Description

The Invesco S&P 500 Scored & Screened UCITS ETF Acc aims to provide the net total return performance of the S&P 500 Scored & Screened Index (the “Reference Index”), less the impact of fees. The Reference Index is market-cap-weighted and designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the S&P 500 Index (the “parent index”). The index has been constructed to provide a risk and return profile similar to that of the parent index, while improving ESG characteristics, it does this by excluding securities that: 1) are involved in business activities in tobacco, thermal coal, oil sands, small arms, military contracting and controversial weapons; 2) are classified as Non-Compliant according to the United Nations Global Compact (UNGC) principles; or 3) have an S&P Dow Jones Index ESG Score that falls within the worst 25% of ESG scores from each GICS industry group. The Reference Index is rebalanced annually.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. 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 0.045% 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.