A SR20 pilot reported an engine failure during climb and a return to departure airport.

Narrative

I was performing practice approaches for currency at the ZZZ in a Cirrus SR20. Those on board included myself; a safety pilot and one passenger in the rear seat. During the execution of the published missed approach procedure for the ILS Runway XX I elected to divert to ZZZ1 for additional practice approaches due to increased traffic at ZZZ.At the time of breaking off from the published missed approach; the aircraft was approximately two nautical miles southwest of the ZZZ airfield at an altitude of 2500 ft MSL. A climb was initiated during the transition to a course for ZZZ1. Upon throttle up for climb; the engine sputtered and ceased producing significant thrust. At the time of engine failure; the aircraft was approximately 3.5 nautical miles southwest of the approach end of Runway XX at ZZZ.An immediate turn back toward Runway XX at ZZZ was initiated and priority handling was requested. Once on course for Runway XX; it was observed that all four PAPI lights were white indicating a high approach path. The aircraft was pitched for best glide speed and successfully landed on Runway XX.The landing was uneventful; with no injuries to pilot or passengers; and no damage to the aircraft. Sufficient momentum remained to roll the aircraft off of the runway and onto the parking apron. Training received during PPL course was instrumental in effectively managing this scenario. Without training; evaluation of the available options; and taking decisive action to ensure safety of passengers would present a potentially insurmountable challenge.