Master Limited Partnerships had a rough 2017 as the asset class disconnected with oil on the upswing. Brian and Greg bring their friend, Portfolio Manager and Head of Research for the SteelPath suite of OppenheimerFunds, Brian Watson, to provide his take on 2018 and address some of the headwinds that MLP’s faced this past year. Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value. Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by visiting Oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing. These views represent the opinions of OppenheimerFunds and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the publication date, and are subject to change based on subsequent developments. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. 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. Investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase volatility. 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. Additional management fees and other expenses are associated with investing in MLP funds. The mention of specific countries, currencies, companies, or sectors does not constitute a recommendation by any particular fund or by OppenheimerFunds, Inc.