Category Average Return | 2.0% | 25.4% | 7.6% |
Fund Name | Ticker | Summary | 2025 | 2024 | 2023 |
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Advisory Research MLP & Energy Income Fund + | INFFX | 2.2% | 18.1% | 4.9% | |
With flexible investment approach, the fund seeks to generate above average income by investing in energy infrastructure companies and Master Limited Partnerships. The fund can invest in equities and debt securities of MLPs and of energy infrastructure companies and the fund structure offers tax efficiency. The debt securities may be investment grade of high yield debt with a rating of Ba or lower by Moody’s Investors Service or BB or lower by Standard & Poor’s Ratings Group. The fund offers a simplified tax reporting through a Form 1099. |
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Advisory Research MLP & Energy Income Fund | INFRX | 0% | 13.3% | 5.4% | |
With flexible investment approach, the fund seeks to generate above average income by investing in energy infrastructure companies and Master Limited Partnerships. The fund can invest in equities and debt securities of MLPs and of energy infrastructure companies and the fund structure offers tax efficiency. The debt securities may be investment grade of high yield debt with a rating of Ba or lower by Moody’s Investors Service or BB or lower by Standard & Poor’s Ratings Group. The fund offers a simplified tax reporting through a Form 1099. |
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Advisory Research MLP & Energy Income Fund | INFIX | 0% | 13.5% | 5.4% | |
With flexible investment approach, the fund seeks to generate above average income by investing in energy infrastructure companies and Master Limited Partnerships. The fund can invest in equities and debt securities of MLPs and of energy infrastructure companies and the fund structure offers tax efficiency. The debt securities may be investment grade of high yield debt with a rating of Ba or lower by Moody’s Investors Service or BB or lower by Standard & Poor’s Ratings Group. The fund offers a simplified tax reporting through a Form 1099. |
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Catalyst MLP & Infrastructure Fund + | MLXAX | 0% | 34% | 7.6% | |
The fund seeks current income and capital appreciation by investing in companies across any size in the United States. The sub-advisor’s investment process is designed to highlight U.S. and Canadian companies that generate a majority of their cash flow from midstream energy infrastructure activities. The process also looks for securities of master limited partnerships engaged in energy related activities, including treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil, or refined products. Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Then the team evaluates a company’s current distribution yield and prospects for growth. The team narrows the investable universe to a list of companies exhibiting a track record of consistent and growing distributions with proven management teams. Also, the team assesses a company’s competitive position, its new projects and likelihood of successful execution and its impact on future distribution growth. Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level. The fund is non-diversified and may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
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Catalyst MLP & Infrastructure Fund | MLXCX | 0% | 33.9% | 7.5% | |
The fund seeks current income and capital appreciation by investing in companies across any size in the United States. The sub-advisor’s investment process is designed to highlight U.S. and Canadian companies that generate a majority of their cash flow from midstream energy infrastructure activities. The process also looks for securities of master limited partnerships engaged in energy related activities, including treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil, or refined products. Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Then the team evaluates a company’s current distribution yield and prospects for growth. The team narrows the investable universe to a list of companies exhibiting a track record of consistent and growing distributions with proven management teams. Also, the team assesses a company’s competitive position, its new projects and likelihood of successful execution and its impact on future distribution growth. Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level. The fund is non-diversified and may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
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Catalyst MLP & Infrastructure Fund | MLXIX | 0% | 37.7% | 7.6% | |
The fund seeks current income and capital appreciation by investing in companies across any size in the United States. The sub-advisor’s investment process is designed to highlight U.S. and Canadian companies that generate a majority of their cash flow from midstream energy infrastructure activities. The process also looks for securities of master limited partnerships engaged in energy related activities, including treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil, or refined products. Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Then the team evaluates a company’s current distribution yield and prospects for growth. The team narrows the investable universe to a list of companies exhibiting a track record of consistent and growing distributions with proven management teams. Also, the team assesses a company’s competitive position, its new projects and likelihood of successful execution and its impact on future distribution growth. Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level. The fund is non-diversified and may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
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Center Coast Brookfield Midstream Focus Fund + | CCCAX | 0% | 26.3% | 10.3% | |
