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Morningstar

Invesco SteelPath MLP Alpha C MLPGX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 5.41  /  0.92 %
  • Total Assets 837.4 Mil
  • Adj. Expense Ratio
    3.110%
  • Expense Ratio 3.140%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Energy Limited Partnership
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.88%
  • Turnover 25%

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MLPGX

Will MLPGX 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 MLPGX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MLPGX 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 MLPGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Invesco SteelPath MLP Alpha C's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MLPGX

More MLPGX Holdings
  • Current Portfolio Date
  • Equity Holdings 18
  • Bond Holdings 0
  • Other Holdings 2
  • % Assets in Top 10 Holdings 85.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Energy Transfer LP

13.33
107,787,008
Energy

Targa Resources Corp

13.12
106,085,302
Energy

MPLX LP Partnership Units

12.82
103,669,866
Energy

Western Midstream Partners LP

12.43
100,448,743
Energy

Enterprise Products Partners LP

10.12
81,848,054
Energy

Plains All American Pipeline LP

6.48
52,400,408
Energy

Magellan Midstream Partners LP

4.93
39,859,373
Energy

Williams Companies Inc

4.87
39,400,758
Energy

Cheniere Energy Inc

4.54
36,724,854
Energy

ONEOK Inc

3.28
26,478,065
Energy