ETF Trace

Fund report

UCITS · Ireland · Accumulating

MXUE IE000CH3OQ51

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

513 holdings as of 2026-09-16 · top 10 = 38.0% · TER 0.05% · P/E 27.7

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Concentration
Moderately concentratedtop 10 = 38.0%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
513
as of 2026-09-16
Top 10
38.0%
TER
0.05%
cheaper than 97% of peers
Net assets
€94.3B
reported in EUR
Largest
8.0%
P / E
27.7
covers 97% by weight
Sections
Holdings as of 2026-09-16.
01Overview
the fund's regulatory facts
Distribution
Accumulating
Fund currency
EUR
Domicile
Ireland
Structure
Open-ended
First listed
2024-03-21
Volatility 1Y
12.4%
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 2026-10-30
1M
-1.7%
3M
+1.9%
6M
+5.4%
YTD
+8.5%
1Y
+8.7%
Trackingfund minus MSCI USA Daily Hedged to EUR NET Index · annualised
1Y return gap
-0.12 pp/yr
1Y tracking error
0.02%

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
27.7
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
5.83
price / book
covers 86% 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 2026-09-16
#CompanyIdentifierWeight
1Apple Inc USAAPL
7.8
2NVIDIA CORP USNVDA
7.8
3Microsoft Corp USMSFT
4.9
4ALPHABET INC USGOOGL
4.9
5AMAZON.COM INC USAMZN
3.9
6BROADCOM INC USAVGO
2.0
7META PLATFORMS INC-CLASS A USMETA
2.0
8Micron Technology Inc USMU
2.0
9TESLA INC USTSLA
2.0
10AbbVie Inc USABBV
1.0
11ADVANCED MICRO DEVICES USAMD
1.0
12Applied Materials Inc USAMAT
1.0
13Bank of America Corp USBAC
1.0
14BERKSHIRE HATHAWAY INC. USBRK/B
1.0
15Caterpillar Inc USCAT
1.0
16Chevron Corp USCVX
1.0
17CISCO SYSTEMS, INC. USCSCO
1.0
18THE COCA-COLA COMPANY USKO
1.0
19Costco Wholesale Corp USCOST
1.0
20ELI LILLY & CO USLLY
1.0
21ExxonMobil Holdings Corporation US2670549D
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
27Merck & Co Inc USMRK
1.0
28PALANTIR TECHNOLOGIES INC-A USPLTR
1.0
29THE PROCTER & GAMBLE COMPANY USPG
1.0
30UnitedHealth Group Inc USUNH
1.0
31Visa Inc USV
1.0
32WALMART INC. USWMT
1.0
33General Electric Co USGE
0.5
34Home Depot Inc/The USHD
0.5
35NETFLIX INC USNFLX
0.5
36Palo Alto Networks Inc USPANW
0.5
37Philip Morris International Inc USPM
0.5
38CROWDSTRIKE HOLDINGS INC - A USCRWD
0.4
39GE VERNOVA INC. USGEV
0.4
40THE GOLDMAN SACHS GROUP, INC. USGS
0.4
41MORGAN STANLEY USMS
0.4
42Oracle Corp USORCL
0.4
43RTX Corp USRTX
0.4
44Texas Instruments Inc USTXN
0.4
45Thermo Fisher Scientific Inc USTMO
0.4
46Wells Fargo & Co USWFC
0.4
47Abbott Laboratories USABT
0.3
48AMERICAN EXPRESS COMPANY USAXP
0.3
49Amgen Inc USAMGN
0.3
50Amphenol Corp USAPH
0.3
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04Exposure
Equity 100.0%
By sector
Technology40.0%
Financial Services11.5%
Healthcare10.2%
Consumer Cyclical9.5%
Communication Services8.8%
Industrials7.9%
Consumer Defensive6.0%
Energy2.8%
Real Estate1.6%
Utilities1.6%
Materials1.4%
By country
USUnited States100.1%
IEIreland1.7%
CHSwitzerland0.3%
NLNetherlands0.1%
LRLR0.1%
CACanada0.1%
BMBermuda0.1%
CurrencyUSD 100.2% EUR 1.8% 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%
05Similar funds
funds with comparable exposure
IE00B5BMR087
the S&P 500 UCITS (CSPX/SXR8)
283 shared companies
85.9%compare →
IE00B4L5Y983
MSCI World (IWDA/EUNL)
295 shared companies
66.6%compare →
IE00BK5BQT80
FTSE All-World (VWCE)
296 shared companies
55.8%compare →

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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