---
ticker: "PIPE"
name: "Invesco SteelPath MLP & Energy Infrastructure ETF"
url: "https://etf.net/etf/PIPE"
grade: "C"
score: 41
graded_at: "2026-10-12"
category: "Energy (Broad)"
category_rank: "15 of 25"
methodology: "https://etf.net/methodology"
---

# PIPE: Invesco SteelPath MLP & Energy Infrastructure ETF

Grade **C**, Score 41 of 100. Rank 15 of 25 in Energy (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 23 | 19 of 25 |
| Mission | 67 | 5 of 7 |
| Risk | 69 | 7 of 24 |
| Tradability | 34 | 16 of 25 |
| Holdings | 68 | 10 of 25 |
| Durability | 37 | 18 of 25 |

## Top holdings

The fund holds 28 positions. These are the largest 28, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | TRGP | Targa Resources Corp | 8.67% |
| 2 | PAGP | Plains GP Holdings LP | 6.54% |
| 3 | WMB | Williams Cos Inc/The | 6.40% |
| 4 | TRP | TC Energy Corp | 5.50% |
| 5 | LNG | Cheniere Energy Inc | 5.01% |
| 6 | OKE | ONEOK Inc | 4.95% |
| 7 | PBA | Pembina Pipeline Corp | 4.83% |
| 8 | KMI | Kinder Morgan Inc | 4.64% |
| 9 | ET | Energy Transfer LP | 4.64% |
| 10 | KEYUF | Keyera Corp | 4.43% |
| 11 | EPD | Enterprise Products Partners LP | 4.10% |
| 12 | MPLX | Mplx Lp | 3.95% |
| 13 | KGS | Kodiak Gas Services Inc | 3.93% |
| 14 | ENB | Enbridge Inc | 3.88% |
| 15 | SOBO | South Bow Corp | 3.53% |
| 16 | SUNC | Sunococorp LLC | 3.50% |
| 17 | AM | Antero Midstream Corp | 3.18% |
| 18 | KNTK | Kinetik Holdings Inc | 2.98% |
| 19 | GEL | Genesis Energy LP | 2.95% |
| 20 | WES | Western Midstream Partners LP | 2.81% |
| 21 | DTM | DT Midstream Inc | 2.07% |
| 22 | ATGFF | AltaGas Ltd | 2.05% |
| 23 | AROC | Archrock Inc | 1.84% |
| 24 | HESM | Hess Midstream LP | 1.34% |
| 25 | GBNXF | Gibson Energy Inc | 1.16% |
| 26 | AGPXX | Invesco Government & Agency Portfolio | 0.97% |
| 27 | — | USD Pending Dividends | 0.14% |
| 28 | — | Cash & Equivalents | <0.01% |

Source: etf.net, https://etf.net/etf/PIPE. Please cite the page URL.