(SMLP) Invesco Morningstar US - Ratings and Ratios

The Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (SMLP) is designed to track the Morningstar MLP Composite Total Return Index, providing investors with exposure to the US energy infrastructure Master Limited Partnerships (MLPs) sector.

As an ETF categorized under Sector Equity Energy, SMLP offers a focused investment opportunity in the energy infrastructure segment, which includes MLPs involved in the transportation, storage, and processing of energy commodities. The funds underlying index is a total return index, meaning it reflects the performance of the constituent MLPs including the reinvestment of dividends.

From a performance perspective, while the exact returns are not provided, we can infer from the given technical data that the ETF has experienced fluctuations, with a 52-week high of €142.32 and a low of €107.30. The current price is €118.54, indicating a decline from its 52-week high but still above its low. The Average True Range (ATR) of 1.40, or 1.18% of the current price, suggests a moderate level of volatility.

To further analyze SMLPs potential, we can consider key performance indicators (KPIs) such as the dividend yield, expense ratio, and tracking error. The dividend yield is particularly relevant for income-focused investors, as MLPs are known for their distributions. The expense ratio is crucial for understanding the cost of investing in SMLP, and a lower ratio can be more attractive to cost-conscious investors. The tracking error, which measures how closely the ETF follows its underlying index, is also vital for assessing its performance.

Given its AUM of €266.38M, SMLP has a reasonable size, suggesting a certain level of liquidity and investor interest. However, investors should consider the funds liquidity, along with its trading volume on XETRA, to ensure it meets their investment needs and to minimize trading costs.

Investors in SMLP should be aware of the sector-specific risks associated with energy infrastructure MLPs, including commodity price risks, regulatory risks, and environmental concerns. The performance of the ETF is closely tied to the performance of its underlying index and the broader energy sector.