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MLPYX Oppenheimer SteelPath MLP Select 40 W

  • Fund
  • MLPYX
  • Price as of: Dec 15, 2017
  • $8.59
  • - $0.05
  • - 0.58%
  • Category
  • MLPs

MLPYX - Profile

Vitals

  • YTD Return -11.9%
  • 3 Yr Annualized Return -6.5%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $3.12 B
  • Holdings in Top 10 45.4%

52 WEEK LOW AND HIGH

$8.59
$8.20
$10.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$500

Investment Themes

CATEGORY

MLPs
  • Fund Type Open End Mutual Fund
  • Investment Style Energy Limited Partnership

Distributions

  • YTD Total Return -11.9%
  • 3 Yr Annualized Total Return -6.5%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.88%
DIVIDENDS
  • Dividend Yield 0.7%
  • 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 (%) Quintile
YTD -11.9% -32.1% -5.3% 26.39% 2
1 Yr -3.7% -69.5% -0.7% 13.89% 1
3 Yr -6.5% * -28.3% -5.7% 5.80% 1
5 Yr 1.6% * -12.4% 4.3% 11.63% 1
10 Yr N/A * N/A N/A N/A N/A

* Annualized


Return Ranking - Calendar

Period MLPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 6.2% -57.5% 39.2% 84.06% 5
2015 -25.8% -57.7% -25.7% 2.94% 1
2014 0.8% -4.8% 9.9% 67.69% 4
2013 15.8% 9.3% 29.8% 39.47% 2
2012 -3.4% -7.2% 7.5% 55.17% 3

Total Return Ranking - Trailing

Period MLPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -11.9% -32.1% -5.3% 26.39% 2
1 Yr -3.7% -69.5% -0.7% 8.33% 1
3 Yr -6.5% * -28.3% -5.7% 4.35% 1
5 Yr 1.6% * -12.7% 4.3% 11.63% 1
10 Yr N/A * N/A N/A N/A N/A

* Annualized


Total Return Ranking - Calendar

Period MLPYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 14.3% -57.5% 43.1% 85.51% 5
2015 -22.6% -57.2% -22.5% 2.94% 1
2014 7.9% 2.9% 15.6% 67.69% 4
2013 30.5% 15.9% 42.7% 47.37% 3
2012 4.5% -0.7% 22.3% 55.17% 3

NAV & Total Return History

MLPYX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

MLPYX Category Low Category High MLPYX % Rank Quintile
Net Assets 3.12 B 557 K 3.5 B 4.17% 1
Number of Holdings 49 22 66 5.56% 1
Net Assets in Top 10 1.49 B 7.33 M 2.21 B 6.94% 2
Weighting of Top 10 45.4% 33.3% 93.4% 30.56% 5

Top 10 Holdings

  1. Buckeye Partners LP 5.19%
  2. Energy Transfer Partners LP 5.52%
  3. Magellan Midstream Partners LP 3.90%
  4. Holly Energy Partners LP 4.13%
  5. Genesis Energy LP 4.18%
  6. MPLX LP Partnership Units 4.86%
  7. Tallgrass Energy Partners LP 3.85%
  8. Energy Transfer Equity LP 5.33%
  9. Tallgrass Energy GP LP A 4.68%
  10. Sunoco LP 3.79%

Asset Allocation

Weighting Category Low Category High MLPYX % Rank Quintile
Stocks
101.30% 73.68% 126.98% 2.78% 1
Preferred Stocks
1.25% 0.00% 1.25% 1.39% 1
Convertible Bonds
0.00% 0.00% 3.97% 9.72% 3
Cash
0.00% -0.06% 4.67% 26.39% 4
Bonds
0.00% 0.00% 20.11% 5.56% 2
Other
-2.55% -26.98% 7.89% 13.89% 5

Stock Sector Breakdown

Weighting Category Low Category High MLPYX % Rank Quintile
Energy
98.74% 65.91% 124.11% 8.33% 2
Industrials
1.87% 0.00% 10.99% 13.89% 2
Basic Materials
0.69% 0.00% 2.86% 4.17% 1
Utilities
0.00% 0.00% 7.25% 16.67% 3
Technology
0.00% 0.00% 0.00% 1.39% 2
Real Estate
0.00% 0.00% 1.80% 4.17% 2
Healthcare
0.00% 0.00% 0.00% 1.39% 2
Financial Services
0.00% 0.00% 0.00% 1.39% 2
Communication Services
0.00% 0.00% 0.00% 1.39% 2
Consumer Defense
0.00% 0.00% 0.00% 1.39% 2
Consumer Cyclical
0.00% 0.00% 0.00% 1.39% 2

Stock Geographic Breakdown

Weighting Category Low Category High MLPYX % Rank Quintile
US
99.19% 69.44% 126.98% 5.56% 1
Non US
2.11% 0.00% 26.95% 19.44% 3

MLPYX - Expenses

Operational Fees

MLPYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.99% 0.80% 7.62% 84.72% 1
Management Fee 0.70% 0.70% 1.25% 11.11% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.03% 0.20% N/A N/A

Sales Fees

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

Trading Fees

MLPYX Fees (% of AUM) Category Low Category High MLPYX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover 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 Low Category High MLPYX Rank Quintile
Turnover 10.00% 8.00% 139.00% 29.17% 1

MLPYX - Distributions

Dividend Yield Analysis

MLPYX Category Low Category High MLPYX % Rank Quintile
Dividend Yield 0.7% 0.02% 1.48% 13.89% 2

Dividend Distribution Analysis

MLPYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Semi-Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MLPYX Category Low Category High MLPYX % Rank Quintile
Net Income Ratio -0.88% -4.60% 8.30% 54.17% 3

Capital Gain Distribution Analysis

MLPYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Annually Annually

MLPYX - Managers

Brian D. Watson

Manager

Start Date

Mar 31, 2010

Tenure

7.67

Tenure Rank

0.5%

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

Manager

Start Date

Mar 31, 2010

Tenure

7.67

Tenure Rank

0.5%

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

0.5

Category High

7.7

Category Average

5.05

Category Mode

2.9