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Recurrent MLP & Infrastructure Class I (RMLPX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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22.69+0.08 (+0.35%)
At close: 08:00PM EDT

Recurrent MLP & Infrastructure Class I

OMAHA NE 68130

17605 WRIGHT STREET

Two Roads Shared Trust (Redwood)

Management information
Mark J. Laskin,Lead manager since 23 October 2017
Mark was most recently the lead energy portfolio manager and Chief Investment Officer at BP Capital Fund Advisors (BPCFA), an energy-focused long-only investment management firm. Under Mark’s leadership, BPCFA grew from $50mm to nearly $400mm in assets under management in less than 3 years. BPCFA's energy strategy was the #1 performing energy open-end mutual fund, as ranked by Morningstar, from 12/31/13 to 12/31/16, and its MLP strategy was in the top decile in its Morningstar category over that same time period. Mark has 13 years of additional portfolio manager experience at Van Kampen, Morgan Stanley and Invesco. As part of a diversified large cap value strategy, Mark managed more than $10 billion and has managed energy portfolios for more than 12 years. While at Morgan Stanley Investment Management, Mark served as the internal head of equity investment research. Mark earned an MBA/MA in Finance from the Wharton School of Business at the University of Pennsylvania and a BA in History from Swarthmore College where he also played men’s soccer.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryEnergy Limited Partnership
Fund familyRrecurrent Advisors
Net assets841.05M
YTD return14.52%
Yield5.75%
Morningstar rating★★★
Inception date1 Nov 2017

Fund operations

Last dividend0.32
Last cap gain22.00
Holdings turnover7.00%
Average for categoryN/A

Fees and expenses

ExpenseRMLPXCategory average
Annual report expense ratio (net)1.10%1.56%
Prospectus net expense ratio1.10%N/A
Prospectus gross expense ratio1.10%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A5.44%
Max deferred sales loadN/A1.00%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A