Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc

Investment Risks

For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. The Fund’s ability to track the benchmark’s performance is reliant on the counterparties to continuously deliver the performance of the benchmark in line with the swap agreements and would also be affected by any spread between the pricing of the swaps and the pricing of the benchmark. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified. The value of equities and equity-related securities can be affected by a number of factors including the activities and results of the issuer and general and regional economic and market conditions. This may result in fluctuations in the value of the Fund. The fund might purchase securities that are not contained in the reference index and will enter into swap agreements to exchange the performance of those securities for the performance of the reference index.

Product description

The Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Acc aims to provide the total return performance of the Morningstar MLP Composite Index (the “Reference Index”), less the impact of fees.

The Reference Index aims to provide representative, diversified exposure to US publicly traded energy master limited partnerships (MLPs). Each constituent is weighted by the dollar value of their annual distribution and is capped at 10%. The Reference Index targets the top 97% of MLPs by market capitalisation. It is calculated daily, rebalanced quarterly and reviewed semi-annually.

The fund aims to achieve its objective by holding a basket of equities, which typically delivers most of the fund’s return but ordinarily would not be the same as those in the Reference Index. The fund will also use unfunded swaps, which are contracts whereby one or more approved counterparties agrees to exchange with the fund any difference between the returns of the Reference Index and the basket of equities held. The aim is to achieve a closer and more consistent performance relative to the Reference Index than would generally be possible through physical replication alone.

This ETF is passively managed.

Security Information

General information
Base currency USD
Dividend treatment Continuously reinvested
Minimum investment 1 share
Launch date 15 May 2013
Shares outstanding 937,736
Exchanges London Stock Exchange
Deutsche Börse (Xetra)
Borsa Italiana
SIX Swiss Exchange
Further information
ISA Eligible
SIPP Eligible
UCITS Compliant
UK reporting status Yes
Countries of distribution Austria, Denmark, Finland, France, Germany, Ireland, Israel (Institutional), Italy, Luxembourg, Mexico (Institutional), Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom
Structure
Legal form UCITS Open ended Fund
Replication method Physical with swap overlay
Domicile Ireland
Financial year end 30 November
Key service providers
Issuer Invesco Markets plc
Manager Invesco Investment Management Limited
Investment manager Assenagon Asset Management S.A.
Fund administrator Northern Trust International Fund Administration Services (Ireland) Limited
Depositary Northern Trust Fiduciary Services (Ireland) Limited
Trustee Northern Trust Fiduciary Services (Ireland) Limited
Auditor KPMG
Promoter Invesco Investment Management Limited

Key information

Bloomberg ticker MLPS LN
ISIN IE00B94ZB998
Benchmark BBG ticker MSMLPCT
Management fee 0.50%
Swap fee 0.75%
NAV (22 Sep 2022) $87.71
AUM $275,280,194
Base currency USD
Umbrella AUM (22 Sep 2022) $29,455,218,405

ESG Profile

(Index 22 Sep 2022)

ESG Rating (AAA-CCC) BB
Quality Score (0-10) 4.20
Carbon Intensity 584.06

Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).

Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs.

The investment concerns the acquisition of units in a fund and not in a given underlying asset.

The Invesco Morningstar US Energy Infrastructure MLP UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of the Invesco Morningstar US Energy Infrastructure MLP UCITS ETF or any member of the public regarding the advisability of investing in securities generally or in the Invesco Morningstar US Energy Infrastructure MLP UCITS ETF. Morningstar’s only relationship to Invesco Markets plc and is Invesco Morningstar US Energy Infrastructure MLP UCITS ETF is the licensing of: (i) certain trade and service marks and names of Morningstar; and (ii) the Invesco Morningstar US Energy Infrastructure MLP UCITS ETF which is determined, composed and calculated by Morningstar without regard to Invesco Markets plc or the Invesco Markets plc Irish UCITS ETF. Morningstar has no obligation to take the needs of Invesco Markets plc or the Invesco Markets plc Irish UCITS ETF into consideration in determining, composing or calculating the Invesco Morningstar US Energy Infrastructure MLP UCITS ETF. Morningstar is not responsible for and has not participated in the determination of the prices and amount of the Invesco Markets plc Irish UCITS ETF or the timing of the issuance or sale of the Invesco Markets plc Irish UCITS ETF or in the determination or calculation of the equation by which the Invesco Morningstar US Energy Infrastructure MLP UCITS ETF is converted into cash. Morningstar has no obligation or liability in connection with the administration, marketing or trading of the Invesco Morningstar US Energy Infrastructure MLP UCITS ETF.

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.