# Invesco Physical Platinum ETC (SPPP) **Page:** https://fundology.uk/fund/sppp · ISIN IE00B40QP990 ## 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 13/11/2026, SPPP (Invesco Physical Platinum ETC, ISIN IE00B40QP990) closed at £107.91 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the five years to 13/11/2026 its total return was +44.3%, or +12.6% after UK CPIH inflation. ## Summary Invesco Physical Platinum ETC is an exchange-traded commodity (ETC) from Invesco, launched in 2011. It tracks the Disc. Platinum London PM Fix ($/ozt). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Latest close: **£107.91** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SPPP | | ISIN | IE00B40QP990 | | Also listed as | SPPT (London Stock Exchange, US dollars), 8PSA (Xetra, euros) | | Category | Gold & commodities | | Type | ETC | | Provider | Invesco | | Tracks | Disc. Platinum London PM Fix ($/ozt) | | Ongoing charge | 0.19% a year (£19 per £10,000) | | Fund size | £60.7m | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/04/2011 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -2.88% | -6.32% | income reinvested | | 3 years | +69.17% | +52.84% | income reinvested | | 5 years | +44.27% | +12.61% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco Physical Platinum ETC in pounds (price only; the fund pays no income): 2022 +24.0%, 2023 −10.7%, 2024 −3.9%, 2025 +108.9%; 2026 to 13/11/2026 −28.8%. Returns of Invesco Physical Platinum ETC in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +7.3%; to 30/09/2025: +57.8%; to 30/09/2024: +0.6%; to 30/09/2023: −4.6%; to 30/09/2022: +8.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +24.0% | +13.5% | Price | | 2023 | -10.7% | -14.3% | Price | | 2024 | -3.9% | -7.2% | Price | | 2025 | +108.9% | +101.8% | Price | | 2026 to 13/11/2026 | -28.8% | -31.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 46.95% | -46.99% | | 3 years | 33.93% | -46.99% | | 5 years | 30.31% | -46.99% | ## Largest fall Volatility of Invesco Physical Platinum ETC in pounds, annualised from weekly returns to 13/11/2026: 46.9% over 1 year, 33.9% over 3 years, 30.3% over 5 years. Largest fall in the price of Invesco Physical Platinum ETC since November 2021, in pounds: −47.0% from 23/01/2026 to 30/10/2026. The lowest 12-month return of Invesco Physical Platinum ETC in pounds (price only; the fund pays no income) since January 2021 was −20.8% (12 months to 10/11/2023); the highest was +165.8% (12 months to 23/01/2026). On 13/11/2026 the price of Invesco Physical Platinum ETC was 44.1% below its highest weekly close since November 2021 (23/01/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Physical Platinum ETC 0.19% a year. Compared on 14/11/2026, 131 of the 149 other gold and commodity funds charge more, 7 the same and 11 less (share classes counted once). ## Funds tracking the same index 4 funds track Disc. Platinum London PM Fix ($/ozt), this one included and share classes counted once; their ongoing charges range from 0.19% to 0.49% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Physical Platinum ETC (this fund) | 0.19% | -2.9% | +69.2% | +44.3% | | iShares Physical Platinum ETC | 0.20% | -2.9% | +69.1% | +44.2% | | WisdomTree Physical Platinum | 0.49% | -4.9% | +61.5% | +37.9% | | Xtrackers IE Physical Platinum ETC | 0.38% | -2.5% | +68.3% | +72.1% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.19%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of SPPP?** The ongoing charge of SPPP is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Physical Platinum ETC 0.19% a year. Compared on 14/11/2026, 131 of the 149 other gold and commodity funds charge more, 7 the same and 11 less (share classes counted once). **What does SPPP track?** SPPP tracks the Disc. Platinum London PM Fix ($/ozt). **What is the ISIN of SPPP?** The ISIN of SPPP is IE00B40QP990. An ISIN identifies one exact share class of a fund; SPPP is its ticker on the London Stock Exchange. The same share class is also listed as SPPT (London Stock Exchange, US dollars) and 8PSA (Xetra, euros). **What were SPPP’s returns in each of the last five years?** Calendar-year returns of SPPP in pounds (price only; the fund pays no income): 2022 +24.0%, 2023 −10.7%, 2024 −3.9%, 2025 +108.9%; 2026 to 13/11/2026 −28.8%. Past performance is not a guide to future returns. **How has SPPP done after inflation?** Over the five years to 13/11/2026 SPPP’s total return was +44.3%, or +12.6% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.