Invesco Goldman Sachs Equity Factor Index Europe UCITS ETF (GS EFI Europe ETF) Acc

Product description

The Invesco Goldman Sachs Equity Factor Index Europe UCITS ETF Acc (the “Fund”) aims to deliver the return of the Goldman Sachs Equity Factor Index Europe Net Total Return EUR (the “Index”), less an annual management fee of 0.45%.

The Index offers broad, European equity exposure. It aims to outperform traditional benchmarks, on an absolute and risk-adjusted basis, by emphasising five factors that may contribute to equity returns: Low beta, Size, Value, Momentum and Quality. The Index is constructed so as to maximise exposure to these factors, while controlling country and sector risk versus market capweighted benchmarks. Weightings are calculated such that each factor contributes an equal amount of risk, once correlations between factors are taken into account. The maximum weighting per constituent is 1%.

Please note that, prior to 25 May 2018, the name of this product was Source Goldman Sachs Equity Factor Index Europe UCITS ETF. This change has no bearing on the investment objective or any other aspect of the product.

Security Information

General information
Base currency EUR
Dividend treatment Continuously reinvested
Minimum investment 1 share
Launch date 6 Jan 2015
Shares outstanding 691,013
Exchanges London Stock Exchange
Borsa Italiana
SIX Swiss Exchange
Deutsche Börse (Xetra)
Further information
ISA Eligible
SIPP Eligible
UCITS Compliant
UK reporting status Yes
Passported to Austria, Chile (Institutional), Finland, France, Germany, Hong Kong S.A.R., China (Institutional), Ireland, Israel (Institutional), Italy, Luxembourg, Netherlands, Norway, Portugal (Institutional), Singapore, Spain, Sweden, Switzerland, United Kingdom
Legal form UCITS
Open ended fund
Replication method Physical with swap overlay
Domicile Ireland
Financial year end 30 November
Tax information for German investors
Equity ratio 99.9479
Key service providers
Issuer Invesco Markets plc
Manager Invesco Investment Management Limited
Investment manager Assenagon Asset Management S.A.
Fund administrator Northern Trust International Fund Administration Services (Ireland) Limited
Depositary Northern Trust Fiduciary Services (Ireland) Limited
Trustee Northern Trust Fiduciary Services (Ireland) Limited
Auditor PricewaterhouseCoopers
Promoter Invesco Investment Management Limited

Key information

Bloomberg ticker EFIE LN
Benchmark BBG ticker GSRPEXEN
Management fee 0.45%
NAV (17 Sep 2020) €142.09
AUM €98,188,955
Base currency EUR
Umbrella AUM (17 Sep 2020) €19,143,513,101

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 and simulated performance. Performance of the Goldman Sachs Equity Factor Index Europe Net Total Return Index prior to 23 April 2014 has been simulated by the index provider using the index rules.
Simulated performance is calculated using the index rules. 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.

Simulated performance data: the historical performance of the Goldman Sachs Equity Factor Index Europe Net Total Return Index (the “Index”) is simulated and uses hypothetical circumstances to estimate how the Index might have performed prior to its actual existence. Invesco provides no assurance or guarantee that the Index will operate or would have operated in the past in a manner consistent with the simulations provided.

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.