T. Boone Pickens BP Capital TwinLine® Energy Fund Achieves #1 Rank in Morningstar Category

DALLAS, Sept. 24, 2015 /PRNewswire/ -- BP Capital Fund Advisors, an asset management firm chaired by T. Boone Pickens and focused exclusively on energy, announced that the BP Capital TwinLine Energy Fund was ranked #1 for 2014 by Morningstar among 104 funds in the Equity Energy category. Both the BP Capital TwinLine Energy Fund and BP Capital TwinLine MLP Fund have continued to grow and perform well in 2015.

Since their launch December 31, 2013, both the BP Capital TwinLine Energy Fund (BPEIX) and the BP Capital TwinLine MLP Fund (BPMIX) have outperformed their benchmarks, the S&P N. America Natural Resources Index and the Alerian MLP Index, respectively. Please click here for more information about BP Capital Fund Advisors, energy performance details and to hear our view on previous cycles which offer insight for what the future may hold.

"We are grateful for the performance we achieved in the TwinLine Funds over the course of a challenging 2^nd half of 2014 and in 2015 within energy," said Toby Loftin, Managing Principal at BP Capital Fund Advisors. 

Barron's reported earlier this year how the BP Capital TwinLine Energy Fund did well compared to its peers during the oil price selloff at the end of 2014 and beginning of 2015:  "At the start of 2014, around 40% of the portfolio was in upstream companies," says co-manager Mark Laskin. As oil prices slid, the managers shifted to refineries and other downstream stocks. In recent months they've boosted exposure again to upstream stocks, after seeing bargains in the selloff. "We're focusing on companies with the financial ability to withstand falling oil prices," says Laskin.

Check out www.bpcfunds.com for more detailed performance information.

IMPORTANT RISKS AND DISCLOSURES
Investors should consider the investment objective, risks, charges, and expenses of the BP Capital TwinLine Funds carefully before investing. A prospectus with this and other information about the Funds may be obtained by calling 1-855-40-BPCAP (1-855-402-7227). Please read the prospectus carefully before investing.

As with any mutual fund, it is possible to lose money by investing in the Funds. The Funds may invest a large percentage of their assets in a small number of issuers, potentially exposing them to greater loss than a more diversified portfolio. Energy related companies are subject to special risks, such as fluctuations in commodity prices and consumer demand, substantial government regulation, and depletion of reserves.

Unlike a traditional mutual fund, the MLP Fund is taxed as an ordinary ("C") corporation, meaning the Fund will pay federal income tax on its taxable income instead of passing on its income and loss to shareholders, and the Fund will not benefit from favorable tax rates on long-term capital gains.

The MLP Fund invests primarily in master limited partnerships (MLPs) and the Energy Fund may invest up to 25% of its assets in MLPs. MLP units may have abrupt price fluctuations and trading volume may be low. MLP general partners have the power to take actions that adversely affect the interests of unit holders. The amount and tax characterization of cash available for distribution by an MLP depends upon the amount of cash generated by such entity's operations. Cash available for distribution by MLPs may vary widely from quarter to quarter and will be affected by various factors affecting the entity's operations. Currently, most MLPs do not pay federal income tax, but an adverse change in the tax code could reduce or eliminate distributions paid by MLPs to the Funds. The Funds expect that a significant portion of their distributions to shareholders will be characterized as "return of capital" because of their MLP investments. If the Energy Fund's MLP investments exceed 25% of its assets, the Fund may not qualify for treatment as a regulated investment company ("RIC") under the Internal Revenue Code and thus may be taxed as an ordinary corporation. The resulting corporate taxes could substantially reduce the Fund's net assets, the amount of income available for distribution and the amount of our distributions.

Each Fund may invest in securities issued by companies of any size and in initial public offerings, each of which may be more volatile and less liquid than securities issued by large companies or seasoned issuers. Each Fund may invest in debt securities rated below investment-grade, commonly known as high-yield securities or junk bonds. High-yield bonds have greater risk of default and downgrade, and may be more volatile and less liquid than investment-grade debt. The MLP Fund may invest in derivatives (futures, options, swaps) in order to enhance returns or reduce volatility, but which may have the opposite effects.

Morningstar rankings are based on total return and do not reflect a sales charge. As of 6/30/15, the BP Capital Twinline Energy Fund's Class I received a Morningstar ranking of 6 (out of 105) within the Equity Energy category.

One cannot invest directly in an index.

Distributed by Foreside Fund Services, LLC.

SOURCE BP Capital Fund Advisors

Related Links

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