# Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPP) **Source:** https://fundology.uk/fund/mlpp · ISIN IE00B8CJW150 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, MLPP (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF, ISIN IE00B8CJW150) closed at £41.07 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 30/09/2026 its total return was +159.5%, or +102.8% after UK CPIH inflation. ## Summary Invesco Morningstar US Energy Infrastructure MLP UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2013. It tracks the Morningstar MLP Composite Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£41.07** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MLPP | | ISIN | IE00B8CJW150 | | Category | Property & infrastructure | | Type | ETF | | Provider | Invesco | | Tracks | Morningstar MLP Composite Index | | Income | Distributing | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £202m | | Launched | 2013 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +26.29% | +22.32% | income reinvested | | 3 years | +51.19% | +36.43% | income reinvested | | 5 years | +159.46% | +102.83% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF in pounds (price only, income paid out not included): 2022 +36.1%, 2023 +3.5%, 2024 +13.1%, 2025 −10.9%; 2026 to 30/09/2026 +14.0%. Returns of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.0%; to 30/09/2025: +2.4%; to 30/09/2024: −1.0%; to 30/09/2023: +3.3%; to 30/09/2022: +39.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +36.1% | +24.6% | Price | | 2023 | +3.5% | -0.6% | Price | | 2024 | +13.1% | +9.3% | Price | | 2025 | -10.9% | -14.0% | Price | | 2026 to 30/09/2026 | +14.0% | +10.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 18.55% | -8.96% | | 3 years | 18.18% | -21.83% | | 5 years | 20.59% | -21.83% | ## Largest fall Volatility of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 18.5% over 1 year, 18.2% over 3 years, 20.6% over 5 years. Largest fall in the price of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF since October 2021, in pounds: −21.8% from 17/01/2025 to 17/10/2025. The lowest 12-month return of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −16.1% (12 months to 30/01/2026); the highest was +49.2% (12 months to 16/09/2022). On 30/09/2026 the price of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF was 9.7% below its highest weekly close since October 2021 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF 0.50% a year, as of 01/10/2026: 20 of the 51 other property and infrastructure funds charge more, 1 the same and 30 less (share classes counted once). ## Funds tracking the same index 2 funds track Morningstar MLP Composite Index, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.50% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (this fund) | 0.50% | +26.3% | +51.2% | +159.5% | | Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | 0.50% | +26.2% | +51.2% | +159.4% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Sunoco Unt | 10.42% | | Mplx Com Unt | 10.20% | | Plains All American Pipeline Unt | 9.98% | | Energy Transfer Unt | 9.94% | | Enterprise Products Partners Unt | 9.88% | | Western Midstream Partners Com Unt | 9.68% | | Icahn Enterprises Unt | 5.35% | | Black Stone Minerals Unt | 5.28% | | Delek Logistics Partners Com Unt | 5.16% | | Alliance Resource Partners Unt | 4.96% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by Invesco, as of 30/09/2026. | Sector | Weight | |---|---| | Information Technology | 30.1% | | Consumer Discretionary | 15.7% | | Financials | 15.2% | | Health Care | 13.9% | | Communication Services | 10.3% | | Industrials | 8.5% | | Materials | 3.4% | | Real Estate | 2.0% | | Other sectors | 0.9% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | United States | 88.1% | | Brazil | 3.5% | | South Korea | 2.7% | | United Kingdom | 2.6% | | Cayman Islands | 2.5% | | Singapore | 0.4% | | Netherlands | 0.3% | All 14 holdings: https://fundology.uk/fund/mlpp/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.