Invesco Goldman Sachs Equity Factor Index World UCITS ETF (GS EFI World ETF) Acc

Product description

The Invesco Goldman Sachs Equity Factor Index World UCITS ETF Acc aims to provide the net total return performance of the Goldman Sachs Equity Factor Index World USD Index (the "Reference Index"), less the impact of fees.

The Reference Index offers broad, global equity exposure. It aims to outperform traditional benchmarks, on an absolute and risk-adjusted basis, by emphasising five factors that may contribute to equity returns: Low beta, Size, Value, Momentum and Quality. The Index is constructed so as to maximise exposure to these factors, while controlling country and sector risk versus market cap weighted benchmarks.

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 index and the basket of equities held. The aim is to achieve a closer and more consistent performance relative to the index than would generally be possible through physical replication alone.

Security Information

General information
Base currency USD
Dividend treatment Continuously reinvested
Minimum investment 1 share
Launch date 8 Jan 2014
Shares outstanding 1,632,165
Exchanges London Stock Exchange
Deutsche Börse (Xetra)
Borsa Italiana
SIX Swiss Exchange
Further information
ISA Eligible
SIPP Eligible
UCITS Compliant
UK reporting status Yes
Passported to Austria, Chile (Institutional), Finland, France, Germany, Ireland, Israel (Institutional), Italy, Luxembourg, Mexico (Institutional), Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom
Legal form UCITS
Open ended fund
Replication method Physical with swap overlay
Domicile Ireland
Financial year end 30 November
Tax information for German investors
Equity ratio 92.0641
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 EFIW LN
Benchmark BBG ticker GSRPEXWN
Management fee 0.55%
Swap fee 0.00%
NAV (22 Oct 2021) $203.72
AUM $332,501,557
Base currency USD
Umbrella AUM (22 Oct 2021) $32,916,574,413

ESG Profile

(Index 22 Oct 2021)

Quality Score (0-10) 7.35
Carbon Intensity 160.50

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).

Key risks

Counterparty risk:  Other financial institutions provide services such as safekeeping of assets or as a counterparty to financial contracts such as derivatives. The Fund is exposed to the risk of bankruptcy, or any other type of default of the counterparty related to any trading transaction entered into by the Fund.

Risk of using derivatives:  in order to reach its investment objective, the Fund enters into swap agreements which provide the performance of the Reference Index, and may imply a range of risks which could lead to an adjustment or even the early termination of the swap agreement.

Liquidity on secondary market risk:  Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. On-exchange liquidity may be limited due to Reference Index suspension, a decision by one of the relevant stock exchanges, or a breach by the market maker of respective stock exchange requirements and guidelines. 

The ETF is not sponsored, endorsed, sold, or promoted by Goldman Sachs International or any of its affiliates (individually and collectively, “Goldman”). Goldman makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the ETF particularly, or the ability of the Index to track general market performance. The Index is sponsored by Goldman Sachs International. Goldman Sachs International has contracted with Axioma, Inc. (the weight calculation agent) to determine on its behalf the component stocks of the Index and their corresponding weights, based on a methodology developed by Goldman Sachs International. Axioma, Inc. does not endorse, promote or guarantee the quality, accuracy and/ or completeness of the Index or any product linked to the Index and shall have no liability in relation to the Index or any product linked to the Index. Goldman Sachs Equity Factor Index World Net TR (the “Index”) is the exclusive property of Goldman Sachs International which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

The performance information on this web page refers to past performance and simulated performance. Performance of the Goldman Sachs Equity Factor Index World Net Total Return Index prior to 21 October 2013 has been simulated by the index provider using the index rules.
Simulated performance is calculated using the index rules. Past performance (actual or simulated) is not a reliable indicator of future performance. 

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.

Simulated performance data: the historical performance of the Goldman Sachs Equity Factor Index World Net Total Return Index (the “Index”) is simulated and uses hypothetical circumstances to estimate how the Index might have performed prior to its actual existence. Invesco provides no assurance or guarantee that the Index will operate or would have operated in the past in a manner consistent with the simulations provided.

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.