Invesco SteelPath MLP Alpha Fund Class R (SPMGX)
| Fund Assets | 1.08B |
| Expense Ratio | 3.36% |
| Min. Investment | $1,000 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 5.38% |
| Dividend Growth | 12.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 4, 2026 |
| Previous Close | 8.89 |
| YTD Return | 11.83% |
| 1-Year Return | 10.82% |
| 5-Year Return | 217.04% |
| 52-Week Low | 7.18 |
| 52-Week High | 9.07 |
| Beta (5Y) | n/a |
| Holdings | 22 |
| Inception Date | May 24, 2019 |
About SPMGX
The Invesco SteelPath MLP Alpha Fund Class R is an open-end mutual fund focused on generating total return through investment in U.S. energy infrastructure, with a particular emphasis on midstream master limited partnerships (MLPs). This fund strategically targets MLPs engaged in the transportation, storage, and processing of oil, natural gas, and natural gas liquids—an essential segment supporting North America's energy supply chain. Its portfolio is concentrated, typically holding a select group of companies that the investment team identifies through comprehensive bottom-up analysis, seeking stable cash flows and growth opportunities in the energy sector. The fund is actively managed, employing both fundamental and quantitative analysis to balance growth and value opportunities across diversified market capitalizations. With its strong orientation toward midstream assets, the fund plays a key role for investors seeking exposure to the infrastructure backbone of the energy industry, aiming to capture both income and long-term capital appreciation potential from the sector’s unique characteristics.
Performance
SPMGX had a total return of 10.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 22.31%.
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 |
|---|---|---|
| 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 |
| Sep 4, 2025 | $0.041 | Sep 4, 2025 |