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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.30

$3.42 B

0.00%

0.98%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$3.42 B

Holdings in Top 10

51.8%

52 WEEK LOW AND HIGH

$7.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.30

$3.42 B

0.00%

0.98%

MLPYX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Oppenheimer SteelPath MLP Select 40 Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Mar 31, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian D. Watson

MLPYX - Performance

Return Ranking - Trailing

Period MLPYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 2.5% 16.0% 17.97%
1 Yr N/A 7.1% 49.6% 17.19%
3 Yr N/A* 5.7% 35.7% 25.98%
5 Yr N/A* -7.8% 33.2% 78.76%
10 Yr N/A* -6.0% 11.5% 66.13%

* Annualized

Return Ranking - Calendar

Period MLPYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -14.9% 18.2% 26.56%
2022 N/A -7.0% 29.9% 62.20%
2021 N/A 4.2% 55.3% 82.54%
2020 N/A -57.4% 155.1% 100.00%
2019 N/A -8.9% 20.8% 18.52%

Total Return Ranking - Trailing

Period MLPYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 2.5% 16.0% 20.31%
1 Yr N/A 7.1% 49.6% 14.84%
3 Yr N/A* 5.7% 35.7% 3.94%
5 Yr N/A* -7.8% 33.2% 80.36%
10 Yr N/A* -6.0% 11.5% 60.00%

* Annualized

Total Return Ranking - Calendar

Period MLPYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -9.3% 25.5% 8.59%
2022 N/A -1.2% 38.8% 18.11%
2021 N/A 11.1% 56.2% 42.86%
2020 N/A -53.9% 155.1% 100.00%
2019 N/A -3.4% 34.1% 5.56%

NAV & Total Return History


MLPYX - Holdings

Concentration Analysis

MLPYX Category Low Category High MLPYX % Rank
Net Assets 3.42 B 22 M 53.1 B 1.75%
Number of Holdings 42 16 85 26.85%
Net Assets in Top 10 1.79 B 18.8 M 3.1 B 6.48%
Weighting of Top 10 51.83% 40.8% 111.7% 91.67%

Top 10 Holdings

  1. Energy Transfer LP 7.08%
  2. Tallgrass Energy LP Class A 5.98%
  3. TC Pipelines LP 5.61%
  4. Genesis Energy LP 5.11%
  5. EQM Midstream Partners LP 5.09%
  6. Buckeye Partners LP 4.97%
  7. Enterprise Products Partners LP 4.68%
  8. MPLX LP Partnership Units 4.46%
  9. Targa Resources Corp 4.44%
  10. Williams Companies Inc 4.40%

Asset Allocation

Weighting Return Low Return High MLPYX % Rank
Stocks
97.08% 53.33% 133.88% 75.00%
Cash
2.75% 0.00% 13.09% 22.22%
Preferred Stocks
2.34% 0.00% 2.34% 0.93%
Convertible Bonds
0.00% 0.00% 5.29% 67.59%
Bonds
0.00% 0.00% 40.73% 68.52%
Other
-2.18% -36.30% 5.12% 99.07%

Stock Sector Breakdown

Weighting Return Low Return High MLPYX % Rank
Energy
92.63% 53.73% 100.00% 64.81%
Basic Materials
2.36% 0.00% 6.40% 12.96%
Industrials
1.44% 0.00% 4.54% 3.70%
Utilities
0.65% 0.00% 41.78% 71.30%
Technology
0.00% 0.00% 2.43% 75.00%
Real Estate
0.00% 0.00% 0.26% 67.59%
Healthcare
0.00% 0.00% 0.00% 67.59%
Financial Services
0.00% 0.00% 0.66% 68.52%
Communication Services
0.00% 0.00% 0.00% 67.59%
Consumer Defense
0.00% 0.00% 0.82% 67.59%
Consumer Cyclical
0.00% 0.00% 1.07% 71.30%

Stock Geographic Breakdown

Weighting Return Low Return High MLPYX % Rank
US
95.65% 48.92% 132.40% 47.22%
Non US
1.43% 0.00% 26.09% 55.56%

MLPYX - Expenses

Operational Fees

MLPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.35% 8.56% 92.52%
Management Fee 0.70% 0.35% 1.38% 9.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

MLPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MLPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MLPYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 6.00% 166.00% 28.43%

MLPYX - Distributions

Dividend Yield Analysis

MLPYX Category Low Category High MLPYX % Rank
Dividend Yield 0.00% 0.00% 19.43% 58.77%

Dividend Distribution Analysis

MLPYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Annual

Net Income Ratio Analysis

MLPYX Category Low Category High MLPYX % Rank
Net Income Ratio -1.23% -6.38% 9.57% 85.05%

Capital Gain Distribution Analysis

MLPYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

MLPYX - Fund Manager Analysis

Managers

Brian D. Watson


Start Date

Tenure

Tenure Rank

Mar 31, 2010

9.09

9.1%

Brian Watson serves as portfolio manager for SteelPath Alpha, Income, Select 40, Alpha Plus, Panoramic and Focused MLP strategies. Prior to joining SteelPath in 2009, Brian was a portfolio manager and led the MLP research effort at Swank Capital LLC, in Dallas, Texas. He also covered the MLP and Diversified Energy sectors for RBC Capital Markets in the firm’s Equity Research Division from 2002 to 2005. Prior to this, Brian worked for Prudential Capital Group, helping to analyze, structure, and invest in debt private placements issued primarily by companies involved in the energy industry including those involved in oil field services, midstream services, and oil and gas exploration and production. Brian holds a BBA from the University of Texas at Austin and an MBA from the McCombs School of Business at the University of Texas at Austin. He is also a CFA charter holder.

Stuart Cartner


Start Date

Tenure

Tenure Rank

Mar 31, 2010

9.09

9.1%

Stuart Cartner serves as portfolio manager for SteelPath Alpha, Income, Select 40, Alpha Plus, Focused MLP, and MLP & Energy Infrastructure strategies. Prior to joining SteelPath, Stuart was Vice President in the Private Wealth Management Division of Goldman, Sachs & Co. As a Private Wealth Advisor for nineteen years at Goldman, he was responsible for managing a $200 million portfolio of midstream Master Limited Partnerships for over a decade. Prior to his time at Goldman, Stuart worked at Trammell Crow Company and General Electric. Stuart holds a B.S. in Finance and Management from Indiana University and an MBA in Finance and Marketing with Distinction from the Kellogg Graduate School of Management, Northwestern University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 15.78 7.81 12.18