Index components

Country exposure

as of 10 Dec 2021 (%)

Sector exposure

as of 10 Dec 2021 (%)

Top 10 Exposures as of 10 Dec 2021 (%)

Name ISIN Weight
APPLE ORD US0378331005 6.96%
MICROSOFT ORD US5949181045 5.74%
AMAZON COM ORD US0231351067 3.68%
ALPHABET CL A ORD US02079K3059 2.09%
ALPHABET CL C ORD US02079K1079 2.01%
TESLA ORD US88160R1014 2.01%
META PLATFORMS CL A ORD US30303M1027 1.84%
NVIDIA ORD US67066G1040 1.77%
JPMORGAN CHASE ORD US46625H1005 1.12%
UNITEDHEALTH GRP ORD US91324P1021 1.06%

Fund components

Sector exposure

as of 24 Jan 2022 (%)

Country exposure

as of 24 Jan 2022 (%)

View Basket Constituents

Name ISIN Weight
AMERISAFE INC US03071H1005 4.38%
BERKSHIRE HATHAWAY INC-CL B US0846707026 3.52%
ROCHE HOLDING AG-GENUSSCHEIN CH0012032048 3.31%
NOVARTIS AG-REG CH0012005267 3.29%
FLUSHING FINANCIAL CORP US3438731057 3.17%
CIE FINANCIERE RICHEMO-A REG CH0210483332 2.82%
ALPHABET INC-CL A US02079K3059 2.08%
MAXLINEAR INC US57776J1007 2.07%
S_T BANCORP INC US7838591011 2.05%
CALIFORNIA WATER SERVICE GRP US1307881029 2.04%
CITRIX SYSTEMS INC US1773761002 1.94%
TELEDYNE TECHNOLOGIES INC US8793601050 1.91%
LIBERTY BROADBAND-C US5303073051 1.89%
VERISK ANALYTICS INC US92345Y1064 1.88%
AMETEK INC US0311001004 1.87%
CME GROUP INC US12572Q1058 1.86%
PORTLAND GENERAL ELECTRIC CO US7365088472 1.82%
INTERCONTINENTAL EXCHANGE IN US45866F1049 1.73%
COMFORT SYSTEMS USA INC US1999081045 1.73%
SWISS RE AG CH0126881561 1.73%
NESTLE SA-REG CH0038863350 1.67%
SAP SE DE0007164600 1.66%
BASF SE DE000BASF111 1.65%
KONINKLIJKE AHOLD DELHAIZE N NL0011794037 1.64%
WALT DISNEY CO/THE US2546871060 1.61%
SIEMENS HEALTHINEERS AG DE000SHL1006 1.60%
SELECT MEDICAL HOLDINGS CORP US81619Q1058 1.60%
LANDEC CORP US5147661046 1.58%
SIEMENS AG-REG DE0007236101 1.57%
NORSK HYDRO ASA NO0005052605 1.57%
AMN HEALTHCARE SERVICES INC US0017441017 1.56%
SSAB AB - B SHARES SE0000120669 1.55%
ATLAS AIR WORLDWIDE HOLDINGS US0491642056 1.54%
AGEAS BE0974264930 1.51%
MERCK KGAA DE0006599905 1.51%
ASPEN AEROGELS INC US04523Y1055 1.50%
BAYCOM CORP US07272M1071 1.49%
NESTE OYJ FI0009013296 1.49%
RYERSON HOLDING CORP US7837541041 1.45%
USANA HEALTH SCIENCES INC US90328M1071 1.42%
K+S AG-REG DE000KSAG888 1.38%
ROCKET PHARMACEUTICALS INC US77313F1066 1.33%
FIRST CITIZENS BCSHS -CL A US31946M1036 1.30%
BIGLARI HOLDINGS INC-B US08986R3093 1.29%
USA TRUCK INC US9029251066 1.28%
LANNETT CO INC US5160121019 1.16%
NOKIA OYJ FI0009000681 1.07%
KIMBALL INTERNATIONAL-B US4942741038 1.05%
HOCHTIEF AG DE0006070006 1.03%
MISTRAS GROUP INC US60649T1079 0.900%
CHEVRON CORP US1667641005 0.880%
CLEARSIDE BIOMEDICAL INC US1850631045 0.770%
ASML HOLDING NV NL0010273215 0.770%
MRC GLOBAL INC US55345K1034 0.760%
ALSO HOLDING AG-REG CH0024590272 0.740%
ANGLOGOLD ASHANTI-SPON ADR US0351282068 0.700%
FRESENIUS SE & CO KGAA DE0005785604 0.650%
CLOETTA AB-B SHS SE0002626861 0.460%
BOYD GAMING CORP US1033041013 0.430%
NATURAL GAS SERVICES GROUP US63886Q1094 0.430%
CARDIOVASCULAR SYSTEMS INC US1416191062 0.420%
INDUS HOLDING AG DE0006200108 0.380%
PARTNERS GROUP HOLDING AG CH0024608827 0.380%
SIKA AG-REG CH0418792922 0.370%
JYSKE BANK-REG DK0010307958 0.370%
MEDARTIS HOLDING AG CH0386200239 0.360%
MYERS INDUSTRIES INC US6284641098 0.290%
TITAN INTERNATIONAL INC US88830M1027 0.270%
PALO ALTO NETWORKS INC US6974351057 0.100%
CONTROLADORA VUELA CIA-ADR US21240E1055 0.0800%
BLACKROCK INC US09247X1019 0.0700%
ARDELYX INC US0396971071 0.0600%
FOCUS FINANCIAL PARTNERS-A US34417P1003 0.0400%
EMERGENT BIOSOLUTIONS INC US29089Q1058 0.0400%
PROTO LABS INC US7437131094 0.0200%
REGENERON PHARMACEUTICALS US75886F1075 0.00%
BEAZER HOMES USA INC US07556Q8814 0.00%
WORKIVA INC US98139A1051 0.00%
CIRRUS LOGIC INC US1727551004 0.00%
ARROW ELECTRONICS INC US0427351004 0.00%
M/I HOMES INC US55305B1017 0.00%
MODINE MANUFACTURING CO US6078281002 0.00%
SALESFORCE.COM INC US79466L3024 0.00%
STONERIDGE INC US86183P1021 0.00%
CYTOKINETICS INC US23282W6057 0.00%
JELD-WEN HOLDING INC US47580P1030 0.00%
MERITAGE HOMES CORP US59001A1025 0.00%
NEW RELIC INC US64829B1008 0.00%
NMI HOLDINGS INC-CLASS A US6292093050 0.00%
MYRIAD GENETICS INC US62855J1043 0.00%
BJ'S RESTAURANTS INC US09180C1062 0.00%
HERITAGE-CRYSTAL CLEAN INC US42726M1062 0.00%
HOSTESS BRANDS INC US44109J1060 0.00%
FORRESTER RESEARCH INC US3465631097 0.00%
TRAVERE THERAPEUTICS INC US89422G1076 0.00%
ANSYS INC US03662Q1058 0.00%
IMMERSION CORPORATION US4525211078 0.00%
ORION GROUP HOLDINGS INC US68628V3087 0.00%
SPX CORP US7846351044 0.00%
KIRBY CORP US4972661064 0.00%
ATARA BIOTHERAPEUTICS INC US0465131078 0.00%
AXT INC US00246W1036 0.00%
BROOKDALE SENIOR LIVING INC US1124631045 0.00%
MERITOR INC US59001K1007 0.00%
HILTON WORLDWIDE HOLDINGS IN US43300A2033 0.00%
SNOWFLAKE INC-CLASS A US8334451098 0.00%
LABORATORY CRP OF AMER HLDGS US50540R4092 0.00%
VANDA PHARMACEUTICALS INC US9216591084 0.00%
GMS INC US36251C1036 0.00%
AMNEAL PHARMACEUTICALS INC US03168L1052 0.00%
FARO TECHNOLOGIES INC US3116421021 0.00%
BIOGEN INC US09062X1037 0.00%
MASIMO CORP US5747951003 0.00%
SIGA TECHNOLOGIES INC US8269171067 0.00%
QUOTIENT TECHNOLOGY INC US7491191034 0.00%
CANNAE HOLDINGS INC US13765N1072 0.00%
US CELLULAR CORP US9116841084 0.00%
TWILIO INC - A US90138F1021 0.00%
CORVEL CORP US2210061097 0.00%
AMBAC FINANCIAL GROUP INC US0231398845 0.00%
JOUNCE THERAPEUTICS INC US4811161011 0.00%
CARVANA CO US1468691027 0.00%
BRIGHT HORIZONS FAMILY SOLUT US1091941005 0.00%
PENN NATIONAL GAMING INC US7075691094 0.00%
CLEARWATER PAPER CORP US18538R1032 0.00%
ACADEMEDIA AB SE0007897079 0.00%

