OSPPX Fees and Costs — Invesco SteelPath MLP Alpha Plus Fund, Class R6
Data updated: 2026-07-28
The net expense ratio is 3.42%: a 1.24% management fee plus 2.17% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $199K in broker commissions, 0.0650% of average net assets, and portfolio turnover was 25%.
OSPPX Fees and Expenses
Annual operating expenses and sales charges of OSPPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.17% |
| Gross expense ratio | 3.42% |
| Fee waiver | — |
| Net expense ratio | 3.42% |
| 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 |
OSPPX Costs Over Time
On $10,000 invested in OSPPX, assuming 5% a year before costs, total costs come to $2,074 over 5 years, cutting the return by 3.66% 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 3.42%) | $359 | $1,092 | $1,844 |
| Trading costs (broker commissions) | $7 | $21 | $35 |
| Lost growth on money paid in costs | $0 | $56 | $195 |
| Total costs | $366 | $1,169 | $2,074 |
| Value after costs | $10,134 | $10,408 | $10,689 |
| Impact on return, per year | 3.66% | 3.66% | 3.66% |
OSPPX 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): 0.0650%
- Total broker commissions: $199K
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $241K
- Net income from securities lending: $6K (0.002% of average net assets)
OSPPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $42K | 24.63% |
| CITIGROUP GLOBAL MARKETS INC. | $40K | 23.19% |
| RAYMOND JAMES & ASSOCIATES, INC. | $26K | 15.24% |
| UBS SECURITIES LLC | $16K | 9.04% |
| TD Securities (USA) LLC | $9K | 5.30% |
| GOLDMAN, SACHS & CO. | $9K | 4.97% |
| MORGAN STANLEY & CO. LLC | $8K | 4.88% |
| BARCLAYS CAPITAL INC. | $8K | 4.83% |
| INSTINET, LLC | $7K | 4.24% |
| JEFFERIES LLC | $6K | 3.68% |
OSPPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $10.9M | 100.00% |
Invesco SteelPath MLP Alpha Plus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OSPPX | Class R6 | 3.42% | none |
| SPMPX | Class R5 | 3.42% | none |
| MLPNX | Class Y | 3.49% | none |
| MLPLX | Class A | 3.74% | 5.50% |
| SPMJX | Class R | 3.99% | none |
| MLPMX | Class C | 4.49% | 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.