SPMGXETF / FundInvesco SteelPath MLP Alpha Fund
Verdicts genuinely change. Free email alert the moment SPMGX's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Invesco SteelPath MLP Alpha Fund · AIM Investment Funds (Invesco Investment Funds)
22 holdings
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 108% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 38.42% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 69% turns out to be. Matching more holdings can only raise this share, never lower it.
22 holdings, 11 matched (36% of weight). Portfolio as of 2026-08-31, filed 2026-10-30. Source: SEC Form N-PORT.
0.11% of this portfolio’s income is non-permissible — weighted across holdings, computed over 36% of portfolio weight (11 of 22 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (22)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Energy Transfer L.P. | UNSCREENED | 12.29% | no in-house ratios for this holding |
| MPLX L.P. | UNSCREENED | 12.26% | no in-house ratios for this holding |
| Western Midstream Partners, L.P. | UNSCREENED | 10.75% | no in-house ratios for this holding |
| EPD Enterprise Products Partners L.P. | NON_COMPLIANT | 9.60% | AAOIFI40.5% Usmani41.8% Dow Jones Islamic50.1% S&P Shariah54.6% MSCI Islamic41.6% MSCI Islamic M-Series54.6% FTSE Shariah40.6% |
| TRGP Targa Resources Corp. | NON_COMPLIANT | 9.57% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| Plains All American Pipeline, L.P. | UNSCREENED | 7.66% | no in-house ratios for this holding |
| USA Compression Partners, L.P. | UNSCREENED | 5.57% | no in-house ratios for this holding |
| Sunoco L.P. | UNSCREENED | 5.49% | no in-house ratios for this holding |
| Hess Midstream L.P. | UNSCREENED | 5.21% | no in-house ratios for this holding |
| LNG Cheniere Energy, Inc. | NON_COMPLIANT | 4.13% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| ONEOK, Inc. | UNSCREENED | 4.00% | no in-house ratios for this holding |
| WMB Williams Cos., Inc. (The) | NON_COMPLIANT | 3.40% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| SUNC Sunococorp LLC | NON_COMPLIANT | 2.75% | AAOIFI362.1% Usmani51.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic49.6% MSCI Islamic M-Series— FTSE Shariah44.5% |
| Plains GP Holdings, L.P. | UNSCREENED | 2.29% | no in-house ratios for this holding |
| TRP TC Energy Corp. | NON_COMPLIANT | 2.24% | AAOIFI2.2% Usmani1.7% Dow Jones Islamic2.6% S&P Shariah2.9% MSCI Islamic1.7% MSCI Islamic M-Series2.9% FTSE Shariah1.3% |
| KMI Kinder Morgan, Inc. | NON_COMPLIANT | 2.23% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| Genesis Energy, L.P. | UNSCREENED | 2.07% | no in-house ratios for this holding |
| KGS Kodiak Gas Services, Inc. | NON_COMPLIANT | 1.90% | AAOIFI43.8% Usmani51.2% Dow Jones Islamic74.1% S&P Shariah90.9% MSCI Islamic50.3% MSCI Islamic M-Series90.9% FTSE Shariah49.5% |
| ENB.TO Enbridge Inc. | NON_COMPLIANT | 1.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KNTK Kinetik Holdings Inc. | NON_COMPLIANT | 1.05% | AAOIFI43.0% Usmani55.5% Dow Jones Islamic56.5% S&P Shariah62.5% MSCI Islamic55.5% MSCI Islamic M-Series62.5% FTSE Shariah54.8% |
| Archrock, Inc. | UNSCREENED | 0.95% | no in-house ratios for this holding |
| DTM DT Midstream, Inc. | COMPLIANT | 0.77% | AAOIFI25.5% Usmani33.0% Dow Jones Islamic30.1% S&P Shariah36.3% MSCI Islamic33.0% MSCI Islamic M-Series36.3% FTSE Shariah32.6% |
The published standards disagree about this fund by 1 points of portfolio weight — 3.0% of it passes AAOIFI, 2.2% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 3.0% ratios fail on 36.2% 68.5% not rated under AAOIFI
ratios pass on 2.2% ratios fail on 36.9% 68.5% not rated under Usmani
ratios pass on 3.0% ratios fail on 33.4% 71.3% not rated under Dow Jones Islamic
ratios pass on 2.2% ratios fail on 34.2% 71.3% not rated under S&P Shariah
ratios pass on 3.0% ratios fail on 36.2% 68.5% not rated under MSCI Islamic
ratios pass on 2.2% ratios fail on 34.2% 71.3% not rated under MSCI Islamic M-Series
ratios pass on 3.0% ratios fail on 36.2% 68.5% not rated under FTSE Shariah
11 of 22 listed holdings carry our own per-methodology verdicts (39% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 10 (38% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| EPD Enterprise Products Partners L.P. | 9.60% |
| TRGP Targa Resources Corp. | 9.57% |
| LNG Cheniere Energy, Inc. | 4.13% |
| WMB Williams Cos., Inc. (The) | 3.40% |
| SUNC Sunococorp LLC | 2.75% |
| TRP TC Energy Corp. | 2.24% |
| KMI Kinder Morgan, Inc. | 2.23% |
| KGS Kodiak Gas Services, Inc. | 1.90% |
| ENB.TO Enbridge Inc. | 1.56% |
| KNTK Kinetik Holdings Inc. | 1.05% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Invesco SteelPath MLP Alpha Fund (SPMGX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Screened on its holdings, not its name
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| Energy Transfer L.P.not matched to a ticker | 12.29% | Not screened |
| MPLX L.P.not matched to a ticker | 12.26% | Not screened |
| Western Midstream Partners, L.P.not matched to a ticker | 10.75% | Not screened |
| EPDEnterprise Products Partners L.P. | 9.60% | Non-compliant |
| TRGPTarga Resources Corp. | 9.57% | Non-compliant |
| Plains All American Pipeline, L.P.not matched to a ticker | 7.66% | Not screened |
| USA Compression Partners, L.P.not matched to a ticker | 5.57% | Not screened |
| Sunoco L.P.not matched to a ticker | 5.49% | Not screened |
| Hess Midstream L.P.not matched to a ticker | 5.21% | Not screened |
| LNGCheniere Energy, Inc. | 4.13% | Non-compliant |
Top 10 of 22 holdings, 82.5% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- Energy Transfer L.P.not screened12.29%
- MPLX L.P.not screened12.26%
- Western Midstream Partners, L.P.not screened10.75%
- EPDnon-compliant9.60%
- TRGPnon-compliant9.57%
- Plains All American Pipeline, L.P.not screened7.66%
What changed, and when
Verdict history for SPMGX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for SPMGX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 5 days - this is not a reading of today
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 63.30 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 202.65 | SELL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.05 | BUY |
| ROC (10) | 3.38 | BUY |
| Momentum (10) | 0.32 | BUY |
| EMA (10) | 9.62 | BUY |
| SMA (10) | 9.58 | BUY |
| EMA (20) | 9.57 | BUY |
| SMA (20) | 9.52 | BUY |
| EMA (30) | 9.57 | BUY |
| SMA (30) | 9.50 | BUY |
| EMA (50) | 9.57 | BUY |
| SMA (50) | 9.64 | BUY |
| EMA (100) | 9.47 | BUY |
| SMA (100) | 9.52 | BUY |
| EMA (200) | 9.09 | BUY |
| SMA (200) | 9.21 | BUY |
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.