The Invesco JPX-Nikkei 400 UCITS ETF Acc is designed to mirror the overall post-fee performance of its benchmark, the JPX-Nikkei 400 Index (referred to as the 'Reference Index'). This Reference Index offers comprehensive coverage of 400 companies listed on the Tokyo Stock Exchange, spanning large-cap, small-cap, growth, and innovative sectors. It prioritizes firms demonstrating strong potential for creating shareholder value. A collaborative effort by Nikkei and the Japan Exchange Group, its constituent selection criteria extend beyond mere market capitalization to encompass factors such as return on equity, operating profit, and robust corporate governance practices. To achieve its investment objective, the fund primarily invests in a diverse portfolio of equities. While this portfolio typically generates the majority of the fund's returns, its holdings are not usually an exact replica of the Reference Index's components. Additionally, the fund employs unfunded swap agreements. These derivatives involve approved counterparties exchanging with the fund any disparity between the performance of the Reference Index and that of the fund's physical equity holdings. This synthetic approach is utilized to ensure a tighter and more consistent alignment with the index's performance than could be achieved through direct stock replication alone. As a passively managed, index-tracking fund, investors acquire units in the ETF itself, rather than gaining direct ownership of the underlying securities held within the fund.