# Invesco Physical Platinum ETC (SPPP) **Source:** https://fundology.uk/fund/sppp · ISIN IE00B40QP990 · 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, SPPP (Invesco Physical Platinum ETC, ISIN IE00B40QP990) closed at £122.14 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the five years to 30/09/2026 its total return was +91.2%, or +49.5% 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 ($/ozt). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Latest close: **£122.14** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SPPP | | ISIN | IE00B40QP990 | | Category | Gold & commodities | | Type | ETC | | Provider | Invesco | | Tracks | Disc. Platinum London PM Fix ($/ozt) | | Ongoing charge | 0.19% a year (£19 per £10,000) | | Fund size | £52.0m | | Launched | 2011 | | 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 | +29.94% | +25.86% | income reinvested | | 3 years | +74.27% | +57.26% | income reinvested | | 5 years | +91.18% | +49.45% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 −7.6%, 2025 +136.5%; 2026 to 30/09/2026 −26.0%. Returns of Invesco Physical Platinum ETC in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +9.1%; to 30/09/2025: +55.1%; to 30/09/2024: +0.6%; to 30/09/2023: −4.6%; to 30/09/2022: +9.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +24.0% | +13.5% | Price | | 2023 | -10.7% | -14.3% | Price | | 2024 | -7.6% | -10.7% | Price | | 2025 | +136.5% | +128.4% | Price | | 2026 to 30/09/2026 | -26.0% | -28.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 45.60% | -41.58% | | 3 years | 33.55% | -41.58% | | 5 years | 29.96% | -41.58% | ## Largest fall Volatility of Invesco Physical Platinum ETC in pounds, annualised from weekly returns to 30/09/2026: 45.6% over 1 year, 33.6% over 3 years, 30.0% over 5 years. Largest fall in the price of Invesco Physical Platinum ETC since October 2021, in pounds: −41.6% from 23/01/2026 to 17/07/2026. 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 30/09/2026 the price of Invesco Physical Platinum ETC was 36.7% below its highest weekly close since October 2021 (23/01/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Physical Platinum ETC 0.19% a year, as of 01/10/2026: 120 of the 137 other gold and commodity funds charge more, 8 the same and 9 less (share classes counted once). ## Funds tracking the same index 3 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Physical Platinum ETC (this fund) | 0.19% | +29.9% | +74.3% | +91.2% | | iShares Physical Platinum ETC | 0.20% | +7.8% | +67.9% | +73.5% | | WisdomTree Physical Platinum | 0.49% | +7.4% | +66.4% | +71.0% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.19%** per year - ISA eligible: yes - SIPP eligible: yes --- 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.