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ETF sheet · Issuer-declared data
Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
🇮🇹 Effective capital-gains rate: 26.00%details →

Invesco Global Enhanced Equity UCITS ETF GBP PfHdg AccIndex, costs, backtest, listings and taxation

ISIN: IE000HGM78N6Ticker: IQGG (London SE)Issuer: InvescoClass: GBP PfHdg Acc

Global Equity actively managed; the declared benchmark, MSCI World Total Return (Net) Index, is a yardstick, accumulating. Share class in pounds sterling (GBP), currency-hedged.

0.29% + 0.09%
TER + KID transaction costs ✓ declared by the issuer
486
rows published by the issuer · holdings ↓ ✓ declared by the issuer
986 m €
fund assets ✓ declared by the issuer
Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name
Invesco Global Enhanced Equity UCITS ETF GBP PfHdg Acc
Declared index
MSCI World Total Return (Net) Index
Management
Active management
Replication
Active
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
986.2 mln EUR
Domicile
Ireland

Share class · this page

ISIN
IE000HGM78N6 · GBP PfHdg Acc
Ticker
IQGG (London SE)
Share-class currency
pounds sterling (GBP) · currency-hedged
TER
0.29%
Transaction costs
0.09% (issuer estimate, from the KID)
Income policy
NAV
6.74 GBP (16 October 2026)
Share-class launch
19 May 2025
Data as declared by Invesco in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.
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Quick reads

  • TER 0.29%above the median of equity ETFs we track (0.23%).≈ computed by Rebalix
  • 486 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
  • Top 10 = 28.7%of the fund✓ declared by the issuer
  • Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix
✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

Invesco Global Enhanced Equity UCITS ETF GBP PfHdg Acc is an actively managed ETF: it does not track an index — the declared index (MSCI World Total Return (Net) Index) is a comparison yardstick only. The declared annual cost (TER) is 0.29%, plus 0.09% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 986 million euro, was launched on 19 May 2025 and is domiciled in Ireland. In our registry 7 other ETFs declare the same index.

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

Dividend Policy: This Share Class does not pay you income, but instead reinvests it to grow your capital, in line with its stated objectives. Investment objective: The objective of the Fund is to achieve a long-term return in excess of the MSCI World Index (the "Benchmark") by investing in an actively managed portfolio of global equities.

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. Investment approach: To achieve the investment objective, the Fund will invest primarily in a portfolio of equities and equity-related securities, tracking stocks, and depositary receipts of companies from developed markets worldwide. Securities are selected based on two criteria: 1) attractiveness determined in accordance with the quantitative investment model; and 2) consistency between the portfolio’s expected risk characteristics and the Fund’s investment objective. Eligible securities are then scored based on their attractiveness with respect to three investment factors: Value (i.e. companies perceived to be ‘inexpensive’ relative to sector or market averages), Quality (i.e. companies that demonstrate stronger balance sheets relative to sector or market averages) and Momentum (i.e. companies whose historical share price performance or earnings growth have exceeded sector or market averages). The Fund holds a sub-set of these stocks, using an optimisation process that seeks to maximise exposure to those investment factors whilst targeting a risk profile that is consistent with the Fund’s investment objective. Fund holdings are rebalanced monthly. The Fund is an actively managed ExchangeTraded Fund. The Fund will not seek to track the performance of the Benchmark. The Fund will hold an actively managed portfolio of securities with the aim of delivering superior risk-adjusted returns over the long term when compared with the average performance of global equity markets. Investors should note that the Benchmark is the intellectual property of the index provider. The Fund is not sponsored or endorsed by the index provider and a full disclaimer can be found in the Fund’s supplement. 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

Intended Retail InvestorThe Fund is intended for investors aiming for 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.

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

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

  1. Share-class launch
    19 May 2025
    declared by the issuer
  2. Basket snapshots
    3 monthly
    since August 2026
  3. Dated events
    none so far
    TER, index, name, tax: every change is an event
Open the history →

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 →
PerformanceIn this sectionChartBacktest

Fund performance

issuer-declared net asset value (NAV) · GBP (loading exchange rates) · from May 2025 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+34.9%
Annualised
+23.6%
Volatility (ann.)
10.6%
Max drawdown
-7.72%
-5%+7%+18%+30%+42%May 2025Sept 2025Feb 2026Jun 2026Oct 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+34.9%
19 May 2025 → 16 Oct 20261 year and 5 months · +34.9%
19 May 202516 Oct 2026May 2025Oct 2026
Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.
Calculations on the NAV: total-return series currency not qualified.
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. NAV and exchange prices can differ, so comparison sites using the price may show different returns and volatility: any specific gap can only be judged by comparing the series, dates and method used. Details in the methodology.
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%-2%-4%-6%-8%-10%20252026−7.72% · 30 Mar 2026
Max drawdown
-7.72%
peak → trough
Trough
30 Mar 2026
from the 25 Feb 2026 peak
Recovery time
15 days
recovery only: trough to break-even
Underwater
48 days
decline + recovery: peak to break-even · → recovered on 14 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
25 Feb 202630 Mar 2026-7.72%14 Apr 202648
12 Nov 202520 Nov 2025-4.36%04 Dec 202522
02 Jun 202610 Jun 2026-3.68%15 Jun 202613
08 Oct 202510 Oct 2025-2.65%24 Oct 202516
13 Aug 202616 Sept 2026-2.61%ongoing64

Calendar-year returns

2025
17.7%
since launch, 19 May
2026
14.6%
2025: the share class was launched on 19 May 2025; the return runs from launch to 31 December 2025 and is not a full year.

