Invesco SteelPath MLP Select 40 Fund (MLPTX)

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The chart shows the growth of an initial investment of $10,000 in Invesco SteelPath MLP Select 40 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 Select 40 Fund (MLPTX) has returned 20.17% so far this year and 20.20% over the past 12 months. Over the last ten years, MLPTX has had an annualized return of 11.64%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Apr 6, 2010, MLPTX's average daily return is +0.04%, while the average monthly return is +0.92%. At this rate, your investment would double in approximately 6.3 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 -48.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MLPTX closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +21.7%, while the worst single day was Mar 9, 2020 at -26.7%.

Invesco SteelPath MLP Select 40 Fund has an annualized alpha of 2.56%, beta of 0.68, and R² of 0.28 versus S&P 500 Index. Calculated based on daily prices since April 07, 2010.

• This fund participated in 84.97% of S&P 500 Index downside but only 76.98% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.68 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.

MLPTX has an expense ratio of 0.85%, placing it in the medium range.

MLPTX ranks 55 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 (MLPTX) and compare them to a chosen benchmark (S&P 500 Index).

Invesco SteelPath MLP Select 40 Fund provided a 4.83% dividend yield over the last twelve months, with an annual payout of $0.56 per share.

The table displays the monthly dividend distributions for Invesco SteelPath MLP Select 40 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 Select 40 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 Select 40 Fund was 75.66%, occurring on Mar 18, 2020. Recovery took 560 trading sessions.

The current Invesco SteelPath MLP Select 40 Fund drawdown is 1.36%.

The chart below shows the rolling one-month volatility.