Invesco SteelPath MLP Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Invesco SteelPath MLP Income Fund held 29 positions with $4.45B in net assets. Its ten largest holdings made up 98.0% of the fund. The MLPRX share class costs 2.64% a year. Over the 12 months to May 2026, MLPRX returned 22.0%, with dividends reinvested. In 2026 Q2 it added no new positions and exited 2.
The Funds investment objective is to seek total return.
The fund invests at least 80% of its net assets in income-producing master limited partnerships and similar instruments engaged in the transportation, storage, processing, and marketing of natural resources, with a focus on midstream energy infrastructure; the adviser selects holdings through fundamental analysis of business quality, cash flow growth, distribution stability, and management strength, typically favoring higher-yielding securities. Because the fund is non-diversified, it may hold a limited number of issuers, concentrating risk in a small group of energy sector companies.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Western Midstream Partners, L.P. | 15.28% | $680.50M | 15.9M | $42.87 |
Enterprise Products Partners L.P. | 14.97% | $666.82M | 18.1M | $36.79 |
Energy Transfer L.P. | 14.90% | $663.58M | 34.6M | $19.17 |
MPLX L.P. | 13.87% | $617.80M | 11.3M | $54.65 |
Plains All American Pipeline, L.P. | 10.87% | $484.11M | 21.6M | $22.43 |
Sunoco L.P. | 8.54% | $380.21M | 5.9M | $64.94 |
USA Compression Partners, L.P. | 5.66% | $251.94M | 9.2M | $27.53 |
5.60% | $249.58M | 11.9M | $20.96 | |
NGL Energy Partners L.P. | 4.76% | $212.25M | 12.4M | $17.10 |
3.55% | $157.98M | 2.4M | $66.85 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 29 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 115.27% |
| Cash & short-term | 1.24% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Utilities
- 35.0%
- Energy
- 33.1%
- Other
- 26.0%
- Consumer Staples
- 3.0%
- 4 other sectors
- 2.9%
- Utilities
- 35.0%
- Energy
- 33.1%
- Other
- 26.0%
- Consumer Staples
- 3.0%
- Materials
- 1.5%
- Cash
- 1.1%
- Consumer Discretionary
- 0.2%
- International
- 0.2%
How it has done
MLPRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.40%. Past returns are a record, not a forecast.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 2.64% | +22.02% | +81.02% | +138.16% | -7.84% | |
| 2.14% | +22.55% | +83.76% | +144.02% | -7.69% | |
| 1.64% | +23.29% | +86.37% | +150.25% | -7.61% | |
| 1.56% | +23.34% | +86.23% | +149.83% | -7.55% | |
| 1.56% | +23.35% | +86.60% | +150.71% | -7.49% | |
| 1.89% | +22.95% | +84.82% | +146.96% | -7.64% |
These classes hold the same portfolio, so the 12.55pp spread over 5 years is the cost difference between them — roughly 2.51pp a year — not a difference in what they own.
Fees & fund details
Invesco SteelPath MLP Income Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 1.56% – 2.64%· MLPRX 2.64%
- Portfolio turnover
- 7.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
2 exited
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