Mutual Funds

MLP & Equity Fund

The Advisory Research MLP & Equity Fund seeks to provide total return by investing in master limited partnership (MLP) and energy infrastructure equities.  

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Under normal market conditions, the Fund will invest at least 80% of its total assets in publicly traded equity of MLPs and other companies focused in the energy infrastructure sector. Fund attributes include:

  • MLP and energy infrastructure equity portfolio.
  • Opportunistic midstream focus.
  • RIC structure: provides a 1099 – no K-1s; no state tax filings.
  • No Unrelated Business Taxable Income (“UBTI”).
  • No fund-level taxation.
  • Seeks to provide total return.

Read about the advantages of the Advisory Research MLP & Equity Fund RIC structure.

Fund Facts
Share Class A C I
CUSIP 46141Q790 46141Q782 46141Q774
Inception 8/31/15 8/31/15 8/31/15
Minimum Investment $2,500 $2,500 $2,500 - 1,000,000*
Net Expense Ratio 1.35% 2.10% 1.10%
Gross Expense Ratio 3.39% 4.14% 3.14%
Portfolio Managers Jim Cunnane and Quinn Kiley
Top 10 Holdings
EnLink Midstream, LLC 7.8%
Enbridge Incorporated 7.1%
ONEOK, Inc. 6.8%
The Williams Companies, Inc. 6.6%
Targa Resources Corp. 6.5%
Antero Midstream GP, LP 5.0%
Tallgrass Energy GP, LP 5.0%
NextEra Energy Partners, LP 4.8%
EQT Corporation 4.8%
NRG Yield, Inc. Class C 4.8%
Total 59.2%

Fund risks and disclosures