Invesco Technology S&P US Select Sector UCITS 

This Invesco Technology ETF aims to deliver the net total return performance of the S&P Select Sector Capped 20% Technology Index, referred to as the “Reference Index,” after accounting for its expenses. The Reference Index itself tracks the technology segment of the S&P 500 Index. Its constituents are weighted by their free-float market capitalization, with a maximum individual weighting of 19%; any excess weight is then distributed among the remaining uncapped securities. To achieve its goal, the fund typically invests in a portfolio of equities, which generate the bulk of its returns, although these holdings are usually not precisely the same as those within the Reference Index. It also employs unfunded swap contracts with approved financial institutions. These agreements involve exchanging the difference between the returns of the fund's internal equity basket and the Reference Index, with the aim of achieving a more precise and steady alignment with the Reference Index's performance than purely physical replication would allow. Crucially, despite the fund's objective to track the standard net total return index, the swaps it utilizes are linked to an optimized version of the index that incorporates withholding tax advantages. Consequently, the ETF's performance before fees is projected to surpass the returns of the conventional net return index. This ETF is passively managed, operating as an index-tracking vehicle. Investing in this fund means acquiring units in a managed, index-following product, rather than directly owning the underlying assets themselves.