About MLPEX
The Invesco SteelPath MLP Select 40 Fund Class C is a mutual fund specializing in master limited partnerships (MLPs) within the U.S. energy infrastructure sector. Its primary objective is to seek total return by investing at least 80% of its assets in MLPs that typically operate midstream energy businesses, such as pipelines, storage, and energy transportation. The fund’s portfolio generally comprises 40 holdings, with a significant concentration in leading energy infrastructure companies, including MPLX, Energy Transfer, Western Midstream Partners, and Enterprise Products Partners, reflecting a focus on stable, cash flow-generating assets crucial to North America’s energy supply chain.
Structured as a C corporation, the fund may be subject to certain tax-related expenses, impacting its reported expense ratio. With over $2 billion in total assets, it serves investors seeking targeted exposure to the performance and income characteristics of the energy midstream sector, offering diversification across multiple MLPs. Its role in the market is to provide access to a traditionally higher-yielding segment, aiming for both capital appreciation and income, while navigating the unique regulatory and operational risks associated with the MLP asset class.
Fund Family Invesco
Category Energy Limited Partnership
Stock Exchange NASDAQ
Ticker Symbol MLPEX
Share Class Class C
Index S&P 500 TR
MLPEX had a total return of 15.52% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.70%.
