Invesco JPX-Nikkei 400 UCITS ETF 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. 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 JPX-Nikkei 400 UCITS ETF Acc aims to provide the net total return performance of the JPX-Nikkei 400 Index (the "Reference Index"), less the impact of fees.

The Reference Index provides broad exposure, across the large-cap, small-cap, growth and innovation segments and comprises 400 stocks of the Tokyo Stock Exchange. It focuses on companies with the potential to generate shareholder value. Developed by Nikkei and the Japan Exchange Group, the Reference Index selects stocks on the basis not only of size, but also return on equity, operating profit and corporate governance.

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.

This ETF is passively managed.

Trading information

London Stock Exchange
Trading currency USD
Settlement period T+2
Exchange ticker N400
Bloomberg ticker N400 LN
Bloomberg iNAV N400IN
Reuters ticker N400.L
Reuters iNAV 0J0XINAV.DE
WKN A119GW
Valor 25073607
Sedol BQR9WQ1
London Stock Exchange
Trading currency GBX
Settlement period T+2
Exchange ticker S400
Bloomberg ticker S400 LN
Bloomberg iNAV S400IN
Reuters ticker S400.L
Reuters iNAV 0J0YINAV.DE
WKN A119GW
Valor 25073607
Sedol BQR9WR2
Deutsche Börse (Xetra)
Trading currency EUR
Settlement period T+2
Exchange ticker SMLN
Bloomberg ticker SMLN GY
Bloomberg iNAV SMLNIN
Reuters ticker SMLN.DE
Reuters iNAV X2ISINAV.DE
WKN A119GW
Valor 25073607
Borsa Italiana
Trading currency EUR
Settlement period T+2
Exchange ticker N400
Bloomberg ticker N400 IM
Bloomberg iNAV SMLNIN
Reuters ticker N400.MI
Reuters iNAV X2ISINAV.DE
WKN A119GW
Valor 25073607

Key information

Bloomberg ticker N400 LN
ISIN IE00BPRCH686
Benchmark BBG ticker JPNKNTR
Management fee 0.19%
Swap fee 0.05%
NAV (22 Sep 2022) ¥20,036
AUM ¥9,856,374,129
Base currency JPY
Umbrella AUM (22 Sep 2022) ¥4,185,839,751,634

ESG Profile

(Index 22 Sep 2022)

ESG Rating (AAA-CCC) AAA
Quality Score (0-10) 8.64
Carbon Intensity 94.34

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.

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

The “JPX-Nikkei Index 400” and its Net Total Return Index (hereinafter collectively referred to as the “Index”) are copyrighted materials calculated using a methodology independently developed and created by Japan Exchange Group, Inc. And Tokyo Stock Exchange, Inc. (hereinafter collectively referred to as the “JPX Group”) and Nikkei Inc. (hereinafter referred to as “Nikkei”), and the JPX group and Nikkei jointly own the copyrights and other intellectual property rights subsisting in the Index itself and the methodology used to calculate the Index. The JPX Group and Nikkei own the trademarks and other intellectual property rights with respect to the marks used to indicate the Index. The fund is arranged, managed and sold exclusively at the risk of the manager, and the JPX Group and Nikkei do not guarantee the fund and shall assume no obligation or responsibility with respect to the fund. The JPX Group and Nikkei shall not be obliged to continuously publish the Index and shall not be liable for any errors, delays or suspensions of the publication of the Index. The JPX Group and Nikkei shall have the right to change the composition of the stocks included in the Index, the calculation methodology of the Index or any other details of the Index and shall have the right to discontinue the publication of the Index. The directors of the company, the manager and the investment manager together the “responsible parties” do not guarantee the accuracy and/or the completeness of any description relating to the Index or any data included therein and the responsible parties shall have no liability for any errors, omissions, or interruptions therein. The responsible parties make no warranty, express or implied, as to the fund, to any shareholder in the fund, or to any other person or entity in respect of the Index described herein. The JPX Group and Nikkei make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included herein. Without limiting any of the foregoing, in no event shall JPX Group and Nikkei have any liability for any special, punitive, indirect, or consequential damages or for any lost profits, even if notified of the possibility of such damages.

On 6 February 2015 the benchmark of the Source JPX-Nikkei 400 UCITS ETF changed from the JPX-Nikkei 400 Index (gross) to the JPX-Nikkei 400 Net TR Index. The performance of the JPX-Nikkei Net TR Index has been simulated prior to 6 February 2015 using returns from the gross index. 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.

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.