Invesco Markets plc - Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS)

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist is a passively managed exchange-traded fund that tracks the Morningstar MLP Composite Index, targeting the top 97% of publicly traded US energy master limited partnerships by market capitalization, weighted by total annual distributions with individual caps at 10%. Launched on May 15, 2013, and domiciled in Ireland, it employs synthetic replication through swaps to mirror the index's performance, focusing on MLPs involved in the production, processing, transportation, storage, and distribution of energy resources like oil and natural gas. These partnerships generate fee-based revenues from midstream infrastructure, offering relative insulation from commodity price swings while prioritizing high distribution yields, paid quarterly to investors. With an ongoing charge of 0.50% and assets under management around USD 315 million, the ETF holds diversified exposure primarily in the energy sector (90%), alongside real estate and utilities, featuring top holdings such as Energy Transfer and Enterprise Products Partners. It serves as a key vehicle for accessing US energy infrastructure income streams within a UCITS-compliant structure.