Invesco SteelPath MLP Alpha Plus Fund (MLPNX)

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The chart shows the growth of an initial investment of $10,000 in Invesco SteelPath MLP Alpha Plus Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco SteelPath MLP Alpha Plus Fund (MLPNX) has returned 24.90% so far this year and 19.24% over the past 12 months. Looking at the last ten years, MLPNX has achieved an annualized return of 13.49%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Dec 30, 2011, MLPNX's average daily return is +0.05%, while the average monthly return is +1.15%. At this rate, your investment would double in approximately 5.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +61.5%, while the worst month was Mar 2020 at -62.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MLPNX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +25.8%, while the worst single day was Mar 9, 2020 at -37.4%.

Invesco SteelPath MLP Alpha Plus Fund has an annualized alpha of -0.53%, beta of 1.08, and R² of 0.28 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.

• This fund participated in 135.27% of S&P 500 Index downside but only 112.90% of its upside — more exposed to losses than it benefited from rallies.
• 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.

MLPNX has a high expense ratio of 1.34%, indicating above-average management fees.

MLPNX ranks 33 for risk / return — below 33% 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.

The table below present risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and compare them to a chosen benchmark (S&P 500 Index).

Invesco SteelPath MLP Alpha Plus Fund provided a 4.45% dividend yield over the last twelve months, with an annual payout of $0.35 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. 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. 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 was 87.31%, occurring on Mar 18, 2020. Recovery took 1007 trading sessions.

The current Invesco SteelPath MLP Alpha Plus Fund drawdown is 1.14%.

The chart below shows the rolling one-month volatility.