SPMWX: Invesco SteelPath MLP Select 40 Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$5.50

-

8.44%

$0.46

1.44%

Vitals

YTD Return

26.1%

1 yr return

48.4%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-1.6%

Net Assets

$1.69 B

Holdings in Top 10

54.0%

52 WEEK LOW AND HIGH

$5.39
$3.41
$6.07

Expenses

OPERATING FEES

Expense Ratio 1.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Energy Limited Partnership


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$5.50

-

8.44%

$0.46

1.44%

SPMWX - Profile

Distributions

  • YTD Total Return 26.1%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.83%
DIVIDENDS
  • Dividend Yield 8.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco SteelPath MLP Select 40 Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stuart Cartner

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in master limited partnership ("MLP") investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities.


SPMWX - Performance

Return Ranking - Trailing

Period SPMWX Return Category Return Low Category Return High Rank in Category (%)
YTD 26.1% -3.6% 64.4% 74.84%
1 Yr 48.4% -42.8% 84.6% 50.00%
3 Yr -3.6%* -43.5% 5.4% 41.48%
5 Yr -1.6%* -32.1% 4.5% 45.90%
10 Yr 1.2%* -21.9% 6.1% 36.73%

* Annualized

Return Ranking - Calendar

Period SPMWX Return Category Return Low Category Return High Rank in Category (%)
2020 -35.5% -76.6% 319.9% 59.46%
2019 N/A -87.2% 18.9% N/A
2018 N/A -83.3% -12.7% N/A
2017 N/A -59.9% -1.4% N/A
2016 N/A -10.3% 459.2% N/A

Total Return Ranking - Trailing

Period SPMWX Return Category Return Low Category Return High Rank in Category (%)
YTD 26.1% -3.6% 64.4% 72.96%
1 Yr 48.4% -42.8% 84.6% 45.18%
3 Yr -3.6%* -43.5% 5.4% 32.05%
5 Yr -1.6%* -32.1% 4.5% 37.06%
10 Yr 1.2%* -21.9% 6.1% 34.69%

* Annualized

Total Return Ranking - Calendar

Period SPMWX Return Category Return Low Category Return High Rank in Category (%)
2020 -35.5% -76.6% 215.7% 57.43%
2019 N/A -87.2% 18.9% N/A
2018 N/A -83.3% -9.4% N/A
2017 N/A -59.9% 0.4% N/A
2016 N/A -10.3% 65.5% N/A

NAV & Total Return History


SPMWX - Holdings

Concentration Analysis

SPMWX Category Low Category High SPMWX % Rank
Net Assets 1.69 B 2.23 M 5.03 B 13.14%
Number of Holdings 42 9 145 42.11%
Net Assets in Top 10 1.05 B 5.09 K 4.14 B 11.18%
Weighting of Top 10 54.00% 38.7% 100.0% 82.07%

Top 10 Holdings

  1. MPLX LP Partnership Units 6.86%
  2. Energy Transfer LP 6.84%
  3. Westlake Chemical Partners LP 6.27%
  4. Antero Midstream Corp 5.11%
  5. TC Pipelines LP 4.93%
  6. Enterprise Products Partners LP 4.91%
  7. EnLink Midstream LLC 4.89%
  8. Sunoco LP 4.88%
  9. Magellan Midstream Partners LP 4.80%
  10. Williams Companies Inc 4.79%

Asset Allocation

Weighting Return Low Return High SPMWX % Rank
Stocks
97.76% 48.68% 135.61% 82.89%
Cash
1.28% -39.00% 4.23% 23.68%
Preferred Stocks
0.96% 0.00% 3.81% 13.16%
Other
0.00% -36.48% 12.96% 55.92%
Convertible Bonds
0.00% 0.00% 5.78% 71.05%
Bonds
0.00% 0.00% 40.86% 75.66%

Stock Sector Breakdown

Weighting Return Low Return High SPMWX % Rank
Energy
92.26% 26.02% 100.00% 55.92%
Basic Materials
6.41% 0.00% 6.41% 3.95%
Consumer Defense
1.05% 0.00% 1.07% 4.61%
Utilities
0.28% 0.00% 51.69% 78.29%
Technology
0.00% 0.00% 22.75% 78.29%
Real Estate
0.00% 0.00% 4.25% 73.03%
Industrials
0.00% 0.00% 16.27% 83.55%
Healthcare
0.00% 0.00% 0.03% 70.39%
Financial Services
0.00% 0.00% 6.99% 80.26%
Communication Services
0.00% 0.00% 4.39% 71.05%
Consumer Cyclical
0.00% 0.00% 0.63% 71.05%

Stock Geographic Breakdown

Weighting Return Low Return High SPMWX % Rank
US
96.14% 44.65% 135.30% 19.08%
Non US
1.62% 0.00% 53.05% 90.79%

SPMWX - Expenses

Operational Fees

SPMWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% 0.35% 13.30% 66.47%
Management Fee 0.70% 0.00% 2.64% 9.35%
12b-1 Fee 0.50% 0.00% 1.00% 68.25%
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

SPMWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

SPMWX 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.

SPMWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 8.00% 314.43% 15.32%

SPMWX - Distributions

Dividend Yield Analysis

SPMWX Category Low Category High SPMWX % Rank
Dividend Yield 8.44% 0.00% 2.00% 74.25%

Dividend Distribution Analysis

SPMWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Quarterly

Net Income Ratio Analysis

SPMWX Category Low Category High SPMWX % Rank
Net Income Ratio -0.83% -25.67% 6.88% 68.00%

Capital Gain Distribution Analysis

SPMWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

SPMWX - Fund Manager Analysis

Managers

Stuart Cartner


Start Date

Tenure

Tenure Rank

Mar 31, 2010

11.43

11.4%

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.

Brian Watson


Start Date

Tenure

Tenure Rank

Mar 31, 2010

11.43

11.4%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.44 17.52 7.13 11.43