Invesco MDAX 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. As this fund invests primarily in small-sized companies, investors should be prepared to accept a higher degree of risk than for an ETF with a broader investment mandate. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. 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.

Deutsche Börse AG (“DBAG”) is the source of MDAX® Index and the data comprised therein. By accessing the portfolio composition of this fund the user shall not without prior written consent from DBAG. in any way re-distribute or re-produce the accessed data. The use of the accessed data is solely granted for the purpose of evaluating a purchase or sale of the respective index fund and that DBAG has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – with respect to any reported information or in relation to any errors, omissions or interruptions in the MDAX® Index or its data.

Fund components

Country exposure

as of 27 Mar 2024 (%)

Sector exposure

as of 27 Mar 2024 (%)

Fund components data is delayed and/or limited due to licensing restrictions applied by the index provider.

Country exposure aggregates the primary country of risk for individual securities.

Sector exposure uses GICS (Global Industry Classification Standard) to classify securities.

Top 10 Exposures as of 27 Mar 2024 (%)

Name ISIN Weight
DEUTSCHE LUFTHANSA-REG NPV DE0008232125 5.00%
FRESENIUS MEDICAL Care AG EUR NPV DE0005785802 4.85%
GEA GROUP AG NPV DE0006602006 4.24%
LEG Immobilien SE EUR NPV DE000LEG1110 4.03%
NEMETSCHEK SE NPV DE0006452907 3.61%
DELIVERY HERO SE NPV DE000A2E4K43 3.55%
SCOUT24 AG NPV DE000A12DM80 3.55%
CTS EVENTIM AG & Co KGaA NPV DE0005470306 3.28%
KNORR-BREMSE AG NPV DE000KBX1006 3.20%
TALANX AG NPV DE000TLX1005 2.99%

Securities lending

 

What is Securities Lending?

Securities Lending is a well-established and tightly regulated practice involving the short-term transfer (loan) of securities. The objective is to enhance the ETF’s overall performance.

When a security is loaned, the borrower (who has been approved by Invesco and the Lending Agent) provides collateral and pays an agreed fee for the duration of the loan. Collateral is an asset that a lender accepts as security for a loan. If the borrower defaults on the loan payments, the lender can seize the collateral and resell it to recoup its losses.

 

How much revenue goes to the ETF?

The ETF will receive 90% of the revenue arising from securities lending, with the remaining 10% deducted by the Lending Agent, Bank of New York Mellon (BNY Mellon), for its fees and to cover direct and indirect operational costs. Invesco will not receive any revenue from the programme.

Risks to consider
Securities lending involves certain risks that an investor should consider, including:

  • The risk of the borrower defaulting on its obligation to return the securities at the end of the loan period, and
  • The risk of the ETF being unable to sell the collateral provided to it if the borrower defaults.

To mitigate these risks, the ETF benefits from a “borrower default indemnity” provided by the Lending Agent, BNY Mellon. The indemnity allows for full replacement of the securities loaned if the collateral does not cover the value of the securities in the event of a borrower default.

To find out more view the Invesco ETFs Securities Lending document in our Documents section.

Securities lending information

Percentage revenue retained by the fund 90%
Maximum amount of fund assets that can be loaned 15%
Maximum amount of any single security that can be loaned 90%
Average amount on loan (29 Feb 2024) 7.52%
Securities lending return (29 Feb 2024) 0.0204%

Average amount on loan is the average percentage of the fund’s assets that were on loan over the previous 12 month period.

Securities lending return is the net securities lending revenue earned over the previous 12 month period, expressed as an annualised percentage return over the fund’s average AUM over the same period.

Assets on Loan

as of 29 Feb 2024 (%)

Collateral Held by Asset Type

as of 27 Mar 2024 (%)

Collateral Held by Country

as of 27 Mar 2024 (%)

Collateral Held by Currency

as of 27 Mar 2024 (%)

Value of Collateral Held

as of 27 Mar 2024 (%)

Top 10 Collateral Exposures as of 27 Mar 2024

Name Cusip ISIN Weight
4 3/8 NOTE AG 28 91282CJN2 US91282CJN20 10.61%
AMAZON COM INC COM 023135106 US0231351067 5.34%
3 1/8 NOTE AC 27 91282CFH9 US91282CFH97 5.11%
0 3/4 NOTE AC 26 91282CCW9 US91282CCW91 3.41%
1 3/4 NOTE G 29 91282CDW8 US91282CDW82 3.25%
FAST RETAILING CO LTD NPV N/A JP3802300008 3.25%
NVIDIA CORPORATION COM 67066G104 US67066G1040 3.25%
ALPHABET INC CAP STK CL C 02079K107 US02079K1079 3.12%
FRENCH REPUBLIC G 1.75 25JUN39 144A AL9974240 FR0013234333 2.87%
Other N/A N/A 59.79%

Key information

Bloomberg ticker DEAM GY
ISIN IE00BHJYDV33
Benchmark BBG ticker MDAXNR
Management fee 0.19%
NAV (27 Mar 2024) €45.19
AUM €234,966,538
Base currency EUR
Replication method Physical
Securities lending Yes
Summary Risk Indicator (SRI) 5
Umbrella AUM (27 Mar 2024) €13,438,183,458

ESG Profile

(Fund 27 Mar 2024)

ESG Rating (AAA-CCC) AA
Quality Score (0-10) 7.36
Carbon Intensity 105.01

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 MDAX Index is the intellectual property (including registered trademarks) of Deutsche Börse AG (“DBAG”), Deutsche Börse Group or their licensors, which is used under license. Invesco MDAX® UCITS ETF is neither sponsored nor promoted, distributed or in any other manner supported by DBAG, Deutsche Börse Group or their licensors, research partners or data providers and DBAG, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the MDAX Index or its data.

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.

 

The risk / reward profile classifies the fund by an indicator representing the levels from the lowest (1) to the highest (7). For more information see the KID/KIID.