Invesco SteelPath MLP Alpha Plus Fund (MLPNX)
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in master limited partnership ("MLP") investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities.
Fund Info
US00143K4590
Dec 29, 2011
$1,000
Mid-Cap
Value
Expense Ratio
MLPNX has a high expense ratio of 1.34%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Invesco SteelPath MLP Alpha Plus Fund (MLPNX) returned 0.26% year-to-date (YTD) and 25.30% over the past 12 months. Over the past 10 years, MLPNX returned 3.24% annually, underperforming the S&P 500 benchmark at 10.84%.
MLPNX
0.26%
-1.11%
-5.92%
25.30%
22.99%
33.06%
3.24%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of MLPNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.30% | 1.98% | 0.09% | -9.89% | 1.60% | 0.26% | |||||||
| 2024 | 1.83% | 6.61% | 8.48% | -0.14% | 2.54% | 5.35% | 2.05% | 2.74% | -0.25% | 2.68% | 18.31% | -8.19% | 48.17% |
| 2023 | 7.59% | -2.17% | -0.99% | 3.07% | -5.65% | 7.92% | 6.16% | 1.19% | 2.79% | -0.59% | 6.98% | -2.36% | 25.40% |
| 2022 | 14.52% | 6.53% | 6.17% | -1.31% | 8.11% | -17.33% | 16.26% | 3.47% | -12.30% | 17.68% | 2.85% | -4.93% | 38.69% |
| 2021 | 4.34% | 9.32% | 7.71% | 9.26% | 11.14% | 6.04% | -6.98% | -0.65% | 4.20% | 6.42% | -7.99% | 4.20% | 55.43% |
| 2020 | -11.12% | -14.49% | -60.13% | 61.54% | 12.45% | -8.59% | -2.97% | 0.52% | -16.53% | 5.91% | 27.36% | 3.45% | -42.84% |
| 2019 | 15.65% | -1.77% | 8.23% | -2.27% | -1.57% | 2.76% | -3.52% | -7.75% | 2.94% | -6.93% | -8.25% | 15.94% | 10.25% |
| 2018 | 5.39% | -13.06% | -10.79% | 11.46% | 4.31% | -1.63% | 8.59% | 2.43% | -3.41% | -10.37% | -2.62% | -9.30% | -20.49% |
| 2017 | 4.72% | 1.25% | -0.92% | -2.52% | -7.87% | -1.59% | 3.06% | -6.86% | 1.42% | -5.47% | -3.16% | 9.30% | -9.55% |
| 2016 | -18.03% | 0.30% | 10.74% | 20.06% | 3.97% | 5.06% | 1.43% | 1.66% | 2.67% | -7.54% | 4.82% | 7.99% | 32.28% |
| 2015 | -2.50% | 2.67% | -3.10% | 5.30% | -2.08% | -7.11% | -3.74% | -8.03% | -22.70% | 10.71% | -9.82% | -10.14% | -42.95% |
| 2014 | 1.58% | 1.70% | 2.85% | 3.33% | 3.81% | 5.38% | -3.34% | 6.80% | -1.32% | -5.36% | -1.47% | -4.97% | 8.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, MLPNX is among the top 21% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund (MLPNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Invesco SteelPath MLP Alpha Plus Fund provided a 4.90% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.29 | $0.26 | $0.25 | $0.25 | $0.46 | $0.66 | $0.66 | $0.66 | $0.66 | $0.66 | $0.66 |
Dividend yield | 4.90% | 4.54% | 5.67% | 6.53% | 8.46% | 21.71% | 14.63% | 14.10% | 10.03% | 8.28% | 9.86% | 5.28% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.00 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.00 | $0.26 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.00 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.00 | $0.25 |
| 2020 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.00 | $0.46 |
| 2019 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.00 | $0.66 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.00 | $0.66 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.00 | $0.66 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.00 | $0.66 |
| 2015 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.66 |
| 2014 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.66 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 88.26%, occurring on Mar 18, 2020. Recovery took 1073 trading sessions.
The current Invesco SteelPath MLP Alpha Plus Fund drawdown is 10.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -88.26% | Sep 22, 2014 | 1382 | Mar 18, 2020 | 1073 | Jun 24, 2024 | 2455 |
| -19.58% | Jan 22, 2025 | 54 | Apr 8, 2025 | — | — | — |
| -11.35% | Dec 2, 2024 | 13 | Dec 18, 2024 | 18 | Jan 16, 2025 | 31 |
| -9.67% | Feb 27, 2012 | 69 | Jun 4, 2012 | 43 | Aug 6, 2012 | 112 |
| -7.85% | Oct 18, 2012 | 19 | Nov 15, 2012 | 34 | Jan 7, 2013 | 53 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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