# Invesco MSCI China All Shares Connect UCITS ETF AccumUSD (MCHS)

**Page:** https://fundology.uk/fund/mchs · ISIN IE00BK80XL30

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, MCHS (Invesco MSCI China All Shares Connect UCITS ETF AccumUSD, ISIN IE00BK80XL30) closed at £20.45 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its price changed by −19.3%, or −37.0% after UK CPIH inflation.

## Summary

Invesco MSCI China All Shares Connect UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Invesco, launched in 2021. It tracks the MSCI China All Shares Stock Connect Select Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£20.45** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MCHS |
| ISIN | IE00BK80XL30 |
| Also listed as | MCHN (London Stock Exchange, US dollars) |
| Category | Emerging markets |
| Type | ETF |
| Provider | Invesco |
| Tracks | MSCI China All Shares Stock Connect Select Index |
| Income | Accumulating |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £90.9m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/03/2021 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -17.28% | -20.21% | income reinvested |
| 3 years | +18.97% | +7.48% | income reinvested |
| 5 years | -19.27% | -36.98% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −15.0%, 2023 −17.5%, 2024 +16.9%, 2025 +23.5%; 2026 to 13/11/2026 −14.5%. Returns of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −11.5%; to 30/09/2025: +31.1%; to 30/09/2024: +5.0%; to 30/09/2023: −9.6%; to 30/09/2022: −16.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -15.0% | -22.2% | Price |
| 2023 | -17.5% | -20.8% | Price |
| 2024 | +16.9% | +13.0% | Price |
| 2025 | +23.5% | +19.2% | Price |
| 2026 to 13/11/2026 | -14.5% | -17.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.88% | -18.44% |
| 3 years | 22.28% | -19.09% |
| 5 years | 23.42% | -41.13% |

## Largest fall

Volatility of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 14.9% over 1 year, 22.3% over 3 years, 23.4% over 5 years. Largest fall in the price of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD since November 2021, in pounds: −40.0% from 10/12/2021 to 02/02/2024. The lowest 12-month return of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since March 2021 was −32.4% (12 months to 02/02/2024); the highest was +51.5% (12 months to 12/09/2025). On 13/11/2026 the price of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD was 17.7% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 79 of the 151 other emerging-market share funds charge more, 4 the same and 68 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 12/11/2026, MCHS holds 577 positions, according to its published holdings. The largest is Tencent at 8.07% of the fund; the ten largest make up 26.5%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Tencent | [700](https://fundology.uk/stock/700) | 8.07% |
| 2 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 5.19% |
| 3 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 2.89% |
| 4 | Kweichow Moutai | [600519](https://fundology.uk/stock/600519) | 2.05% |
| 5 | Ind & Comm Bk of China-H CNY1 | — | 1.71% |
| 6 | Xiaomi · Class B | [1810](https://fundology.uk/stock/1810) | 1.69% |
| 7 | Bank of China | [601988](https://fundology.uk/stock/601988) | 1.38% |
| 8 | Contemporary Amperex Technology | [300750](https://fundology.uk/stock/300750) | 1.23% |
| 9 | Meituan · Class B | [3690](https://fundology.uk/stock/3690) | 1.20% |
| 10 | NetEase | [NTES](https://fundology.uk/stock/NTES) | 1.13% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 05/11/2026.

| Sector | Weight |
|---|---|
| Financials | 22.4% |
| Consumer Discretionary | 15.7% |
| Information Technology | 15.3% |
| Communication Services | 10.5% |
| Industrials | 9.7% |
| Materials | 7.9% |
| Health Care | 5.6% |
| Consumer Staples | 5.0% |
| Other sectors | 7.9% |

### By country

As published for the fund, as of 05/11/2026.

| Country | Weight |
|---|---|
| China | 98.9% |
| United States | 0.6% |
| Hong Kong | 0.4% |

### By type of asset

Added up from the fund’s published holdings, as of 05/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 577 holdings: https://fundology.uk/fund/mchs/holdings

## Questions people ask

**What is the ongoing charge of MCHS?**

The ongoing charge of MCHS is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 79 of the 151 other emerging-market share funds charge more, 4 the same and 68 less (share classes counted once).

**What does MCHS track?**

MCHS tracks the MSCI China All Shares Stock Connect Select Index.

**Is MCHS accumulating or distributing?**

MCHS is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of MCHS?**

The ISIN of MCHS is IE00BK80XL30. An ISIN identifies one exact share class of a fund; MCHS is its ticker on the London Stock Exchange. The same share class is also listed as MCHN (London Stock Exchange, US dollars).

**What does MCHS hold?**

As of 12/11/2026, MCHS holds 577 positions, according to its published holdings. The largest is Tencent at 8.07% of the fund; the ten largest make up 26.5%. Its ten largest holdings are Tencent (8.07%), Alibaba Group (5.19%), China Construction Bank (2.89%), Kweichow Moutai (2.05%), Ind & Comm Bk of China-H CNY1 (1.71%), Xiaomi · Class B (1.69%), Bank of China (1.38%), Contemporary Amperex Technology (1.23%), Meituan · Class B (1.20%) and NetEase (1.13%).

**What were MCHS’s returns in each of the last five years?**

Calendar-year returns of MCHS in pounds (price, with income reinvested in the fund): 2022 −15.0%, 2023 −17.5%, 2024 +16.9%, 2025 +23.5%; 2026 to 13/11/2026 −14.5%. Past performance is not a guide to future returns.

**How has MCHS done after inflation?**

Over the five years to 13/11/2026 MCHS’s price changed by −19.3%, or −37.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.