Fletcher Wealth Management Profile Picture Investment Adviser

Fletcher Wealth Management

Financial Planner,Fletcher Wealth Management

  • EducationEast Tenessee State University
  • QualificationsMBA

Oil and Gas MLPs

This strategy aims to capitalize on tax efficiencies and income generated by oil and gas master limited partnerships selling at a discount to fair value.


  • -1.7%

    Month to date

  • -12.9%

    Quarter to date

  • -12.9%

    Year to date

  • Quarterly vs S&P500

    Quarterly vs S&P500

Risk score

  • 18.4%

    Best quarter

  • -21.1%

    Worst quarter


Pre-investment approval required.

Contact clientservices@covestor.com or call 866.825.3005 x1.

  • $20,000 investment min
  • 1.5% fee


  • MLP
  • Energy

Top 5 securities View all


Portfolio commentary

  1. A historic bull market turns 6

    10 March 2015

    Whether this historic bull market can turn 7 is an intriguing question.

  2. Post election predictions for your portfolio 5 November 2014
  3. In the luxury property market, bidding wars are for suckers 26 August 2014
  4. Hedging the dollar with these core holdings 16 November 2011
  5. Oil and Gas MLPs remain a safe haven 14 November 2011

show more

Performance detail

  • Manager (net of fees)
  • Alerian MLP ETF


Portfolio inception July 27, 2011

as of February 04, 2016 Manager (net of fees) Alerian MLP ETF S&P 500
Month-to-date -1.7% -1.5% -1.3%
Quarter-to-date -12.9% -15.0% -6.3%
Last 365 Days -40.1% -40.9% -6.2%
Since inception (Annualized) -2.6% -9.1% 8.8%
2016 (YTD) -12.9% -15.0% -6.3%
2015 -33.0% -31.2% -0.7%
2014 18.3% -1.5% 11.4%
2013 27.8% 11.5% 29.6%
2012 -2.9% -4.0% 13.4%

Risk metrics

Last 365 days

as of February 04, 2016 Manager (net of fees) Alerian MLP ETF S&P 500
Volatility 30.2% 36.1% 16.1%
Sharpe Ratio - 1.34 - 1.14 - 0.40
Sortino Ratio - 1.97 - 1.60 - 0.56
Maximum Drawdown -51.3% -51.1% -12.7%
Value-at-risk (95%, 1 week) -7.0% -8.4% -3.7%
vs. Alerian MLP ETF vs. S&P 500
Information Ratio 0.05 - 1.32
Alpha -11.4% -41.7%
Beta 0.77 0.97
R-Squared 0.84 0.27

Latest transactions View all

Average trades per month 0.1
Executed Symbol Security Type Price
09/30/13 NS NuStar Energy LP Buy $40.19
01/07/13 WPZ Williams Partners LP Buy $50.22
01/07/13 SPH Suburban Propane Partners LP Sell $41.72
01/07/13 KMP Kinder Morgan Energy Partners LP Buy $85.43
08/05/11 EPD Enterprise Products Partners LP Buy $40.09
08/05/11 BPL Buckeye Partners LP Buy $60.77
08/03/11 SPH Suburban Propane Partners LP Buy $43.78
08/02/11 EPB El Paso Pipeline Partners LP Buy $34.95

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the Portfolio Manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted average returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. For certain portfolios we use an investable ETF as a benchmark, in these cases returns include management fees, transaction costs and expenses.