# Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD (MCTS)

**Page:** https://fundology.uk/fund/mcts · ISIN IE00BM8QS095

## 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, MCTS (Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD, ISIN IE00BM8QS095) closed at £18.73 on the London Stock Exchange. Its ongoing charge is 0.49% a year (about £49 on £10,000). Over the five years to 13/11/2026 its price changed by −40.0%, or −53.2% after UK CPIH inflation.

## Summary

Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Invesco, launched in 2021. It tracks the MSCI China Technology 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 0.49% a year — about £49 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: **£18.73** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MCTS |
| ISIN | IE00BM8QS095 |
| Also listed as | MCHT (London Stock Exchange, US dollars), ICNT (Xetra, euros) |
| Category | Technology |
| Type | ETF |
| Provider | Invesco |
| Tracks | MSCI China Technology All Shares Stock Connect Select Index |
| Income | Accumulating |
| Ongoing charge | 0.49% a year (£49 per £10,000) |
| Fund size | £98.5m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 14/06/2021 |

## 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 | -26.13% | -28.75% | income reinvested |
| 3 years | +11.51% | +0.75% | income reinvested |
| 5 years | -40.04% | -53.20% | 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 Technology All Shares Stock Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −22.7%, 2023 −23.5%, 2024 +21.5%, 2025 +27.4%; 2026 to 13/11/2026 −24.2%. Returns of Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −23.5%; to 30/09/2025: +48.6%; to 30/09/2024: +2.3%; to 30/09/2023: −14.9%; to 30/09/2022: −23.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -22.7% | -29.3% | Price |
| 2023 | -23.5% | -26.6% | Price |
| 2024 | +21.5% | +17.3% | Price |
| 2025 | +27.4% | +23.1% | Price |
| 2026 to 13/11/2026 | -24.2% | -26.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 21.56% | -28.83% |
| 3 years | 27.63% | -33.24% |
| 5 years | 30.87% | -56.53% |

## Largest fall

Volatility of Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 21.6% over 1 year, 27.6% over 3 years, 30.9% over 5 years. Largest fall in the price of Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD since November 2021, in pounds: −54.8% from 19/11/2021 to 02/02/2024. The lowest 12-month return of Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since June 2021 was −43.1% (12 months to 28/10/2022); the highest was +68.5% (12 months to 19/09/2025). On 13/11/2026 the price of Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD was 37.7% below its highest weekly close since November 2021 (19/11/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccumUSD 0.49% a year. Compared on 14/11/2026, 62 of the 119 other technology funds charge more, 6 the same and 51 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.49%** 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, MCTS holds 101 positions, according to its published holdings. The largest is Tencent at 11.41% of the fund; the ten largest make up 54.3%.

### 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) | 11.41% |
| 2 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 9.25% |
| 3 | Xiaomi · Class B | [1810](https://fundology.uk/stock/1810) | 8.66% |
| 4 | Contemporary Amperex Technology | [300750](https://fundology.uk/stock/300750) | 6.08% |
| 5 | JD.com · Class A | [JD](https://fundology.uk/stock/JD) | 4.11% |
| 6 | China Yangtze Power | [600900](https://fundology.uk/stock/600900) | 3.80% |
| 7 | Cambricon Technologies | [688256](https://fundology.uk/stock/688256) | 3.65% |
| 8 | Foxconn Industrial Internet | [601138](https://fundology.uk/stock/601138) | 2.59% |
| 9 | Baidu · Class A | [BIDU](https://fundology.uk/stock/BIDU) | 2.45% |
| 10 | NetEase | [NTES](https://fundology.uk/stock/NTES) | 2.31% |

## 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 |
|---|---|
| Information Technology | 29.3% |
| Consumer Discretionary | 23.3% |
| Communication Services | 18.9% |
| Industrials | 12.9% |
| Materials | 5.3% |
| Utilities | 5.1% |
| Financials | 1.6% |
| Health Care | 1.6% |
| Other sectors | 2.1% |

### By country

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

| Country | Weight |
|---|---|
| China | 51.7% |
| Cayman Islands | 45.6% |
| Hong Kong | 2.0% |
| United States | 0.6% |
| Not classified | 0.1% |

### 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 101 holdings: https://fundology.uk/fund/mcts/holdings

## Questions people ask

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

The ongoing charge of MCTS is 0.49% a year — about £49 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 Technology All Shares Stock Connect UCITS ETF AccumUSD 0.49% a year. Compared on 14/11/2026, 62 of the 119 other technology funds charge more, 6 the same and 51 less (share classes counted once).

**What does MCTS track?**

MCTS tracks the MSCI China Technology All Shares Stock Connect Select Index.

**Is MCTS accumulating or distributing?**

MCTS 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 MCTS?**

The ISIN of MCTS is IE00BM8QS095. An ISIN identifies one exact share class of a fund; MCTS is its ticker on the London Stock Exchange. The same share class is also listed as MCHT (London Stock Exchange, US dollars) and ICNT (Xetra, euros).

**What does MCTS hold?**

As of 12/11/2026, MCTS holds 101 positions, according to its published holdings. The largest is Tencent at 11.41% of the fund; the ten largest make up 54.3%. Its ten largest holdings are Tencent (11.41%), Alibaba Group (9.25%), Xiaomi · Class B (8.66%), Contemporary Amperex Technology (6.08%), JD.com · Class A (4.11%), China Yangtze Power (3.80%), Cambricon Technologies (3.65%), Foxconn Industrial Internet (2.59%), Baidu · Class A (2.45%) and NetEase (2.31%).

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

Calendar-year returns of MCTS in pounds (price, with income reinvested in the fund): 2022 −22.7%, 2023 −23.5%, 2024 +21.5%, 2025 +27.4%; 2026 to 13/11/2026 −24.2%. Past performance is not a guide to future returns.

**How has MCTS done after inflation?**

Over the five years to 13/11/2026 MCTS’s price changed by −40.0%, or −53.2% 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.