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How MLP-Focused Funds Performed in May 2017

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Nov. 20 2020, Updated 3:34 p.m. ET

MLP funds underperformed SPY

In this article, we’ll analyze the performance of MLP-focused funds during May 2017. MLP-focused funds underperformed the SPDR S&P 500 ETF (SPY) during the month.

The performance of several MLP funds relative to SPY follow:

  • the Alerian MLP ETF (AMLP): -4.5%
  • the JPMorgan Alerian MLP ETN (AMJ): -6.0%
  • the UBS ETRACS Alerian MLP Infras ETN (MLPI): -5.9%
  • the Oppenheimer SteelPath MLP Select 40 A (MLPFX): -4.7%

The Oppenheimer SteelPath MLP Select 40 A is an MLP-focused open-ended fund.

Among MLP funds, exchange-traded notes fell the most while the exchange-traded funds declined the least. An MLP ETF and an ETN tracking the same index still differ in performance due to different tax consequences.

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