Invesco US Enhanced Equity UCITS ETF Acc

Issuer: Invesco

Asset Class: Equity

TER: 30bps

Trading Currency: GBX

Pays Income: False

Listing Date: 10 Oct 2025

Ticker: IQUX

ISIN: IE0009EGAHL0

This fund offers a strategic approach to investing in the US equity market by aiming to replicate the performance of the S&P 500 Enhanced Value Index. The investment objective is to achieve long-term capital growth by providing exposure to large-cap US companies that are identified as being undervalued according to a set of specific financial metrics. This methodology deviates from traditional market-cap weighting, instead employing a factor-based strategy designed to capture the potential outperformance associated with the 'value' premium. By systematically selecting stocks that may be mispriced by the broader market, the fund seeks to provide enhanced returns over a standard benchmark. The accumulating share class structure ensures that all income and dividends are automatically reinvested, supporting the compounding of capital over the long term.

The underlying index's selection process is rooted in a rigorous, rules-based methodology. It identifies the top 20% of stocks within the S&P 500 universe based on a composite 'value score'. This score is meticulously calculated using three widely recognized fundamental ratios: book value-to-price, earnings-to-price, and sales-to-price. This multi-faceted screening ensures a robust and comprehensive assessment of a company's intrinsic value, aiming to identify fundamentally sound businesses trading at a discount relative to their financial health. The constituents are then weighted by a combination of their value score and market capitalization, giving greater prominence to securities with the strongest value characteristics. The index undergoes an annual rebalancing, ensuring the portfolio remains aligned with its core value mandate by cycling out of companies that no longer meet the criteria and into newly identified opportunities.