Invesco SteelPath MLP Income Fund Class A (MLPDX)

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Invesco SteelPath MLP Income Fund Class A (MLPDX) is up 16.3% since the beginning of the year. MLPDX is currently trading at $7 per share. Investors who bought $1,000 worth of MLPDX shares 5 years ago would now be looking at an investment worth $2,335.

Invesco SteelPath MLP Income Fund Class A (MLPDX) has returned 16.34% so far this year and 19.28% over the past 12 months. Over the last ten years, MLPDX has returned 9.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 5, 2010, MLPDX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +60.9%, while the worst month was Mar 2020 at -52.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MLPDX closed higher 50% of trading days. The best single day was Mar 19, 2020 with a return of +17.9%, while the worst single day was Mar 9, 2020 at -28.7%.

Invesco SteelPath MLP Income Fund Class A has an annualized alpha of 1.11%, beta of 0.67, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since April 05, 2010.

• This fund participated in 99.05% of S&P 500 Index downside but only 79.40% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.67 may look defensive, but with R2 of 0.25 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MLPDX has a high expense ratio of 9.02%, indicating above-average management fees.

MLPDX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Invesco SteelPath MLP Income Fund Class A provided a 6.88% dividend yield over the last twelve months, with an annual payout of $0.46 per share.

The table displays the monthly dividend distributions for Invesco SteelPath MLP Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco SteelPath MLP Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco SteelPath MLP Income Fund Class A was 77.09%, occurring on Mar 18, 2020. Recovery took 556 trading sessions.

The current Invesco SteelPath MLP Income Fund Class A drawdown is 7.09%.

The chart below shows the rolling one-month volatility.