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OMLYX

SteelPath MLP & Energy Infrastructure Fund

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Overview

The strategy typically invests in midstream energy infrastructure.

Inception Date
November 6, 2017
Investment Style
MLP - Diversified
Fund Index
Alerian MLP Total Return Index
CUSIP
67629B402
NAV
  • A
(as of 01/16/2018)
$10.77
Total Assets
(as of 12/31/2017)
$10.50 MM
Gross Expense Ratio
(as of 12/31/2017)
1.70%
Net Expense Ratio
(as of 12/31/2017)
1.12%
Portfolio

Top Holdings

(60.9% of assets as of 12/31/2017)


Portfolio Holdings Breakdown

Equity Sector
Asset Allocation
Market Cap 6
Equity Sector SteelPath MLP & Energy Infrastructure Fund Alerian MLP Total Return Index Overweight / Underweight
Diversified 33.7% 17.9% 15.9%
Petroleum Transportation 26.7% 53.0% -26.3%
Natural Gas Pipelines 18.5% 11.3% 7.2%
Gathering & Processing 16.6% 11.6% 4.9%
Electric Utilities 1.9% - -
Multi-Utilities 1.9% - -
Asset Allocation SteelPath MLP & Energy Infrastructure Fund Alerian MLP Total Return Index Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Market Cap SteelPath MLP & Energy Infrastructure Fund Alerian MLP Total Return Index Overweight / Underweight
Mid 38.5% 61.7% -23.1%
Large 37.4% 16.9% 20.5%
Small 23.4% 21.5% 1.9%
Analytics
(As of 12/31/2017)

Dividends
  • B
Est. Frequency
Quarterly
Last Pay Date
12/21/2017
Per Share ($)
$0.0206
12-Month Distribution ($)
$0.0206
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
30.47
21.70
P/E Ratio (NTM)
22.14
16.45
Price/Book
2.63
1.71
Return on Equity
4.70%
10.47%
Distribution Sources
  • B
Net Income
86.00%
Net Profit from Sale
0.00%
Other Capital Sources
14.00%
Documents
  1. 1. This is a new fund with a limited operating history and an inception date of 11/06/17.
  2. 2. Index Definition: The Alerian MLP Index is a float-adjusted, capitalization-weighted index measuring master limited partnerships, whose constituents represent approximately 85% of total float-adjusted market capitalization. The index is unmanaged and cannot be purchased directly by investors.
  3. 3. Special Risks: Small and mid‐sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small‐sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile. Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The Fund may invest no more than 25% of total assets in MLPs. Energy infrastructure companies are subject to risks specific to the industry such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations which may result in erratic price movement or difficulty in buying or selling. Below‐investment‐grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. The Fund is classified as a “non‐diversified” fund and may invest a greater portion of its assets in the securities of a single issuer.
  4. 4. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  6. 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  7. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  8. B. There is no guarantee of the payment of any dividend or other distributions at any level.
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