Download fund components

Swap Counterparty Exposure as of 24 Jan 2022 (%)

Counterparty Weight
Goldman Sachs 51.18%
Morgan Stanley 48.82%

Average SWAP Mark to Market

Key information

Bloomberg ticker MXUD LN
ISIN IE00BK5LYT47
Benchmark BBG ticker NDDUUS
Management fee 0.05%
Swap fee 0.00%
NAV (25 Jan 2022) $58.93
AUM $3,270,780,384
Base currency USD
Umbrella AUM (25 Jan 2022) $33,821,204,385

ESG Profile

(Index 25 Jan 2022)

ESG Rating (AAA-CCC) AA
Quality Score (0-10) 7.52
Carbon Intensity 131.86

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

General Investment Risk: The value of investments, and income from them, can go down as well as up and you may not get back the full amount you invested.

Concentration risk: 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.

Equity Risk: 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.

Synthetic ETF Risk: As the Fund is pursuing its objective through the use of swaps, the Fund might be exposed to the risks linked to securities which differ from the constituents of the Reference Index. The Fund is also 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.

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

Source: MSCI. The MSCI data is comprised of a custom index calculated by MSCI for, and as requested by Invesco. The MSCI data is for internal use only and may not be redistributed or used in connection with creating or offering any securities, financial products or indices. Neither MSCI nor any other third party involved in or related to compiling, computing or creating the MSCI data (the “MSCI Parties’) makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and the MSCI Parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to such data. Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

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.

To assist with meeting some of the Fund's costs the Manager has requested a fees contribution of up to 0.04% of the swap notional amount from the swap counterparties active on this fund. Note that this fee contribution has no impact on the net asset value of the fund and is not charged to investors in addition to the management fee and to any swap fee as set out on this fund’s webpage.

The investment objective of the fund is to replicate the net total return index; in order to reduce tracking error against this index following the deduction of fees and withholding tax, the Investment Manager has entered into a swap agreement against the gross index performance. For this additional performance against the net total return index, the swap counterparties may charge a fee of up to 0.05%. This fee deduction is not expected to be larger than the difference between the net and gross performance of the index. The fee applied to the swap will thus still result in an equivalent fee of 0% on the net total return index performance.