Invesco SteelPath MLP Income Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
16.1%
1 yr return
17.4%
3 Yr Avg Return
18.2%
5 Yr Avg Return
12.6%
Net Assets
$3.56 B
Holdings in Top 10
96.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 7.31%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MLPRX - Profile
Distributions
- YTD Total Return 16.1%
- 3 Yr Annualized Total Return 18.2%
- 5 Yr Annualized Total Return 12.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.89%
- Dividend Yield 9.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco SteelPath MLP Income Fund
-
Fund Family NameOppenheimerFunds
-
Inception DateJun 10, 2011
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Watson
Fund Description
MLPRX - Performance
Return Ranking - Trailing
Period | MLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.1% | 9.9% | 36.5% | 93.00% |
1 Yr | 17.4% | 12.5% | 41.8% | 90.00% |
3 Yr | 18.2%* | 1.3% | 30.4% | 72.92% |
5 Yr | 12.6%* | -2.7% | 35.9% | 67.37% |
10 Yr | 3.1%* | -5.7% | 11.3% | 40.98% |
* Annualized
Return Ranking - Calendar
Period | MLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.2% | -14.9% | 18.2% | 50.00% |
2022 | 12.1% | -7.0% | 29.9% | 75.51% |
2021 | 27.9% | 4.2% | 42.7% | 66.33% |
2020 | -40.1% | -57.4% | 155.1% | 86.60% |
2019 | -1.5% | -8.9% | 18.9% | 68.97% |
Total Return Ranking - Trailing
Period | MLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.1% | 9.9% | 36.5% | 93.00% |
1 Yr | 17.4% | 12.5% | 41.8% | 90.00% |
3 Yr | 18.2%* | 1.3% | 30.4% | 72.92% |
5 Yr | 12.6%* | -2.7% | 35.9% | 67.37% |
10 Yr | 3.1%* | -5.7% | 11.3% | 40.98% |
* Annualized
Total Return Ranking - Calendar
Period | MLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.4% | -9.3% | 25.5% | 31.37% |
2022 | 24.2% | -1.2% | 38.8% | 46.94% |
2021 | 43.5% | 14.5% | 56.2% | 20.41% |
2020 | -26.4% | -53.9% | 155.1% | 51.55% |
2019 | 13.2% | -3.4% | 22.4% | 43.68% |
NAV & Total Return History
MLPRX - Holdings
Concentration Analysis
MLPRX | Category Low | Category High | MLPRX % Rank | |
---|---|---|---|---|
Net Assets | 3.56 B | 22 M | 53.1 B | 3.70% |
Number of Holdings | 26 | 17 | 89 | 58.82% |
Net Assets in Top 10 | 3.63 B | 23.7 M | 3.51 B | 2.94% |
Weighting of Top 10 | 96.64% | 39.1% | 118.8% | 8.82% |
Top 10 Holdings
- Energy Transfer L.P. 14.92%
- MPLX L.P. 14.87%
- Western Midstream Partners, L.P. 14.45%
- Enterprise Products Partners L.P. 14.27%
- Antero Midstream Corp. 8.41%
- Sunoco L.P. 7.90%
- Plains All American Pipeline, L.P. 7.75%
- EnLink Midstream, LLC 5.50%
- USA Compression Partners, L.P. 5.41%
- Genesis Energy, L.P. 3.17%
Asset Allocation
Weighting | Return Low | Return High | MLPRX % Rank | |
---|---|---|---|---|
Stocks | 109.83% | 53.33% | 138.70% | 13.73% |
Cash | 1.28% | 0.00% | 13.09% | 50.00% |
Preferred Stocks | 0.00% | 0.00% | 2.23% | 45.10% |
Other | 0.00% | -36.30% | 5.12% | 47.06% |
Convertible Bonds | 0.00% | 0.00% | 5.29% | 42.16% |
Bonds | 0.00% | 0.00% | 40.73% | 43.14% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MLPRX % Rank | |
---|---|---|---|---|
Energy | 96.99% | 53.73% | 100.00% | 41.18% |
Industrials | 1.10% | 0.00% | 4.54% | 6.86% |
Basic Materials | 0.79% | 0.00% | 6.40% | 33.33% |
Utilities | 0.58% | 0.00% | 41.78% | 72.55% |
Consumer Cyclical | 0.54% | 0.00% | 1.07% | 8.82% |
Technology | 0.00% | 0.00% | 2.43% | 59.80% |
Real Estate | 0.00% | 0.00% | 0.00% | 42.16% |
Healthcare | 0.00% | 0.00% | 0.00% | 42.16% |
Financial Services | 0.00% | 0.00% | 0.66% | 47.06% |
