IMLPX Fees and Costs — MainGate MLP Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 1.45%: a 1.25% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $436K in broker commissions, 0.0530% of average net assets, and portfolio turnover was 25%.
IMLPX Fees and Expenses
Annual operating expenses and sales charges of IMLPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.45% |
| Fee waiver | — |
| Net expense ratio | 1.45% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
IMLPX Costs Over Time
On $10,000 invested in IMLPX, assuming 5% a year before costs, total costs come to $931 over 5 years, cutting the return by 1.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.45%) | $152 | $473 | $815 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $514 | $931 |
| Value after costs | $10,342 | $11,062 | $11,832 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
IMLPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0530%
- Total broker commissions: $436K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
IMLPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $160K | 36.80% |
| WELLS FARGO SECURITIES LLC | $74K | 17.02% |
| MORGAN STANLEY & CO. LLC | $59K | 13.64% |
| J.P. MORGAN SECURITIES LLC | $50K | 11.37% |
| CITIGROUP GLOBAL MARKETS INC. | $48K | 11.12% |
| RBC CAPITAL MARKETS LLC | $44K | 10.05% |
MainGate MLP Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IMLPX | Class I | 1.45% | none |
| AMLPX | Class A | 1.70% | 5.75% |
| MLCPX | Class C | 2.45% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.