STEELPATH FUND ADVISORS LLC

2100 MCKINNEY AVENUE, DALLAS, Texas, 75201, (214) 740-6040

Report Date: 09/30/2012

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Company	Class	Value of Shares ($1,000s)	Change in Value ($1,000s)	Change (%)	Shares Held
PLAINS ALL AMERN PIPELINE L P	UNIT LTD PARTN	228,951	9,387	4.28	4,087,686
ENTERPRISE PRODS PARTNERS L P	COM	196,978	22,635	12.98	3,257,988
HOLLY ENERGY PARTNERS L P	COM UT LTD PTN	181,205	4,629	2.62	4,754,784
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	169,909	4,584	2.77	2,605,973
BUCKEYE PARTNERS L P	UNIT LTD PARTN	157,969	810	.52	2,322,732
GENESIS ENERGY L P	UNIT LTD PARTN	157,505	6,516	4.32	2,973,469
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	156,744	4,908	3.23	2,924,332
ENBRIDGE ENERGY PARTNERS L P	COM	154,926	26,937	21.05	5,081,216
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	152,041	6,345	4.36	2,692,413
EL PASO PIPELINE PARTNERS L P	COM UNIT LPI	145,241	26,430	22.25	3,463,885
REGENCY ENERGY PARTNERS L P	COM UNITS L P	131,194	2,871	2.24	4,954,461
NUSTAR ENERGY LP	UNIT COM	130,411	22,051	20.35	2,887,750
ONEOK PARTNERS LP	UNIT LTD PARTN	102,934	5,607	5.76	2,056,632
TC PIPELINES LP	UT COM LTD PRT	99,499	5,800	6.19	2,236,427
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	95,316	1,788	1.91	1,408,131
SPECTRA ENERGY PARTNERS LP	COM	92,892	2,246	2.48	2,175,465
GLOBAL PARTNERS LP	COM UNITS	91,251	4,322	4.97	2,387,511
WESTERN GAS PARTNERS LP	COM UNIT LP IN	89,284	3,194	3.71	1,440,068
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	82,841	8,746	11.80	1,652,184
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	82,831	6,881	9.06	1,924,968