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Oppenheimer SteelPath MLP Income A (MLPDX) Fund Ranking and Research

Ranking, Research and Recommendation of Oppenheimer SteelPath MLP Income A (MLPDX) Fund

    Last Trade: $11.04 on 4/23/2014, Change: -0.02 (-0.18%)

 

Graph of Oppenheimer SteelPath MLP Income A Fund (MLPDX) ManagerFund Manager - Brian Watson

Fund Manager Information

Fund Manager Tenure: 4.1 years
Similar Funds: MLPAX  MLPFX  MLPOX  MLPTX  MLPYX  MLPZX 
Fund Family: OppenheimerFunds
Fund Category: Equity Energy
Fund Performance: Mar 30, 2014
Fundmojo Fund Grade: A+ (Score: 0.8)     (What does this score mean?)

 

Graph of Oppenheimer SteelPath MLP Income A Fund (MLPDX) ProfileOppenheimer SteelPath MLP Income A Fund (MLPDX) Profile

Fund Profile and Description

Oppenheimer SteelPath MLP Income A Fund seeks to generate a high level of inflation-protected current income, primarily through investments in the larger, more liquid energy Master Limited Partnerships (“MLPs”). Oppenheimer SteelPath MLP Income A Fund seeks to provide its shareholders with a high level of current income through the energy MLP asset class, while removing the obstacles of federal and state K-1 and UBTI filing obligations, while providing portfolio transparency, and daily Net-Asset-Value and liquidity. It invests at least 90% of net assets in the equity securities of larger, more liquid energy MLPs that derive the majority of their revenue from activities in the energy industry. Oppenheimer SteelPath MLP Income A Fund is non-diversified.

 

Oppenheimer SteelPath MLP Income A (MLPDX) Fund Strength What we like about Oppenheimer SteelPath MLP Income A (MLPDX) Fund

Data for Oppenheimer SteelPath MLP Income A Fund (MLPDX) as of Mar 30, 2014

  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) management has been with Oppenheimer SteelPath MLP Income A Fund for 4.1 years
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has good mid-term performance (3-year return 6.57% vs 0.80% Equity Energy category median performance)
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) ratio of up-years vs down years is greater than 2
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has a Morningstar rating of 4 and above
  • Asset base in Oppenheimer SteelPath MLP Income A Fund (MLPDX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has an annual stock turnover rate of 4.00% vs Equity Energy average of 52.63%. It is good that Oppenheimer SteelPath MLP Income A management does not trade extensively for its return.
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) is less volatile than its peers as it has a 3-year Standard Deviation of 8.7, lower than category average of 20.15
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has a lower expense ratio than its Equity Energy average: 1.35% vs 1.55%

Oppenheimer SteelPath MLP Income A Fund (MLPDX) Weakness What we are cautious about Oppenheimer SteelPath MLP Income A (MLPDX) Fund

Data for Oppenheimer SteelPath MLP Income A Fund (MLPDX) as of Mar 30, 2014

  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has a less-than-ideal short-term performance (1-year return 7.89% vs 14.58% Equity Energy category median performance)
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) carries a 5.75% load
See Oppenheimer SteelPath MLP Income A Fund (MLPDX) performance details as of Mar 30, 2014

 

What do you think?

 

Compare Oppenheimer SteelPath MLP Income A Fund (MLPDX)Compare with other top Equity Energy category mutual funds

Aadditional top Equity Energy mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Oppenheimer SteelPath MLP Income A-0.237.896.570
Cushing MLP Premier A (CSHAX)3.3412.608.110Compare
Fidelity Select Natural Gas Portfolio (FSNGX)6.5920.284.0715.90Compare
Integrity Williston Bsn/Md-N Amer Stk A (ICPAX)5.4122.856.6423.36Compare

See top fund managers for Equity Energy Category Funds

 

Compare Oppenheimer SteelPath MLP Income A Fund (MLPDX)Compare with Equity Energy category ETFs

