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Invesco Steelpath MLP & Energy Infrastructure ETF

PIPE·CBOE
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Key Stats

Assets Under Management
61.09MUSD
Fund Flow (1Y)
26.42MUSD
Dividend Yield
4.05%
Discount / Premium to NAV
1.29%
Shares Outstanding
2.10M
Expense Ratio
0.75%

About Invesco Steelpath MLP & Energy Infrastructure ETF

Issuer
Invesco Capital Management LLC
Brand
Invesco
Inception Date
Feb 20, 2025
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PIPE invests in master limited partnerships, MLPs, and securities from energy infrastructure companies. Investors consider MLPs for stable income and preferred tax treatment. PIPE targets MLPs and energy firms generating revenue from activities like gathering, processing, and transporting natural gas and oil. MLP exposure is capped at 25% of the fund's assets and are considered qualified publicly traded partnerships for tax purposes, tax deferred. The fund also invests in energy infrastructure companies with significant energy-related assets or income, with up to 40% of assets in foreign securities, primarily Canadian. The funds portfolio emphasizes companies with strong fundamentals, cash flow growth, and stable management, minimizing commodity price exposure. Holdings are adjusted based on changing conditions or risk-return profiles.

Classification

Asset Class
Equity
Category
Sector
Focus
Energy
Niche
MLPs
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary

Holdings

Symbol

Ratio

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TRGP

Targa Resources
7.44%
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WMB

The Williams
6.49%
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TRP

TC Energy
5.96%
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PAGP

Plains GP
5.82%
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LNG

Cheniere Energy
5.00%

Symbol

Ratio

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OKE

Oneok
4.82%
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KMI

Kinder Morgan
4.75%
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PBA

Pembina Pipeline
4.60%
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ENB

Enbridge
4.58%
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KGS

Kodiak Gas
4.46%

Top 10 Weight 53.92%

27 Total Holding

See all holdings

Related Funds

Seasonals

Volume Profile

Trade Flow Insight

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