Today’s Update

Portfolio Managers

Toby Loftin

Toby Loftin

Managing Principal & PM
Trip Rodgers, CFA

Trip Rodgers, CFA

Portfolio Manager
Tim Dumois

Tim Dumois

Portfolio Manager
431862264329

BP Capital TwinLine Energy Fund

The BP Capital TwinLine Energy Fund (the “BP Energy Fund” or the “Fund”) seeks total return, and trades under the following symbols:

  • BP Capital TwinLine Energy Fund – Class A: BPEAX
  • BP Capital TwinLine Energy Fund – Class I: BPEIX

The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in publicly traded equity and debt securities of U.S. energy companies and companies we believe will benefit from global energy market dynamics. The Advisor considers U.S. energy companies to be companies operating in the United States that are involved in specific types of activities related to the production, transmission, supply and distribution of all sources of energy.

Fund Characteristics

  • Invests across the full spectrum of the energy value chain—a balanced approach to investing in energy
  • Form 1099
  • Daily liquidity at NAV
  • IRA/401(k) eligible (No UBTI)*

* Master Limited Partnerships (MLPs) and MLP investments have unique tax characteristics. In general, an investment in the Fund will not generate unrelated business taxable income (UBTI) for tax-exempt U.S. investors. Neither the Fund nor the investment adviser provide tax advice. Please consult your tax advisor before making an investment. The Fund does not receive the same tax benefits of a direct investment in an MLP.

Top Ten Holdings (as of 09/30/2018)

Up to 25% of the Fund’s net assets may be invested in energy-related MLPs and another 25% in debt securities rated below investment-grade, commonly known as high-yield securities or junk bonds. The Fund may invest in debt of any maturity or duration.

wdt_ID Company % Of Net Assets
1 Quanta Services Inc. 3.49
2 Occidental Petroleum Corp. 3.34
3 Pioneer Natural Resources Co. 3.35
4 Anadarko Petroleum Corp. 3.84
5 WPX Energy Inc. 4.03
6 Diamondback Energy Corp 3.98
7 Nutrien Ltd. 3.44
8 Parsley Energy Inc-Class A 3.99
9 Propetro Holding Corp. 3.34
10 Timken Co. 3.44

Sector Weightings (as of 09/30/2018)

Returns (as of 09/30/2018)

wdt_ID Fund QTD YTD 1 Year 3 Year Since Inception
1 TwinLine Energy Fund (BPEIX) -0.09 2.27 12.14 13.63 2.27
2 S&P North American Natural Resources Index (SPGINRTR) -2.05 3.13 9.25 10.29 -1.44
3 S&P 500 Energy Index (S5ENRS) 0.61 7.47 13.93 10.73 -0.31

Calendar Year Performance (as of 09/30/2018)

Fund wdt_ID 2014 2015 2016 2017
TwinLine Energy Fund (BPEIX) 1 -1.75 -24.41 43.33 2.17
S&P North American Natural Resources Index (SPGINRTR) 2 -9.79 -24.28 30.87 1.21
S&P 500 Energy Index (S5ENRS) 3 -7.79 -21.12 27.36 -1.01
Inception Date December 31, 2013.  Returns quoted represent past performance, which does not guarantee future results. Current returns may be lower or higher. Returns shown for more than 1-Year are annualized. Performance current to the most recent month-end may be obtained by calling 1-855-40-BPCAP (1-855-402-7227). Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The Fund’s total annual gross operating expenses for Class I is 1.63%. Returns for Class A are different due to different charges and expenses.

Definitions and Disclosures

S&P 500 Index – The S&P 500 is a gauge of large cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P N. America Natural Resources Index – The S&P North American Natural Resources Index provides investors with a benchmark that represents U.S. traded securities that are classifed under the GICS® energy and materials sector excluding the chemicals industry; and steel sub-industry. One cannot invest directly in an index.

