Description

The Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc seeks to deliver the net total return performance of its benchmark, the Dow Jones Islamic Market Developed Markets Index (the “Reference Index”), after accounting for fees. This Reference Index is constructed to represent the performance of equities in developed markets that successfully meet stringent Shari’ah investment criteria. Specifically, the index excludes companies involved in activities deemed impermissible by the Shari'ah Supervisory Board, including: alcohol, tobacco, pork-related products, non-Islamic conventional financial services (like banking and insurance), weapons & defence, and various forms of entertainment (such as gambling, cinema, music, and adult entertainment). Additionally, eligible securities are further filtered based on financial ratios, leading to the exclusion of those with unacceptable levels of debt or impure interest income. The resulting index components are weighted according to their float-adjusted market capitalization, and the index is rebalanced quarterly. To achieve its objective, the fund's portfolio managers employ sophisticated modeling and analytical techniques to build a portfolio by acquiring a representative sample of the Reference Index’s securities. This sampling strategy aims to closely track the index’s performance while simultaneously reducing the operational costs typically associated with full replication. All investments held by the fund are required to adhere to the Shari’ah guidelines established by the Index Provider. An independent Shari’ah committee, appointed by the Investment Manager, is responsible for overseeing and confirming the Shari’ah compliance of the fund’s holdings. Income and profits accumulated within the fund itself are reinvested without prior purification. However, for personal income purification purposes, investors may consider making charitable donations based on a dividend-purging methodology. This ETF is a passively managed, index-tracking fund, meaning an investment represents the acquisition of fund units rather than direct ownership of the underlying assets.