Oppenheimer SteelPath MLP Funds Trust N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22363

The SteelPath MLP Funds Trust

(Exact name of registrant as specified in charter)

2100 McKinney Ave, Suite 1401, Dallas, Texas, 75201

(Address of principal executive offices)   (Zip code)

Gabriel Hammond, SteelPath Fund Advisors LLC

2100 McKinney Ave, Suite 1401, Dallas, Texas, 75201

(Name and address of agent for service)

Registrant's telephone number, including area code: (214) 740-6047

Date of fiscal year end: November 30

Date of reporting period: July 1, 2011- June 30, 2012

Item 1. Proxy Voting Record

For both the SteelPath Alpha Plus Fund and the Steelpath MLP & Infrastructure Debt Fund there are no voting records to report for the period July 1, 2011 – June 30, 2012.

SteelPath MLP Select 40 Fund

Company Name

Ticker

Primary Security ID

Meeting Date

Record Date

Meeting Type

Shares Voted

Proponent

Item Number

Voting Proposal (y/n)

Proposal

Management Recommend-ation

Vote Instruction

VAM_YN

Voted_YN

DUNCAN ENERGY PARTNERS L P

DEP

265026104

07-Sep-11

25-Jul-11

Special

308312

Management

1

Yes

Approve Merger Agreement

For

For

No

Yes

Regency Energy Partners L P

RGP

75885Y107

16-Dec-11

07-Nov-11

Special

744352

Management

1

Yes

Approve Omnibus Stock Plan

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

1.1

Yes

Elect Director George A. Alcorn

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

1.2

Yes

Elect Director Mark E. Ellis

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

1.3

Yes

Elect Director Terrence S. Jacobs

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

1.4

Yes

Elect Director Michael C. Linn

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

1.5

Yes

Elect Director Joseph P. McCoy

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

1.6

Yes

Elect Director Jeffrey C. Swoveland

For

For

No

Yes

Linn Energy, LLC

LINE

536020100

24-Apr-12

01-Mar-12

Annual

131726

Management

2

Yes

Ratify Auditors

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

479508

Management

1.1

Yes

Elect Director Robert G. Croyle

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

479508

Management

1.2

Yes

Elect Director Barry R. Pearl

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

479508

Management

2

Yes

Advisory Vote to Ratify Named Executive Officers' Compensation

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

479508

Management

3

Yes

Ratify Auditors

For

For

No

Yes

HOLLY ENERGY PARTNERS L P

HEP

435763107

25-Apr-12

23-Mar-12

Special

586475

Management

1

Yes

Amend Omnibus Stock Plan

For

For

No

Yes

HOLLY ENERGY PARTNERS L P

HEP

435763107

25-Apr-12

23-Mar-12

Special

586475

Management

2

Yes

Adjourn Meeting

For

For

No

Yes

NuStar GP Holdings, LLC

NSH

67059L102

25-Apr-12

01-Mar-12

Annual

565550

Management

1.1

Yes

Elect Director James F. Clingman, Jr.

For

For

No

Yes

NuStar GP Holdings, LLC

NSH

67059L102

25-Apr-12

01-Mar-12

Annual

565550

Management

2

Yes

Ratify Auditors

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.1

Yes

Elect Director James G. Crump

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.2

Yes

Elect Director Ernie L. Danner

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.3

Yes

Elect Director Scott A. Griffiths

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.4

Yes

Elect Director Michael L. Johnson

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.5

Yes

Elect Director Michael G. MacDougall

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.6

Yes

Elect Director R. Bruce Northcutt

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.7

Yes

Elect Director T. William Porter

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

1.8

Yes

Elect Director William L. Thacker

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

650112

Management

2

Yes

Ratify Auditors

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.1

Yes

Elect Director Frank M. Semple

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.2

Yes

Elect Director Donald D. Wolf

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.3

Yes

Elect Director Keith E. Bailey

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.4

Yes

Elect Director Michael L. Beatty

For

Withhold

Yes

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.5

Yes

Elect Director Charles K. Dempster

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.6

Yes

Elect Director Donald C. Heppermann

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.7

Yes

Elect Director Randall J. Larson

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.8

Yes

Elect Director Anne E. Fox Mounsey

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

1.9

Yes

Elect Director William P. Nicoletti

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

2

Yes

Amend Omnibus Stock Plan

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

570257

Management

3

Yes

Ratify Auditors

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

734668

Management

1.1

Yes

Elect Director Pieter Bakker

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

734668

Management

1.2

Yes

Elect Director C. Scott Hobbs

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

734668

Management

1.3

Yes

Elect Director Mark C. McKinley

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

734668

Management

2

Yes

Ratify Auditors

For

For

No

Yes

Global Partners LP

GLP

37946R109

22-Jun-12

14-May-12

Special

674519

Management

1

Yes

Amend Omnibus Stock Plan

For

Against

Yes

Yes

Global Partners LP

GLP

37946R109

22-Jun-12

14-May-12

Special

674519

Management

2

Yes

Adjourn Meeting

For

Against

Yes

Yes

SteelPath MLP Income Fund

Company Name

Ticker

Primary Security ID

Meeting Date

Record Date

Meeting Type

Shares Voted

Proponent

Item Number

Voting Proposal (y/n)