The fund seeks maximum total return by investing in small-size companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are focused in the midstream investments sector. The investment team considers midstream investments to include companies engaged in the energy infrastructure industry and midstream activities, such as the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil and refined products. Other energy infrastructure companies include electrical transmission companies and utilities, and companies engaged in owning, storing and transporting alternative energy sources, such as renewable. Next, the research team utilizes a proprietary multifactor model to focus on companies with superior risk adjusted returns, and consistent and growing cash distributions. The team also focuses on a company’s quantitative factors such as cash flow, yield and relative valuation. As part of its research process, the research team evaluates a company’s asset quality, considering factors such as contract structure, operating risk, competitive environment and growth potential. Additionally, the team also assesses a company’s management team, business model, and attributes such as liquidity, equity overhang and float. Then the team ranks the companies based on the sustainability of their cash flows, relative market valuation and prospects for growth. Then the manager constructs a focused portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio holds approximately 20 to 40 high quality midstream investments The fund invests more than 25% of its net assets in securities of companies in the energy infrastructure industry and the energy industry. In addition, the fund may invest up to 20% of its net assets in non-midstream investments, including debt securities rated below investment grade. The fund has the flexibility to invest up to 15% of net assets in illiquid securities. The fund is non-diversified which means it may focus its investments in a limited number of issuers. |
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Center Coast Brookfield Midstream Focus Fund | CCCCX | 0% | 23.7% | 8.1% | |
The fund seeks maximum total return by investing in small-size companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are focused in the midstream investments sector. The investment team considers midstream investments to include companies engaged in the energy infrastructure industry and midstream activities, such as the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil and refined products. Other energy infrastructure companies include electrical transmission companies and utilities, and companies engaged in owning, storing and transporting alternative energy sources, such as renewable. Next, the research team utilizes a proprietary multifactor model to focus on companies with superior risk adjusted returns, and consistent and growing cash distributions. The team also focuses on a company’s quantitative factors such as cash flow, yield and relative valuation. As part of its research process, the research team evaluates a company’s asset quality, considering factors such as contract structure, operating risk, competitive environment and growth potential. Additionally, the team also assesses a company’s management team, business model, and attributes such as liquidity, equity overhang and float. Then the team ranks the companies based on the sustainability of their cash flows, relative market valuation and prospects for growth. Then the manager constructs a focused portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio holds approximately 20 to 40 high quality midstream investments The fund invests more than 25% of its net assets in securities of companies in the energy infrastructure industry and the energy industry. In addition, the fund may invest up to 20% of its net assets in non-midstream investments, including debt securities rated below investment grade. The fund has the flexibility to invest up to 15% of net assets in illiquid securities. The fund is non-diversified which means it may focus its investments in a limited number of issuers. |
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Center Coast Brookfield Midstream Focus Fund | CCCNX | 0% | 26.8% | 10.9% | |
The fund seeks maximum total return by investing in small-size companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are focused in the midstream investments sector. The investment team considers midstream investments to include companies engaged in the energy infrastructure industry and midstream activities, such as the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil and refined products. Other energy infrastructure companies include electrical transmission companies and utilities, and companies engaged in owning, storing and transporting alternative energy sources, such as renewable. Next, the research team utilizes a proprietary multifactor model to focus on companies with superior risk adjusted returns, and consistent and growing cash distributions. The team also focuses on a company’s quantitative factors such as cash flow, yield and relative valuation. As part of its research process, the research team evaluates a company’s asset quality, considering factors such as contract structure, operating risk, competitive environment and growth potential. Additionally, the team also assesses a company’s management team, business model, and attributes such as liquidity, equity overhang and float. Then the team ranks the companies based on the sustainability of their cash flows, relative market valuation and prospects for growth. Then the manager constructs a focused portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The portfolio holds approximately 20 to 40 high quality midstream investments The fund invests more than 25% of its net assets in securities of companies in the energy infrastructure industry and the energy industry. In addition, the fund may invest up to 20% of its net assets in non-midstream investments, including debt securities rated below investment grade. The fund has the flexibility to invest up to 15% of net assets in illiquid securities. The fund is non-diversified which means it may focus its investments in a limited number of issuers. |
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Cohen & Steers MLP & Energy Opportunity Fund, Inc + | MLOAX | 0% | 2.2% | 5.5% | |
The fund seeks attractive total return by investing in companies across any size in the United States. The fund is managed by two sub-advisers, Cohen & Steers Asia Limited (CNS Asia) and Cohen & Steers UK Limited (CNS UK). The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential. The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The process focuses on companies that invest in Master Limited Partnerships and Related Companies, such as energy-related MLPs and limited liability companies. According to the investment team, energy-related MLPs own or are otherwise engages in activities related to energy infrastructure, such as assets related to exploration, development, mining, production, processing, refining, storage, gathering, distribution, marketing, and transportation of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. In addition, the research team considers companies other than MLPs that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, coal or other energy sources. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest up to 25% of its net assets directly in MLPs that are qualified publicly traded partnerships. Also, the fund may invest up to 50% of its net assets in foreign securities, including those issued by companies in emerging markets. The fund has the flexibility to invest up to 20% of its net assets in investments that are not MLPs and Related Companies, and may invest in debt securities without regard to their maturity or credit rating.
