Invesco Utilities S&P US Select Sector UCITS ETF (XLUS.L)

This Invesco ETF, tracking the utilities sector, aims to replicate the net total return performance of its benchmark, the S&P Select Sector Capped 20% Utilities Index, after accounting for management fees. This benchmark specifically comprises utilities companies from the S&P 500 Index. Each constituent within the index is weighted by its float-adjusted market capitalization, with a 19% individual cap; any excess weight is distributed among the remaining uncapped components. To achieve its objective, the fund primarily invests in a portfolio of equities. While these holdings are the main drivers of the fund's returns, they usually do not precisely mirror the securities in the Reference Index. The fund also utilizes unfunded swap agreements with approved counterparties. These contracts facilitate the exchange…