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Invesco Global Active Defensive ESG Equity UCITS ETF EUR 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 0.30%, plus 0.10% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 292 million euro, was launched on 19 July 2022 and is domiciled in Ireland. In our registry 7 other ETFs declare the same index.
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 that meet environmental, social, and corporate governance ("ESG") criteria while limiting the volatility of the portfolio. Dividend Policy: This Share Class does not pay you income, but instead reinvests it to grow your capital, in line with its stated objectives.
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 its investment objective, the Fund will invest primarily in a portfolio of equity and equity-related securities of companies from developed markets worldwide whereby securities are selected by the Sub-Investment Manager based on three criteria: 1) compliance with the Fund’s ESG policy (the "ESG Policy"); which incorporates both exclusion criteria (based on an issuers exposure to controversial business activities or ESG controversies) and a best-in-class approach which selects those securities from each industry that score highest according to the Sub-Investment Manager’s scoring system; 2) attractiveness determined in accordance with the Sub-Investment Manager’s quantitative investment model; and 3) consistency between the portfolio’s expected risk characteristics and the Fund’s investment objective. Fund holdings are rebalanced monthly. The "quantitative investment model" uses mathematical, logical and statistical techniques for stock selection purposes.
The Fund is actively managed in reference to the MSCI World Index (the "Benchmark"). The Fund will not seek to track the performance of the Benchmark. The Fund’s portfolio holdings are selected through an optimisation process that utilises the Benchmark as a reference for risk and return characteristics. The Benchmark is also used for performance comparison purposes. 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 defaults. The Fund is an Article 8 Fund (it promotes environmental and/or social
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 peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 16 Aug 2022 | 30 Sept 2022 | -12.18% | 28 Apr 2023 | 255 |
| 19 Feb 2025 | 08 Apr 2025 | -10.85% | 12 May 2025 | 82 |
| 27 Feb 2026 | 27 Mar 2026 | -7.81% | 14 May 2026 | 76 |
| 28 Jul 2023 | 27 Oct 2023 | -6.64% | 01 Dec 2023 | 126 |
| 16 Jul 2024 | 05 Aug 2024 | -6.38% | 19 Aug 2024 | 34 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.0 | 2.6 | -6.1 | 4.8 | 3.5 | -0.4 | 2.8 | 2.5 | 0.5 | 10.2 | |||
| 2025 | 3.2 | 1.2 | -2.4 | 0.1 | 4.6 | 1.2 | 0.2 | 1.9 | 1.5 | 0.2 | 1.6 | 0.5 | 14.3 |
| 2024 | 3.6 | 2.7 | 3.3 | -3.0 | 3.3 | 1.4 | 2.2 | 2.9 | 0.7 | -1.3 | 4.5 | -2.8 | 18.6 |
| 2023 | 3.6 | -1.2 | 1.4 | 1.9 | -2.2 | 4.4 | 1.0 | -1.2 | -2.2 | -2.1 | 5.7 | 2.6 | 11.9 |
| 2022 | -3.1 | -6.8 | 7.0 | 4.6 | -3.7 | -0.7 |
| Last year | Last 3 years | Full history | |
|---|---|---|---|
| Volatility (ann.) | 8.23% | 9.13% | 9.57% |
| Max drawdown | -7.81% | -10.85% | -12.18% |
| Sharpe | 1.41 | 1.27 | 1.00 |
| Sortino | 2.11 | 1.79 | 1.42 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
SMSWLD · Invesco | 0.05% | Acc. | 8.5 mld EUR |
IQGA · Invescoactive | 0.24% | Acc. | 994 mln EUR |
LVLC · Invesco · 2 classesactive | 0.25% | Acc. · Dist. | 339 mln EUR |
IQGE · Invescoactive | 0.29% | Acc. | 857 mln EUR |
IQSA · Invescoactive | 0.30% | Acc. | 3 mld EUR |
IQSE · Invesco · 2 classesactive | 0.30% | Acc. · Dist. | 2.5 mld EUR |
IQGG · Invescoactivenot on Borsa Italiana | 0.29% | Acc. | 734 mln EUR |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE000XIBT2R7LVLEOfficial lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Trading since |
|---|---|---|
| Borsa Italiana (ETFplus) | LVLE | 21 Jul 2022 |
| Börse Düsseldorf | LVLE | 21 Jul 2022 |
| Börse Frankfurt | LVLE | 21 Jul 2022 |
| Börse Hamburg | LVLE | 19 Oct 2022 |
| Börse Hannover | LVLE | 9 Dec 2024 |
| Börse München / gettex | LVLE | 8 Dec 2022 |
| Börse Stuttgart | LVLE | 28 Feb 2025 |
| Tradegate Exchange | LVLE | 16 Oct 2023 |
| Xetra (Deutsche Börse) | LVLE | 21 Jul 2022 |