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Cohen & Steers MLP & Energy Opportunity Fund, Inc | MLOCX | 0% | 6% | 5.4% | |
The fund seeks attractive total return by investing in companies across any size in the United States. The fund is managed by two sub-advisers, Cohen & Steers Asia Limited (CNS Asia) and Cohen & Steers UK Limited (CNS UK). The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential. The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The process focuses on companies that invest in Master Limited Partnerships and Related Companies, such as energy-related MLPs and limited liability companies. According to the investment team, energy-related MLPs own or are otherwise engages in activities related to energy infrastructure, such as assets related to exploration, development, mining, production, processing, refining, storage, gathering, distribution, marketing, and transportation of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. In addition, the research team considers companies other than MLPs that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, coal or other energy sources. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest up to 25% of its net assets directly in MLPs that are qualified publicly traded partnerships. Also, the fund may invest up to 50% of its net assets in foreign securities, including those issued by companies in emerging markets. The fund has the flexibility to invest up to 20% of its net assets in investments that are not MLPs and Related Companies, and may invest in debt securities without regard to their maturity or credit rating.
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Cohen & Steers MLP & Energy Opportunity Fund, Inc | MLOIX | 0% | 5.9% | 5.5% | |
The fund seeks attractive total return by investing in companies across any size in the United States. The fund is managed by two sub-advisers, Cohen & Steers Asia Limited (CNS Asia) and Cohen & Steers UK Limited (CNS UK). The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential. The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The process focuses on companies that invest in Master Limited Partnerships and Related Companies, such as energy-related MLPs and limited liability companies. According to the investment team, energy-related MLPs own or are otherwise engages in activities related to energy infrastructure, such as assets related to exploration, development, mining, production, processing, refining, storage, gathering, distribution, marketing, and transportation of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. In addition, the research team considers companies other than MLPs that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, coal or other energy sources. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest up to 25% of its net assets directly in MLPs that are qualified publicly traded partnerships. Also, the fund may invest up to 50% of its net assets in foreign securities, including those issued by companies in emerging markets. The fund has the flexibility to invest up to 20% of its net assets in investments that are not MLPs and Related Companies, and may invest in debt securities without regard to their maturity or credit rating.
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Cohen & Steers MLP & Energy Opportunity Fund, Inc | MLORX | 0% | 5.9% | 5.5% | |
The fund seeks attractive total return by investing in companies across any size in the United States. The fund is managed by two sub-advisers, Cohen & Steers Asia Limited (CNS Asia) and Cohen & Steers UK Limited (CNS UK). The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential. The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The process focuses on companies that invest in Master Limited Partnerships and Related Companies, such as energy-related MLPs and limited liability companies. According to the investment team, energy-related MLPs own or are otherwise engages in activities related to energy infrastructure, such as assets related to exploration, development, mining, production, processing, refining, storage, gathering, distribution, marketing, and transportation of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. In addition, the research team considers companies other than MLPs that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, coal or other energy sources. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest up to 25% of its net assets directly in MLPs that are qualified publicly traded partnerships. Also, the fund may invest up to 50% of its net assets in foreign securities, including those issued by companies in emerging markets. The fund has the flexibility to invest up to 20% of its net assets in investments that are not MLPs and Related Companies, and may invest in debt securities without regard to their maturity or credit rating.
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Cohen & Steers MLP & Energy Opportunity Fund, Inc | MLOZX | 0% | 6.1% | 5.4% | |
The fund seeks attractive total return by investing in companies across any size in the United States. The fund is managed by two sub-advisers, Cohen & Steers Asia Limited (CNS Asia) and Cohen & Steers UK Limited (CNS UK). The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential. The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The process focuses on companies that invest in Master Limited Partnerships and Related Companies, such as energy-related MLPs and limited liability companies. According to the investment team, energy-related MLPs own or are otherwise engages in activities related to energy infrastructure, such as assets related to exploration, development, mining, production, processing, refining, storage, gathering, distribution, marketing, and transportation of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. In addition, the research team considers companies other than MLPs that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, coal or other energy sources. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest up to 25% of its net assets directly in MLPs that are qualified publicly traded partnerships. Also, the fund may invest up to 50% of its net assets in foreign securities, including those issued by companies in emerging markets. The fund has the flexibility to invest up to 20% of its net assets in investments that are not MLPs and Related Companies, and may invest in debt securities without regard to their maturity or credit rating.
