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Oppenheimer SteelPath MLP Alpha Fund Class A (MLPAX)

9.22
Net Asset Value
-0.54%
1 Day
+6.84%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
1.63%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of master limited partnerships ("MLPs"). It principally invests in a concentrated portfolio of approximately 25 to 35 MLPs that primarily derive their revenue from businesses involved in the gathering, transporting, processing, treating, terminalling, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products or coal ("Midstream MLPs"). The fund is non-diversified.

Performance

1 month+1.83% 3 years-2.56%
3 months+7.10% 5 years+3.86%
1 year-8.60% Since inception+5.22%
Data through --

Peer Comparisonvs. Energy limited partnership

 MLPAXCategory
Performance 5-yr return+3.86%+2.95%
Expense ratio1.63%1.62%
Risk 5 year sharpe ratio0.300.26
Net assets$3.5B$856.3M
Average market cap$7.4B$8.5B
Average P/E14.324.1
Portfolio turnover36%36%

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Fund Management and Purchase Info

Fund familyOppenheimerFunds
Fund manager & tenureBrian Watson / 6 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock92.10%
Fixed income7.90%
International stock0.00%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Energy 97.47%
Utilities 2.53%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
MMP Magellan Midstream Partners LP8.80%
SXL Sunoco Logistics Partners LP8.61%
EPD Enterprise Products Partners LP8.17%
TCP TC PipeLines LP6.95%
ETP Energy Transfer Partners LP6.94%
MPLX MPLX LP5.89%
TEGP Tallgrass Energy GP LP4.86%
BPL Buckeye Partners LP4.25%
ETE Energy Transfer Equity LP3.58%
EQM EQT Midstream Partners LP3.46%

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