The Invesco S&P 500 UCITS ETF GBP Hdg Acc seeks to track the net total return performance of the S&P 500 GBP Daily Hedged Index, herein called the "Reference Index," after accounting for its own fees. This Reference Index offers exposure to major US corporations, encompassing approximately 500 large-capitalization equities and covering about 80% of the overall US equity market by capitalization. To mitigate the impact of currency fluctuations between the US Dollar and the British Pound, the GBP Hedged index incorporates a daily currency hedge within its calculation. The fund aims to achieve its objective by holding a diversified portfolio of equities, which typically generates the bulk of its returns but does not perfectly align with the specific constituents of the Reference Index. Furthermore, the fund employs unfunded total return swaps. These are agreements with one or more approved counterparties, obligating them to exchange with the fund any performance difference between the Reference Index and the underlying equity basket. This synthetic replication method is designed to achieve closer and more consistent performance relative to the index than would generally be possible through physical replication alone. While the fund's primary goal is to replicate the net total return index, the swaps it enters into are based on the gross total return index. Given that the swap fee is tied to this gross index, the ETF's performance is likely to exceed the return of the net index it aims to track. To help defray some of the Fund's expenses, the Manager may receive an annual fee contribution of up to 0.075% of the swap notional amount from the swap counterparties involved. This contribution has no bearing on the Fund's net asset value and does not represent an extra cost to investors. This ETF is managed passively. Investing in this fund means acquiring units in a passively managed, index-tracking fund, rather than directly owning the underlying securities.