Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX)

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The chart shows the growth of an initial investment of $10,000 in Invesco SteelPath MLP Alpha Plus Fund Class R5, 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 Class R5 (SPMPX) has returned 25.02% so far this year and 19.48% over the past 12 months.

Based on dividend-adjusted daily data since May 24, 2019, SPMPX's average daily return is +0.09%, while the average monthly return is +2.02%. At this rate, your investment would double in approximately 2.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +61.9%, while the worst month was Mar 2020 at -62.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, SPMPX closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +26.6%, while the worst single day was Mar 9, 2020 at -37.3%.

Invesco SteelPath MLP Alpha Plus Fund Class R5 has an annualized alpha of 6.95%, beta of 1.08, and R² of 0.31 versus S&P 500 Index. Calculated based on daily prices since May 28, 2019.

• This fund captured 133.73% of S&P 500 Index gains and 123.05% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• R² of 0.31 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

SPMPX has a high expense ratio of 7.73%, indicating above-average management fees.

SPMPX ranks 34 for risk / return — below 34% 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 Class R5 (SPMPX) and compare them to a chosen benchmark (S&P 500 Index).

Invesco SteelPath MLP Alpha Plus Fund Class R5 provided a 4.65% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco SteelPath MLP Alpha Plus Fund Class R5. 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 R5. 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 R5 was 81.60%, occurring on Mar 18, 2020. Recovery took 526 trading sessions.

The current Invesco SteelPath MLP Alpha Plus Fund Class R5 drawdown is 1.19%.

The chart below shows the rolling one-month volatility.