Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX)

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Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) is up 22.0% since the beginning of the year. MLPLX is currently trading at $7 per share. Investors who bought $1,000 worth of MLPLX shares 5 years ago would now be looking at an investment worth $3,188.

Invesco SteelPath MLP Alpha Plus Fund Class A (MLPLX) has returned 22.03% so far this year and 24.04% over the past 12 months. Over the last ten years, MLPLX has returned 8.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 30, 2011, MLPLX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +61.1%, while the worst month was Mar 2020 at -62.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MLPLX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +25.5%, while the worst single day was Mar 9, 2020 at -37.1%.

Invesco SteelPath MLP Alpha Plus Fund Class A has an annualized alpha of -2.67%, beta of 1.06, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 30, 2011.

• This fund participated in 137.10% of S&P 500 Index downside but only 102.66% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.27 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.

MLPLX has a high expense ratio of 17.25%, indicating above-average management fees.

MLPLX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Invesco SteelPath MLP Alpha Plus Fund Class A provided a 5.11% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Invesco SteelPath MLP Alpha Plus 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 Alpha Plus 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 Alpha Plus Fund Class A was 88.76%, occurring on Mar 18, 2020. Recovery took 1092 trading sessions.

The current Invesco SteelPath MLP Alpha Plus Fund Class A drawdown is 8.06%.

The chart below shows the rolling one-month volatility.