Description

This Invesco ETF endeavors to deliver the total return performance of the Bloomberg Commodity Index, after accounting for all associated expenses. The underlying Bloomberg Commodity Index serves as a liquid and broadly diversified benchmark for commodities. It is constructed from futures contracts linked to physical commodities deemed crucial for the global economic landscape. Index components are weighted, with two-thirds based on their market liquidity and one-third on global production levels, and individual and group exposure limits are enforced to maintain diversification. The fund pursues its objective by holding US Treasury Bills and other high-grade, short-dated securities, complemented by the use of unfunded swap agreements. These swaps involve approved counterparties exchanging with the fund any disparity between the index's returns and a predetermined rate tied to the fund's Treasury Bill holdings. For disclosures related to Sustainability Risks under Article 6 of the SFDR, please refer to the Prospectus Addendum available in the Documents section. To help cover certain fund expenses, the Manager may receive an annual contribution, not exceeding 0.060% of the swap's notional value, from the swap counterparties involved; this payment does not affect the Fund's net asset value or impose an additional burden on investors. Operating under a passive management strategy, this ETF is designed to track its index. Therefore, an investment here represents the purchase of units in an index-tracking vehicle, not direct ownership of the underlying assets it holds.