Invesco Euro Cash 3 Months UCITS ETF (PEU.PA)

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The Invesco Euro Cash 3 Months UCITS ETF Acc seeks to mirror the total return performance of the FTSE Eurozone Government Bill 0-6 Month Capped Index, after accounting for its management fees. This reference index specifically includes government bills from Eurozone nations that are actively quoted. However, the weight of each country's bills within the index considers the entire market size of all its bills, whether actively quoted or not, as listed on the MTS Platform, provided they fall within the designated maturity period. For bills maturing within 0-6 months, each issuer is weighted according to its market capitalization, with a cap of 34.5%. Any interest payments (coupons) generated by the bonds in the index portfolio are immediately reinvested into the index, without any deduction for withholding tax. The index's value is derived from real-time quotes on the MTS inter-dealer platform and is rebalanced on a weekly schedule. The fund's managers utilize a passive investment strategy, employing portfolio modeling and sampling methods. Their goal is to achieve the fund's objective by holding a carefully selected subset of the index's securities that accurately represents the characteristics of the entire index. This sampling approach aims to closely replicate the index's performance while keeping operational costs lower than what full replication would entail. An investment in this fund constitutes the acquisition of units in a passively managed, index-tracking product, rather than direct ownership of the underlying assets held by the fund.