Communication Services | 0.00% | 0.00% | 0.00% | 42.16% |
Consumer Defense | 0.00% | 0.00% | 0.82% | 42.16% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MLPRX % Rank | |
---|---|---|---|---|
US | 109.83% | 48.92% | 138.70% | 9.80% |
Non US | 0.00% | 0.00% | 39.30% | 81.37% |
MLPRX - Expenses
Operational Fees
MLPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 7.31% | 0.35% | 8.81% | 7.92% |
Management Fee | 0.95% | 0.35% | 1.38% | 37.96% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 82.76% |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
MLPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 1.00% | 41.18% |
Trading Fees
MLPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MLPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 6.00% | 166.00% | 25.00% |
MLPRX - Distributions
Dividend Yield Analysis
MLPRX | Category Low | Category High | MLPRX % Rank | |
---|---|---|---|---|
Dividend Yield | 9.30% | 0.00% | 15.34% | 14.81% |
Dividend Distribution Analysis
MLPRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
MLPRX | Category Low | Category High | MLPRX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.89% | -2.83% | 5.84% | 96.04% |
Capital Gain Distribution Analysis
MLPRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 03, 2024 | $0.035 | OrdinaryDividend |
Sep 05, 2024 | $0.035 | OrdinaryDividend |
Aug 05, 2024 | $0.035 | OrdinaryDividend |
Jul 03, 2024 | $0.035 | OrdinaryDividend |
Apr 03, 2024 | $0.034 | OrdinaryDividend |
Mar 05, 2024 | $0.034 | OrdinaryDividend |
Feb 05, 2024 | $0.034 | OrdinaryDividend |
Jan 04, 2024 | $0.034 | OrdinaryDividend |
Nov 29, 2023 | $0.034 | OrdinaryDividend |
Nov 03, 2023 | $0.034 | OrdinaryDividend |
Oct 04, 2023 | $0.034 | OrdinaryDividend |
Sep 06, 2023 | $0.033 | OrdinaryDividend |
Aug 03, 2023 | $0.033 | OrdinaryDividend |
Jul 06, 2023 | $0.033 | OrdinaryDividend |
Jun 05, 2023 | $0.033 | OrdinaryDividend |
May 03, 2023 | $0.033 | OrdinaryDividend |
Apr 05, 2023 | $0.033 | OrdinaryDividend |
Mar 03, 2023 | $0.033 | OrdinaryDividend |
Feb 03, 2023 | $0.033 | OrdinaryDividend |
Jan 05, 2023 | $0.033 | OrdinaryDividend |
Nov 29, 2022 | $0.033 | OrdinaryDividend |
Nov 03, 2022 | $0.033 | OrdinaryDividend |
Oct 05, 2022 | $0.033 | OrdinaryDividend |
Sep 06, 2022 | $0.033 | OrdinaryDividend |
Aug 03, 2022 | $0.033 | OrdinaryDividend |
Jul 06, 2022 | $0.033 | OrdinaryDividend |
Jun 03, 2022 | $0.033 | OrdinaryDividend |
May 04, 2022 | $0.033 | OrdinaryDividend |
Apr 05, 2022 | $0.033 | OrdinaryDividend |
Mar 03, 2022 | $0.033 | OrdinaryDividend |
Feb 03, 2022 | $0.033 | OrdinaryDividend |
Jan 05, 2022 | $0.033 | OrdinaryDividend |
Nov 24, 2021 | $0.033 | ReturnOfCapital |
Nov 03, 2021 | $0.033 | ReturnOfCapital |
Oct 05, 2021 | $0.033 | ReturnOfCapital |
Sep 03, 2021 | $0.033 | ReturnOfCapital |
Aug 04, 2021 | $0.033 | ReturnOfCapital |
Jul 06, 2021 | $0.033 | ReturnOfCapital |
Jun 03, 2021 | $0.033 | ReturnOfCapital |
May 05, 2021 | $0.033 | ReturnOfCapital |
Apr 06, 2021 | $0.033 | ReturnOfCapital |
Mar 03, 2021 | $0.033 | ReturnOfCapital |
Feb 03, 2021 | $0.033 | ReturnOfCapital |
Jan 06, 2021 | $0.033 | ReturnOfCapital |
Nov 24, 2020 | $0.033 | ReturnOfCapital |
Nov 04, 2020 | $0.033 | ReturnOfCapital |
Oct 05, 2020 | $0.033 | ReturnOfCapital |
Sep 03, 2020 | $0.033 | ReturnOfCapital |
Aug 05, 2020 | $0.033 | ReturnOfCapital |
Jul 07, 2020 | $0.033 | ReturnOfCapital |
Jun 03, 2020 | $0.057 | ReturnOfCapital |
May 05, 2020 | $0.057 | ReturnOfCapital |
