SteelPath Hits Two-Year Mark for MLP Mutual Funds and Tops $2 Billion in AUM
Industry-Leading Suite of MLP Mutual Funds Increasingly Popular With Investors Seeking Income, Total Return Potential and Exposure to Energy Infrastructure Firms
DALLAS, April 2, 2012 /PRNewswire/ -- SteelPath Advisors, a leading investment manager of energy Master Limited Partnership (MLP) portfolios, announced the two-year anniversary of its series of MLP mutual funds, the SteelPath MLP Alpha (MLPOX), Income (MLPZX) and Select 40 (MLPTX) Funds. This series of portfolios were the first open-end mutual funds to provide access to the MLP asset class, and served as key drivers of SteelPath's growth to over $2 billion in assets under management over the last two years.
MLPs capitalize on the robust growth of U.S. energy production which has resulted from new technologies in drilling, an explosive increase in shale production of oil, natural gas and natural gas liquids and the resulting robust demand for additional energy infrastructure. MLPs are the companies that transport, process and store these natural resources. MLPs offer a compelling value proposition as an alternative income source as they typically earn "tolls" or "fees" and tend to be less volatile since they typically do not take ownership of the underlying commodities they handle.
"Investors are increasingly seeing the value in MLPs as a permanent allocation to their portfolios as a way to provide the potential for compelling yield, attractive total return potential and low correlation to the broader market," said Gabriel Hammond, CEO and Portfolio Manager, SteelPath. "We are excited about the SteelPath funds' performance, and believe it is truly a testament to our investment teams' capabilities."
SteelPath aims to deliver superior investment returns across all MLP products and to provide innovative investment solutions. As part of their expanded growth within the MLP marketplace, SteelPath recently launched two new funds, the MLP & Infrastructure Debt Fund (MLPWX) and the MLP Alpha Plus Fund (MLPNX) which follow the company's strategy of focusing on mid-stream MLPs.
SteelPath remains committed to supporting client needs and has subsequently expanded it investment team, key administrative personnel and its sales and marketing division. In addition to the already strong team in place, these new members bring dedicated support and a wealth of experience to continue to bolster the growth of the company.
For more information, please contact Jami Schlicher at 973-850-7309 or [email protected].
About SteelPath
SteelPath is a leading investment manager of Master Limited Partnership (MLP) portfolios. The firm has been investing in MLPs since 2004, and is based in Dallas, Texas. Products offered include mutual funds, separately managed accounts, and investment limited partnerships. SteelPath employs a fundamental, research-driven portfolio selection process to invest predominately in U.S. based energy infrastructure companies structured as MLPs. Energy infrastructure MLPs transport, store, and process liquid hydrocarbons and natural gas, and generate revenues largely through fee or fee-like contracts. MLPs will be tapped to build out the new infrastructure (pipelines, processing plants, terminals) to support the rapid growth in domestic energy production from non-traditional shale plays. SteelPath views these companies as having strong business models which potentially offer attractive investment opportunities given their consistent cash flow generations, ability to grow distributions and strong performance results. SteelPath's investment team has over 50 years of combined investment experience in the MLP asset class.
SteelPath's mutual fund platform seeks to provide portfolio diversification with high levels of current income, inflation protection and low correlation to other asset classes. For more information, please visit www.steelpath.com.
You should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or summary prospectus, that contains this and other information about the Funds, call 866-752-5444 or visit the Fund's website at www.steelpath.com. If you are a direct investor and would like to speak with a representative, please call 888-614-6614. Please read the prospectus, or summary prospectus, carefully before investing.
Risks of Investing: 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. Each Fund's investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase price fluctuation. 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. Some SteelPath Funds will be subject to certain MLP tax risks and risks associated with accounting for its deferred tax liability which could materially reduce the net asset value.
To the extent that a Fund obtains leverage through borrowings, there will be the potential for greater gains and the risk of magnified losses. Investing in debt securities involves additional risks including interest rate risk, credit risk and duration risk. High yield securities involve more risks than investment grade securities and tend to be more sensitive to economic conditions. Private equity investments may be subject to greater risks than investments in publicly traded companies due to limited public information and lack of regulatory oversight.
Funds distributed by UMB Distribution Services, LLC 803 W. Michigan, Milwaukee, WI 53233
SteelPath Fund Advisors © 2009-2010. All rights reserved.
CONTACT: |
Jami Schlicher |
JCPR |
|
973-850-7309 |
|
SOURCE SteelPath
Share this article