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Cushing MLP Infrastructure Fund + | PAPEX | 0% | 0% | -25% | |
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Cushing MLP Infrastructure Fund | PIPEX | 0% | 0% | -24.9% | |
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Eagle MLP Strategy Fund + | EGLAX | 0% | 34.9% | 8.9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in master limited partnerships and MLP-related securities. The investment team defines MLP-related securities as general partners of MLPs, MLP institutional securities, exchange-traded notes, structured notes or options, or other publicly traded partnerships or limited liability companies. The fund is managed by two co-advisers, Eagle Global Advisors, LLC and Princeton Fund Advisors, LLC. As co-advisers, Eagle Global Advisors is responsible for security selection and trade execution and Princeton Fund Advisors is responsible for regulatory oversight of the fund and oversight of the investment portfolio. Next, the research team emphasizes MLPs and MLP-related securities that focus on midstream energy infrastructure and the transportation, storage and gathering & processing of oil, natural gas, natural gas liquids and other hydrocarbons. The team may also consider MLPs and MLP-related securities that are engaged in one or more aspects of the exploration, production, marketing, or delivery of energy-related commodities such as natural gas, natural gas liquids, coal, crude oil or refined petroleum products. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund invests in notes of any maturity that are rated BBB- or higher. The fund is non-diversified, which means that it may invest in fewer securities at any one time than a diversified fund. |
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Eagle MLP Strategy Fund | EGLCX | 0% | 27.1% | 9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in master limited partnerships and MLP-related securities. The investment team defines MLP-related securities as general partners of MLPs, MLP institutional securities, exchange-traded notes, structured notes or options, or other publicly traded partnerships or limited liability companies. The fund is managed by two co-advisers, Eagle Global Advisors, LLC and Princeton Fund Advisors, LLC. As co-advisers, Eagle Global Advisors is responsible for security selection and trade execution and Princeton Fund Advisors is responsible for regulatory oversight of the fund and oversight of the investment portfolio. Next, the research team emphasizes MLPs and MLP-related securities that focus on midstream energy infrastructure and the transportation, storage and gathering & processing of oil, natural gas, natural gas liquids and other hydrocarbons. The team may also consider MLPs and MLP-related securities that are engaged in one or more aspects of the exploration, production, marketing, or delivery of energy-related commodities such as natural gas, natural gas liquids, coal, crude oil or refined petroleum products. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund invests in notes of any maturity that are rated BBB- or higher. The fund is non-diversified, which means that it may invest in fewer securities at any one time than a diversified fund. |
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Eagle MLP Strategy Fund | EGLIX | 0% | 36.8% | 9.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in master limited partnerships and MLP-related securities. The investment team defines MLP-related securities as general partners of MLPs, MLP institutional securities, exchange-traded notes, structured notes or options, or other publicly traded partnerships or limited liability companies. The fund is managed by two co-advisers, Eagle Global Advisors, LLC and Princeton Fund Advisors, LLC. As co-advisers, Eagle Global Advisors is responsible for security selection and trade execution and Princeton Fund Advisors is responsible for regulatory oversight of the fund and oversight of the investment portfolio. Next, the research team emphasizes MLPs and MLP-related securities that focus on midstream energy infrastructure and the transportation, storage and gathering & processing of oil, natural gas, natural gas liquids and other hydrocarbons. The team may also consider MLPs and MLP-related securities that are engaged in one or more aspects of the exploration, production, marketing, or delivery of energy-related commodities such as natural gas, natural gas liquids, coal, crude oil or refined petroleum products. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund invests in notes of any maturity that are rated BBB- or higher. The fund is non-diversified, which means that it may invest in fewer securities at any one time than a diversified fund. |
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Eagle MLP Strategy Fund | EGLNX | 1.5% | 36.1% | 9.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in master limited partnerships and MLP-related securities. The investment team defines MLP-related securities as general partners of MLPs, MLP institutional securities, exchange-traded notes, structured notes or options, or other publicly traded partnerships or limited liability companies. The fund is managed by two co-advisers, Eagle Global Advisors, LLC and Princeton Fund Advisors, LLC. As co-advisers, Eagle Global Advisors is responsible for security selection and trade execution and Princeton Fund Advisors is responsible for regulatory oversight of the fund and oversight of the investment portfolio. Next, the research team emphasizes MLPs and MLP-related securities that focus on midstream energy infrastructure and the transportation, storage and gathering & processing of oil, natural gas, natural gas liquids and other hydrocarbons. The team may also consider MLPs and MLP-related securities that are engaged in one or more aspects of the exploration, production, marketing, or delivery of energy-related commodities such as natural gas, natural gas liquids, coal, crude oil or refined petroleum products. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund invests in notes of any maturity that are rated BBB- or higher. The fund is non-diversified, which means that it may invest in fewer securities at any one time than a diversified fund. |
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EIP Growth and Income Fund + | EIPFX | 0% | 14.5% | 1.9% | |
The fund seeks primarily a high level of total return and secondarily low volatility by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in the energy industry. The investment team considers enterprises connected to the exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, electricity, coal or renewable energy as related to the energy industry. Next, the research team seeks to identify energy companies in non-cyclical segments of the energy industry that offer the potential for an attractive balance of income and growth. The team focuses on consistent fee-for-service businesses, such as pipelines, storage facilities and terminals. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The manager limits the fund’s exposure to energy companies that derive a significant portion of their revenues from more cyclical businesses, such as energy exploration, development and production. The fund invests in U.S. and Canadian energy companies, as well as may also invest in energy companies organized in other countries. The fund may also invest in a portfolio of investment-grade corporate bonds and obligations of the U.S. government and its agencies. |
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EIP Growth and Income Fund | EIPIX | 0% | 25.4% | 1.9% | |
The fund seeks primarily a high level of total return and secondarily low volatility by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in the energy industry. The investment team considers enterprises connected to the exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, electricity, coal or renewable energy as related to the energy industry. Next, the research team seeks to identify energy companies in non-cyclical segments of the energy industry that offer the potential for an attractive balance of income and growth. The team focuses on consistent fee-for-service businesses, such as pipelines, storage facilities and terminals. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The manager limits the fund’s exposure to energy companies that derive a significant portion of their revenues from more cyclical businesses, such as energy exploration, development and production. The fund invests in U.S. and Canadian energy companies, as well as may also invest in energy companies organized in other countries. The fund may also invest in a portfolio of investment-grade corporate bonds and obligations of the U.S. government and its agencies. |
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Hennessy BP Midstream + | HMSIX | 0% | 23.2% | 11.8% | |
The fund seeks capital appreciation through distribution growth and current income by investing in companies across any size in the United States. The sub-advisor’s investment process is designed to highlight companies in the benchmark index that are engaged in the midstream energy infrastructure sector. The investment team considers an issuer to be a midstream energy infrastructure company if it owns and operates assets used in energy logistics. The process also considers companies whose assets are used in transporting, storing, gathering, processing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products, coal, or electricity, or provides energy-related equipment and services. Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified and may invest a greater portion of its assets in a smaller number of issuers than if it were a diversified fund.
