SPXD.SW

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Fund Information

Issuer

Invesco

Category

Technology

Inception Date

Oct 26, 2015

Description

The Invesco S&P 500 UCITS ETF Dist aims to provide the net total return performance of the S&P 500 Index (the "Reference Index"), less the impact of fees. The fund distributes dividends on a quarterly basis.The Reference Index provides exposure to large capitalisation US equities, comprises of around 500 companies and covers around 80% of available US equity market capitalisationThe 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.While the investment objective of the fund is to replicate the net total return index, the swaps entered into by the fund reference the gross total return index. The swap fee paid by the fund is relative to this gross total return index and as a result the performance of the ETF is likely to exceed the return of the net return index.To assist with meeting some of the Fund's costs, the Manager may receive an annual fees contribution of up to 0.035% of the swap notional amount from the swap counterparties active on this fund. This fee contribution has no impact on the Fund’s net asset value and does not represent an incremental cost borne by investors.This ETF is passively managed. An investment in this fund is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund.

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