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Invesco MSCI USA Universal Screened UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: IE000A8N67F3Ticker: ESUD (London SE)Issuer: InvescoClass: Dist
Issuer-declared data
Declared index
MSCI USA Universal Select Business Screens Index
TER
0.09%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
2.7 bn EUR
NAV
109.02 USD (1 September 2026)
Domicile
Ireland
Inception date
9 August 2021
Data as declared by Invesco in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Invesco MSCI USA Universal Screened UCITS ETF Dist tracks the issuer-declared index: MSCI USA Universal Select Business Screens Index. The declared annual cost (TER) is 0.09%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is physical replication (it buys the index constituents); income is distributed to investors. The fund has assets of about 2.7 billion euro, was launched on 9 August 2021 and is domiciled in Ireland. In our registry it is the largest by assets among the 3 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

Investment objective: The investment objective of the Fund is to achieve the net total return performance of the MSCI USA Universal Select Business Screens Index (the "Index"), less fees, expenses and transaction costs. Dividend Policy: This Share Class declares and distributes a dividend on a quarterly basis. Investment approach: The Fund is a passively managed ETF. To achieve the investment objective, the Fund will, as far as possible and practicable, hold all the securities in the Index in their respective weightings. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. The Fund may engage in securities lending, whereby 90% of the revenues arising from securities lending will be returned to the Fund and 10% of the revenues will be retained by the securities lending agent. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund is an Article 8 Fund (it promotes environmental and/or social characteristics) for the purposes of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector ("SFDR"). The Fund’s base currency is USD.

Keep reading the KID section ▾

Redemption and Dealing of Shares:The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or sell shares daily through an intermediary directly or on Stock Exchange(s) on which the shares are traded. In exceptional circumstances investors will be permitted to redeem their shares directly from the Umbrella Fund in accordance with the redemption procedures set out in the prospectus, subject to any applicable laws and relevant charges.

Intended Retail InvestorThe Fund is intended for investors aiming for income and long term capital growth, who may not have specific financial expertise but are able to make an informed investment decision based on this document, the supplement, and the prospectus, have a risk appetite consistent with the risk indicator displayed below and understand that there is no capital guarantee or protection (100% of capital is at risk). Practical Information Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. Find out more: This document is specific to the Fund. Further information about the Fund can be obtained from the supplement, the prospectus, annual and interim reports. The prospectus, annual and interim reports are prepared for the Umbrella Fund, of which the Fund is a sub-fund. These documents are available free of charge in English. They can be obtained along with other information, such as share prices, at https://etf.invesco.com (select your country and navigate to the Documents section on the product page), or by calling +353 1 439 8000. The assets of the Fund are segregated as a matter of Irish law and as such, in Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of another sub-fund. This position may be considered differently by the courts in jurisdictions outside of Ireland. Subject to satisfying certain criteria as set out in the prospectus, investors may be able to exchange their investment in the Fund for shares in another sub-fund of the Umbrella which is being offered at that time. The Index: The Index tracks the performance of large and mid-capitalisation companies in the USA and aims to represent the performance of an investment strategy that, by adjusting the constituents’ free-float market capitalisation weights based upon certain environmental, social and governance ("ESG") metrics, seeks to increase overall exposure to those companies demonstrating both a robust ESG profile as well as a positive trend in improving that profile. The Index is constructed from the MSCI USA Index (the "Parent Index") by using the index provider’s ESG exclusionary criteria to exclude from the Parent Index securities that: 1) have not been assessed or rated by the Index Provider on the basis of their ESG credentials; 2) have faced very severe controversies pertaining to ESG issues (including UN Global Compact violations) over the last three years; 3) are involved (as defined by the index provider) in any of the following business activities: controversial weapons, conventional weapons, nuclear weapons, oil sands, thermal coal, civilian firearms, recreational cannabis and tobacco; or 4) have an MSCI ESG rating of CCC. Each of the eligible component securities is then

From the KID’s “Objectives” section · 14 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.09%: below the median of equity ETFs we track (0.22%).
  • Assets larger than 87% of equity ETFs we track.
  • Average tracking difference over the last 3 years: +0.16% p.a., against a declared TER of 0.09%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Aug 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+73.8%
Annualised
+11.5%
Volatility (ann.)
17.3%
Max drawdown
-27.88%
-24%+3%+30%+57%+84%Aug 2021Nov 2022Feb 2024May 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+74%Aug 2021Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%-25%-30%202120222023202420252026−27.88% · 14 Oct 2022
Max drawdown
-27.88%
peak → trough
Trough
14 Oct 2022
from the 27 Dec 2021 peak
Recovery time
462 days
recovery only: trough to break-even · ≈ 1 year and 3 months
Underwater
753 days
decline + recovery: peak to break-even · ≈ 2 years and 1 month · → recovered on 19 Jan 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Dec 202114 Oct 2022-27.88%19 Jan 2024753
19 Feb 202508 Apr 2025-18.97%27 Jun 2025128
12 Jan 202630 Mar 2026-9.75%15 Apr 202693
16 Jul 202405 Aug 2024-8.42%19 Sept 202465
28 Mar 202419 Apr 2024-6.39%15 May 202448

