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OSPPX Oppenheimer SteelPath MLP Alpha Plus I

4 lower fee alternatives found

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Fund OSPPX Oppenheimer SteelPath MLP Alpha Plus I MLPA Global X MLP ETF AMLP Alerian MLP ETF  
Similarity
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100% 90% 89%
Annual Fees
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$156.38
(1.48% Exp. Ratio)
$47.55
(0.45% Exp. Ratio)
$89.82
(0.85% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.67% annual return
$33,394.82 $45,623.12 $40,432.31
Est. savings over 30 yrs +$12,228.30 +$7,037.49
Return
As of 11/30/16
1 YR RETURN 7.21%
3 YR -6.47%
5 YR --
10 YR --
1 YR RETURN 15.34%
3 YR -4.97%
5 YR --
10 YR --
1 YR RETURN 10.39%
3 YR -4.18%
5 YR 1.91%
10 YR --
Description
The investment seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of master limited partnerships ("MLPs"). While the fund principally invests in Midstream MLPs, it may invest in MLPs that primarily derive their revenue from other energy infrastructure assets and energy related assets or activities. The fund may invest in MLPs of all market capitalization ranges. It is non-diversified.
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Infrastructure Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the performance of the energy infrastructure MLP asset class in the United States. The fund is non-diversified.
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index. The fund will normally invest at least 90% of its total assets in securities that comprise the underlying index. It generally will invest in all of the securities that comprise the underlying index in proportion to their weightings in the underlying index; however, under various circumstances, it may not be possible or practicable to purchase all of the securities in the underlying index in those weightings. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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