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Oppenheimer SteelPath MLP Alpha Fund Class C Shares (MLPGX)

Net Asset Value
1 Day
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
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+3.46% 3 years-6.04%
3 months-3.03% 5 years+0.78%
1 year-4.71% Since inception+1.71%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return+0.78%-0.40%
Expense ratio4.93%2.21%
Risk 5 year sharpe ratio0.010.06
Net assets$2.8B$794.6M
Average market cap$11.0B$9.7B
Average P/E16.521.1
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. stock96.12%
Fixed income3.88%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
ETP Energy Transfer Partners LP9.75%
ETE Energy Transfer Equity LP8.71%
EPD Enterprise Products Partners LP8.10%
TCP TC PipeLines LP7.13%
TRGP Targa Resources Corp7.04%
BPL Buckeye Partners LP6.76%
MMP Magellan Midstream Partners LP6.74%
TEGP Tallgrass Energy GP LP4.85%
WPZ Williams Partners LP4.77%