Index
Funds that track the Morningstar MLP Composite
2 UK-listed funds Fundology covers track the Morningstar MLP Composite. Each has an ongoing charge of 0.50% a year, as of 09/10/2026.
At a glance
- Funds
- 2
- Providers
- 1
- Ongoing charges
- 0.50%
- Accumulating · distributing
- 1 · 1
The lowest ongoing charge among the 2 Morningstar MLP Composite funds Fundology tracks is 0.50% a year (MLPP and MLPQ), as of 09/10/2026. A lower charge does not guarantee a better return.
1 accumulate their income and 1 pay it out. Each fund is listed once, by one share class; its other share classes are on its own page.
By fund size, the 2 largest are MLPP (£197m) and MLPQ (£42.1m), as reported on 09/10/2026. Size shows how widely a fund is held, not how it will perform.
All are funds from Invesco (2).
Terms:Index fundsOngoing charges figureTracking differenceAccumulating or incomeCurrency hedging
Past returns, side by side
Over the five years to 09/10/2026, total returns with income reinvested ranged from +135.5% (MLPQ) to +135.6% (MLPP); the median of 2 funds was +135.5%.
Over the three years to 09/10/2026, total returns with income reinvested ranged from +47.4% (MLPP) to +47.4% (MLPQ); the median of 2 funds was +47.4%.
Over the year to 09/10/2026, total returns with income reinvested ranged from +24.8% (MLPQ) to +24.9% (MLPP); the median of 2 funds was +24.9%.
| Period | Funds | Lowest | Median | Highest |
|---|---|---|---|---|
| 1 yearIncome reinvested · to | 2 | +24.8% MLPQ | +24.9% | +24.9% MLPP |
| 3 yearsIncome reinvested · to | 2 | +47.4% MLPP | +47.4% | +47.4% MLPQ |
| 5 yearsIncome reinvested · to | 2 | +135.5% MLPQ | +135.5% | +135.6% MLPP |
Source: TradingView reported returns, and Fundology’s own from daily closes where none is reported, as of
How we work it out:ReturnsReturns after inflationTotal return
Funds that track the Morningstar MLP Composite (2)
All 2 funds that track the Morningstar MLP Composite, one share class each, listed by name. An order is not a ranking of quality.
| Fund | Charge | Size | 1 year | 3 years | 5 years | 5 years after inflation |
|---|---|---|---|---|---|---|
| MLPP Invesco Morningstar US Energy Infrastructure MLP UCITS ETFDistributing | 0.50% | £197m | +24.9% | +47.4% | +135.6% | +84.1% |
| MLPQ Invesco Morningstar US Energy Infrastructure MLP UCITS ETF AccAccumulating | 0.50% | £42.1m | +24.8% | +47.4% | +135.5% | +84.1% |
Source: TradingView (returns, size and most charges), fund issuers (some charges), ONS CPIH (inflation), as of , at least 15 min delayed
Questions people ask
How many UK funds track the Morningstar MLP Composite?
2 UK-listed funds Fundology covers track the Morningstar MLP Composite, as of 09/10/2026. 1 accumulate their income and 1 pay it out. All are Invesco funds. Each fund is listed once, by one share class; its other share classes are on its own page.
Which Morningstar MLP Composite fund has the lowest ongoing charge?
The lowest ongoing charge among the 2 Morningstar MLP Composite funds Fundology tracks is 0.50% a year (MLPP and MLPQ), as of 09/10/2026. A lower charge does not guarantee a better return.
What is the largest Morningstar MLP Composite fund in the UK?
By fund size, MLPP (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF) is the largest of the 2 funds here, at £197m as reported on 09/10/2026. Size shows how widely a fund is held, not how it will perform.
What is the difference between the accumulating and distributing versions?
An accumulating share class reinvests the income from its holdings inside the fund, so it shows up as a rising price; a distributing class pays it out to holders as cash, usually a few times a year. Of the 2 Morningstar MLP Composite funds here, 1 accumulate and 1 distribute.
How is this list ordered?
Listed by name unless ordered by ongoing charge. No order on this page is a ranking or a recommendation.