Apr 03, 2020 | $0.057 | ReturnOfCapital |
Mar 04, 2020 | $0.057 | ReturnOfCapital |
Feb 05, 2020 | $0.057 | ReturnOfCapital |
Jan 06, 2020 | $0.057 | ReturnOfCapital |
Nov 26, 2019 | $0.057 | OrdinaryDividend |
Nov 05, 2019 | $0.057 | OrdinaryDividend |
Oct 04, 2019 | $0.057 | OrdinaryDividend |
Sep 06, 2019 | $0.057 | OrdinaryDividend |
Aug 09, 2019 | $0.057 | OrdinaryDividend |
Jul 09, 2019 | $0.057 | OrdinaryDividend |
Jun 07, 2019 | $0.057 | OrdinaryDividend |
May 10, 2019 | $0.057 | OrdinaryDividend |
Apr 05, 2019 | $0.057 | OrdinaryDividend |
Mar 08, 2019 | $0.057 | OrdinaryDividend |
Feb 08, 2019 | $0.057 | OrdinaryDividend |
Jan 04, 2019 | $0.057 | OrdinaryDividend |
Nov 28, 2018 | $0.057 | OrdinaryDividend |
Nov 02, 2018 | $0.057 | OrdinaryDividend |
Oct 05, 2018 | $0.057 | OrdinaryDividend |
Sep 07, 2018 | $0.057 | OrdinaryDividend |
Aug 10, 2018 | $0.057 | OrdinaryDividend |
Jul 06, 2018 | $0.057 | OrdinaryDividend |
Jun 08, 2018 | $0.057 | OrdinaryDividend |
May 04, 2018 | $0.057 | OrdinaryDividend |
Apr 06, 2018 | $0.057 | OrdinaryDividend |
Mar 09, 2018 | $0.057 | OrdinaryDividend |
Feb 09, 2018 | $0.057 | OrdinaryDividend |
Jan 05, 2018 | $0.057 | OrdinaryDividend |
Nov 28, 2017 | $0.057 | OrdinaryDividend |
Nov 03, 2017 | $0.057 | OrdinaryDividend |
Oct 06, 2017 | $0.057 | OrdinaryDividend |
Sep 07, 2017 | $0.057 | OrdinaryDividend |
Aug 04, 2017 | $0.057 | OrdinaryDividend |
Jul 07, 2017 | $0.057 | OrdinaryDividend |
Jun 07, 2017 | $0.057 | OrdinaryDividend |
May 05, 2017 | $0.057 | OrdinaryDividend |
Apr 05, 2017 | $0.057 | OrdinaryDividend |
Mar 07, 2017 | $0.065 | OrdinaryDividend |
Feb 07, 2017 | $0.065 | OrdinaryDividend |
Jan 06, 2017 | $0.065 | OrdinaryDividend |
Nov 25, 2016 | $0.065 | OrdinaryDividend |
Nov 04, 2016 | $0.065 | OrdinaryDividend |
Oct 07, 2016 | $0.065 | OrdinaryDividend |
Sep 09, 2016 | $0.065 | OrdinaryDividend |
Aug 05, 2016 | $0.065 | OrdinaryDividend |
Jul 08, 2016 | $0.065 | OrdinaryDividend |
Jun 10, 2016 | $0.065 | OrdinaryDividend |
May 06, 2016 | $0.065 | OrdinaryDividend |
Apr 08, 2016 | $0.065 | OrdinaryDividend |
Mar 04, 2016 | $0.065 | OrdinaryDividend |
Feb 05, 2016 | $0.065 | OrdinaryDividend |
Jan 08, 2016 | $0.065 | OrdinaryDividend |
Nov 25, 2015 | $0.065 | OrdinaryDividend |
Nov 06, 2015 | $0.065 | OrdinaryDividend |
Oct 07, 2015 | $0.065 | OrdinaryDividend |
Sep 09, 2015 | $0.065 | OrdinaryDividend |
Aug 07, 2015 | $0.065 | OrdinaryDividend |
Jul 08, 2015 | $0.065 | OrdinaryDividend |
Jun 05, 2015 | $0.065 | OrdinaryDividend |
May 06, 2015 | $0.065 | OrdinaryDividend |
Apr 08, 2015 | $0.065 | OrdinaryDividend |
Mar 06, 2015 | $0.065 | OrdinaryDividend |
Feb 06, 2015 | $0.065 | OrdinaryDividend |
Jan 06, 2015 | $0.065 | OrdinaryDividend |
Nov 26, 2014 | $0.065 | OrdinaryDividend |
Nov 06, 2014 | $0.065 | OrdinaryDividend |
Oct 07, 2014 | $0.065 | OrdinaryDividend |
Sep 09, 2014 | $0.065 | OrdinaryDividend |
Aug 07, 2014 | $0.065 | OrdinaryDividend |
Jul 08, 2014 | $0.065 | OrdinaryDividend |
Jun 05, 2014 | $0.065 | OrdinaryDividend |
May 06, 2014 | $0.065 | OrdinaryDividend |
Apr 08, 2014 | $0.065 | OrdinaryDividend |
Mar 06, 2014 | $0.065 | OrdinaryDividend |
Feb 06, 2014 | $0.065 | OrdinaryDividend |
Jan 07, 2014 | $0.065 | OrdinaryDividend |
Nov 29, 2013 | $0.065 | OrdinaryDividend |
Nov 06, 2013 | $0.065 | OrdinaryDividend |
Oct 03, 2013 | $0.065 | OrdinaryDividend |
Sep 04, 2013 | $0.065 | OrdinaryDividend |
Aug 07, 2013 | $0.065 | OrdinaryDividend |
