Oppenheimer SteelPath MLP Alpha Plus Fund Class A (MLPLX)

5.89
Net Asset Value
-0.34%
1 Day
-13.25%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
3.24%
Expense Ratio
Above 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. The fund is non-diversified.

Performance

1 month+7.22% 3 years-14.06%
3 months-16.71% 5 years-5.57%
1 year-21.39% Since inception-3.03%
Data through --

Peer Comparisonvs. Energy limited partnership

 MLPLXCategory
Performance 5-yr return-5.57%-4.92%
Expense ratio3.24%1.71%
Risk 5 year sharpe ratio-0.23-0.19
Net assets$180.9M$721.3M
Average market cap$11.3B$8.9B
Average P/E16.418.3
Portfolio turnover46%46%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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. stock127.85%
Cash0.80%
International stock0.00%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
EPD Enterprise Products Partners LP13.34%
ETP Energy Transfer Partners LP13.27%
ETE Energy Transfer Equity LP10.74%
MPLX MPLX LP9.81%
TRGP Targa Resources Corp9.72%
MMP Magellan Midstream Partners LP9.02%
TCP TC PipeLines LP8.40%
BPL Buckeye Partners LP8.19%
TEGP Tallgrass Energy GP LP6.69%
WPZ Williams Partners LP6.28%