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 higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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.
Returns By Period
Invesco SteelPath MLP Alpha Plus Fund had a return of 10.68% year-to-date (YTD) and 54.54% in the last 12 months. Over the past 10 years, Invesco SteelPath MLP Alpha Plus Fund had an annualized return of 4.07%, while the S&P 500 had an annualized return of 11.29%, indicating that Invesco SteelPath MLP Alpha Plus Fund did not perform as well as the benchmark.
MLPNX
10.68%
0.22%
26.37%
54.54%
22.76%
4.07%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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% | 10.68% | |||||||||||
| 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% | 3.06% | -5.65% | 7.92% | 6.16% | 1.19% | 2.79% | -0.59% | 6.98% | -2.36% | 25.41% |
| 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% | 9.33% | 7.71% | 9.27% | 11.13% | 6.04% | -6.99% | -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% | 5.90% | 27.36% | 3.45% | -42.84% |
| 2019 | 15.65% | -1.77% | 8.24% | -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% | -10.80% | 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% | -2.51% | -7.87% | -1.59% | 3.06% | -6.86% | 1.42% | -5.47% | -3.16% | 9.30% | -9.55% |
| 2016 | -18.02% | 0.30% | 10.74% | 20.06% | 3.97% | 5.05% | 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% | 1.71% | 2.85% | 3.33% | 3.81% | 5.38% | -3.33% | 6.80% | -1.32% | -5.36% | -1.47% | -4.97% | 8.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, MLPNX is among the top 6% 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.
Dividends
Dividend History
Invesco SteelPath MLP Alpha Plus Fund provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.29 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 | $0.29 | $0.29 | $0.26 | $0.25 | $0.25 | $0.46 | $0.66 | $0.66 | $0.66 | $0.66 | $0.66 | $0.66 |
Dividend yield | 4.19% | 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 | $0.05 | ||||||||||
| 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.
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 1.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -88.26% | Sep 22, 2014 | 1382 | Mar 18, 2020 | 1073 | Jun 24, 2024 | 2455 |
| -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 |
| -7.29% | Jul 23, 2024 | 10 | Aug 5, 2024 | 19 | Aug 30, 2024 | 29 |
Volatility
Volatility Chart
The current Invesco SteelPath MLP Alpha Plus Fund volatility is 7.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.