Some Equity Energy ETFs for your consideration

ETFYear to DateOne YearThree Year
Morgan Stanley Cushing MLP Hi Income ETN (MLPY)-2.09%6.25%7.40%
ALPS Alerian MLP ETF (AMLP)0.85%5.98%9.10%
Guggenheim Canadian Energy Income (ENY)4.25%3.08%-9.92%
First Trust ISE-Revere Natural Gas Idx (FCG)6.22%23.48%-3.53%
iShares Dow Jones US Oil Equipment Index (IEZ)5.75%20.25%0.92%

 

Graph of Oppenheimer SteelPath MLP Income A Fund (MLPDX) Net Asset TrackingOppenheimer SteelPath MLP Income A (MLPDX) Fund Net Asset

Track net asset change of Oppenheimer SteelPath MLP Income A fund (MLPDX)

DateNet Asset
03/2014$3.52B
02/2014$3.34B
01/2014$3.20B
More historic net asset information on Oppenheimer SteelPath MLP Income A Fund (MLPDX)

  

Graph of Oppenheimer SteelPath MLP Income A Fund (MLPDX) Portfolio TrackingOppenheimer SteelPath MLP Income A (MLPDX) Fund Portfolio Allocation

Track portfolio allocation change of Oppenheimer SteelPath MLP Income A fund (MLPDX)

DateCashStockBondOther
03/20142.34%96.82%0%0.85%
12/20131.1%97.16%0%1.75%
09/20133.55%95.24%0%1.21%
Click here to see more historic asset allocation information on Oppenheimer SteelPath MLP Income A Fund (MLPDX)

 

graph of Oppenheimer SteelPath MLP Income A Fund (MLPDX) Top 10 Position TrackingTop 10 Holdings in Oppenheimer SteelPath MLP Income A (MLPDX) Fund

Discover what Oppenheimer SteelPath MLP Income A Fund (MLPDX) manager is buying

Mar 30, 2014
Regency Energy Partners LP Comm [8.31%]
Williams Partners L.P. Common U [8.12%]
Energy Transfer Partners, L.P. [7.27%]
Enbridge Energy, L.P. Class A C [7.03%]
El Paso Pipeline Partners LP Co [5.68%]
Crestwood Midstream Partners LP [5.61%]
TC PipeLines, LP Common Units r [5.21%]
EnLink Midstream Partners, LP C [4.97%]
Buckeye Partners L.P. Common St [4.76%]
Nustar Energy L.P. Common Unit [4.6%]

Dec 30, 2013
Energy Transfer Partners, L.P. [8.52%]
Williams Partners L.P. Common U [7.27%]
Enbridge Energy, L.P. Class A C [7.04%]
Crestwood Midstream Partners LP [6.31%]
TC PipeLines, LP Common Units r [5.77%]
Crosstex Energy, L.P. [5.17%]
Buckeye Partners L.P. Common St [5.17%]
Regency Energy Partners LP Comm [4.61%]
Boardwalk Pipeline Partners LP [4.43%]
Exterran Partners, L.P. [4.27%]

Sep 29, 2013
Energy Transfer Partners, L.P. [8.18%]
Enbridge Energy, L.P. Class A C [7.67%]
TC PipeLines, LP Common Units r [6.36%]
Regency Energy Partners LP Comm [6.22%]
Boardwalk Pipeline Partners LP [6.16%]
Williams Partners L.P. Common U [5.43%]
Buckeye Partners L.P. Common St [4.69%]
Exterran Partners, L.P. [4.4%]
PVR Partners, L.P. [4.36%]
Martin Midstream Partners L.P. [4.21%]
Click here for Stock Holding Change Map in Oppenheimer SteelPath MLP Income A Fund (MLPDX)

  

Latest News on Oppenheimer SteelPath MLP Income A (MLPDX) Fund

See what is happening with Oppenheimer SteelPath MLP Income A Fund (MLPDX)

 

Oppenheimer SteelPath MLP Income A Fund (MLPDX) Related ResourcesSee more information on Oppenheimer SteelPath MLP Income A (MLPDX) Fund

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