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EESYX

SteelPath Panoramic Fund

Overview

The Strategy typically invests across the upstream, midstream, and downstream sectors of the energy industry as well as other beneficiaries of North America’s energy renaissance.

Inception Date
November 18, 2015
Investment Style
Small-Mid Cap Growth & Income
Fund Index
S&P 500 Energy (Sector) Index
CUSIP
68385Q401
NAV
  • A
(as of 09/19/2018)
$10.58
Total Assets
(as of 08/31/2018)
$22.30 MM
Gross Expense Ratio
(as of 08/31/2018)
2.14%
Net Expense Ratio
(as of 08/31/2018)
1.30%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-06-30
  • C
1 yr since inception
SteelPath Panoramic Fund (NAV)
-0.56% 10.55% 2.89% 13.84% 2.60%
S&P 500 Energy (Sector) Index
0.71% 13.48% 6.81% 20.99% 7.46%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-08-31
  • C
1 yr since inception
SteelPath Panoramic Fund (NAV)
-2.39% -1.30% 2.12% 17.89% 2.16%
S&P 500 Energy (Sector) Index
-3.30% -1.23% 4.75% 22.10% 6.25%
Gross Expense Ratio: 2.14% | Net Expense Ratio: 1.30%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Year SteelPath Panoramic Fund S&P 500 Energy (Sector) Index
2016 27.38% 27.36%
2017 -8.46% -1.01%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Date SteelPath Panoramic Fund S&P 500 Energy (Sector) Index
8/31/2017 0.00 0.00
9/1/2017 0.89 0.88
9/5/2017 0.56 1.45
9/6/2017 1.67 3.11
9/7/2017 1.22 3.31
9/8/2017 -0.89 2.27
9/11/2017 0.00 3.31
9/12/2017 1.33 3.85
9/13/2017 3.56 5.13
9/14/2017 4.11 5.55
9/15/2017 4.33 5.82
9/18/2017 4.89 6.29
9/19/2017 5.11 6.68
9/20/2017 6.78 7.42
9/21/2017 6.67 7.35
9/22/2017 7.56 7.92
9/25/2017 9.78 9.51
9/26/2017 9.89 9.30
9/27/2017 10.11 9.82
9/28/2017 9.67 9.98
9/29/2017 9.67 9.94
10/2/2017 10.33 9.92
10/3/2017 10.33 9.83
10/4/2017 10.00 9.76
10/5/2017 10.89 10.20
10/6/2017 9.44 9.30
10/9/2017 9.44 9.58
10/10/2017 9.44 9.69
10/11/2017 9.89 9.95
10/12/2017 9.11 9.54
10/13/2017 8.67 9.48
10/16/2017 8.56 9.73
10/17/2017 8.44 9.82
10/18/2017 7.33 9.06
10/19/2017 6.56 8.72
10/20/2017 6.89 9.01
10/23/2017 4.78 8.37
10/24/2017 4.56 8.67
10/25/2017 3.44 7.93
10/26/2017 4.00 8.19
10/27/2017 6.22 8.40
10/30/2017 7.00 8.82
10/31/2017 7.89 9.21
11/1/2017 10.11 10.40
11/2/2017 8.56 10.05
11/3/2017 9.67 10.34
11/6/2017 13.33 12.77
11/7/2017 13.44 12.58
11/8/2017 12.11 12.13
11/9/2017 12.56 12.45
11/10/2017 12.33 11.83
11/13/2017 10.67 11.22
11/14/2017 7.33 9.51
11/15/2017 6.56 8.24
11/16/2017 6.56 7.81
11/17/2017 7.78 8.27
11/20/2017 7.33 8.08
11/21/2017 7.22 8.32
11/22/2017 8.00 8.79
11/24/2017 8.56 9.09
11/27/2017 6.67 7.97
11/28/2017 6.89 8.85
11/29/2017 7.22 9.44
11/30/2017 8.89 11.13
12/1/2017 10.22 12.02
12/4/2017 9.67 11.98
12/5/2017 8.56 11.45
12/6/2017 6.22 10.03
12/7/2017 7.33 10.39
12/8/2017 8.44 11.38
12/11/2017 9.89 12.18
12/12/2017 9.22 11.82
12/13/2017 8.67 11.66
12/14/2017 8.33 11.30
12/15/2017 8.11 11.28
12/18/2017 9.89 12.05
12/19/2017 10.00 12.17
12/20/2017 11.78 13.71
12/21/2017 13.67 16.08
12/22/2017 14.33 16.33
12/26/2017 15.89 17.29
12/27/2017 15.33 16.91
12/28/2017 15.89 17.02
12/29/2017 15.44 16.56
1/2/2018 17.78 18.64
1/3/2018 19.22 20.45
1/4/2018 20.11 21.17
1/5/2018 19.44 21.15
1/8/2018 20.00 21.86
1/9/2018 20.00 21.47
1/10/2018 19.56 21.35
1/11/2018 22.22 23.81
1/12/2018 23.11 25.00
1/16/2018 21.11 23.46
1/17/2018 21.33 24.52
1/18/2018 20.11 23.52