Calendar-year returns

2021
7.6%
2022
-21.6%
2023
27.4%
2024
24.1%
2025
15.5%
2026
12.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.0-0.8-5.211.95.60.4-1.32.5-0.912.8
20253.3-1.7-5.9-0.66.04.71.52.13.12.60.4-0.415.5
20241.95.33.4-4.64.93.41.82.32.1-1.16.3-3.224.1
20236.4-2.53.50.91.16.63.5-1.2-5.1-2.59.75.127.4
2022-6.8-3.43.2-9.4-0.4-8.29.2-4.4-9.37.76.1-6.0-21.6
2021-4.97.5-0.53.67.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: Invesco. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 4 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.16% /anno
Declared TER
0.09%
YearFundIndexDifference
2025+15.49%+15.37%+0.12%
2024+24.08%+23.96%+0.12%
2023+27.44%+27.20%+0.23%
2022-21.61%-21.72%+0.11%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 years
Volatility (ann.)13.56%16.22%18.47%
Max drawdown-8.58%-22.99%-22.99%
Sharpe1.280.820.51
Sortino1.881.170.73
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
471
Top-10 weight
32.5%

Top 10 holdings

MICROSOFT CORP USD0.00000625
5.78%
APPLE INC USD0.00001
5.23%
NVIDIA CORP USD0.001
4.74%
BROADCOM INC NPV
4.33%
AMAZON.COM INC USD0.01
3.23%
ALPHABET INC-CL A USD0.001
2.33%
ADVANCED MICRO DEVICES USD0.01
1.96%
ALPHABET INC-CL C USD0.001
1.83%
VISA INC-CLASS A SHARES USD0.0001
1.64%
MICRON TECHNOLOGY INC USD0.1
1.38%
Download the full portfolio — Excel, 471 rows
Full portfolio declared by Invesco, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.234 USD
ex 11 Jun 2026 · paid 18 Jun 2026
Dividends, last 12 months
0.91 USD
Dividend yield
0.83%
12-month sum over the NAV as of 3 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.91 USD0.99 %
20250.88 USD1.04 %
20240.84 USD1.21 %
20230.82 USD1.48 %
20220.76 USD1.07 %

Dividend contribution to total return

-30%-20%-10%0%10%20%30%+20.98 %1 year+15.40 %2025+24.00 %2024+27.29 %2023−21.59 %2022
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.240.230.24
20250.210.230.210.23
20240.200.200.210.23
20230.180.220.190.22
20220.170.190.200.19
20210.050.18

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.2419 USD10 Sept 2026 · announced11 Sept 202617 Sept 2026
0.234 USD11 Jun 202612 Jun 202618 Jun 2026
0.2399 USD12 Mar 202613 Mar 202619 Mar 2026
0.2285 USD11 Dec 202512 Dec 202518 Dec 2025
0.2125 USD11 Sept 202512 Sept 202518 Sept 2025
0.229 USD12 Jun 202513 Jun 202520 Jun 2025
0.2098 USD13 Mar 202514 Mar 202520 Mar 2025
0.2272 USD12 Dec 202413 Dec 202419 Dec 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (16 Sept 2021). Past dividends are not indicative of future ones.

ETFs declaring the same index

FundTERIncomeFund size
ESGU · Invesco
0.09%Acc.2.7 mld EUR
ESPB · Invesconot on Borsa Italiana
0.12%Acc.2 mld EUR
3 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Stock exchange listings

ExchangeTicker
London Stock ExchangeESUD
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Invesco MSCI USA Universal Screened UCITS ETF Dist track?
The issuer Invesco declares the benchmark: MSCI USA Universal Select Business Screens Index.
How much does ESUS cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.00%.
How is ESUS taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of ESUS?
The fund size declared by Invesco is about 2.7 billion euro.
When was ESUS launched?
The fund was launched on 9 August 2021: it has 5 years of history.
How does ESUS replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical”).
Does ESUS pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing (Quarterly)”).
What was ESUS's worst fall?
Over the available history (since 2021), the maximum drawdown was -28.59%, reached in October 2022. Past performance is not indicative of future results.
What is ESUS's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.16% per year versus its index (from issuer-declared series).
How many securities does ESUS hold?
The declared portfolio holds 471 securities; the top 10 positions weigh 32.5%.
Transparency note
The data in this sheet is declared by Invesco in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.