Please review the fund Prospectus, Fact Sheet, Summary Prospectus, SAI and Risks for more information. The Funds disclose their Top 10 holdings on their website within 30 days of the calendar quarter end.

 

The BP Capital TwinLine Energy Fund (“Fund”) is registered under the Investment Company Act of 1940 as a non-diversified open-end management investment company, commonly known as a mutual fund. The Fund seeks total return, primarily by investing in publicly-traded equity and debt securities of U.S. energy companies involved in the extraction, processing, distribution or use of natural gas, oil and coal. The Fund may invest in companies of any size and in initial public offerings. Up to 25% of the Fund’s net assets may be invested in energy-related master limited partnerships (“MLPs”), and another 25% in debt securities rated below investment-grade, commonly known as high-yield securities or junk bonds. The Fund may invest in debt of any maturity or duration.

As with any mutual fund, it is possible to lose money by investing in the Fund. The Fund is new, with a limited operating history upon which to rely in determining whether to invest. The Fund may invest a large percentage of its assets in a small number of issuers, potentially exposing it to greater loss than a more diversified portfolio. Further, the types of assets in which the Fund invests entail certain risks, as summarized below.

Energy-related companies are subject to specific risks, including, among others, fluctuations in commodity prices and consumer demand, substantial government regulation, and depletion of reserves. Small-cap stocks and initial public offerings may be more volatile and less liquid than securities issued by large companies and seasoned issuers. High-yield bonds involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investment-grade securities.

Master Limited Partnerships (“MLPs”) are publicly traded partnerships listed on a national securities exchange. The prices of MLP units may fluctuate abruptly and trading volume may be low, making it difficult for the Fund to sell its units at a favorable price. MLP general partners have the power to take actions that adversely affect the interests of unit holders. MLPs do not pay U.S. federal income tax at the partnership level, but an adverse change in tax laws could result in MLPs being treated as corporations for federal income tax purposes, which could reduce or eliminate distributions paid by MLPs to the Fund.

The Fund expects that a substantial portion of the cash flow it receives will come from its investments in MLPs and will be characterized as a “return of capital” to the Fund. When the Fund distributes this cash to its shareholders, the amount may exceed the Fund’s income from dividends, interest and net realized capital gains, and therefore a portion of a shareholder’s distribution would be a return of capital.

If the 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 (“Code”). The Fund would be taxed as an ordinary corporation, which could substantially reduce the Fund’s net assets and its distributions to shareholders.

Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s Prospectus, Statement of Additional Information and other information about the Fund on this website. You may also obtain this information at no cost by calling 1-855-40-BPCAP (1-855-402-7227) or by e-mail at info@bpcfunds.com. The Fund’s Prospectus and Statement of Additional Information, both dated December 31, 2013, are incorporated by reference into this Summary Prospectus.Download the TwinLine Energy Fund Summary Prospectus
This Statement of Additional Information (“SAI”) is not a prospectus and it should be read in conjunction with the related Prospectus of the BP Capital TwinLine Energy Fund (a “Fund” or the “BP Energy Fund”) and the BP Capital TwinLine MLP Fund (a “Fund” or the “BP MLP Fund,” and together, the “Funds”), each a series of Professionally Managed Portfolios (the “Trust”). BP Capital Fund Advisors, LLC (the “Advisor”) is the advisor to the Funds. A copy of the Prospectus is available on this website, by calling 1-855-40-BPCAP (1-855-402-7227) or by e-mail at info@bpcfunds.com. Download the TwinLine Energy Fund SAI
Read document below or click arrow to download.BP Capital Funds - Breakpoints and Sales Loads

Today’s Update

Portfolio Managers

Toby Loftin

Toby Loftin

Managing Principal & PM
Trip Rodgers, CFA

Trip Rodgers, CFA

Portfolio Manager
Tim Dumois

Tim Dumois

Portfolio Manager
431862264329

Discover the merits of twinning with BP Capital Fund Advisors.

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