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Invesco MSCI Europe Universal Screened UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: IE00BJQRDL90Ticker: EEUR (Borsa Italiana) · ESGE (Xetra) · ESGE (London SE) · ESGE (SIX)Issuer: InvescoClass: Acc
Issuer-declared data
Declared index
MSCI Europe Universal Select Business Screens Index
TER
0.16%
Transaction costs
0.03% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
191.1 mln EUR
NAV
82.92 EUR (1 September 2026)
Domicile
Ireland
Inception date
13 June 2019
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 Europe Universal Screened UCITS ETF Acc tracks the issuer-declared index: MSCI Europe Universal Select Business Screens Index. The declared annual cost (TER) is 0.16%, plus 0.03% in transaction costs estimated by the issuer in the KID. Replication is physical replication (it buys the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 191 million euro, was launched on 13 June 2019 and is domiciled in Ireland.

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 Europe Universal Select Business Screens Index (the "Index"), less fees, expenses and transaction costs. 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 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 EUR.

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 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 Europe 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 Europe 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 0.16%: below the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.14% p.a., against a declared TER of 0.16%.
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) · EUR · from Jun 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+110.7%
Annualised
+10.9%
Volatility (ann.)
16.3%
Max drawdown
-33.71%
-25%+11%+48%+84%+120%Jun 2019Apr 2021Jan 2023Nov 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+111%Jun 2019Sept 2026
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%-10%-20%-30%-40%-50%2019202120232025−33.71% · 18 Mar 2020
Max drawdown
-33.71%
peak → trough
Trough
18 Mar 2020
from the 19 Feb 2020 peak
Recovery time
331 days
recovery only: trough to break-even · ≈ 11 months
Underwater
359 days
decline + recovery: peak to break-even · ≈ 12 months · → recovered on 12 Feb 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202018 Mar 2020-33.71%12 Feb 2021359
04 Jan 202229 Sept 2022-21.74%14 Dec 2023709
03 Mar 202509 Apr 2025-16.54%19 Aug 2025169
27 Feb 202620 Mar 2026-10.23%22 May 202684
12 Jul 202405 Aug 2024-7.54%29 Aug 202448

Calendar-year returns

2019
11.0%
2020
1.1%
2021
25.7%
2022
-12.3%
2023
16.6%
2024
9.5%
2025
17.9%
2026
13.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.23.8-8.66.53.53.80.50.6-0.213.2
20255.93.2-4.8-0.44.6-1.60.71.11.52.70.93.017.9
20241.82.23.6-1.03.6-0.40.81.8-0.2-3.61.1-0.49.5
20237.31.40.62.3-2.02.21.9-2.7-1.9-3.96.94.016.6
2022-4.5-3.50.8-0.6-1.7-7.58.0-5.4-6.65.67.3-3.4-12.3
2021-0.81.96.52.52.61.82.12.4-3.55.0-2.45.425.7
2020-0.9-7.7-13.56.63.53.5-0.22.9-0.9-4.913.12.31.1
20190.5-0.83.71.32.42.111.0
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.
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 6 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.14% /anno
Declared TER
0.16%
YearFundIndexDifference
2025+17.88%+17.72%+0.15%
2024+9.49%+9.35%+0.14%
2023+16.57%+16.45%+0.12%
2022-12.31%-12.38%+0.07%
2021+25.70%+25.56%+0.14%
2020+1.11%+1.02%+0.10%
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 yearsFull history
Volatility (ann.)12.60%12.65%14.14%16.10%
Max drawdown-10.23%-16.54%-21.74%-33.71%
Sharpe1.530.920.510.60
Sortino2.391.300.710.82
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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
356
Top-10 weight
25.4%

Top 10 holdings

ASML HOLDING NV EUR0.09
5.41%
HSBC HOLDINGS PLC GBP 0.5000
3.19%
ROCHE HOLDINGS AG CHF NPV
2.67%
NOVARTIS AG-REG CHF0.5
2.63%
NESTLE SA-REG CHF0.1
2.22%
SIEMENS AG-REG NPV
2.13%
SAP SE NPV
1.99%
BANCO SANTANDER SA EUR0.5
1.86%
ALLIANZ SE-REG NPV
1.77%
TOTAL ENERGIES SE EUR2.5
1.58%

Sectors

Financials
30.7%
Industrials
13.6%
Health Care
13.0%
Information Technology
10.2%
Consumer Staples
9.3%
Utilities
5.8%
Consumer Discretionary
5.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 10.3%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 13%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 7.5%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 10.8%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItaly: 5.8%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 9.2%NorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 4.5%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 11.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom16.4%
Germany13%
Other11.5%
United States11.1%
France10.8%
Switzerland10.3%
Netherlands9.2%
Download the full portfolio — Excel, 356 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 →

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

ExchangeTickerTrading since
Borsa Italiana (ETFplus)EEUR18 Jun 2019
Börse DüsseldorfESGE25 Feb 2020
Börse FrankfurtESGE19 Jun 2019
Börse HamburgESGE20 Aug 2019
Börse HannoverESGE9 Dec 2024
Börse München / gettexESGE19 Feb 2020
Börse StuttgartESGE21 Jun 2019
Tradegate ExchangeESGE26 Mar 2020
Xetra (Deutsche Börse)ESGE19 Jun 2019
+ 13 more trading venues (MTFs and professional platforms).
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 Europe Universal Screened UCITS ETF Acc track?
The issuer Invesco declares the benchmark: MSCI Europe Universal Select Business Screens Index.
How much does EEUR cost?
The issuer-declared TER is 0.16% per year; the transaction costs estimated in the KID are 0.03%.
How is EEUR 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 EEUR?
The fund size declared by Invesco is about 191 million euro.
When was EEUR launched?
The fund was launched on 13 June 2019: it has 7 years of history.
How does EEUR replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical”).
Does EEUR pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does EEUR trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (EEUR), Börse Düsseldorf (ESGE), Börse Frankfurt (ESGE), Börse Hamburg (ESGE), Börse Hannover (ESGE), Börse München / gettex (ESGE).
What was EEUR's worst fall?
Over the available history (since 2019), the maximum drawdown was -33.71%, reached in March 2020. Past performance is not indicative of future results.
What is EEUR's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.14% per year versus its index (from issuer-declared series).
How many securities does EEUR hold?
The declared portfolio holds 356 securities; the top 10 positions weigh 25.4%.
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.