Oppenheimer SteelPath MLP Alpha Plus Fund Class A (MLPLX)

14.26
Net Asset Value
+0.56%
1 Day
+19.03%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
20.44%
Expense Ratio
--
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"). While the fund principally invests in Midstream MLPs, it may invest in MLPs that primarily derive their revenue from other energy infrastructure assets and energy related assets or activities. The fund may invest in MLPs of all market capitalization ranges. It is non-diversified.

Performance

1 month+3.78% 3 years--
3 months+9.36% 5 years--
1 year+31.48% Since inception+19.31%
Data through --

Peer Comparisonvs. Energy limited partnership

 MLPLXCategory
Performance 5-yr return----
Expense ratio20.44%6.34%
Risk 5 year sharpe ratio----
Net assets$331.4M$1.2B
Average market cap$10.7B--
Average P/E28.0--
Portfolio turnover15%15%

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 / 2 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock136.54%
International stock5.94%
Cash0.86%
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 LP11.36%
ETE Energy Transfer Equity LP10.13%
PAA Plains All American Pipeline LP9.98%
RGP Regency Energy Partners LP8.98%
SXL Sunoco Logistics Partners LP7.94%
MMP Magellan Midstream Partners, L.P.7.80%
TCP TC Pipelines LP7.22%
MWE MarkWest Energy Partners LP6.16%
SDLP Seadrill Partners LLC5.94%
NGL NGL Energy Partners LP5.74%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.