Jul 03, 2013 | $0.065 | OrdinaryDividend |
Jun 05, 2013 | $0.065 | OrdinaryDividend |
May 08, 2013 | $0.065 | OrdinaryDividend |
Apr 04, 2013 | $0.065 | OrdinaryDividend |
Mar 06, 2013 | $0.065 | OrdinaryDividend |
Feb 06, 2013 | $0.065 | OrdinaryDividend |
Jan 04, 2013 | $0.065 | OrdinaryDividend |
Nov 29, 2012 | $0.065 | OrdinaryDividend |
Nov 07, 2012 | $0.065 | OrdinaryDividend |
Oct 04, 2012 | $0.065 | OrdinaryDividend |
Sep 06, 2012 | $0.065 | OrdinaryDividend |
Aug 08, 2012 | $0.065 | OrdinaryDividend |
Jul 06, 2012 | $0.065 | OrdinaryDividend |
Jun 06, 2012 | $0.065 | OrdinaryDividend |
May 03, 2012 | $0.065 | OrdinaryDividend |
Apr 05, 2012 | $0.065 | OrdinaryDividend |
Mar 07, 2012 | $0.065 | OrdinaryDividend |
Feb 08, 2012 | $0.065 | OrdinaryDividend |
Jan 05, 2012 | $0.065 | OrdinaryDividend |
Nov 28, 2011 | $0.065 | OrdinaryDividend |
Nov 07, 2011 | $0.065 | OrdinaryDividend |
Oct 04, 2011 | $0.064 | OrdinaryDividend |
Sep 07, 2011 | $0.064 | OrdinaryDividend |
Aug 04, 2011 | $0.064 | OrdinaryDividend |
Jul 07, 2011 | $0.064 | OrdinaryDividend |
Jun 07, 2011 | $0.064 | OrdinaryDividend |
MLPRX - Fund Manager Analysis
Managers
Brian Watson
Start Date
Tenure
Tenure Rank
Mar 31, 2010
12.18
12.2%
Brian Watson, CFA, Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Watson managed the predecessor fund since 2010 and was associated with OppenheimerFunds, a global asset management firm since 2012. Brian Watson serves as portfolio manager for SteelPath Alpha, Income, Select 40, Alpha Plus, Panoramic and Focused MLP strategies. Prior to joining SteelPath in 2009, Brian was a portfolio manager and led the MLP research effort at Swank Capital LLC, in Dallas, Texas. He also covered the MLP and Diversified Energy sectors for RBC Capital Markets in the Equity Research Division from 2002 to 2005. Prior to this, Brian worked for Prudential Capital Group, helping to analyze, structure, and invest in debt private placements issued primarily by companies involved in the energy industry including those involved in oil field services, midstream services, and oil and gas exploration and production. Brian holds a BBA from the University of Texas at Austin and an MBA from the McCombs School of Business at the University of Texas at Austin. He is also a CFA charter holder.
Stuart Cartner
Start Date
Tenure
Tenure Rank
Mar 31, 2010
12.18
12.2%
Stuart Cartner, Portfolio Manager, who has been responsible for the Invesco Advisers, Inc. since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of operations, Mr. Cartner managed the predecessor fund since 2010 and was associated with OppenheimerFunds, a global asset management firm, since 2012. Stuart Cartner served as portfolio manager for SteelPath Alpha, Income, Select 40, Alpha Plus, Focused MLP, and MLP & Energy Infrastructure strategies. Prior to joining SteelPath, Stuart was Vice President in the Private Wealth Management Division of Goldman, Sachs & Co. As a Private Wealth Advisor for nineteen years at Goldman, he was responsible for managing a $200 million portfolio of midstream Master Limited Partnerships for over a decade. Prior to his time at Goldman, Stuart worked at Trammell Crow Company and General Electric. Stuart holds a B.S. in Finance and Management from Indiana University and an MBA in Finance and Marketing with Distinction from the Kellogg Graduate School of Management, Northwestern University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 15.78 | 7.75 | 12.18 |