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Hennessy BP Midstream | HMSFX | 0% | 23.4% | 11.1% | |
The fund seeks capital appreciation through distribution growth and current income by investing in companies across any size in the United States. The sub-advisor’s investment process is designed to highlight companies in the benchmark index that are engaged in the midstream energy infrastructure sector. The investment team considers an issuer to be a midstream energy infrastructure company if it owns and operates assets used in energy logistics. The process also considers companies whose assets are used in transporting, storing, gathering, processing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products, coal, or electricity, or provides energy-related equipment and services. Next, the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified and may invest a greater portion of its assets in a smaller number of issuers than if it were a diversified fund.
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Invesco SteelPath MLP Alpha Fund + | MLPAX | 0% | 23.4% | 13.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments. |
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Invesco SteelPath MLP Alpha Fund | MLPGX | 0% | 30% | 11.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments. |
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Invesco SteelPath MLP Alpha Fund | OSPAX | 0% | 35.7% | 13.8% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments. |
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Invesco SteelPath MLP Alpha Fund | MLPOX | 0% | 34.2% | 13.5% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments. |
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Invesco SteelPath MLP Alpha Plus Fund + | MLPLX | 0% | 46.4% | 17.2% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Alpha Plus Fund | MLPMX | 0% | 28.4% | 14.9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Alpha Plus Fund | OSPPX | 0% | 31.3% | 18.2% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Alpha Plus Fund | MLPNX | 0% | 30.8% | 17.9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Income Fund + | MLPDX | 0% | 10.2% | 10.8% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Income Fund | MLPRX | 0% | 12.1% | 8.2% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Income Fund | OSPMX | 0% | 11.1% | 11.8% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Income Fund | MLPZX | 0% | 18.5% | 11.8% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.
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Invesco SteelPath MLP Select 40 Fund + | MLPFX | 0% | 16.8% | 14.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. |
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Invesco SteelPath MLP Select 40 Fund | MLPEX | 0% | 22.1% | 12.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. |
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Invesco SteelPath MLP Select 40 Fund | OSPSX | 0% | 27.1% | 15% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. |
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Invesco SteelPath MLP Select 40 Fund | MLPTX | 2% | 23.4% | 14.9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments. The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments. Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons. Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices. Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. |
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MainGate MLP Fund + | AMLPX | 0% | 29.2% | 13.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process seeks to invest in MLPs in the energy sector that derive their revenues from energy infrastructure assets or energy-related assets or activities. Next, the research team focuses on companies with attractive businesses at reasonable valuations. The team also looks for companies that exhibit potential for earnings and cash flow growth, book or replacement values, distribution yields, and returns on invested capital. In evaluating securities, the team also considers factors such as a company’s position in its industry or sector, internal growth prospects, its pricing flexibility, possible changes in its operating environment, and management’s own equity interest. In addition, the team prefers MLPs that often have stable distributions and attractive growth profiles, and generate durable, predictable cash flows. Other factors in consideration would be high barriers to entry and companies that capitalize on market inefficiencies. Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level. The fund may invest up to 20% of its net assets in foreign securities, such as foreign companies primarily engaged in the energy sector and Canadian income and royalty trusts. The fund is not diversified, which means that its investment results may be dependent upon the results of fewer investments. |
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MainGate MLP Fund | IMLPX | 0% | 28% | 13.9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process seeks to invest in MLPs in the energy sector that derive their revenues from energy infrastructure assets or energy-related assets or activities. Next, the research team focuses on companies with attractive businesses at reasonable valuations. The team also looks for companies that exhibit potential for earnings and cash flow growth, book or replacement values, distribution yields, and returns on invested capital. In evaluating securities, the team also considers factors such as a company’s position in its industry or sector, internal growth prospects, its pricing flexibility, possible changes in its operating environment, and management’s own equity interest. In addition, the team prefers MLPs that often have stable distributions and attractive growth profiles, and generate durable, predictable cash flows. Other factors in consideration would be high barriers to entry and companies that capitalize on market inefficiencies. Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level. The fund may invest up to 20% of its net assets in foreign securities, such as foreign companies primarily engaged in the energy sector and Canadian income and royalty trusts. The fund is not diversified, which means that its investment results may be dependent upon the results of fewer investments. |
