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Morningstar

Invesco SteelPath MLP Alpha Plus R6 OSPPX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 5.48  /  +0.37 %
  • Total Assets 232.9 Mil
  • Adj. Expense Ratio
    5.610%
  • Expense Ratio 7.730%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Energy Limited Partnership
  • Investment Style Mid Value
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.85%
  • Turnover 42%

USD | NAV as of May 08, 2024 | 1-Day Return as of May 08, 2024, 10:14 PM GMT+0

Morningstar’s Analysis OSPPX

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

  • People Pillar

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

Invesco SteelPath MLP Alpha Plus R6's recent fee hike leads to a downgrade to this strategy's Morningstar Medalist Rating to Negative from 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings OSPPX

More OSPPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 107.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Energy Transfer LP

17.54 42.7 Mil
Energy

MPLX LP Partnership Units

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Energy

Targa Resources Corp

16.36 39.8 Mil
Energy

Western Midstream Partners LP

15.65 38.1 Mil
Energy

Enterprise Products Partners LP

12.00 29.2 Mil
Energy

Plains All American Pipeline LP

8.63 21.0 Mil
Energy

ONEOK Inc

8.03 19.5 Mil
Energy

Williams Companies Inc

5.19 12.6 Mil
Energy

Cheniere Energy Inc

3.77 9.2 Mil
Energy

EnLink Midstream LLC

3.43 8.3 Mil
Energy