MLPTX Fees and Costs — Invesco SteelPath MLP Select 40 Fund, Class Y
Data updated: 2026-07-28
The net expense ratio is 1.19%: a 0.69% management fee plus 0.50% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $512K in broker commissions, 0.0245% of average net assets, and portfolio turnover was 14%.
MLPTX Fees and Expenses
Annual operating expenses and sales charges of MLPTX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MLPTX Costs Over Time
On $10,000 invested in MLPTX, assuming 5% a year before costs, total costs come to $756 over 5 years, cutting the return by 1.28% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.19%) | $125 | $389 | $673 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $417 | $756 |
| Value after costs | $10,372 | $11,160 | $12,006 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
MLPTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0245%
- Total broker commissions: $512K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $101K (0.005% of average net assets)
MLPTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $118K | 27.89% |
| INVESCO CAPITAL MARKETS, INC. | $77K | 18.36% |
| J.P. MORGAN SECURITIES LLC | $70K | 16.63% |
| CITIGROUP GLOBAL MARKETS INC. | $49K | 11.67% |
| MORGAN STANLEY & CO. LLC | $26K | 6.12% |
| UBS SECURITIES LLC | $17K | 4.12% |
| GOLDMAN, SACHS & CO. | $17K | 4.06% |
| LIQUIDNET, INC. | $16K | 3.87% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $15K | 3.66% |
| BARCLAYS CAPITAL INC. | $15K | 3.63% |
Invesco SteelPath MLP Select 40 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OSPSX | Class R6 | 1.09% | none |
| SPMVX | Class R5 | 1.10% | none |
| MLPTX | Class Y | 1.19% | none |
| MLPFX | Class A | 1.44% | 5.50% |
| SPMWX | Class R | 1.69% | none |
| MLPEX | Class C | 2.19% | none |
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.