Invesco Health Care S&P US Select Sector UCITS 

The Invesco Health Care S&P US Select Sector UCITS ETF Acc seeks to match the net total return performance of the S&P Select Sector Capped 20% Health Care Index, subtracting any applicable fees. This benchmark specifically targets the healthcare businesses within the S&P 500, assigning weights based on each company's free-float market capitalization, with a 19% maximum limit per constituent, and reallocating any surplus weight to the remaining unrestricted stocks. To achieve this, the fund utilizes a synthetic replication method, holding a diverse collection of shares that typically generate most of its returns but aren't necessarily identical to the index's constituents. It also employs unfunded swap agreements with approved financial partners. These swaps are designed to exchange the difference between the index's returns and the fund's equity portfolio returns, aiming for more precise and consistent performance alignment with the index than traditional physical asset replication would allow. An important feature is that the swaps are linked to an optimized Withholding Tax index version, meaning the ETF's pre-fee performance is expected to exceed that of the standard net return index. This is a passively managed fund designed to track its index, and investing in it means acquiring shares in the fund itself, not direct ownership of the underlying company assets.