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SteelPath Fund Advisors Announces Annual Update Call For SteelPath MLP Funds

DALLAS, Jan. 24, 2011 /PRNewswire/ -- SteelPath Fund Advisors announced today a update call for institutional investors regarding the SteelPath MLP Alpha Fund (Nasdaq: MLPAX, MLPOX), the SteelPath MLP Income Fund (Nasdaq:  MLPDX, MLPZX), and the SteelPath MLP Select 40 Fund (Nasdaq: MLPFX, MLPTX, MLPYX). The Funds' portfolio managers will review the market and fund performance for the year 2010.

The call will be held on Thursday, January 27, 2011 at 3:30 p.m. CST and will conclude with a question and answer session. This call is open to institutional investors only. Investors can receive dial-in information by registering at the link below.

SteelPath Mutual Fund Call Registration ( https://jsp.premiereglobal.com/webrsvp/register?conf_id=5948868)

The SteelPath MLP Funds focus on energy infrastructure MLPs. This asset class consists of companies that own and operate the physical assets that transport crude oil, refined petroleum products, and natural gas, such as pipelines, as well as the associated storage facilities. These energy infrastructure services are typically provided on a fee or fee-like basis resulting in minimal exposure to commodity prices.

Master Limited Partnerships, or MLPs, are primarily engaged in the transportation, storage, or processing, of natural resources such as crude oil and natural gas. By confining their operations to these specific activities, they are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level income taxation. More than two-thirds trade on the New York Stock Exchange, with the remainder on the NASDAQ. MLPs must make public filings with the Securities and Exchange Commission and must file 10-Ks, 10-Qs, and notices of material changes like any publicly traded corporation. MLPs are subject to the record keeping and disclosure requirements of the Sarbanes-Oxley Act. For more information on MLPs, please see www.steelpath.com

About SteelPath Fund Advisors

SteelPath Advisors is an SEC-registered investment advisor that manages portfolios exclusively focused on the energy infrastructure Master Limited Partnership asset class. SteelPath focuses on fundamental analysis in this emerging asset class, combining its bottoms-up, private-equity investment process with a risk management philosophy designed to preserve capital and mitigate portfolio volatility. The firm's mutual fund platform seeks to provide a portfolio diversification tool with high levels of current income, inflation protection, and low correlation to other asset classes. For more information, please visit www.steelpath.com.

A fund's investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Fund. To obtain a prospectus, contact your financial professional, call SteelPath Funds at 1-888-614-6614 or visit our web site at www.steelpath.com. Please read the prospectus carefully before investing or sending money.

Returns of capital are non-taxable distributions.  The return of capital distribution is a distribution that does not come out of the earnings and profits and is a return of your investment, or capital, in the Fund. Because a return of capital is a return of part of your investment, it is not taxable. Instead, the distribution reduces your basis in the shares. Your basis cannot be reduced below zero. If your basis is zero, you must report the return of capital distribution on your tax return as a capital gain.  Return of capital distributions are not the same as tax-exempt dividends.  Tax matters are complicated and the tax consequences of an investment in and holding the Fund's shares will depend on the particular investor's situation.  You are advised to consult your own tax advisor with respect to your own circumstances with respect to federal, state, local or foreign tax consequences to you before making an investment in the Fund's shares.  

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