Proposal

Management Recommend-ation

Vote Instruction

VAM_YN

Voted_YN

DUNCAN ENERGY PARTNERS L P

DEP

265026104

07-Sep-11

25-Jul-11

Special

18172

Management

1

Yes

Approve Merger Agreement

For

For

No

Yes

Regency Energy Partners L P

RGP

75885Y107

16-Dec-11

07-Nov-11

Special

631185

Management

1

Yes

Approve Omnibus Stock Plan

For

For

No

Yes

HOLLY ENERGY PARTNERS L P

HEP

435763107

25-Apr-12

23-Mar-12

Special

393759

Management

1

Yes

Amend Omnibus Stock Plan

For

For

No

Yes

HOLLY ENERGY PARTNERS L P

HEP

435763107

25-Apr-12

23-Mar-12

Special

393759

Management

2

Yes

Adjourn Meeting

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.1

Yes

Elect Director James G. Crump

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.2

Yes

Elect Director Ernie L. Danner

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.3

Yes

Elect Director Scott A. Griffiths

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.4

Yes

Elect Director Michael L. Johnson

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.5

Yes

Elect Director Michael G. MacDougall

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.6

Yes

Elect Director R. Bruce Northcutt

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.7

Yes

Elect Director T. William Porter

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

1.8

Yes

Elect Director William L. Thacker

For

For

No

Yes

Copano Energy, L.L.C.

CPNO

217202100

17-May-12

19-Mar-12

Annual

576995

Management

2

Yes

Ratify Auditors

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

444357

Management

1.1

Yes

Elect Director Pieter Bakker

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

444357

Management

1.2

Yes

Elect Director C. Scott Hobbs

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

444357

Management

1.3

Yes

Elect Director Mark C. McKinley

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

444357

Management

2

Yes

Ratify Auditors

For

For

No

Yes

Global Partners LP

GLP

37946R109

22-Jun-12

14-May-12

Special

925337

Management

1

Yes

Amend Omnibus Stock Plan

For

Against

Yes

Yes

Global Partners LP

GLP

37946R109

22-Jun-12

14-May-12

Special

925337

Management

2

Yes

Adjourn Meeting

For

Against

Yes

Yes

SteelPath MLP Alpha Fund

Company Name

Ticker

Primary Security ID

Meeting Date

Record Date

Meeting Type

Shares Voted

Proponent

Item Number

Voting Proposal (y/n)

Proposal

Management Recommend-ation

Vote Instruction

VAM_YN

Voted_YN

DUNCAN ENERGY PARTNERS L P

DEP

265026104

07-Sep-11

25-Jul-11

Special

137489

Management

1

Yes

Approve Merger Agreement

For

For

No

Yes

Regency Energy Partners L P

RGP

75885Y107

16-Dec-11

07-Nov-11

Special

974025

Management

1

Yes

Approve Omnibus Stock Plan

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

457440

Management

1.1

Yes

Elect Director Robert G. Croyle

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

457440

Management

1.2

Yes

Elect Director Barry R. Pearl

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

457440

Management

2

Yes

Advisory Vote to Ratify Named Executive Officers' Compensation

For

For

No

Yes

Magellan Midstream Partners, L.P.

MMP

559080106

24-Apr-12

24-Feb-12

Annual

457440

Management

3

Yes

Ratify Auditors

For

For

No

Yes

HOLLY ENERGY PARTNERS L P

HEP

435763107

25-Apr-12

23-Mar-12

Special

791852

Management

1

Yes

Amend Omnibus Stock Plan

For

For

No

Yes

HOLLY ENERGY PARTNERS L P

HEP

435763107

25-Apr-12

23-Mar-12

Special

791852

Management

2

Yes

Adjourn Meeting

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.1

Yes

Elect Director Frank M. Semple

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.2

Yes

Elect Director Donald D. Wolf

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.3

Yes

Elect Director Keith E. Bailey

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.4

Yes

Elect Director Michael L. Beatty

For

Withhold

Yes

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.5

Yes

Elect Director Charles K. Dempster

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.6

Yes

Elect Director Donald C. Heppermann

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.7

Yes

Elect Director Randall J. Larson

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.8

Yes

Elect Director Anne E. Fox Mounsey

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

1.9

Yes

Elect Director William P. Nicoletti

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

2

Yes

Amend Omnibus Stock Plan

For

For

No

Yes

MarkWest Energy Partners, L.P.

MWE

570759100

01-Jun-12

04-Apr-12

Annual

641450

Management

3

Yes

Ratify Auditors

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

1033573

Management

1.1

Yes

Elect Director Pieter Bakker

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

1033573

Management

1.2

Yes

Elect Director C. Scott Hobbs

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

1033573

Management

1.3

Yes

Elect Director Mark C. McKinley

For

For

No

Yes

Buckeye Partners, L.P.

BPL

118230101

05-Jun-12

09-Apr-12

Annual

1033573

Management

2

Yes

Ratify Auditors

For

For

No

Yes

Global Partners LP

GLP

37946R109

22-Jun-12

14-May-12

Special

291139

Management

1

Yes

Amend Omnibus Stock Plan

For

Against

Yes

Yes

Global Partners LP

GLP

37946R109

22-Jun-12

14-May-12

Special

291139

Management

2

Yes

Adjourn Meeting

For

Against

Yes

Yes

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	The SteelPath MLP Funds Trust
By (Signature and Title)	/s/ Gabriel Hammond
	Gabriel Hammond, President
Date:	August 7, 2012