1/19/2018 20.56 23.41
1/22/2018 23.00 26.00
1/23/2018 23.56 25.81
1/24/2018 22.89 25.49
1/25/2018 21.22 24.52
1/26/2018 21.67 25.31
1/29/2018 19.56 23.37
1/30/2018 16.44 20.90
1/31/2018 16.11 21.00
2/1/2018 16.67 22.34
2/2/2018 12.56 17.29
2/5/2018 9.22 12.18
2/6/2018 10.89 12.99
2/7/2018 9.11 11.11
2/8/2018 4.44 7.80
2/9/2018 4.00 7.73
2/12/2018 6.67 9.54
2/13/2018 6.00 9.05
2/14/2018 8.78 10.58
2/15/2018 8.56 10.30
2/16/2018 8.00 10.05
2/20/2018 7.89 9.45
2/21/2018 6.00 7.63
2/22/2018 8.00 8.80
2/23/2018 10.67 11.19
2/26/2018 10.78 11.92
2/27/2018 9.00 10.44
2/28/2018 6.33 7.91
3/1/2018 6.67 7.74
3/2/2018 7.67 8.17
3/5/2018 9.67 9.33
3/6/2018 9.22 9.39
3/7/2018 8.22 8.48
3/8/2018 8.00 8.42
3/9/2018 10.22 10.53
3/12/2018 10.56 10.47
3/13/2018 9.78 9.68
3/14/2018 9.11 8.97
3/15/2018 7.00 8.52
3/16/2018 8.33 9.62
3/19/2018 5.67 7.77
3/20/2018 6.33 8.67
3/21/2018 9.89 11.53
3/22/2018 7.67 9.26
3/23/2018 6.89 8.61
3/26/2018 8.33 10.53
3/27/2018 6.33 9.57
3/28/2018 5.22 7.39
3/29/2018 7.44 9.71
4/2/2018 4.00 7.52
4/3/2018 5.89 9.81
4/4/2018 5.56 9.66
4/5/2018 7.67 11.65
4/6/2018 5.00 9.60
4/9/2018 5.11 10.11
4/10/2018 9.67 13.76
4/11/2018 11.67 14.95
4/12/2018 11.78 14.94
4/13/2018 12.78 16.20
4/16/2018 14.11 17.38
4/17/2018 15.22 17.85
4/18/2018 17.44 19.67
4/19/2018 17.33 19.84
4/20/2018 17.00 19.23
4/23/2018 18.00 19.96
4/24/2018 16.22 18.67
4/25/2018 17.67 19.64
4/26/2018 18.89 21.44
4/27/2018 17.89 20.02
4/30/2018 18.78 19.97
5/1/2018 18.44 19.31
5/2/2018 18.89 19.78
5/3/2018 17.44 19.50
5/4/2018 18.78 20.04
5/7/2018 19.56 20.26
5/8/2018 20.56 21.19
5/9/2018 22.11 23.66
5/10/2018 22.22 24.67
5/11/2018 21.56 24.86
5/14/2018 22.22 25.65
5/15/2018 22.44 25.70
5/16/2018 23.44 26.19
5/17/2018 25.56 28.03
5/18/2018 24.56 27.03
5/21/2018 25.89 28.27
5/22/2018 23.89 26.63
5/23/2018 23.00 26.63
5/24/2018 21.44 24.51
5/25/2018 18.56 21.27
5/29/2018 18.33 20.88
5/30/2018 21.56 24.65
5/31/2018 19.44 23.62
6/1/2018 19.44 24.29
6/4/2018 17.56 23.14
6/5/2018 17.67 22.79
6/6/2018 17.78 23.49
6/7/2018 19.56 25.47
6/8/2018 18.67 25.24
6/11/2018 19.11 25.69
6/12/2018 18.78 24.76
6/13/2018 18.22 24.25
6/14/2018 17.33 23.99
6/15/2018 14.56 21.38
6/18/2018 16.33 22.75
6/19/2018 16.22 22.42
6/20/2018 17.33 22.94
6/21/2018 15.00 20.57
6/22/2018 18.67 23.23
6/25/2018 15.89 20.52
6/26/2018 17.78 22.20
6/27/2018 19.11 23.84
6/28/2018 18.67 23.69
6/29/2018 18.78 24.49
7/2/2018 17.11 22.57
7/3/2018 18.11 23.45
7/5/2018 18.33 23.26
7/6/2018 20.00 24.08
7/9/2018 22.00 25.91
7/10/2018 21.89 26.84
7/11/2018 19.33 24.12
7/12/2018 19.67 24.36
7/13/2018 20.11 25.06
7/16/2018 18.00 23.59
7/17/2018 18.00 23.12
7/18/2018 18.67 23.16
7/19/2018 19.44 23.13
7/20/2018 18.67 22.74
7/23/2018 18.00 22.25
7/24/2018 18.67 23.86
7/25/2018 19.56 24.98
7/26/2018 21.00 26.22
7/27/2018 19.44 25.58
7/30/2018 20.89 26.67
7/31/2018 20.78 26.26
8/1/2018 19.11 24.58
8/2/2018 20.00 23.93
8/3/2018 18.89 23.39
8/6/2018 19.89 23.83
8/7/2018 19.78 24.72
8/8/2018 18.67 23.77
8/9/2018 18.56 22.68
8/10/2018 19.00 23.30
8/13/2018 16.56 21.80
8/14/2018 17.33 22.13
8/15/2018 12.78 17.86
8/16/2018 13.56 18.77
8/17/2018 14.33 19.09
8/20/2018 15.44 19.91
8/21/2018 16.33 20.50
8/22/2018 18.11 21.95
8/23/2018 17.78 21.31
8/24/2018 18.89 22.27
8/27/2018 19.33 23.17
8/28/2018 18.44 22.62
8/29/2018 19.33 23.39
8/30/2018 18.78 23.00
8/31/2018 17.89 22.10

