SPMPX: Invesco Oppenheimer SteelPath MLP Alpha Plus Fund

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SPMPX Invesco Oppenheimer SteelPath MLP Alpha Plus Fund


Profile

SPMPX - Profile

Vitals

  • YTD Return -27.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $136 M
  • Holdings in Top 10 96.6%

52 WEEK LOW AND HIGH

$3.34
$3.34
$5.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Energy Limited Partnership

Distributions

  • YTD Total Return -27.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Invesco Oppenheimer SteelPath MLP Alpha Plus Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Watson

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in master limited partnership ("MLP") investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities. The fund is non-diversified.


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Categories

Fund Company Quick Screens

SPMPX - Fund Company Quick Screens


Performance

SPMPX - Performance

Return Ranking - Trailing

Period SPMPX Return Category Return Low Category Return High Rank in Category (%)
YTD -27.4% -38.0% 12.1% 96.51%
1 Yr N/A -68.5% 33.4% 75.56%
3 Yr N/A* -31.3% 22.4% 77.49%
5 Yr N/A* -29.8% 19.7% 75.21%
10 Yr N/A* -9.7% 29.2% N/A

* Annualized

Return Ranking - Calendar

Period SPMPX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -52.1% 71.9% N/A
2018 N/A -43.8% 7.5% N/A
2017 N/A -25.3% 59.5% N/A
2016 N/A -24.5% 47.9% N/A
2015 N/A -65.1% 11.8% N/A

Total Return Ranking - Trailing

Period SPMPX Return Category Return Low Category Return High Rank in Category (%)
YTD -27.4% -38.0% 12.1% 96.51%
1 Yr N/A -68.5% 33.4% 77.81%
3 Yr N/A* -31.3% 27.3% 83.92%
5 Yr N/A* -29.8% 22.6% 87.18%
10 Yr N/A* -9.7% 30.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SPMPX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -52.1% 71.9% N/A
2018 N/A -38.4% 8.2% N/A
2017 N/A -25.3% 68.6% N/A
2016 N/A -24.5% 65.5% N/A
2015 N/A -65.1% 11.8% N/A

NAV & Total Return History


Holdings

SPMPX - Holdings

Concentration Analysis

SPMPX Category Low Category High SPMPX % Rank
Net Assets 136 M 1.07 M 8.07 B 44.87%
Number of Holdings 18 3 1896 84.06%
Net Assets in Top 10 148 M -2.74 M 2.11 B 33.62%
Weighting of Top 10 96.64% 12.9% 238.7% 11.22%

Top 10 Holdings

  1. Energy Transfer LP 16.26%
  2. Enterprise Products Partners LP 15.00%
  3. Targa Resources Corp 13.25%
  4. Magellan Midstream Partners LP 10.24%
  5. MPLX LP Partnership Units 10.18%
  6. TC Pipelines LP 8.37%
  7. Williams Companies Inc 7.93%
  8. Antero Midstream Corp 6.04%
  9. EQM Midstream Partners LP 4.90%
  10. Western Midstream Partners LP 4.46%

Asset Allocation

Weighting Return Low Return High SPMPX % Rank
Stocks
113.72% 80.15% 188.60% 8.41%
Cash
1.92% -93.51% 58.00% 39.42%
Preferred Stocks
0.00% 0.00% 9.95% 79.13%
Convertible Bonds
0.00% 0.00% 3.64% 78.26%
Bonds
0.00% -81.18% 78.08% 80.58%
Other
-15.64% -65.39% 24.96% 96.52%

Stock Sector Breakdown

Weighting Return Low Return High SPMPX % Rank
Energy
96.15% 0.00% 100.00% 19.27%
Basic Materials
3.85% 0.00% 10.91% 21.10%
Utilities
0.00% 0.00% 37.40% 92.35%
Technology
0.00% 0.00% 57.56% 92.05%
Real Estate
0.00% 0.00% 99.68% 87.77%
Industrials
0.00% 0.00% 49.77% 94.80%
Healthcare
0.00% 0.00% 99.62% 91.74%
Financial Services
0.00% 0.00% 60.67% 92.05%
Communication Services
0.00% 0.00% 20.99% 90.52%
Consumer Defense
0.00% 0.00% 20.50% 91.44%
Consumer Cyclical
0.00% 0.00% 34.98% 91.74%

Stock Geographic Breakdown

Weighting Return Low Return High SPMPX % Rank
US
113.72% 80.15% 186.80% 6.96%
Non US
0.00% -0.33% 39.88% 93.91%

Expenses

SPMPX - Expenses

Operational Fees

SPMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.37% 37.17% N/A
Management Fee 1.25% 0.03% 2.64% 86.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

SPMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SPMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SPMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 0.00% 5191.00% 38.53%

Distributions

SPMPX - Distributions

Dividend Yield Analysis

SPMPX Category Low Category High SPMPX % Rank
Dividend Yield 1.64% 0.00% 11.75% 16.23%

Dividend Distribution Analysis

SPMPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

SPMPX Category Low Category High SPMPX % Rank
Net Income Ratio N/A -49.00% 4.56% N/A

Capital Gain Distribution Analysis

SPMPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

SPMPX - Fund Manager Analysis

Managers

Brian Watson


Start Date

Tenure

Tenure Rank

Dec 30, 2011

8.09

8.1%

Brian Watson serves as portfolio manager for SteelPath Alpha, Income, Select 40, Alpha Plus, Panoramic and Focused MLP strategies. Prior to joining SteelPath in 2009, Brian was a portfolio manager and led the MLP research effort at Swank Capital LLC, in Dallas, Texas. He also covered the MLP and Diversified Energy sectors for RBC Capital Markets in the firm’s Equity Research Division from 2002 to 2005. Prior to this, Brian worked for Prudential Capital Group, helping to analyze, structure, and invest in debt private placements issued primarily by companies involved in the energy industry including those involved in oil field services, midstream services, and oil and gas exploration and production. Brian holds a BBA from the University of Texas at Austin and an MBA from the McCombs School of Business at the University of Texas at Austin. He is also a CFA charter holder.

Stuart Cartner


Start Date

Tenure

Tenure Rank

Dec 30, 2011

8.09

8.1%

Stuart Cartner serves as portfolio manager for SteelPath Alpha, Income, Select 40, Alpha Plus, Focused MLP, and MLP & Energy Infrastructure strategies. Prior to joining SteelPath, Stuart was Vice President in the Private Wealth Management Division of Goldman, Sachs & Co. As a Private Wealth Advisor for nineteen years at Goldman, he was responsible for managing a $200 million portfolio of midstream Master Limited Partnerships for over a decade. Prior to his time at Goldman, Stuart worked at Trammell Crow Company and General Electric. Stuart holds a B.S. in Finance and Management from Indiana University and an MBA in Finance and Marketing with Distinction from the Kellogg Graduate School of Management, Northwestern University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 41.62 6.11 9.84