Invesco S&P 500 UCITS ETF GBP Hdg Acc

Investment Risks

For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. The Fund’s ability to track the benchmark’s performance is reliant on the counterparties to continuously deliver the performance of the benchmark in line with the swap agreements and would also be affected by any spread between the pricing of the swaps and the pricing of the benchmark. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. 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. 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. Currency hedging between the base currency of the Fund and the currency of the share class may not completely eliminate the currency risk between those two currencies and may affect the performance of the share class. The fund might purchase securities that are not contained in the reference index and will enter into swap agreements to exchange the performance of those securities for the performance of the reference index.

Product description

The Invesco S&P 500 UCITS ETF GBP Hdg Acc aims to provide the net total return performance of the S&P 500 GBP Daily Hedged Index (the "Reference Index"), less the impact of fees.

The Reference Index provides exposure to large capitalisation US equities, comprises of around 500 companies and covers around 80% of available US equity market capitalisation. To minimise exposure to fluctuations in the exchange rate between USD and GBP, the GBP Hedged index includes a daily currency hedge in the index calculation.

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.

While the investment objective of the fund is to replicate the net total return index, the swaps entered into by the fund reference the gross total return index. The swap fee paid by the fund is relative to this gross total return index and as a result the performance of the ETF is likely to exceed the return of the net return index.

To assist with meeting some of the Fund's costs, the Manager may receive an annual fees contribution of up to 0.075% of the swap notional amount from the swap counterparties active on this fund. This fee contribution has no impact on the Fund’s net asset value and does not represent an incremental cost borne by investors.

This ETF is passively managed.

Trading information

London Stock Exchange
Trading currency GBP
Settlement period T+2
Exchange ticker G500
Bloomberg ticker G500 LN
Bloomberg iNAV G500IN
Reuters ticker G500.L
Reuters iNAV 4IE6INAV.DE
WKN A2P42Y
Valor 54969597
Sedol BMFYBF2

Key information

Bloomberg ticker G500 LN
ISIN IE00BKX8G916
Benchmark BBG ticker SPXDHGN
Management fee 0.05%
Swap fee 0.30%
NAV (17 Aug 2022) £54.48
AUM £12,470,025,418
Base currency GBP
Umbrella AUM (17 Aug 2022) £27,506,304,672

ESG Profile

(Index 17 Aug 2022)

ESG Rating (AAA-CCC) AA
Quality Score (0-10) 8.49
Carbon Intensity 147.96

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).

Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs.

The investment concerns the acquisition of units in a fund and not in a given underlying asset.

Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by Invesco. The ETFs are not sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the ETFs.

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

The S&P 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.

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.