Invesco Oppenheimer SteelPath MLP Select 40 Fund
- SPMWX
- Price as of: Jan 15, 2021
-
$4.79
N/A N/A
- Primary Theme
- MLP Industry Equity
- Fund Company
- Invesco
- Share Class
SPMWX - Snapshot
Vitals
- YTD Return 8.5%
- 3 Yr Annualized Return -10.7%
- 5 Yr Annualized Return -4.1%
- Net Assets $1.78 B
- Holdings in Top 10 51.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.46%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 23.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
MLP Industry Equity
- Fund Type Open End Mutual Fund
- Investment Style Energy Limited Partnership
SPMWX - Profile
Distributions
- YTD Total Return 8.5%
- 3 Yr Annualized Total Return -10.7%
- 5 Yr Annualized Total Return -4.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.65%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco SteelPath MLP Select 40 Fund
-
Fund Family NameInvesco
-
Inception DateMay 24, 2019
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStuart 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.
SPMWX - Performance
Return Ranking - Trailing
Period | SPMWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.5% | 5.2% | 24.3% | 87.50% |
1 Yr | -25.5% | -84.4% | 37.6% | 42.14% |
3 Yr | -10.7%* | -47.9% | 6.9% | 40.58% |
5 Yr | -4.1%* | -30.0% | 7.3% | 50.40% |
10 Yr | -1.4%* | -24.5% | 5.1% | 28.89% |
* Annualized
Return Ranking - Calendar
Period | SPMWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -35.5% | -64.4% | 319.9% | 64.75% |
2019 | N/A | -10.0% | 18.9% | N/A |
2018 | N/A | -41.7% | -10.9% | N/A |
2017 | N/A | -59.9% | -1.4% | N/A |
2016 | N/A | -10.3% | 459.2% | N/A |
Total Return Ranking - Trailing
Period | SPMWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.5% | 5.2% | 24.3% | 87.50% |
1 Yr | -25.5% | -84.4% | 37.6% | 38.57% |
3 Yr | -10.7%* | -47.9% | 6.9% | 38.41% |
5 Yr | -4.1%* | -30.0% | 7.3% | 48.80% |
10 Yr | -1.4%* | -24.5% | 5.1% | 26.67% |
* Annualized
Total Return Ranking - Calendar
Period | SPMWX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -35.5% | -64.4% | 215.7% | 62.59% |
2019 | N/A | -10.0% | 18.9% | N/A |
2018 | N/A | -41.7% | -9.4% | N/A |
2017 | N/A | -59.9% | 0.4% | N/A |
2016 | N/A | -10.3% | 65.5% | N/A |
NAV & Total Return History
SPMWX - Holdings
Concentration Analysis
SPMWX | Category Low | Category High | SPMWX % Rank | |
---|---|---|---|---|
Net Assets | 1.78 B | 2.23 M | 4.17 B | 8.57% |
Number of Holdings | 42 | 16 | 154 | 28.00% |
Net Assets in Top 10 | 768 M | 2.59 M | 3.28 B | 12.80% |
Weighting of Top 10 | 51.67% | 35.8% | 95.0% | 86.44% |
Top 10 Holdings
- MPLX LP Partnership Units 6.91%
- Westlake Chemical Partners LP 6.75%
- Sunoco LP 5.31%
- Targa Resources Corp 5.25%
- Enterprise Products Partners LP 5.06%
- Energy Transfer LP 4.99%
- Williams Companies Inc 4.82%
- Magellan Midstream Partners LP 4.71%
- TC Pipelines LP 4.59%
- NuStar Energy LP 4.30%
Asset Allocation
Weighting | Return Low | Return High | SPMWX % Rank | |
---|---|---|---|---|
Stocks | 95.85% | 38.98% | 143.94% | 88.00% |
Other | 2.73% | -46.90% | 15.37% | 7.20% |
Preferred Stocks | 0.98% | 0.00% | 5.12% | 20.80% |
Cash | 0.45% | -43.94% | 14.71% | 64.00% |
Convertible Bonds | 0.00% | 0.00% | 6.97% | 88.80% |
Bonds | 0.00% | 0.00% | 62.76% | 89.60% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SPMWX % Rank | |
---|---|---|---|---|
Energy | 90.86% | 16.11% | 100.00% | 52.80% |
Basic Materials | 7.05% | 0.00% | 7.05% | 4.00% |
Utilities | 2.09% | 0.00% | 56.21% | 71.20% |
Technology | 0.00% | 0.00% | 18.83% | 89.60% |
Real Estate | 0.00% | 0.00% | 17.61% | 89.60% |
Industrials | 0.00% | 0.00% | 7.68% | 91.20% |
Healthcare | 0.00% | 0.00% | 0.00% | 88.80% |
Financial Services | 0.00% | 0.00% | 11.94% | 88.80% |
Communication Services | 0.00% | 0.00% | 4.72% | 88.80% |
Consumer Defense | 0.00% | 0.00% | 0.52% | 88.80% |
Consumer Cyclical | 0.00% | 0.00% | 3.95% | 88.80% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SPMWX % Rank | |
---|---|---|---|---|
US | 95.36% | 35.24% | 143.94% | 20.80% |
Non US | 0.49% | 0.00% | 47.08% | 87.20% |
SPMWX - Expenses
Operational Fees
SPMWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.46% | 0.40% | 5.51% | 65.87% |
Management Fee | 0.70% | 0.00% | 2.64% | 8.45% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 68.85% |
Administrative Fee | N/A | 0.04% | 0.25% | N/A |
Sales Fees
SPMWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
SPMWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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 | 23.00% | 13.00% | 135.00% | 17.07% |
SPMWX - Distributions
Dividend Yield Analysis
SPMWX | Category Low | Category High | SPMWX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 13.05% | 90.21% |
Dividend Distribution Analysis
SPMWX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
SPMWX | Category Low | Category High | SPMWX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.65% | -49.00% | 5.74% | 61.60% |
Capital Gain Distribution Analysis
SPMWX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
SPMWX - Fund Manager Analysis
Managers
Stuart Cartner
Start Date
Tenure
Tenure Rank
Mar 31, 2010
10.76
10.8%
Stuart Cartner, Portfolio Manager, who has been responsible for the Invesco Advisers, Inc. since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of operations, Mr. Cartner managed the predecessor fund since 2010 and was associated with OppenheimerFunds, a global asset management firm, since 2012. Stuart Cartner served 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
10.76
10.8%
Brian Watson, CFA, Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Watson managed the predecessor fund since 2010 and was associated with OppenheimerFunds, a global asset management firm since 2012. 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 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 |
---|---|---|---|
0.2 | 16.85 | 6.73 | 10.76 |