Description

The Invesco NASDAQ-100 Swap UCITS ETF Acc aims to provide the net total return performance of the NASDAQ-100 Index (the "Reference Index"), less the impact of fees. The Reference Index includes 100 of the largest US and international non-financial securities listed on the NASDAQ Stock Market based on market capitalisation. It reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. The 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 Reference Index and the basket of equities held. The aim is to achieve a closer and more consistent performance relative to the Reference 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. As a result the performance of the ETF is likely to exceed the return of the net return index.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.