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 in master limited partnership ("MLP") investments. It invests in MLP investments that primarily derive their revenue from businesses engaged in the gathering- processing- transporting- terminalling- storing- distributing- or marketing of natural gas- natural gas liquids- crude oil- refined products (including non-hydrocarbon based products) or other hydrocarbons ("Midstream MLP investments"). The fund is non-diversified.


1 month-9.49% 3 years-9.80%
3 months-11.25% 5 years-3.83%
1 year-19.22% Since inception+2.93%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return-3.83%-0.05%
Expense ratio2.20%1.72%
Risk 5 year sharpe ratio-0.07-0.07
Net assets$2.5B$773.0M
Average market cap$11.2B$9.5B
Average P/E16.519.9
Portfolio turnover37%37%

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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. stock97.18%
Fixed income2.82%
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
EPD Enterprise Products Partners LP10.15%
ETP Energy Transfer Partners LP9.60%
ETE Energy Transfer Equity LP8.35%
TRGP Targa Resources Corp7.39%
MMP Magellan Midstream Partners LP6.85%
TCP TC PipeLines LP6.54%
BPL Buckeye Partners LP6.40%
TEGP Tallgrass Energy GP LP5.09%
WPZ Williams Partners LP4.79%