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Morningstar

Invesco SteelPath MLP Alpha A MLPAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 5.91  /  0.34 %
  • Total Assets 826.5 Mil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 3.100%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Energy Limited Partnership
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.56%
  • Turnover 31%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis MLPAX

Will MLPAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MLPAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MLPAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MLPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Invesco SteelPath MLP Alpha A to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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