Oppenheimer SteelPath MLP Alpha Plus Fund Class A (MLPLX)

6.75
Net Asset Value
+2.27%
1 Day
-0.59%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
3.24%
Expense Ratio
High
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+14.35% 3 years-5.89%
3 months+12.64% 5 years-2.87%
1 year+13.44% Since inception+0.38%
Data through --

Peer Comparisonvs. Energy limited partnership

 MLPLXCategory
Performance 5-yr return-2.87%-3.10%
Expense ratio3.24%1.78%
Risk 5 year sharpe ratio-0.08-0.04
Net assets$220.0M$878.1M
Average market cap$12.6B$11.8B
Average P/E18.621.3
Portfolio turnover46%46%

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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. stock127.62%
International stock0.00%
Fixed income0.00%
Cash0.00%
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 LP13.94%
ETP Energy Transfer Partners LP13.65%
ETE Energy Transfer Equity LP11.22%
MPLX MPLX LP10.54%
TRGP Targa Resources Corp9.89%
MMP Magellan Midstream Partners LP9.22%
-- 7.91%
TGE Tallgrass Energy LP7.54%
BPL Buckeye Partners LP6.83%
WMB Williams Companies5.21%