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Close The New 60/40

The New 60/40:
Putting growth, income
and protection* to work for you

Investors need a forward-thinking portfolio designed for the opportunities and problems they face today. With this in mind, OppenheimerFunds has created a model portfolio that, while not exhaustive, helps to provide potential solutions by matching our funds to this strategy. The New 60/40 is about building a portfolio that addresses the need for growth, real income and aims to manage specific risks.

More for Advisors More for Investors

*Protection is positioned as an investment goal. Investing in certain securities may help to hedge against certain risks, but does not imply any guarantee from loss. Mutual funds are subject to market risk and volatility. Shares may gain or lose value.

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  • SteelPath Alpha MLP Fund (MLPAX)

  • Alternative

  • Equity Energy

SteelPath MLP Alpha Fund (MLPAX) Class A Shares
 
Morningstar Rating 0  
As of 6/30/2013 among 88
Equity Energy Funds,
based on risk
adjusted performance
This fund seeks to provide both growth and income through investments in U.S. energy infrastructure companies structured as MLPs. We believe these companies provide a unique and compelling risk to reward balance. The manager believes the renaissance in shale-driven oil and gas production appears likely to keep creating significant growth opportunities for these lower risk operators.
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’s investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase volatility. 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. MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment including the risk that an MLP could lose its tax status as a partnership. Additional management fees and other expenses are associated with investing in MLP funds. The Fund is subject to certain MLP tax risks. Risks associated with accounting for deferred tax liability could materially impact the net asset value. An investment in the Fund does not offer the same tax benefits of a direct investment in an MLP.
The Fund is organized as a Subchapter "C" Corporation which means that it will pay federal, state and local income taxes at a corporate rate based on its taxable income. The potential benefit of investing in MLPs generally is their treatment as partnerships for federal income tax purposes. Since the Fund is a corporation, it will be taxed at the fund level which in turn will reduce the net asset value and the amount of cash available for distribution.
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. Distributions from MLP funds have been classified as "return of capital" which reduces the investor's adjusted cost basis.

The multi-taskers in a portfolio

Don't think of funds as playing just one role in your portfolio. When you think in terms of growth, income and protection* against certain risks, some funds can turn into multi-taskers. Senior Economist Brian Levitt gives examples of asset classes that can check more than one box.

Quick Fact

55% of investors agree that today's environment requires a different approach.

Source: OFI Investor Sentiment Survey, March 2013.

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* Protection is positioned as an investment goal. Investing in certain securities may help to hedge against certain risks, but does not imply any guarantee from loss. Mutual funds are subject to market risk and volatility. Shares may gain or lose value.

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