Invesco SteelPath MLP Select 40 Fund Class A (MLPFX)

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Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) is up 22.6% since the beginning of the year. MLPFX is currently trading at $11 per share. Investors who bought $1,000 worth of MLPFX shares 5 years ago would now be looking at an investment worth $2,583.

Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) has returned 22.61% so far this year and 25.67% over the past 12 months. Over the last ten years, MLPFX has returned 10.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Apr 6, 2010, MLPFX's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +45.2%, while the worst month was Mar 2020 at -48.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MLPFX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +21.6%, while the worst single day was Mar 9, 2020 at -26.6%.

Invesco SteelPath MLP Select 40 Fund Class A has an annualized alpha of 1.72%, beta of 0.67, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since April 07, 2010.

• This fund participated in 86.37% of S&P 500 Index downside but only 73.53% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.67 may look defensive, but with R2 of 0.28 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 0.28 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.

MLPFX has a high expense ratio of 10.29%, indicating above-average management fees.

MLPFX ranks 59 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.

The table below present risk-adjusted performance metrics for Invesco SteelPath MLP Select 40 Fund Class A (MLPFX) and compare them to S&P 500 Index.

Invesco SteelPath MLP Select 40 Fund Class A provided a 5.25% dividend yield over the last twelve months, with an annual payout of $0.57 per share.

The table displays the monthly dividend distributions for Invesco SteelPath MLP Select 40 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 Select 40 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 Select 40 Fund Class A was 76.01%, occurring on Mar 18, 2020. Recovery took 717 trading sessions.

The current Invesco SteelPath MLP Select 40 Fund Class A drawdown is 5.10%.

The chart below shows the rolling one-month volatility.