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MainGate MLP Fund | MLCPX | 0% | 19.5% | 11.7% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process seeks to invest in MLPs in the energy sector that derive their revenues from energy infrastructure assets or energy-related assets or activities. Next, the research team focuses on companies with attractive businesses at reasonable valuations. The team also looks for companies that exhibit potential for earnings and cash flow growth, book or replacement values, distribution yields, and returns on invested capital. In evaluating securities, the team also considers factors such as a company’s position in its industry or sector, internal growth prospects, its pricing flexibility, possible changes in its operating environment, and management’s own equity interest. In addition, the team prefers MLPs that often have stable distributions and attractive growth profiles, and generate durable, predictable cash flows. Other factors in consideration would be high barriers to entry and companies that capitalize on market inefficiencies. Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level. The fund may invest up to 20% of its net assets in foreign securities, such as foreign companies primarily engaged in the energy sector and Canadian income and royalty trusts. The fund is not diversified, which means that its investment results may be dependent upon the results of fewer investments. |
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MainStay Cushing MLP Premier Fund + | CSHAX | 0% | 33.7% | 5% | |
The fund seeks capital gain and current income through investments in energy limited partnership. The fund is sub-advised by Cushing Asset Management, LP and focused on selecting midstream master limited partnerships. The investment process focuses on selecting MLPs that provide gathering and distribution and seek to identify the most attractive investment with favorable distribution yields and distribution growth prospects. The fund intends to pay current cash distributions to shareholders regardless of its accounting or tax treatment as dividend income, non-taxable capital returns, capital gain or combination thereof. |
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MainStay Cushing MLP Premier Fund | CSHCX | 0% | 28.6% | 2.1% | |
The fund seeks capital gain and current income through investments in energy limited partnership. The fund is sub-advised by Cushing Asset Management, LP and focused on selecting midstream master limited partnerships. The investment process focuses on selecting MLPs that provide gathering and distribution and seek to identify the most attractive investment with favorable distribution yields and distribution growth prospects. The fund intends to pay current cash distributions to shareholders regardless of its accounting or tax treatment as dividend income, non-taxable capital returns, capital gain or combination thereof. |
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MainStay Cushing MLP Premier Fund | CSHZX | 0% | 25% | 5.8% | |
The fund seeks capital gain and current income through investments in energy limited partnership. The fund is sub-advised by Cushing Asset Management, LP and focused on selecting midstream master limited partnerships. The investment process focuses on selecting MLPs that provide gathering and distribution and seek to identify the most attractive investment with favorable distribution yields and distribution growth prospects. The fund intends to pay current cash distributions to shareholders regardless of its accounting or tax treatment as dividend income, non-taxable capital returns, capital gain or combination thereof. |
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MainStay Cushing MLP Premier Fund | CSHNX | 0% | 32.8% | 5% | |
The fund seeks capital gain and current income through investments in energy limited partnership. The fund is sub-advised by Cushing Asset Management, LP and focused on selecting midstream master limited partnerships. The investment process focuses on selecting MLPs that provide gathering and distribution and seek to identify the most attractive investment with favorable distribution yields and distribution growth prospects. The fund intends to pay current cash distributions to shareholders regardless of its accounting or tax treatment as dividend income, non-taxable capital returns, capital gain or combination thereof. |
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Recurrent MLP & Infrastructure Fund | RMLPX | 0% | 16.4% | 9% | |
The fund seeks total return with substantial current income by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that are engaged in energy infrastructure and master limited partnership investments. The strategy seeks to construct a diversified portfolio of infrastructure companies specializing in transportation and storage of oil and gas, without K-1s. Next, the research team focuses on companies which own and operate assets that are used in the energy sector, including assets used in exploring, developing, producing, generating, transporting, transmitting, terminal operation, storing, gathering, processing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products, coal or electricity, or that provide energy related equipment or services. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest 20% of its net assets in sectors outside of energy infrastructure investments, including, securities of corporations that operate in the energy sector or that hold energy assets. Also, the fund may, take a defensive position investing all or a substantial portion of its net assets in cash and/or cash equivalents when market signals warrant. The fund may participate in an initial public offering.‘ The fund is non-diversified and may invest a larger percentage of its assets in fewer issuers than diversified mutual funds. |
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Salient MLP & Energy Infrastructure Fund + | SMAPX | 0% | 27.4% | 7.5% | |
The fund seeks to maximize total return by investing in companies across any size in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The strategy looks to invest in securities of midstream master limited partnerships and midstream energy infrastructure companies. Next, the investment team considers MLPs that principally own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products as midstream MLPs. According to the team, midstream energy infrastructure companies are companies, other than Midstream MLPs, that own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products. Then the research process is driven by fundamental analysis of one stock at a time. The research team focuses on MLPs and energy infrastructure companies that generate superior returns. The team employs proprietary business valuation models to evaluate a company’s cash flow consistency, growth profile, commodity price sensitivity, balance sheet strength, hedging profile, management strength, and competitive landscape. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also invest in investment grade debt securities issued by MLPs and energy infrastructure companies of any maturity. The fund is non-diversified, which means that it may invest in a limited number of issuers.
