MainGate MLP Fund
Schedule of Investments
August 31, 2026 (Unaudited)
MASTER LIMITED PARTNERSHIPS & RELATED ENTITIES - 58.4%									Units						Value
Crude/Refined Products Pipelines and Storage - 26.3% (a)
Genesis Energy, L.P.									320,000						$        5,222,400
MPLX, L.P.									2,000,000						118,340,000
Plains GP Holdings, L.P.									4,218,000						119,031,960
															242,594,360
Natural Gas Gathering/Processing - 11.0% (a)
Western Midstream Partners, L.P.									2,100,000						101,010,000
Natural Gas/Natural Gas Liquid Pipelines and Storage - 21.1% (a)
Energy Transfer, L.P.									5,800,000						124,758,000
Enterprise Products Partners, L.P.									1,800,000						69,876,000
															194,634,000
TOTAL MASTER LIMITED PARTNERSHIPS & RELATED ENTITIES (Cost $51,427,979)															538,238,360
COMMON STOCKS & OTHER EQUITY INTERESTS - 55.4%									Shares						Value
Crude/Refined Products Pipelines and Storage - 2.9% (a)
Enbridge, Inc.									70,000						3,539,900
Phillips 66									94,000						23,178,520
															26,718,420
Natural Gas Gathering/Processing - 21.8% (a)
Antero Midstream Corp.									440,000						9,864,800
Kinetik Holdings, Inc.									198,000						10,856,340
Targa Resources Corp.									615,000						180,594,750
															201,315,890
Natural Gas/Natural Gas Liquid Pipelines and Storage - 30.7% (a)
Cheniere Energy, Inc.									345,000						100,633,050
DT Midstream, Inc.									135,000						17,687,700
Kinder Morgan, Inc.									300,000						9,672,000
Kodiak Gas Services, Inc.									136,000						7,992,720
ONEOK, Inc.									653,000						62,694,530
Williams Companies, Inc.									1,125,000						84,431,250
															283,111,250
TOTAL COMMON STOCKS & OTHER EQUITY INTERESTS (Cost $268,219,727)															511,145,560
TOTAL INVESTMENTS - 113.8% (Cost $319,647,706)															1,049,383,920
Liabilities in Excess of Other Assets - (13.8)%												(0.13832)			(127,516,894)
TOTAL NET ASSETS - 100.0%															$        921,867,026
Percentages are stated as a percent of net assets.

(a)						To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect that industry or sector.

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Summary of Fair Value Disclosure as of August 31, 2026 (Unaudited)

 

MainGate MLP Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of August 31, 2026:

Level 1

Level 2

Level 3

Total

Investments:

Master Limited Partnerships & Related Entities

$        538,238,360

$        –

$        –

$        538,238,360

Common Stocks & Other Equity Interests

511,145,560

–

–

511,145,560

Total Investments

$        1,049,383,920

$        –

$        –

$        1,049,383,920

						Refer to the Schedule of Investments for further disaggregation of investment categories.