- ISIN
- US00143K4343
- CUSIP
- 00143K434
- Issuer
- Invesco
- Inception Date
- May 24, 2019
- Category
- Energy Equities
- Min. Investment
- $17
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
SPMPX Performance Chart
Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) is up 23.6% since the beginning of the year. SPMPX is currently trading at $7 per share. Investors who bought $1,000 worth of SPMPX shares 5 years ago would now be looking at an investment worth $3,303.
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Returns By Period
Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) has returned 23.59% so far this year and 27.63% over the past 12 months.
Invesco SteelPath MLP Alpha Plus Fund Class R5
- 1D
- 0.96%
- 1M
- -1.84%
- YTD
- 23.59%
- 6M
- 25.04%
- 1Y
- 27.63%
- 3Y*
- 31.08%
- 5Y*
- 26.99%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
SPMPX Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2019, SPMPX's average daily return is +0.08%, while the average monthly return is +1.94%. At this rate, an investment would double in approximately 3.0 years.
Historically, 62% of months were positive and 38% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.75% | 10.38% | 2.90% | 3.30% | -4.06% | 0.96% | 23.59% | ||||||
| 2025 | 7.28% | 2.07% | -0.06% | -9.87% | 1.33% | 3.99% | 0.96% | -0.82% | -2.13% | -3.53% | 6.79% | -0.33% | 4.59% |
| 2024 | 1.89% | 6.64% | 8.60% | -0.35% | 2.64% | 5.38% | 1.48% | 2.86% | -0.26% | 2.61% | 18.21% | -8.10% | 47.63% |
| 2023 | 7.89% | -2.26% | -1.03% | 3.18% | -5.62% | 7.94% | 6.14% | 0.99% | 2.90% | -0.63% | 7.01% | -2.46% | 25.49% |
| 2022 | 14.32% | 6.76% | 6.09% | -1.37% | 8.12% | -17.45% | 16.23% | 3.59% | -12.25% | 17.40% | 2.95% | -5.12% | 38.13% |
| 2021 | 4.47% | 9.14% | 7.53% | 9.18% | 11.16% | 6.26% | -6.89% | -0.33% | 4.34% | 6.28% | -7.97% | 4.35% | 56.29% |
Benchmark Metrics
Invesco SteelPath MLP Alpha Plus Fund Class R5 has an annualized alpha of 3.99%, beta of 1.06, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since May 28, 2019.
- This fund participated in 125.96% of S&P 500 Index downside but only 121.91% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.30 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.
- Alpha
- 3.99%
- Beta
- 1.06
- R²
- 0.30
- Upside Capture
- 121.91%
- Downside Capture
- 125.96%
Expense Ratio
SPMPX has a high expense ratio of 7.73%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SPMPX ranks 45 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) and compare them to S&P 500 Index.
| SPMPX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 2.39 | -0.58 |
Sortino ratioReturn per unit of downside risk | 2.42 | 3.25 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.11 | +0.25 |
Martin ratioReturn relative to average drawdown | 9.52 | 14.38 | -4.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco SteelPath MLP Alpha Plus Fund Class R5 provided a 4.84% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.34 | $0.26 | $0.25 | $0.25 | $0.26 | $0.45 | $0.38 |
Dividend yield | 4.84% | 5.55% | 4.32% | 5.81% | 6.70% | 9.04% | 22.32% | 8.34% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.15 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.00 | $0.34 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.05 | $0.00 | $0.26 |
| 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 | $0.25 |
| 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 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 | $0.00 | $0.26 |
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 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 7.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -81.60%Mar 2020 | 8mo 7d | 2y 1mo | 2y 9moJul 2019 - Apr 2022 |
Bear market2022 | -27.12%Jul 2022 | 28d | 6mo 21d | 7mo 19dJun 2022 - Jan 2023 |
2025 selloff2025 | -19.53%Apr 2025 | 2mo 16d | 9mo 25d | 1y 6dJan 2025 - Jan 2026 |
2023 correction2023 | -13.06%Mar 2023 | 1mo 5d | 3mo 19d | 4mo 24dFeb 2023 - Jul 2023 |
Bear market2022 | -12.17%May 2022 | 20d | 21d | 1mo 11dApr 2022 - Jun 2022 |
Drawdown Indicators
| SPMPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -56.78% | -24.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -9.10% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -18.90% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -25.43% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.09% | 0.00% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -10.72% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 1.97% | +1.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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