Invesco SteelPath MLP Alpha A

Frequently Asked Questions About MLPAX

What does MLPAX invest in?

This investment vehicle commits at least 80% of its total net assets—including any funds acquired through borrowing for investment—to Master Limited Partnerships (MLPs). These MLPs are issued by entities whose core business functions involve the handling, storage, transformation, purification, sale, discovery, extraction, and excavation of minerals and natural resources. Furthermore, the fund allocates capital to derivatives and other financial instruments that mirror the economic attributes of such MLP investments. It is important to note that this fund maintains a non-diversified portfolio.

What is the expense ratio of MLPAX?

Invesco SteelPath MLP Alpha A (MLPAX) charges an expense ratio of 1.54%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MLPAX?

Invesco SteelPath MLP Alpha A (MLPAX) manages $1.17B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MLPAX actively managed or an index fund?

MLPAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MLPAX launched?

Invesco SteelPath MLP Alpha A (MLPAX) launched in April 2010 and is managed by Invesco.

How has MLPAX performed?

MLPAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.