OSPMX Fees and Costs — Invesco SteelPath MLP Income Fund, Class R6
Data updated: 2026-07-28
The net expense ratio is 1.56%: a 0.93% management fee plus 0.63% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $755K in broker commissions, 0.0190% of average net assets, and portfolio turnover was 7%.
OSPMX Fees and Expenses
Annual operating expenses and sales charges of OSPMX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.56% |
| Fee waiver | — |
| Net expense ratio | 1.56% |
| 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 |
OSPMX Costs Over Time
On $10,000 invested in OSPMX, assuming 5% a year before costs, total costs come to $976 over 5 years, cutting the return by 1.66% 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 1.56%) | $164 | $508 | $876 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $166 | $540 | $976 |
| Value after costs | $10,334 | $11,036 | $11,787 |
| Impact on return, per year | 1.66% | 1.66% | 1.66% |
OSPMX 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): 0.0190%
- Total broker commissions: $755K
- Bought from dealers (principal trades, not a cost): $14.9M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $89K (0.002% of average net assets)
OSPMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $209K | 31.52% |
| J.P. MORGAN SECURITIES LLC | $127K | 19.19% |
| INVESCO CAPITAL MARKETS, INC. | $56K | 8.39% |
| CITIGROUP GLOBAL MARKETS INC. | $54K | 8.20% |
| UBS SECURITIES LLC | $52K | 7.90% |
| MORGAN STANLEY & CO. LLC | $47K | 7.13% |
| GOLDMAN, SACHS & CO. | $38K | 5.73% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $38K | 5.70% |
| ROBERT W. BAIRD & CO. INC. | $21K | 3.13% |
| BARCLAYS CAPITAL INC. | $21K | 3.11% |
OSPMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $14.9M | 100.00% |
Invesco SteelPath MLP Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OSPMX | Class R6 | 1.56% | none |
| SPMQX | Class R5 | 1.56% | none |
| MLPZX | Class Y | 1.64% | none |
| MLPDX | Class A | 1.89% | 5.50% |
| SPNNX | Class R | 2.14% | none |
| MLPRX | Class C | 2.64% | 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.