Oppenheimer SteelPath MLP Select 40 Fund Class A (MLPFX)

8.16
Net Asset Value
+0.49%
1 Day
-3.43%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
1.23%
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 master limited partnership ("MLP") investments of issuers that are engaged in the transportation- storage- processing- refining- marketing- exploration- production- and mining of minerals and natural resources. It may invest in securities issued by open- and closed-end investment companies.

Performance

1 month-8.98% 3 years-5.59%
3 months+2.03% 5 years+0.24%
1 year-9.79% Since inception+5.06%
Data through --

Peer Comparisonvs. Energy limited partnership

 MLPFXCategory
Performance 5-yr return+0.24%-0.05%
Expense ratio1.23%1.82%
Risk 5 year sharpe ratio0.170.06
Net assets$3.4B$851.5M
Average market cap$6.1B$9.5B
Average P/E18.022.6
Portfolio turnover13%13%

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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

Holdings

U.S. stock97.41%
International stock2.15%
Other1.27%
Cash0.24%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Energy 93.06%
Utilities 2.86%
Industrial materials 2.28%
Business service 1.80%
Consumer goods 0.00%
Top 10 Holdings
Portfolio weighting
ETP Energy Transfer Partners LP5.63%
ETE Energy Transfer Equity LP5.32%
EPD Enterprise Products Partners LP5.17%
MPLX MPLX LP4.94%
BPL Buckeye Partners LP4.70%
TCP TC PipeLines LP4.47%
TEGP Tallgrass Energy GP LP4.43%
HEP Holly Energy Partners LP4.10%
MMP Magellan Midstream Partners LP3.91%
TEP Tallgrass Energy Partners LP3.72%