Month-by-month returns

2026Year 14.6%
Jan
2.0
Feb
1.5
Mar
-5.0
Apr
8.7
May
4.7
Jun
0.4
Jul
0.7
Aug
1.8
Sept
-0.4
Oct
-0.1
Nov
·
Dec
·
2025Year 17.7%(since launch)
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
3.8
Jul
2.3
Aug
2.3
Sept
3.9
Oct
2.6
Nov
0.7
Dec
1.3
JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.01.5-5.08.74.70.40.71.8-0.4-0.114.6
20253.82.32.33.92.60.71.317.7(since launch)
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.

Method and sources

Source: Invesco. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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.
RiskIn this sectionRisk

Risk indicators· EUR

Last year
Volatility (ann.)11.78%
Max drawdown-7.36%
Sharpe1.66
Sortino2.53
Full history
Volatility (ann.)11.41%
Max drawdown-7.36%
Sharpe1.66
Sortino2.51
Last yearFull history
Volatility (ann.)11.78%11.41%
Max drawdown-7.36%-7.36%
Sharpe1.661.66
Sortino2.532.51
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. The max drawdown is identical across windows because the deepest fall is recent (peak 25 Feb 2026 → trough 30 Mar 2026): one episode dominates every look-back period. 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: 2.25%), 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.
PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list
486
Top-10 weight
28.7%

Top 10 holdings

NVIDIA CORP USD0.001
5.85%
APPLE INC USD0.00001
5.42%
MICROSOFT CORP USD0.00000625
3.93%
ALPHABET INC-CL A USD0.001
3.90%
AMAZON.COM INC USD0.01
2.67%
Meta Platforms INC USD0.000006
1.76%
BROADCOM INC NPV
1.65%
MICRON TECHNOLOGY INC USD0.1
1.55%
ADVANCED MICRO DEVICES USD0.01
1.01%
TESLA INC USD0.001
1.00%
⬇ Download the published holdings — Excel, 486 rows
Holdings as published by Invesco, holdings as at 1 October 2026: 486 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. Weights are reported without rescaling and may not sum to 100%. How Rebalix verifies portfolio holdings →
StructureIn this sectionSame indexExchanges

ETFs declaring the same index

FundTERIncomeFund size
SMSWLD · Invesco · 2 classes
0.05%Acc. · Dist.9.4 mld EUR
IQGA · Invescoactive
0.24%Acc.1.3 mld EUR
LVLC · Invesco · 2 classesactive
0.25%Dist. · Acc.343 mln EUR
IQGE · Invescoactive
0.29%Acc.1.2 mld EUR
IQSA · Invescoactive
0.30%Acc.3.1 mld EUR
IQSE · Invesco · 2 classesactive
0.30%Acc. · Dist.2.8 mld EUR
LVLE · Invescoactive
0.30%Acc.304 mln EUR
8 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 as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — not a zero.

Stock exchange listings

Exchanges with a ticker available
ExchangeTickerExchange sourceRegistered since
London Stock ExchangeIQGGfrom the issuerissuer’s product list (exchange outside the FIRDS perimeter)—
from the issuer — ticker declared by the issuer in its product list.
Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.
Other exchanges on record · 1 · show
ExchangeTickerExchange sourceRegistered since
Euronext Dublinnot availableESMA register (FIRDS)20 May 2025
For these exchanges none of the listing sources Rebalix covers provides a ticker; the listing is known from the ESMA register (FIRDS) or declared by the issuer.
+ 2 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.
Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.
DocumentsIn this sectionDocumentsFAQ

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.

Frequently asked questions

Which index does Invesco Global Enhanced Equity UCITS ETF GBP PfHdg Acc track?
The issuer Invesco declares the benchmark: MSCI World Total Return (Net) Index.
How much does IQGG cost?
The issuer-declared TER is 0.29% per year; the transaction costs estimated in the KID are 0.09%.
How is IQGG 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 IQGG?
The fund size declared by Invesco is about 986 million euro.
When was IQGG launched?
The fund was launched on 19 May 2025: it has 1 year of history.
Is IQGG actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (MSCI World Total Return (Net) Index) is a yardstick for comparison, not an index being tracked.
Does IQGG pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
What was IQGG's worst fall?
Over the available history (since 2025), the maximum drawdown was -7.72%, reached in March 2026. Past performance is not indicative of future results.
How many positions does IQGG publish?
The list published by the issuer and archived by Rebalix has 486 rows; the top 10 weigh 28.7%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.
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.
Do you represent the issuer? Report a correction or an update