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Oppenheimer SteelPath MLP Alpha Fund Class A (MLPAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Energy limited partnership
Style or Category
Sales Expenses
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.


1 month+0.80% 3 years-3.72%
3 months-1.80% 5 years+3.67%
1 year+11.29% Since inception+5.73%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return+3.67%+2.27%
Expense ratio4.18%2.27%
Risk 5 year sharpe ratio0.320.24
Net assets$3.7B$984.0M
Average market cap$10.4B$9.9B
Average P/E18.925.0
Portfolio turnover35%35%

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Fund Management and Purchase Info

Fund familyOppenheimerFunds
Fund manager & tenureBrian Watson / 7 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00


U.S. stock97.69%
Fixed income2.28%
International stock0.00%
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
TCP TC PipeLines LP8.06%
ETE Energy Transfer Equity LP7.53%
EPD Enterprise Products Partners LP7.31%
ETP Energy Transfer Partners LP7.18%
MMP Magellan Midstream Partners LP7.11%
SXL Sunoco Logistics Partners LP6.32%
TRGP Targa Resources Corp5.67%
TEGP Tallgrass Energy GP LP5.58%
BPL Buckeye Partners LP4.38%