Invesco S&P 500 UCITS ETF (SPXS.MI)

The Invesco S&P 500 UCITS ETF Acc aims to replicate the S&P 500 Index's net total return, after accounting for its own charges. This benchmark index encompasses approximately 500 major US corporations, covering about 80% of the total US stock market valuation. The fund achieves its objective by investing in a portfolio of stocks, which typically generates the majority of its returns, though these holdings are generally not identical to the constituents of the S&P 500. Additionally, the fund utilizes unfunded swaps, which are agreements with approved financial institutions to exchange the difference between the returns of its equity basket and the index. This hybrid strategy is designed to provide more accurate and consistent tracking of the index compared to…