SPMGX Performance — Invesco SteelPath MLP Alpha Fund, Class R
Data updated: 2026-07-28
SPMGX returned +15.66% year to date and +18.78% over one year to May 2026. Annualised returns are +26.24% over 3 years and +21.81% 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 $201, against $195 for the category, and to $119 over one year, against $134. Volatility over the past three years was 14.35% a year. In the 12 months to May 2026 the fund lost a net $86.6M, and assets reached $1.14B.
SPMGX Growth of $100
What $100 invested in Invesco SteelPath MLP Alpha Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Energy Equity category average over the same months.
| Period | SPMGX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $119 | $134 |
| 3 years (Jun 2023 – May 2026) | $201 | $195 |
| 5 years (Jun 2021 – May 2026) | $268 | $274 |
| Since data start (Sep 2019 – May 2026) | $262 | $307 |
SPMGX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.66% |
| 1 year | +18.78% |
| 3 years (annualised) | +26.24% |
| 5 years (annualised) | +21.81% |
SPMGX Annual Returns
Calendar-year total returns of Invesco SteelPath MLP Alpha Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +15.66% |
| 2025 | +4.07% |
| 2024 | +40.33% |
| 2023 | +19.97% |
| 2022 | +28.95% |
| 2021 | +38.76% |
| 2020 | −28.71% |
| 2019 (Sep–Dec) | +1.20% |
SPMGX 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 | +6.0% | +7.2% | +2.2% | +2.4% | −2.8% | — | — | — | — | — | — | — |
| 2025 | +5.0% | +1.6% | +0.1% | −6.9% | +2.0% | +2.7% | −0.1% | −0.6% | −1.3% | −2.4% | +4.7% | −0.1% |
| 2024 | +2.0% | +6.2% | +8.4% | −0.1% | −0.9% | +5.2% | +1.7% | +2.6% | −0.4% | +2.3% | +14.6% | −5.8% |
| 2023 | +5.1% | −1.5% | −0.9% | +3.2% | −4.8% | +6.0% | +6.1% | +1.0% | +1.2% | −0.4% | +6.5% | −2.3% |
| 2022 | +11.0% | +4.9% | +4.9% | −1.1% | +5.5% | −13.3% | +12.2% | +2.6% | −8.9% | +12.9% | +2.1% | −3.6% |
| 2021 | +3.6% | +7.0% | +5.8% | +6.8% | +8.0% | +4.9% | −5.5% | −0.4% | +3.1% | +4.9% | −6.8% | +3.1% |
| 2020 | −8.4% | −11.1% | −46.0% | +44.7% | +8.2% | −6.1% | −2.0% | +0.6% | −12.5% | +4.1% | +19.7% | +2.5% |
| 2019 | — | — | — | — | — | — | — | — | +2.2% | −5.5% | −5.7% | +11.2% |
SPMGX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.35%
- 3-year Sharpe ratio: 1.51 (vs 4.5% risk-free rate)
- Best month: +14.63% (Nov 2024)
- Worst month: −6.95% (Apr 2025)
SPMGX Fund Flows
Monthly money in and out of Invesco SteelPath MLP Alpha Fund, from SEC Form N-PORT.
- 12-month net flow: −$86.6M
- 12-month gross sales (incl. reinvestments): $162.9M
- Sales ÷ redemptions: 0.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $12.8M | $25.0M | −$12.2M |
| Apr 2026 | $14.5M | $20.0M | −$5.6M |
| Mar 2026 | $15.5M | $17.9M | −$2.3M |
| Feb 2026 | $13.4M | $17.0M | −$3.6M |
| Jan 2026 | $12.0M | $20.0M | −$8.0M |
| Dec 2025 | $8.2M | $19.6M | −$11.4M |
| Nov 2025 | $14.0M | $15.6M | −$1.6M |
| Oct 2025 | $13.3M | $34.4M | −$21.2M |
| Sep 2025 | $14.0M | $15.6M | −$1.6M |
| Aug 2025 | $12.3M | $22.1M | −$9.8M |
| Jul 2025 | $18.5M | $22.4M | −$3.8M |
| Jun 2025 | $14.4M | $19.9M | −$5.5M |
SPMGX Assets Under Management
Net assets of Invesco SteelPath MLP Alpha Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.14B |
| 2026-02-28 | $1.15B |
| 2025-11-30 | $1.05B |
| 2025-08-31 | $1.08B |
| 2025-05-31 | $1.09B |
| 2025-02-28 | $1.19B |
| 2024-11-30 | $1.18B |
| 2024-08-31 | $1.03B |
| 2024-05-31 | $944.64M |
| 2024-02-29 | $899.93M |
| 2023-11-30 | $869.88M |
| 2023-08-31 | $835.15M |
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.