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Oppenheimer SteelPath MLP Select 40 Fund Class W (MLPYX)

9.60
Net Asset Value
-0.41%
1 Day
+4.58%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
Sales Expenses
0.98%
Expense Ratio
Low
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 normally invests substantially all of its net assets in the equity securities of a minimum of 40 MLPs. The fund invests in MLPs that primarily derive their revenue from energy infrastructure assets and energy-related assets or activities. It may invest in securities issued by open- and closed-end investment companies.

Performance

1 month+0.20% 3 years-0.80%
3 months+1.12% 5 years+5.15%
1 year+4.90% Since inception+5.86%
Data through --

Peer Comparisonvs. Energy limited partnership

 MLPYXCategory
Performance 5-yr return+5.15%+2.95%
Expense ratio0.98%1.62%
Risk 5 year sharpe ratio0.400.32
Net assets$3.0B$880.6M
Average market cap$6.0B$8.8B
Average P/E20.323.1
Portfolio turnover8%8%

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Fund Management and Purchase Info

Fund familyOppenheimerFunds
Fund manager & tenureBrian Watson / 6 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock96.21%
Other1.35%
Fixed income1.04%
Cash0.72%
International stock0.68%
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 LP5.05%
BPL Buckeye Partners LP4.74%
HEP Holly Energy Partners LP4.68%
EPD Enterprise Products Partners LP4.66%
SXL Sunoco Logistics Partners LP4.61%
MMP Magellan Midstream Partners LP4.40%
MPLX MPLX LP4.38%
TEP Tallgrass Energy Partners LP4.25%
GEL Genesis Energy LP3.93%
WPZ Williams Partners LP3.59%