Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc
Product description
The Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc aims to provide the net total return performance of the Dow Jones Islamic Market Developed Markets Index (the “Reference Index”), less the impact of fees.
The Reference Index is designed to reflect the performance of stocks traded in developed-market countries that pass rules-based screens for adherence to Shari’ah investment guidelines. It is constructed by excluding securities that are involved (as defined by the parameters set by the Shari'ah Supervisory Board) in any of the following business activities: alcohol, tobacco, pork-related products, non-Islamic conventional financial services (including, but not limited to, banking and insurance), weapons & defence and entertainment (including, but not limited to, gambling, cinema, music and adult entertainment). Remaining securities are then evaluated according to several financial ratio filters and securities are excluded if they have unacceptable levels of debt or impure interest income. The Reference Index is created by applying a float-adjusted market capitalisation weighting scheme to the remaining eligible securities. It rebalances quarterly.
The portfolio managers aim to achieve the fund’s objective by using portfolio modelling tools and techniques to buy and hold a proportion of the securities that represents the characteristics of the entire Reference Index. The objective of this sampling method is to replicate the Reference Index performance as closely as possible while reducing the costs that would normally be incurred with full replication. Investments made by the fund will by compliant with Shari’ah guidelines prescribed by the Index Provider. The Shari’ah committee appointed by the Investment Manager will be responsible for determining compliance of the fund’s investments with Shari’ah.
This ETF is passively managed.
Security Information
| General information | |
|---|---|
| Base currency | USD |
| Dividend treatment | Continuously reinvested |
| Minimum investment | 1 share |
| Launch date | 7 Jan 2022 |
| Shares outstanding | 27,020,000 |
| Exchanges |
London Stock Exchange SIX Swiss Exchange |
| Further information | |
|---|---|
| ISA | Eligible |
| SIPP | Yes |
| UCITS | Compliant |
| UK reporting status | Yes |
| Countries of distribution | Austria, Denmark, Finland, France, Germany, Ireland, Israel (Institutional), Italy (Institutional), Liechtenstein, Luxembourg, Netherlands, Norway, Portugal, Singapore (Institutional), Spain, Sweden, Switzerland, United Kingdom |
| Structure | |
|---|---|
| Legal form | UCITS Open ended fund |
| Replication method | Physical |
| Domicile | Ireland |
| Financial year end | 31 December |
| Key service providers | |
|---|---|
| Issuer | Invesco Markets II plc |
| Manager | Invesco Investment Management Limited |
| Investment manager | Invesco Capital Management LLC |
| Fund administrator | BNY Mellon Fund Services (Ireland) DAC |
| Depositary | The Bank of New York Mellon SA/NV |
| Auditor | PricewaterhouseCoopers |
| Promoter | Invesco Investment Management Limited |
| Fund statistics NAV ( 27 Jun 2024 ) | |
|---|---|
| Number of holdings | 1722 |
Key information
| Bloomberg ticker | IGDA LN |
| ISIN | IE000UOXRAM8 |
| Benchmark BBG ticker | DJIDEVT |
| Management fee | 0.40% |
| NAV (28 Jun 2024) | $27.98 |
| AUM | $755,896,263 |
| Base currency | USD |
| Replication method | Physical |
| Summary Risk Indicator (SRI) | 4 |
| Umbrella AUM (28 Jun 2024) | $16,381,055,103 |
ESG Profile
(Fund 27 Jun 2024)
| ESG Rating (AAA-CCC) | A |
| Quality Score (0-10) | 6.95 |
| Carbon Intensity | 60.56 |
Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).
Key documents
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.
In respect of the accumulation share classes of this fund, income and other profits which are accumulated are not subject to purification prior to being reinvested in respect of those shares. For income purification purposes, investors in this fund may wish to make donations in accordance with the standards issued by the Accounting and Auditing Organisation for Islamic Financial Institutions.
The Dow Jones Islamic Market Developed Markets Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Invesco. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Invesco. The Invesco Dow Jones Islamic Global Developed Markets UCITS ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Dow Jones Islamic Market Developed Markets Index.
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.
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.