ETF · Invesco
MLPQ Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc
ISIN IE00B94ZB998London Stock Exchange: MLPQInvesco Ltd.
- Property & infrastructure
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£119.98
on
- Ongoing charge
- 0.50% a year
- Fund size
- £53.4m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, MLPQ (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc, ISIN IE00B94ZB998) closed at £119.98 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its total return was +116.8%, or +69.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +12.5%
- +8.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +38.6%
- +25.3% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +116.8%
- +69.3% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £2,168 on 13/11/2026 — about £1,693 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc in pounds (price, with income reinvested in the fund): 2022 +47.5%, 2023 +12.9%, 2024 +28.6%, 2025 −7.6%; 2026 to 13/11/2026 +19.4%. Returns of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +20.7%; to 30/09/2025: +8.2%; to 30/09/2024: +7.9%; to 30/09/2023: +12.6%; to 30/09/2022: +47.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +19.4% | +15.6% | |
| to | −7.6% | −10.7% | |
| to | +28.6% | +24.2% | |
| +12.9% | +8.4% | ||
| +47.5% | +35.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +20.7% | +16.5% |
| from | +8.2% | +4.0% |
| from | +7.9% | +5.2% |
| from | +12.6% | +5.8% |
| from | +47.6% | +35.6% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
19.7%over 5 years
| 1 year | 18.5% |
|---|---|
| 3 years | 17.9% |
| 5 years | 19.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −18.0%
- From to
- Lowest 12-month return
- −9.4%
- 12 months to
- Highest 12-month return
- +61.5%
- 12 months to
- Below its highest weekly close since November 2021
- 6.7%
- High of , latest
In words: Volatility of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc in pounds, annualised from weekly returns to 13/11/2026: 18.5% over 1 year, 17.9% over 3 years, 19.7% over 5 years. Largest fall in the price of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc since November 2021, in pounds: −18.0% from 17/01/2025 to 11/04/2025. The lowest 12-month return of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc in pounds (price, with income reinvested in the fund) since January 2021 was −9.4% (12 months to 30/01/2026); the highest was +61.5% (12 months to 16/09/2022). On 13/11/2026 the price of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc was 6.7% below its highest weekly close since November 2021 (17/09/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.50%
- a year
- On £10,000
- £50
- a year, roughly
- Over five years
- £248
- of £10,000, before growth
- 29 charge less
- 2 the same
- 14 charge more
Ongoing charge of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc 0.50% a year. Compared on 14/11/2026, 14 of the 45 other property and infrastructure funds charge more, 2 the same and 29 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, launched in 2013.
It tracks the Morningstar MLP Composite Index - USD.
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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Property & infrastructure: Property companies (REITs) and infrastructure such as energy networks, roads and data centres.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- MLPQ
- ISIN
- IE00B94ZB998
- Also listed as
- MLPS (London Stock Exchange, US dollars), SMLP (Xetra, euros)
- Provider
- Invesco
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.50% a year · about £50 on £10,000
- Fund size
- £53.4m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Property & infrastructure
Price chart
Over the last year, the closing price went from £106.84 on 14/11/2025 to £119.98 on 13/11/2026 (+12.3%). The lowest close shown was £100.21 on 26/12/2025 and the highest £128.62 on 17/09/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history.
As of , at least 15 min delayed
Five years of prices, and after inflation
261 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 14
- on record
- Ten largest
- 82.0%
- of the whole fund
- Effective number of holdings
- 12
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 10.7%
- Enterprise Products Partners L.P
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Enterprise Products Partners L.PEPD | 10.71% |
| 2 | Mplx LPMPLX | 10.57% |
| 3 | Plains All American Pipeline, L.PPAA | 10.54% |
| 4 | Energy Transfer LPET | 10.07% |
| 5 | Sunoco LPSUN | 9.58% |
| 6 | Western Midstream Partners, LPWES | 9.40% |
| 7 | Delek Logistics Partners, L.PDKL | 5.37% |
| 8 | Black Stone Minerals, L.PBSM | 5.35% |
| 9 | Alliance Resource Partners, L.PARLP | 5.32% |
| 10 | USA Compression Partners, LPUSAC | 5.09% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Energy96.0%
- Industrials4.0%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 14 largest and what changed since .
All holdings
The fund publishes 14 holdings; the ten largest make up 82.0% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track Morningstar MLP Composite Index - USD, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.50% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco Morningstar US Energy Infrastructure MLP UCITS ETFDistributing · 0.50% a year | 0.50% | +12.5% | +38.6% | +116.9% |
| Invesco Morningstar US Energy Infrastructure MLP UCITS ETF AccThis fundAccumulating · 0.50% a year | 0.50% | +12.5% | +38.6% | +116.8% |
As of
Morningstar MLP Composite funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 253 rolling 12-month returns since January 2021, and of 149 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core S&P 500 UCITS ETF, over the three years to 13/11/2026 (152 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of MLPQ?
The ongoing charge of MLPQ is 0.50% a year — about £50 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc 0.50% a year. Compared on 14/11/2026, 14 of the 45 other property and infrastructure funds charge more, 2 the same and 29 less (share classes counted once).
What does MLPQ track?
MLPQ tracks the Morningstar MLP Composite Index - USD.
Is MLPQ accumulating or distributing?
MLPQ is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of MLPQ?
The ISIN of MLPQ is IE00B94ZB998. An ISIN identifies one exact share class of a fund; MLPQ is its ticker on the London Stock Exchange. The same share class is also listed as MLPS (London Stock Exchange, US dollars) and SMLP (Xetra, euros).
What does MLPQ hold?
As of 12/11/2026, MLPQ holds 14 positions, according to its published holdings. The largest is Enterprise Products Partners L.P at 10.71% of the fund; the ten largest make up 82.0%. Its ten largest holdings are Enterprise Products Partners L.P (10.71%), Mplx LP (10.57%), Plains All American Pipeline, L.P (10.54%), Energy Transfer LP (10.07%), Sunoco LP (9.58%), Western Midstream Partners, LP (9.40%), Delek Logistics Partners, L.P (5.37%), Black Stone Minerals, L.P (5.35%), Alliance Resource Partners, L.P (5.32%) and USA Compression Partners, LP (5.09%).
What were MLPQ’s returns in each of the last five years?
Calendar-year returns of MLPQ in pounds (price, with income reinvested in the fund): 2022 +47.5%, 2023 +12.9%, 2024 +28.6%, 2025 −7.6%; 2026 to 13/11/2026 +19.4%. Past performance is not a guide to future returns.
How has MLPQ done after inflation?
Over the five years to 13/11/2026 MLPQ’s total return was +116.8%, or +69.3% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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