -3.47% | -0.59% | 0.16% | -4.82% | 6.80% | 6.86% | 1.59% | 1.64% | -2.28% | 5.49% | -0.14% | 16.79% |
| 2022 | 11.00% | 5.11% | 7.06% | 1.50% | 10.65% | -14.07% | 9.23% | 1.99% | -9.81% | 14.55% | 2.50% | -5.06% | 35.03% |
| 2021 | 4.72% | 10.03% | 3.81% | 5.56% | 7.00% | 3.83% | -6.18% | -1.20% | 6.20% | 7.17% | -7.01% | 3.59% | 42.56% |
Benchmark Metrics
Recurrent MLP & Infrastructure Fund has an annualized alpha of 5.37%, beta of 0.86, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since January 02, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.48%) than losses (92.18%) - typical of diversified or defensive assets.
- R2 of 0.35 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.37%
- Beta
- 0.86
- R²
- 0.35
- Upside Capture
- 97.48%
- Downside Capture
- 92.18%
Expense Ratio
RMLPX has a high expense ratio of 1.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RMLPX ranks 92 for risk / return — above 92% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Recurrent MLP & Infrastructure Fund (RMLPX) 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.
| RMLPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.31 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 2.41 | +2.50 |
| Martin ratioReturn relative to average drawdown | 13.11 | 10.22 | +2.89 |
Dividends
Dividend History
Recurrent MLP & Infrastructure Fund provided a 4.67% dividend yield over the last twelve months, with an annual payout of $1.57 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.57 | $1.57 | $1.84 | $1.30 | $1.30 | $1.30 | $1.52 | $1.30 | $0.98 |
Dividend yield | 4.67% | 6.38% | 7.63% | 6.49% | 7.08% | 8.89% | 13.48% | 7.25% | 5.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Recurrent MLP & Infrastructure 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 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.65 | |||||
| 2025 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.60 | $1.57 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.86 | $1.84 |
| 2023 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $1.30 |
| 2022 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $1.30 |
| 2021 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $1.30 |
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 Recurrent MLP & Infrastructure 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 Recurrent MLP & Infrastructure Fund was 66.95%, occurring on Mar 18, 2020. Recovery took 398 trading sessions.
The current Recurrent MLP & Infrastructure Fund drawdown is 2.09%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-66.95%Mar 2020 | 2y 1mo | 1y 7mo | 3y 8moJan 2018 - Oct 2021 | COVID crash2020 |
-22.83%Jul 2022 | 28d | 1y 1mo | 1y 2moJun 2022 - Aug 2023 | Bear market2022 |
-18.75%Apr 2025 | 4mo 14d | 5mo 19d | 10mo 3dNov 2024 - Sep 2025 | 2025 selloff2025 |
-12.33%Dec 2021 | 2mo | 22d | 2mo 22dOct 2021 - Jan 2022 | — |
-9.09%Jun 2026 | 29d | 29d | 1mo 28dMay 2026 - Jul 2026 | — |
Drawdown Indicators
| RMLPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.95% | -56.78% | -10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.10% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -18.90% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.83% | -25.43% | +2.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.09% | -0.12% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -10.70% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.14% | +1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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