ETF Trace

Fund report

UCITS · Ireland · Accumulating

MXUE IE000CH3OQ51

US equities hedged to Euro
Invesco MSCI USA UCITS ETF EUR Hdg Acc
Invesco

527 holdings as of 2026-07-31 · top 10 = 37.0% · TER 0.05% · P/E 28.0

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Concentration
Moderately concentratedtop 10 = 37.0%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
527
as of 2026-07-31
Top 10
37.0%
TER
0.05%
cheaper than 97% of peers
Net assets
€91.2B
reported in EUR
Largest
7.0%
P / E
28.0
covers 97% by weight
Sections
Holdings as of 2026-07-31.
01Overview
the fund's regulatory facts
Distribution
Accumulating
Fund currency
EUR
Domicile
Ireland
Structure
Open-ended
First listed
2024-03-21
Volatility 1Y
12.5%
Tracked index
MSCI USA Daily Hedged to EUR NET Index
How it tracks
Synthetic (swap)
Risk rating
4 of 7
02Valuation and performance
market price return · as of 2026-09-17
1M
-0.9%
3M
+1.9%
6M
+15.3%
YTD
+9.3%
1Y
+13.4%
Trackingfund minus MSCI USA Daily Hedged to EUR NET Index · annualised
1Y return gap
-0.12 pp/yr
1Y tracking error
0.03%

A positive return gap means the fund finished ahead of the index over that window. The 1Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

Valuation299 companies covered · weighted, profitable holdings only
28.0
price / earnings
MethodologyCompany-data coverageThe rest is 3% loss-making companies, which carry no P/E by the positive-earner convention.
3.4%
MethodologyEarnings yieldP/E is price over earnings; earnings yield is the reverse, earnings over price, and reads like a bond yield. P/E covers only the profitable holdings, since a loss-making company has no meaningful P/E. Earnings yield counts the loss-makers too, so it covers more of the fund and can fall below zero when the holdings lose money overall.
covers 100% by weight
5.69
price / book
covers 85% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings
50 largest · as of 2026-07-31
#CompanyIdentifierWeight
1Apple Inc USAAPL
7.0
2NVIDIA CORP USNVDA
7.0
3ALPHABET INC USGOOGL
6.0
4Microsoft Corp USMSFT
5.0
5AMAZON.COM INC USAMZN
4.0
6BROADCOM INC USAVGO
3.0
7META PLATFORMS INC-CLASS A USMETA
2.0
8AbbVie Inc USABBV
1.0
9ADVANCED MICRO DEVICES USAMD
1.0
10Applied Materials Inc USAMAT
1.0
11Bank of America Corp USBAC
1.0
12BERKSHIRE HATHAWAY INC. USBRK/B
1.0
13Caterpillar Inc USCAT
1.0
14Chevron Corp USCVX
1.0
15CISCO SYSTEMS, INC. USCSCO
1.0
16THE COCA-COLA COMPANY USKO
1.0
17Costco Wholesale Corp USCOST
1.0
18ELI LILLY & CO USLLY
1.0
19ExxonMobil Holdings Corporation US2670549D
1.0
20General Electric Co USGE
1.0
21Home Depot Inc/The USHD
1.0
22Intel Corp USINTC
1.0
23JOHNSON & JOHNSON USJNJ
1.0
24JPMorgan Chase & Co USJPM
1.0
25LAM RESEARCH CORPORATION USLRCX
1.0
26Mastercard Inc USMA
1.0
27Micron Technology Inc USMU
1.0
28THE PROCTER & GAMBLE COMPANY USPG
1.0
29TESLA INC USTSLA
1.0
30UnitedHealth Group Inc USUNH
1.0
31Visa Inc USV
1.0
32WALMART INC. USWMT
1.0
33THE GOLDMAN SACHS GROUP, INC. USGS
0.5
34Merck & Co Inc USMRK
0.5
35NETFLIX INC USNFLX
0.5
36Philip Morris International Inc USPM
0.5
37GE VERNOVA INC. USGEV
0.4
38KLA Corp USKLAC
0.4
39MORGAN STANLEY USMS
0.4
40PALANTIR TECHNOLOGIES INC-A USPLTR
0.4
41Palo Alto Networks Inc USPANW
0.4
42RTX Corp USRTX
0.4
43Texas Instruments Inc USTXN
0.4
44Wells Fargo & Co USWFC
0.4
45Abbott Laboratories USABT
0.3
46AMERICAN EXPRESS COMPANY USAXP
0.3
47Amgen Inc USAMGN
0.3
48Amphenol Corp USAPH
0.3
49ANALOG DEVICES, INC. USADI
0.3
50ARISTA NETWORKS, INC. USANET
0.3
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04Exposure
Equity 100.0%
By sector
Technology36.4%
Financial Services11.9%
Communication Services9.9%
Consumer Cyclical9.2%
Healthcare9.1%
Industrials8.9%
Consumer Defensive5.9%
Energy2.6%
Utilities1.9%
Real Estate1.6%
Materials1.4%
By country
USUnited States97.3%
IEIreland1.8%
CHSwitzerland0.3%
NLNetherlands0.1%
LRLR0.1%
KYCayman Islands0.1%
CACanada0.1%
BMBermuda0.1%
CurrencyUSD 97.5% EUR 1.9% CHF 0.3% CAD 0.1%
Issuer's scenario analysisaverage return per year over 5 years
Stress
-22.8%
Unfavourable
+1.1%
Moderate
+11.9%
Favourable
+16.1%
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Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

06Where it trades
9 exchanges
ExchangeMICListed since
Borsa ItalianaETFP2024-03-27
Börse DüsseldorfDUSB2024-03-27
Börse FrankfurtFRAA2024-03-27
XetraXETA2024-03-27
Börse MünchenMUNB2024-03-28
Börse StuttgartSTUB2024-04-12
TradegateXGAT2024-08-23
Börse HannoverHAND2024-12-09
Börse HamburgHAMN2025-09-02

Also admitted to 12 other venues, mostly multilateral trading facilities and regional segments.

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