SPMWX: Invesco Oppenheimer SteelPath MLP Select 40 Fund

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SPMWX Invesco Oppenheimer SteelPath MLP Select 40 Fund


Profile

SPMWX - Profile

Vitals

  • YTD Return -10.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.89 B
  • Holdings in Top 10 52.1%

52 WEEK LOW AND HIGH

$6.07
$6.01
$7.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return -10.2%
  • 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 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer SteelPath MLP Select 40 Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stuart Cartner

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.


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Categories

Performance

SPMWX - Performance

Return Ranking - Trailing

Period SPMWX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.2% -17.9% 20.9% 92.15%
1 Yr N/A -59.0% 69.4% 60.39%
3 Yr N/A* -25.5% 32.2% 61.74%
5 Yr N/A* -25.9% 25.3% 61.54%
10 Yr N/A* -8.5% 32.2% N/A

* Annualized

Return Ranking - Calendar

Period SPMWX 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 SPMWX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.2% -17.9% 20.9% 92.15%
1 Yr N/A -59.0% 69.4% 62.08%
3 Yr N/A* -25.5% 37.0% 63.67%
5 Yr N/A* -25.9% 28.3% 65.38%
10 Yr N/A* -8.0% 33.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SPMWX 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

SPMWX - Holdings

Concentration Analysis

SPMWX Category Low Category High SPMWX % Rank
Net Assets 2.89 B 1.07 M 8.07 B 4.40%
Number of Holdings 45 3 1896 48.99%
Net Assets in Top 10 1.6 B -2.74 M 2.11 B 10.14%
Weighting of Top 10 52.13% 12.9% 238.7% 56.11%

Top 10 Holdings

  1. Energy Transfer LP 6.99%
  2. TC Pipelines LP 6.97%
  3. Targa Resources Corp 5.02%
  4. Antero Midstream Corp 4.99%
  5. Sunoco LP 4.86%
  6. Genesis Energy LP 4.83%
  7. Enterprise Products Partners LP 4.81%
  8. Magellan Midstream Partners LP 4.77%
  9. MPLX LP Partnership Units 4.51%
  10. NuStar Energy LP 4.40%

Asset Allocation

Weighting Return Low Return High SPMWX % Rank
Stocks
96.54% 80.15% 188.60% 66.67%
Preferred Stocks
2.64% 0.00% 9.95% 6.96%
Cash
0.86% -93.51% 58.00% 60.29%
Convertible Bonds
0.00% 0.00% 3.64% 65.51%
Bonds
0.00% -81.18% 78.08% 67.54%
Other
-0.04% -65.39% 24.96% 84.93%

Stock Sector Breakdown

Weighting Return Low Return High SPMWX % Rank
Energy
94.24% 0.00% 100.00% 24.46%
Basic Materials
4.34% 0.00% 10.91% 17.74%
Utilities
1.42% 0.00% 37.40% 65.44%
Technology
0.00% 0.00% 57.56% 89.60%
Real Estate
0.00% 0.00% 99.68% 85.32%
Industrials
0.00% 0.00% 49.77% 91.44%
Healthcare
0.00% 0.00% 99.62% 88.38%
Financial Services
0.00% 0.00% 60.67% 88.38%
Communication Services
0.00% 0.00% 20.99% 87.46%
Consumer Defense
0.00% 0.00% 20.50% 87.16%
Consumer Cyclical
0.00% 0.00% 34.98% 87.77%

Stock Geographic Breakdown

Weighting Return Low Return High SPMWX % Rank
US
95.45% 80.15% 186.80% 52.75%
Non US
1.09% -0.33% 39.88% 50.43%

Expenses

SPMWX - Expenses

Operational Fees

SPMWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.37% 37.17% N/A
Management Fee 0.70% 0.03% 2.64% 14.20%
12b-1 Fee 0.50% 0.00% 1.00% 66.49%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

SPMWX 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

SPMWX 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.

SPMWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 5191.00% 26.91%

Distributions

SPMWX - Distributions

Dividend Yield Analysis

SPMWX Category Low Category High SPMWX % Rank
Dividend Yield 0.97% 0.00% 11.75% 30.14%

Dividend Distribution Analysis

SPMWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SPMWX - Fund Manager Analysis

Managers

Stuart Cartner


Start Date

Tenure

Tenure Rank

Mar 31, 2010

9.84

9.8%

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.

Brian Watson


Start Date

Tenure

Tenure Rank

Mar 31, 2010

9.84

9.8%

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.

Tenure Analysis

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