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Salient MLP & Energy Infrastructure Fund | SMFPX | 0% | 30.2% | 7.5% | |
The fund seeks to maximize total return by investing in companies across any size in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The strategy looks to invest in securities of midstream master limited partnerships and midstream energy infrastructure companies. Next, the investment team considers MLPs that principally own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products as midstream MLPs. According to the team, midstream energy infrastructure companies are companies, other than Midstream MLPs, that own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products. Then the research process is driven by fundamental analysis of one stock at a time. The research team focuses on MLPs and energy infrastructure companies that generate superior returns. The team employs proprietary business valuation models to evaluate a company’s cash flow consistency, growth profile, commodity price sensitivity, balance sheet strength, hedging profile, management strength, and competitive landscape. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also invest in investment grade debt securities issued by MLPs and energy infrastructure companies of any maturity. The fund is non-diversified, which means that it may invest in a limited number of issuers.
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Salient MLP & Energy Infrastructure Fund | SMLPX | 0% | 32.5% | 7.4% | |
The fund seeks to maximize total return by investing in companies across any size in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The strategy looks to invest in securities of midstream master limited partnerships and midstream energy infrastructure companies. Next, the investment team considers MLPs that principally own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products as midstream MLPs. According to the team, midstream energy infrastructure companies are companies, other than Midstream MLPs, that own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products. Then the research process is driven by fundamental analysis of one stock at a time. The research team focuses on MLPs and energy infrastructure companies that generate superior returns. The team employs proprietary business valuation models to evaluate a company’s cash flow consistency, growth profile, commodity price sensitivity, balance sheet strength, hedging profile, management strength, and competitive landscape. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also invest in investment grade debt securities issued by MLPs and energy infrastructure companies of any maturity. The fund is non-diversified, which means that it may invest in a limited number of issuers.
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Salient MLP & Energy Infrastructure Fund | SMRPX | 0% | 32.9% | 7.4% | |
The fund seeks to maximize total return by investing in companies across any size in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The strategy looks to invest in securities of midstream master limited partnerships and midstream energy infrastructure companies. Next, the investment team considers MLPs that principally own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products as midstream MLPs. According to the team, midstream energy infrastructure companies are companies, other than Midstream MLPs, that own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products. Then the research process is driven by fundamental analysis of one stock at a time. The research team focuses on MLPs and energy infrastructure companies that generate superior returns. The team employs proprietary business valuation models to evaluate a company’s cash flow consistency, growth profile, commodity price sensitivity, balance sheet strength, hedging profile, management strength, and competitive landscape. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also invest in investment grade debt securities issued by MLPs and energy infrastructure companies of any maturity. The fund is non-diversified, which means that it may invest in a limited number of issuers.
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Tortoise MLP & Pipeline Fund + | TORCX | 0% | 26.4% | 8.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that invest in securities of master limited partnerships and pipeline companies. Next, the research team focuses on MLPs and pipeline companies that own and operate a network of energy infrastructure asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products, natural gas or natural gas liquids. The team emphasizes companies with yield, growth and quality characteristics having the potential to offer attractive long-term total returns. In addition, the team relies on in-house proprietary models, as well as research provided by broker-dealers and investment firms. The team considers energy infrastructure companies demonstrating long economic lives, high barriers to entry, total return potential, predictable revenue and stable operating structures, and proven management teams. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The manager favors traditional pipeline corporations alongside MLPs exhibiting excellent business fundamentals and expanded growth opportunities. Also, the fund may invest no more than 25% of its net assets in the securities of MLPs and other entities treated as qualified publicly traded partnerships. The fund is non-diversified, and may invest in LLC common units which represent an ownership interest in the LLC. |
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Tortoise MLP & Pipeline Fund | TORIX | 0% | 38.2% | 9.1% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that invest in securities of master limited partnerships and pipeline companies. Next, the research team focuses on MLPs and pipeline companies that own and operate a network of energy infrastructure asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products, natural gas or natural gas liquids. The team emphasizes companies with yield, growth and quality characteristics having the potential to offer attractive long-term total returns. In addition, the team relies on in-house proprietary models, as well as research provided by broker-dealers and investment firms. The team considers energy infrastructure companies demonstrating long economic lives, high barriers to entry, total return potential, predictable revenue and stable operating structures, and proven management teams. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The manager favors traditional pipeline corporations alongside MLPs exhibiting excellent business fundamentals and expanded growth opportunities. Also, the fund may invest no more than 25% of its net assets in the securities of MLPs and other entities treated as qualified publicly traded partnerships. The fund is non-diversified, and may invest in LLC common units which represent an ownership interest in the LLC. |
