Invesco Energy S&P US Select Sector UCITS ETF (XLES.L)

This Invesco Exchange Traded Fund (ETF) aims to mirror the net total return of the S&P Select Sector Capped 20% Energy Index (referred to as the “Reference Index”), after accounting for charges. This benchmark is composed of companies within the energy segment of the S&P 500 Index. Each constituent's weighting is determined by its float-adjusted market capitalization, with a 19% ceiling on individual holdings; any weight exceeding this cap is subsequently distributed proportionally among the remaining uncapped components. To achieve its investment objective, the fund primarily holds a diversified portfolio of equities. While these holdings are generally the main source of the fund's returns, they are typically distinct from the actual securities comprising the Reference Index. Furthermore, the fund utilizes…