Invesco MSCI Japan UCITS 

The Invesco MSCI Japan UCITS ETF Acc endeavors to mirror the net total return performance of the MSCI Japan Index (referred to as the "Reference Index"), after accounting for any applicable fees. This Reference Index is crafted to represent the performance of Japan's equity market, capturing a broad spectrum of large and mid-capitalisation companies. It covers approximately 85% of the total free float-adjusted market value across the Japanese market. To achieve its investment objective, the fund primarily invests in a portfolio of equities. While these holdings generate the majority of the fund's returns, they may not perfectly align with the exact constituents of the Reference Index. Furthermore, the ETF utilizes unfunded swaps. These are contractual agreements with approved counterparties, obliging them to exchange with the fund any difference between the returns generated by the fund's equity basket and the performance of the Reference Index. This synthetic replication method, incorporating swaps, is designed to provide a more precise and consistent tracking of the index's performance than could typically be achieved by solely holding physical securities. This ETF functions as a passively managed, index-tracking investment vehicle. Consequently, an investment in this fund constitutes the acquisition of units within the fund itself, rather than direct ownership of the underlying assets held by the fund.