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 09/19/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Holdings

(24.9% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Equity Sector
Asset Allocation
Market Cap 4
Equity Sector SteelPath Panoramic Fund S&P 500 Energy (Sector) Index Overweight / Underweight
Exploration & Production 48.1% 29.9% 18.1%
Equipment & Services 15.1% 12.1% 3.0%
Midstream 14.3% 6.6% 7.6%
Refining 11.0% 12.0% -1.1%
Transportation & Industrial 5.6% - -
Chemicals 5.6% - -
Asset Allocation SteelPath Panoramic Fund S&P 500 Energy (Sector) Index Overweight / Underweight
Equity 99.6% 100.0% -0.4%
Market Cap SteelPath Panoramic Fund S&P 500 Energy (Sector) Index Overweight / Underweight
Large 48.1% 92.0% -43.8%
Mid 33.9% 8.0% 25.9%
Small 17.6% - -
Analytics
(As of 08/31/2018)

Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$25.49 B
$143.59 B
Median Market Cap (weighted)
$13.57 B
$85.33 B
P/E Ratio (LTM)
68.09
26.58
P/E Ratio (NTM)
17.19
16.56
Price/Book
2.09
2.01
Return on Equity
2.40%
8.19%
Turnover Ratio
38%
-
Active Share
71.52%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/21/2015
Per Share ($)
$0.0039
Distribution Sources
  • D
Net Income
67.80%
Net Profit from Sale
0.00%
Other Capital Sources
32.20%
Documents
  1. 1. Small-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.
  2. 2. The S&P 500® Energy (Sector) Index comprises those companies included in the S&P 500 that are classified as members of the GICS® energy sector. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  3. 3. Holdings are subject to change, and are dollar weighted based on total new 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.
  4. 4. 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.
  5. 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.
  6. B. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  7. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  8. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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