Invesco SteelPath MLP Alpha Fund Class A (MLPAX)
| Fund Assets | 1.15B |
| Expense Ratio | 1.54% |
| Min. Investment | $1,000 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.04 |
| Dividend Yield | 0.43% |
| Dividend Growth | 12.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 4, 2026 |
| Previous Close | 9.48 |
| YTD Return | 15.03% |
| 1-Year Return | 11.95% |
| 5-Year Return | 205.06% |
| 52-Week Low | 7.71 |
| 52-Week High | 9.77 |
| Beta (5Y) | 0.59 |
| Holdings | 22 |
| Inception Date | Mar 31, 2010 |
About MLPAX
The Invesco SteelPath MLP Alpha Fund Class A is an open-end mutual fund focused on U.S. energy infrastructure through investments in master limited partnerships (MLPs). Its primary objective is to seek total return by allocating at least 80% of its assets to MLPs and related securities, primarily within the midstream energy sector, which includes companies engaged in the transportation, storage, and processing of oil, gas, and other natural resources. The fund utilizes a granular, bottom-up investment approach to identify opportunities with durable cash flows, stressing stable income and growth potential across various commodity cycles. Its portfolio is notably concentrated, with a high percentage of assets in its top holdings, and it is non-diversified, which means performance is significantly influenced by its largest positions. The fund benchmarks itself against the Alerian MLP Index and is recognized for its longstanding presence and expertise in the MLP asset class. Targeting investors seeking exposure to energy infrastructure, the fund plays a specialized role in providing access to the unique characteristics and potential income streams of MLP investments within the broader financial markets.
Performance
MLPAX had a total return of 11.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.08%.
Top 10 Holdings
79.31% of assets| Name | Symbol | Weight |
|---|---|---|
| MPLX LP | MPLX | 12.99% |
| Targa Resources Corp. | TRGP | 12.76% |
| Energy Transfer LP | ET | 11.07% |
| Western Midstream Partners, LP | WES | 10.36% |
| Enterprise Products Partners L.P. | EPD | 9.31% |
| Plains All American Pipeline, L.P. | PAA | 6.30% |
| Hess Midstream LP | HESM | 5.25% |
| Sunoco LP | SUN | 4.45% |
| ONEOK, Inc. | OKE | 3.60% |
| Cheniere Energy, Inc. | LNG | 3.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 4, 2026 | $0.041 | Mar 4, 2026 |
| Feb 4, 2026 | $0.041 | Feb 4, 2026 |
| Jan 6, 2026 | $0.041 | Jan 6, 2026 |
| Nov 25, 2025 | $0.041 | Nov 25, 2025 |
| Nov 5, 2025 | $0.041 | Nov 5, 2025 |
| Oct 3, 2025 | $0.041 | Oct 3, 2025 |