About SPMWX
The Invesco SteelPath MLP Select 40 Fund R is a mutual fund that primarily invests in energy infrastructure securities, with a focus on master limited partnerships (MLPs). Its objective is to provide total return by assembling a portfolio of at least 40 holdings engaged in the transportation, storage, processing, and distribution of hydrocarbons, such as crude oil, refined products, and natural gas. The fund’s investments span a range of MLP issuers, including leading names like MPLX, Energy Transfer, Western Midstream Partners, Sunoco, Williams, and Plains All American Pipeline. By concentrating on the midstream segment of the energy value chain, the fund delivers diversification and income potential, featuring monthly distributions and simplified tax reporting via a single Form 1099. It is designed for investors seeking exposure to energy infrastructure assets and typically exhibits higher volatility than broader equity funds due to its sector concentration. The fund tracks its performance against benchmarks like the Alerian MLP Index and emphasizes holdings that serve as critical links in the North American energy landscape, making it a notable option in the Energy Limited Partnership category.
Fund Family Invesco
Category Energy Limited Partnership
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SPMWX
Share Class Class R
Index S&P 500 TR
SPMWX had a total return of 33.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.25%.
