Invesco SteelPath MLP Alpha Fund Class A (MLPAX)

Fund Assets	1.15B
Expense Ratio	1.55%
Min. Investment	$1,000
Turnover	50.00%
Dividend (ttm)	0.54
Dividend Yield	5.65%
Dividend Growth	10.08%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 5, 2026

Previous Close	9.69
YTD Return	19.44%
1-Year Return	26.67%
5-Year Return	152.24%
52-Week Low	7.97
52-Week High	10.32
Beta (5Y)	0.56
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.

• Fund Family: Invesco
• Category: Energy Limited Partnership
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MLPAX
• Share Class: Class A
• Index: S&P 500 TR

Performance

MLPAX had a total return of 26.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.08%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SPMHX	Class R5	1.20%
OSPAX	Class R6	1.20%
MLPOX	Class Y	1.29%
SPMGX	Class R	1.79%

Top 10 Holdings

75.04% of assets

Name	Symbol	Weight
MPLX LP	MPLX	11.86%
Energy Transfer LP	ET	11.11%
Western Midstream Partners, LP	WES	9.94%
Enterprise Products Partners L.P.	EPD	9.24%
Targa Resources Corp.	TRGP	9.12%
Plains All American Pipeline, L.P.	PAA	6.75%
Sunoco LP	SUN	4.95%
Hess Midstream LP	HESM	4.95%
ONEOK, Inc.	OKE	3.68%
Cheniere Energy, Inc.	LNG	3.44%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 5, 2026	$0.0451	Oct 5, 2026
Sep 3, 2026	$0.0451	Sep 3, 2026
Aug 5, 2026	$0.0451	Aug 5, 2026
Jul 6, 2026	$0.0451	Jul 6, 2026
Jun 3, 2026	$0.0451	Jun 3, 2026
May 5, 2026	$0.0451	May 5, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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