Product description

The Invesco MSCI USA UCITS ETF Acc aims to provide the net total return performance of the MSCI USA Index (the "Reference Index"), less the impact of fees.

The Reference Index is designed to measure equity market performance in the US. It captures large and mid cap representation across the US market and covers approximately 85% of the free float-adjusted market capitalisation in the US.

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.

Trading information

Deutsche Börse (Xetra)
Trading currency EUR
Settlement period T+2
Exchange ticker SMSUSA
Bloomberg ticker SMSUSA GY
Bloomberg iNAV SMSUSAIN
Reuters ticker SMSUSA.DE
Reuters iNAV SMSUSAINAV.DE
WKN A0RGCQ
Valor 10128435
Today (29 Sep 2021)
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Borsa Italiana
Trading currency EUR
Settlement period T+2
Exchange ticker MXUS
Bloomberg ticker MXUS IM
Bloomberg iNAV SMSUSAIN
Reuters ticker MXUS.MI
Reuters iNAV SMSUSAINAV.DE
WKN A0RGCQ
Valor 10128435
Today (29 Sep 2021)
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SIX Swiss Exchange
Trading currency USD
Settlement period T+2
Exchange ticker MXUS
Bloomberg ticker MXUS SW
Bloomberg iNAV INMXUS
Reuters ticker MXUS.S
Reuters iNAV SMSUSAINAV.DE
WKN A0RGCQ
Valor 10128435
Today (29 Sep 2021)
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London Stock Exchange
Trading currency USD
Settlement period T+2
Exchange ticker MXUS
Bloomberg ticker MXUS LN
Bloomberg iNAV INMXUS
Reuters ticker MXUS.L
Reuters iNAV SMSUSAINAV.DE
WKN A0RGCQ
Valor 10128435
Sedol B4YDHL2
Today (29 Sep 2021)
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Key information

Bloomberg ticker SMSUSA GY
ISIN IE00B60SX170
Benchmark BBG ticker NDDUUS
Management fee 0.05%
Swap fee 0.00%
NAV (27 Sep 2021) $125.09
AUM $3,154,681,005
Base currency USD
Umbrella AUM (27 Sep 2021) $31,704,732,026

ESG Profile

(Index 27 Sep 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.01
Carbon Intensity 124.41

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 documents

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 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 0.045% 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 0.04%. 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.