Invesco MSCI World UCITS 

This Invesco Exchange Traded Fund (ETF) seeks to mirror the net total return performance of the MSCI World Index, its designated benchmark, after accounting for all applicable fees. The MSCI World Index is constructed to assess equity market performance across developed economies, incorporating both large and mid-sized companies. It broadly represents about 85% of the free float-adjusted market capitalization within each country it covers. To achieve its investment objective, the fund primarily holds a portfolio of stocks, which typically generates most of its returns, though these holdings may not be identical to those in the benchmark index. The fund also utilizes unfunded swap agreements. These are contracts where one or more authorized counterparties agree to compensate the fund for any difference between the index's return and the return of the fund's physical stock holdings. This synthetic replication method aims for a more precise and stable alignment with the index's performance than could generally be attained through direct physical stock ownership alone. While the fund's primary goal is to replicate the standard net total return index, its swap contracts refer to an optimized version of the index that incorporates enhanced Withholding Tax benefits. As a result, the ETF's performance before any charges are applied is anticipated to exceed that of the conventional net return index. To assist with covering some of the fund's operational expenses, the Manager may receive an annual contribution of up to 0.08% of the swap's notional value from the swap providers. This contribution does not impact the fund’s net asset value (NAV) and does not constitute an additional expense for investors. This ETF is managed passively. Investing in this fund means acquiring shares in an index-tracking vehicle rather than directly owning the individual securities held by the fund.