MLPNX Performance — Invesco SteelPath MLP Alpha Plus Fund, Class Y
Data updated: 2026-07-28
MLPNX returned +22.42% year to date and +28.06% over one year to May 2026. Annualised returns are +32.88% over 3 years and +27.94% over 5 years. Against its Energy Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $235, against $195 for the category, and to $128 over one year, against $134. Volatility over the past three years was 18.20% a year. In the 12 months to May 2026 the fund lost a net $32.4M, and assets reached $328.30M.
MLPNX Growth of $100
What $100 invested in Invesco SteelPath MLP Alpha Plus Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Energy Equity category average over the same months.
| Period | MLPNX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $128 | $134 |
| 3 years (Jun 2023 – May 2026) | $235 | $195 |
| 5 years (Jun 2021 – May 2026) | $343 | $274 |
| Since data start (Sep 2019 – May 2026) | $296 | $307 |
MLPNX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.42% |
| 1 year | +28.06% |
| 3 years (annualised) | +32.88% |
| 5 years (annualised) | +27.94% |
MLPNX Annual Returns
Calendar-year total returns of Invesco SteelPath MLP Alpha Plus Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +22.42% |
| 2025 | +4.61% |
| 2024 | +48.13% |
| 2023 | +25.29% |
| 2022 | +38.55% |
| 2021 | +55.14% |
| 2020 | −43.07% |
| 2019 (Sep–Dec) | +1.68% |
MLPNX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.7% | +10.4% | +2.8% | +3.4% | −4.0% | — | — | — | — | — | — | — |
| 2025 | +7.3% | +2.0% | +0.1% | −9.9% | +1.3% | +4.0% | +0.9% | −0.8% | −2.0% | −3.7% | +6.8% | −0.3% |
| 2024 | +1.8% | +6.6% | +8.5% | −0.1% | +2.5% | +5.3% | +2.1% | +2.8% | −0.2% | +2.7% | +18.3% | −8.2% |
| 2023 | +7.6% | −2.2% | −1.0% | +3.1% | −5.7% | +7.9% | +6.2% | +1.2% | +2.8% | −0.6% | +7.0% | −2.4% |
| 2022 | +14.5% | +6.5% | +6.2% | −1.3% | +8.1% | −17.3% | +16.3% | +3.5% | −12.3% | +17.7% | +2.8% | −4.9% |
| 2021 | +4.3% | +9.3% | +7.7% | +9.2% | +11.1% | +6.0% | −7.0% | −0.6% | +4.2% | +6.4% | −8.0% | +4.2% |
| 2020 | −11.1% | −14.5% | −60.1% | +61.5% | +12.5% | −8.7% | −3.0% | +0.5% | −16.5% | +5.8% | +27.3% | +3.4% |
| 2019 | — | — | — | — | — | — | — | — | +3.0% | −7.0% | −8.5% | +15.9% |
MLPNX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.20%
- 3-year Sharpe ratio: 1.56 (vs 4.5% risk-free rate)
- Best month: +18.30% (Nov 2024)
- Worst month: −9.86% (Apr 2025)
MLPNX Fund Flows
Monthly money in and out of Invesco SteelPath MLP Alpha Plus Fund, from SEC Form N-PORT.
- 12-month net flow: −$32.4M
- 12-month gross sales (incl. reinvestments): $61.7M
- Sales ÷ redemptions: 0.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.1M | $6.1M | −$1.1M |
| Apr 2026 | $14.8M | $8.5M | $6.3M |
| Mar 2026 | $5.4M | $8.5M | −$3.2M |
| Feb 2026 | $7.1M | $6.6M | $459K |
| Jan 2026 | $3.6M | $6.4M | −$2.9M |
| Dec 2025 | $1.4M | $4.9M | −$3.5M |
| Nov 2025 | $4.2M | $9.9M | −$5.8M |
| Oct 2025 | $3.9M | $11.3M | −$7.4M |
| Sep 2025 | $2.8M | $9.6M | −$6.8M |
| Aug 2025 | $3.5M | $7.1M | −$3.6M |
| Jul 2025 | $4.4M | $9.7M | −$5.3M |
| Jun 2025 | $5.7M | $5.5M | $204K |
MLPNX Assets Under Management
Net assets of Invesco SteelPath MLP Alpha Plus Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $328.30M |
| 2026-02-28 | $324.23M |
| 2025-11-30 | $279.66M |
| 2025-08-31 | $304.36M |
| 2025-05-31 | $305.31M |
| 2025-02-28 | $338.19M |
| 2024-11-30 | $327.30M |
| 2024-08-31 | $265.63M |
| 2024-05-31 | $237.27M |
| 2024-02-29 | $208.96M |
| 2023-11-30 | $196.93M |
| 2023-08-31 | $187.21M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.