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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: $11.51 on 7/23/2014, Change: +0.01 (0.09%)

 

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

Fund Manager Information

Fund Manager Tenure: 4.3 years
Similar Funds: MLPAX  MLPFX  MLPOX  MLPTX  MLPYX  MLPZX 
Fund Family: OppenheimerFunds
Fund Category: Energy Limited Partnership
Fund Performance: Jun 29, 2014
Fundmojo Fund Grade: A+ (Score: 0.82)     (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 Jun 29, 2014

  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) management has been with Oppenheimer SteelPath MLP Income A Fund for 4.3 years
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) ratio of up-years vs down years is greater than 2
  • 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 Energy Limited Partnership average of 39.24%. 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 8.65, lower than category average of 8.78
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has a lower expense ratio than its Energy Limited Partnership average: 1.35% vs 1.57%

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 Jun 29, 2014

  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) has a Morningstar rating of 3 and below
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) is less safe compared to its Energy Limited Partnership peers
  • Oppenheimer SteelPath MLP Income A Fund (MLPDX) carries a 5.75% load
See Oppenheimer SteelPath MLP Income A Fund (MLPDX) performance details as of Jun 29, 2014

 

What do you think?

 

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

Aadditional top Energy Limited Partnership mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Oppenheimer SteelPath MLP Income A8.3612.4710.410

See top fund managers for Energy Limited Partnership Category Funds

 

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

Some Energy Limited Partnership ETFs for your consideration

ETFYear to DateOne YearThree Year
Morgan Stanley Cushing MLP Hi Income ETN (MLPY)10.92%16.86%13.55%
ALPS Alerian MLP ETF (AMLP)10.18%13.23%12.53%

 

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
06/2014$4.28B
03/2014$3.52B
02/2014$3.34B
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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