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Tortoise MLP & Pipeline Fund | TORTX | 0% | 34.7% | 8.9% | |
The fund seeks total return by investing in companies across any size in the United States. The investment process is designed to highlight companies in the benchmark index that invest in securities of master limited partnerships and pipeline companies. Next, the research team focuses on MLPs and pipeline companies that own and operate a network of energy infrastructure asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products, natural gas or natural gas liquids. The team emphasizes companies with yield, growth and quality characteristics having the potential to offer attractive long-term total returns. In addition, the team relies on in-house proprietary models, as well as research provided by broker-dealers and investment firms. The team considers energy infrastructure companies demonstrating long economic lives, high barriers to entry, total return potential, predictable revenue and stable operating structures, and proven management teams. Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level. The manager favors traditional pipeline corporations alongside MLPs exhibiting excellent business fundamentals and expanded growth opportunities. Also, the fund may invest no more than 25% of its net assets in the securities of MLPs and other entities treated as qualified publicly traded partnerships. The fund is non-diversified, and may invest in LLC common units which represent an ownership interest in the LLC. |
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Transamerica MLP & Energy Income Fund + | TMCLX | 2.3% | 32.8% | -2.5% | |
The fund seeks to generate total return including current income through investing in the energy sector. The sub-advisor to the fund focuses on equity and debt securities of energy master limited partnerships, MLP related entities, energy infrastructure companies and other issuers in the energy sector. The sector includes companies involved in exploring, developing, processing, distributing and marketing of fossil fuels or renewable energy. The fund may invest up to 10% of total assets in below investment grade debt issued by energy companies and up to 25% of equity and debt securities of MLPs and other entities that are treated as qualified publicly traded partnerships for federal income tax purposes. |
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Transamerica MLP & Energy Income Fund | TMLAX | 0% | 31.7% | -2.4% | |
The fund seeks to generate total return including current income through investing in the energy sector. The sub-advisor to the fund focuses on equity and debt securities of energy master limited partnerships, MLP related entities, energy infrastructure companies and other issuers in the energy sector. The sector includes companies involved in exploring, developing, processing, distributing and marketing of fossil fuels or renewable energy. The fund may invest up to 10% of total assets in below investment grade debt issued by energy companies and up to 25% of equity and debt securities of MLPs and other entities that are treated as qualified publicly traded partnerships for federal income tax purposes. |
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Transamerica MLP & Energy Income Fund | TMLPX | 0% | 24.4% | -2.4% | |
The fund seeks to generate total return including current income through investing in the energy sector. The sub-advisor to the fund focuses on equity and debt securities of energy master limited partnerships, MLP related entities, energy infrastructure companies and other issuers in the energy sector. The sector includes companies involved in exploring, developing, processing, distributing and marketing of fossil fuels or renewable energy. The fund may invest up to 10% of total assets in below investment grade debt issued by energy companies and up to 25% of equity and debt securities of MLPs and other entities that are treated as qualified publicly traded partnerships for federal income tax purposes. |
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Virtus Duff & Phelps Select MLP and Energy Fund + | VLPAX | 0% | 27.3% | 8.1% | |
The fund seeks to generate capital appreciation and current income by investing in North American energy infrastructure. The fund is managed by Duff & Phelps Investment Management Company. The investment process looks to invest in midstream energy infrastructure C-Corporations, General Partners or Master Limited Partnerships. The investment team analyzes the production and supply dynamics in various energy exploration basins. Then the team looks to identify companies with long-term distribution contracts and cash flows. Investment team build a high conviction portfolio of 30 to 40 securities. |
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Virtus Duff & Phelps Select MLP and Energy Fund | VLPCX | 0% | 32.8% | 8.4% | |
The fund seeks to generate capital appreciation and current income by investing in North American energy infrastructure. The fund is managed by Duff & Phelps Investment Management Company. The investment process looks to invest in midstream energy infrastructure C-Corporations, General Partners or Master Limited Partnerships. The investment team analyzes the production and supply dynamics in various energy exploration basins. Then the team looks to identify companies with long-term distribution contracts and cash flows. Investment team build a high conviction portfolio of 30 to 40 securities. |
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Virtus Duff & Phelps Select MLP and Energy Fund | VLPIX | 0% | 36.6% | 8.1% | |
The fund seeks to generate capital appreciation and current income by investing in North American energy infrastructure. The fund is managed by Duff & Phelps Investment Management Company. The investment process looks to invest in midstream energy infrastructure C-Corporations, General Partners or Master Limited Partnerships. The investment team analyzes the production and supply dynamics in various energy exploration basins. Then the team looks to identify companies with long-term distribution contracts and cash flows. Investment team build a high conviction portfolio of 30 to 40 securities. |