Summary
Invesco SteelPath MLP Alpha A is a mutual fund. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 24. The ten largest make up 77% of the fund.
- Positions
- 24
- Dividend yield
- 5.67%
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 77% of the fund, so its result rests on a few names.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -3.4%
- 3 months
- -5.3%
- This year
- +12%
- 1 year
- +14%
- 3 years
- +50%
- 5 years
- +89%
- 10 years
- +3.8%
- Avg. market cap
- $44.5B
- P/E
- 13.4x
- Forward P/E
- 14.8x
- P/S
- 1.0x
- P/B
- 3.5x
- P/FCF
- 13.9x
- EV/EBITDA
- 10.7x
- Dividend yield
- 5.84%
- ROIC
- 10.9%
- ROE
- 35.1%
- Gross margin
- 40.2%
- Operating margin
- 28.3%
- Net margin
- 18.3%
- Payout ratio
- 78.2%
- Net debt/EBITDA
- 3.7x
- Beta
- 0.25
Weighted average of the 18 largest companies, which make up 76% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 MPMPLX LP MPLX 12%
- 2 Energy Transfer LP 11%
- 3 WEWestern Midstream Partners, LP WES 9.9%
- 4 TRTarga Resources Corp. TRGP 9.3%
- 5 EPEnterprise Products Partners L.P. EPD 9.0%
- 6 PAPlains All American Pipeline, L.P. PAA 7.6%
- 7 Sunoco LP 4.9%
- 8 USA Compression Partners LP 4.6%
- 9 LNCheniere Energy, Inc. LNG 4.4%
- 10 HEHess Midstream LP HESM 4.1%
Positions in the fund: 24. The ten largest make up 77% of it.
Composition as of Nov 6, 2026.
Where is it spread?
By company size
- Large cap 85%
- Mid cap 12%
- Small cap 2.3%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 76% of the fund.
Largest size group: Large cap (85%).
What does it cost me?
We do not know the costs of this fund.
How has it done?
Growing slowly- A year on average, 10 years
- +0.4%
- Deepest drop
- -22%
- Yearly volatility
- 14%
Average yearly growth over the last ten years: 0.4%. Deepest drop in these years: 22% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 5.67%
- Payments a year
- 11
- Last payment
- $0.05
Over the last 12 months it paid $0.52 per share, which is 5.67% of today's price. The last payment was $0.05 on Nov 4, 2026.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 13.4
- Average Bulios Score
- 63 out of 100
Weight by Bulios Fair Price
- Undervalued 66%
- Fairly valued 0.0%
- Overvalued 34%
On average the companies inside trade for 13.4 times their yearly profit. By Fair Price, 66% of the rated weight comes out as undervalued.
Counted from its largest companies (18), which make up 76% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
AM AMZA InfraCap MLP ETF | United States | 1.72% | $441.7M | +17% | Pays out | 79% |
ML MLPA Global X - MLP ETF | United States | 0.77% | $2.28B | +7.3% | Pays out | 65% |
AM AMLP Alerian MLP ETF | United States | 1.01% | $12.1B | +7.0% | Pays out | 65% |
SM SMLP.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | Ireland | 0.50% | $391.0M | +18% | Reinvests | 58% |
SM SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | Ireland | 0.50% | $390.7M | +8.3% | Pays out | 58% |
ML MLPX Global X - MLP & Energy Infrastructure ETF | United States | 0.45% | $3.43B | +18% | Pays out | 53% |
