• Invesco SteelPath MLP Alpha Fund

Invesco
US, MLPs

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Invesco SteelPath MLP Alpha Fund

MLPOX

Summary

The fund seeks total return by investing in companies across any size in the United States.

The investment process is designed to highlight companies in the benchmark index that are engaged in midstream MLP investments.

The process considers businesses engaged in the gathering, processing, transporting, terminalling, storing, distributing, or marketing of natural gas, natural gas liquids, crude oil, refined products or other hydrocarbons as related to MLP investments.

Next, the research team focuses on MLP investments that are engaged in or supporting the acquisition, exploration and development, or extraction of crude oil, condensate, natural gas, natural gas liquids and businesses engaging in the processing, treating, or refining of crude oil, natural gas liquids or other hydrocarbons.

Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The team relies on fundamental analysis to look for companies with superior business fundamentals and strategy, an excellent record of cash flow growth, distribution continuity, a capable management team and which are not overly exposed to changes in commodity prices.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund is non-diversified, which means that it may invest in a limited number of issuers and at times, may hold fewer than 20 MLP investments.

Strategy Process Research Risk Philosophy

Price

Last Close

$4.98 ( +0.06 )

52 Week HL

$5.53 - $2.81

Net Assets

$757 M

Expense Ratio

1.34 %

Sector Allocation

Jan 31, 2021

Top 10 Holdings

Mar 03, 2021

Company Name

  • MPLX LP
  • Enterprise Products
  • Magellan Midstream
  • Targa Resources
  • Energy Transfer

Holding

  • 13.83
  • 12.68
  • 11.38
  • 9.86
  • 9.60

Company Name

  • TC PipeLines
  • Williams Companies
  • Western Midstream
  • Plains All
  • Equitrans Midstream
  • Total

Holding

  • 9.43
  • 7.00
  • 6.52
  • 4.45
  • 3.34
  • 88.09%

Documents

Prospectus

Fact Sheet

Annual Reports

Website

Link

Performance

YTD

31.1 %

3 Year

-20.77%

5 Year

-35.28%

Best

31.07%
2021

Worst

-39.01%
2020

Returns +
Quarterly

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 14.9% -58.4% 16% -13.5% 2.4% -6.4% -2.3% 4.8% 14.6% 1.9% -
Q2 18.6% 36.8% -4.6% 11.4% -5.4% 20.1% -2.2% 9.8% 3.1% -2.4% -
Q3 -3.8% -15.2% -8.8% 7.1% -1.5% 2.7% -15.5% 1.7% - 5.3% -
Q4 - 24.8% -3.4% -17.8% -2.7% 2.3% -7.8% -8.5% 3.6% -1.7% -

Returns +
Monthly

J F M A M J J A S O N D
2021 2.9% 6.1% 5.3% 6.1% 7.3% 4.2% -5.9% -0.8% 3.1% - - -
2020 -9.2% -11.9% -48% 41.4% 7.3% -9.9% -1.4% 0.6% -13.3% 3.3% 18% 2.4%

Returns +
Annual

    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    0%16%29%-6%19%8%-1%14%29%13%0%

Alpha

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
MLPOX 31%-39%-1%-15%-7%18%-26%7%23%5%6%
S&P 500 -16%29%-6%19%8%-1%14%29%13%-
Alpha 31%-55%-29%-8%-26%10%-25%-6%-6%-8%6%

MLPOX S&P 500

Chart +