Invesco SteelPath MLP Alpha Plus Fund Class C (MLPMX)
| Fund Assets | 344.79M |
| Expense Ratio | 4.49% |
| Min. Investment | $1,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 5.84% |
| Dividend Growth | 14.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 5, 2026 |
| Previous Close | 6.15 |
| YTD Return | 31.19% |
| 1-Year Return | 31.92% |
| 5-Year Return | 239.97% |
| 52-Week Low | 4.47 |
| 52-Week High | 6.15 |
| Beta (5Y) | n/a |
| Holdings | 22 |
| Inception Date | May 22, 2012 |
About MLPMX
The Invesco SteelPath MLP Alpha Plus Fund Class C is a mutual fund that primarily invests in master limited partnerships (MLPs) focused on U.S. energy infrastructure. Its central objective is total return, combining capital appreciation with income generation. The fund allocates at least 80% of its assets to MLPs and similar investments, concentrating largely in the midstream segment—companies engaged in the transportation, storage, and processing of oil, natural gas, and related products. Notable holdings typically include industry leaders such as MPLX, Energy Transfer, and Targa Resources, reflecting a strong orientation toward the energy sector’s core infrastructure providers. This fund is non-diversified, leading to potentially higher concentration risk, and features a relatively high expense ratio compared to peers. By focusing on midstream MLPs, the fund seeks exposure to stable cash flows that are less sensitive to fluctuations in commodity prices, offering a unique role for investors seeking income and sector-specific diversification within the broader energy landscape.
Performance
MLPMX had a total return of 31.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.68%.
Top 10 Holdings
76.90% of assets| Name | Symbol | Weight |
|---|---|---|
| MPLX LP | MPLX | 12.51% |
| Targa Resources Corp. | TRGP | 12.39% |
| Energy Transfer LP | ET | 10.76% |
| Western Midstream Partners, LP | WES | 10.03% |
| Enterprise Products Partners L.P. | EPD | 8.99% |
| Plains All American Pipeline, L.P. | PAA | 6.10% |
| Hess Midstream LP | HESM | 5.07% |
| Sunoco LP | SUN | 4.30% |
| ONEOK, Inc. | OKE | 3.44% |
| Short-Term Investment Trust - Invesco Treasury Portfolio | TRPXX | 3.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 5, 2026 | $0.0325 | May 5, 2026 |
| Apr 6, 2026 | $0.0325 | Apr 6, 2026 |
| Mar 4, 2026 | $0.029 | Mar 4, 2026 |
| Feb 4, 2026 | $0.029 | Feb 4, 2026 |
| Jan 6, 2026 | $0.029 | Jan 6, 2026 |
| Nov 25, 2025 | $0.029 | Nov 25, 2025 |