Product description

The Invesco S&P 500 VEQTOR UCITS ETF Dist aims to provide investors with investment results which, before expenses, correspond to the price and yield performance of the S&P 500® Dynamic VEQTOR Net Total Return Index in US dollar terms by gaining exposure to, as far as practicable, all of the instruments of the Index in their respective weightings. The S&P 500 Dynamic VEQTOR Index is rebalanced daily, while the broad market S&P 500 Index is rebalanced quarterly.

The S&P 500® Dynamic VEQTOR Index dynamically allocates long-only exposure between the S&P 500 Index, the S&P VIX® Short-Term Futures Index, and cash in order to gain broad equity market exposure with an implied volatility hedge. If losses in the Index are greater than or equal to 2% during the previous five business days, the ETF will move its entire allocation to cash or cash equivalents. The index seeks to mitigate risk between equity and volatility, while attempting to partially reduce potential losses in volatile markets. The Net Total Return version of the index was launched on 30 March 2015. The broad market S&P 500 Index is widely regarded as the best single gauge of large-cap US equities and captures approximately 80% of available market capitalisation.

Information about the index & index sponsor - You can view further information by visiting the S&P Dow Jones Indices website. Please note that, by using this link, you will be leaving the Invesco website. Any views and opinions expressed subsequently are not those of Invesco.

Product Closing Notice:

The board of Invesco Markets III plc (the “Issuer”) has determined that the above listed fund is no longer economically viable and resolved to close and redeem this fund. In the context of the foregoing, the Issuer wishes to give irrevocable notice to all shareholders of this fund that it is its intention to (i) permanently de-list the shares from trading on exchange and (ii) permanently close the fund to further subscriptions by and redemptions from authorised participants. FURTHER IMPORTANT INFORMATION CAN BE FOUND IN THE CLOSURE NOTICE ATTACHED IN THE KEY DOCUMENTS SECTION OF THIS PAGE. Investors should direct any queries on this matter to invest@invesco.com or to +44 203 370 1113.

Security Information

General information
Base currency USD
Dividend treatment Quarterly
Minimum investment 1 share
Launch date 11 Jun 2015
Shares outstanding 150,001
Exchanges London Stock Exchange
Borsa Italiana
Deutsche Börse (Xetra)
SIX Swiss Exchange
London Stock Exchange
Euronext Paris
Further information
ISA Eligible
SIPP Eligible
UCITS Yes
UK reporting status Yes
Passported to Austria, Switzerland, Germany, Finland, France, Italy, Ireland, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom
Structure
Legal form UCITS
Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 30 September
Tax information for German investors
Equity ratio 95.6110
Key service providers
Issuer Invesco Markets III plc
Manager Invesco Investment Management Limited
Investment manager Invesco Capital Management LLC
Fund administrator Bny Mellon Fund Services (Ireland) Designated Activity Company
Depositary BNY Mellon Trust Company (Ireland) Limited
Trustee BNY Mellon Trust Company (Ireland) Limited
Auditor Pricewaterhouse Coopers
Promoter Invesco Investment Management Limited
Recent distributions
Announcement date 5 Dec 2019
Ex-date 12 Dec 2019
Record date 13 Dec 2019
Payment date 19 Dec 2019
Distribution per shares 0.0793
Currency USD
Download all distributions

Key information

Bloomberg ticker SPVX LN
ISIN IE00BX8ZXS68
Benchmark BBG ticker SPXTDVUN
Management fee 0.39%
NAV (10 Dec 2019) $26.30
AUM $3,945,536
Base currency USD

Key risks

Shares of companies are generally considered high risk investments and may result in fluctuations in the value of the Fund due to external factors.

The objective of the Fund is to provide broad exposure to the U.S. equity market with the intention to partially reduce potential losses in that market in line with the Index objective. It is not the intention of the Index to fully reduce all potential losses in the equity market. In addition, the Investment Manager may not be totally successful when replicating the index.

The Fund may use derivatives (complex instruments) to track the Index, although this may not be achieved. The use of such complex instruments may result in large fluctuations in the value of the Fund.

Although the Investment Manager will continually monitor the return of the Fund in comparison to the performance of the relevant Index, there can be no guarantee that the Fund will match the performance of the Index.

If the Fund is unable to hold the securities in the exact proportion required this will affect its ability to track the Index.

As the shares of the Fund are listed on one or more stock exchange(s) there may be insufficient demand to buy or sell the shares which may cause the price to be different than the actual value of the net asset value of the Fund.

Return on your investment may be adversely affected by variations in exchange rates.

 

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

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.