# Invesco MSCI USA UCITS ETF USD (MXUD)

**Source:** https://fundology.uk/fund/mxud · ISIN IE00BK5LYT47 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Invesco), ONS CPIH, FCA FIRDS

## 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 01/10/2026, MXUD (Invesco MSCI USA UCITS ETF USD, ISIN IE00BK5LYT47) closed at $102.30 on the London Stock Exchange. Its ongoing charge is 0.05% a year (about £5 on £10,000). Over the five years to 01/10/2026 its total return was +88.0%, or +47.0% after UK CPIH inflation.

## Summary

Invesco MSCI USA UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2019. It tracks the MSCI USA. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.05% a year — about £5 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **$102.30** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MXUD |
| ISIN | IE00BK5LYT47 |
| Category | US shares |
| Type | ETF |
| Provider | Invesco |
| Tracks | MSCI USA |
| Income | Distributing |
| Ongoing charge | 0.05% a year (£5 per £10,000) |
| Fund size | £905m |
| Launched | 2019 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +17.18% | +13.50% | income reinvested |
| 3 years | +71.20% | +54.49% | income reinvested |
| 5 years | +88.03% | +46.99% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco MSCI USA UCITS ETF USD in pounds (price only, income paid out not included): 2022 −11.6%, 2023 +19.0%, 2024 +26.2%, 2025 +7.4%; 2026 to 01/10/2026 +12.6%. Returns of Invesco MSCI USA UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.5%; to 30/09/2025: +16.0%; to 30/09/2024: +21.8%; to 30/09/2023: +6.0%; to 30/09/2022: 0.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.6% | -19.1% | Price |
| 2023 | +19.0% | +14.2% | Price |
| 2024 | +26.2% | +21.9% | Price |
| 2025 | +7.4% | +3.7% | Price |
| 2026 to 01/10/2026 | +12.6% | +9.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.50% | -7.85% |
| 3 years | 12.94% | -19.67% |
| 5 years | 13.79% | -19.67% |

## Largest fall

Volatility of Invesco MSCI USA UCITS ETF USD in pounds, annualised from weekly returns to 01/10/2026: 11.5% over 1 year, 12.9% over 3 years, 13.8% over 5 years. Largest fall in the price of Invesco MSCI USA UCITS ETF USD since October 2021, in pounds: −19.7% from 24/01/2025 to 04/04/2025. The lowest 12-month return of Invesco MSCI USA UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −11.6% (12 months to 30/12/2022); the highest was +31.8% (12 months to 22/11/2024). On 01/10/2026 the price of Invesco MSCI USA UCITS ETF USD was 0.9% below its highest weekly close since October 2021 (25/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco MSCI USA UCITS ETF USD 0.05% a year, as of 02/10/2026: 187 of the 208 other US share funds charge more, 13 the same and 8 less (share classes counted once).

## Funds tracking the same index

18 funds track MSCI USA, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI USA UCITS ETF USD | 0.03% | +16.8% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — |
| BNP PARIBAS EASY I MSCI USA UCITS ETF AccumCAP USD | — | — | — | — |
| Deka MSCI USA UCITS ETF | 0.30% | +16.4% | +65.8% | +81.6% |
| Invesco MSCI USA UCITS ETF Acc | 0.05% | +17.3% | +71.4% | +88.2% |
| Invesco MSCI USA UCITS ETF USD (this fund) | 0.05% | +17.2% | +71.2% | +88.0% |
| iShares MSCI USA Swap UCITS ETF AccumUSD | 0.07% | +16.8% | +24.9% | — |
| iShares MSCI USA Swap UCITS ETF Hedged GBP | 0.05% | +12.0% | — | — |
| iShares MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.4% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +18.0% | +66.2% | +83.0% |
| UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.06% | +17.2% | — | +86.6% |
| UBS Core MSCI USA UCITS ETF Class -A- USD | 0.06% | +17.6% | +70.5% | +87.3% |
| UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +16.9% | +69.4% | +84.4% |
| Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap II UCITS ETF -1D- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap UCITS ETF | 0.07% | +17.6% | +25.5% | — |
| Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C | 0.15% | +16.7% | +68.3% | +85.5% |
| Xtrackers MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.7% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.05%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 17/08/2026, MXUD holds 525 positions, according to the holdings Invesco publishes. The largest is NVIDIA at 7.79% of the fund; the ten largest make up 36.4%.

### Top holdings

Largest positions (as of 17/08/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 7.79% |
| 2 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 6.73% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.08% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.79% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 3.00% |
| 6 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.65% |
| 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.37% |
| 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 1.87% |
| 9 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 1.71% |
| 10 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 1.45% |

Source: Invesco, holdings as published, as of 17/08/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by Invesco, as of 17/08/2026.

| Sector | Weight |
|---|---|
| Information Technology | 38.0% |
| Consumer Discretionary | 18.0% |
| Health Care | 15.3% |
| Consumer Staples | 7.8% |
| Communication Services | 5.0% |
| Industrials | 4.8% |
| Financials | 4.8% |
| Real Estate | 3.0% |
| Other sectors | 3.4% |

### By country

As published by Invesco, as of 17/08/2026.

| Country | Weight |
|---|---|
| United States | 84.8% |
| United Kingdom | 3.7% |
| Netherlands | 3.5% |
| South Korea | 2.4% |
| Ireland | 2.0% |
| Switzerland | 0.9% |
| Brazil | 0.8% |
| Cayman Islands | 0.7% |
| Other countries | 1.0% |

All 525 holdings: https://fundology.uk/fund/mxud/holdings

## Questions people ask

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

The ongoing charge of MXUD is 0.05% a year — about £5 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 USA UCITS ETF USD 0.05% a year, as of 02/10/2026: 187 of the 208 other US share funds charge more, 13 the same and 8 less (share classes counted once).

**What does MXUD track?**

MXUD tracks the MSCI USA.

**Is MXUD accumulating or distributing?**

MXUD is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of MXUD?**

The ISIN of MXUD is IE00BK5LYT47. An ISIN identifies one exact share class of a fund; MXUD is its ticker on the London Stock Exchange.

**What does MXUD hold?**

As of 17/08/2026, MXUD holds 525 positions, according to the holdings Invesco publishes. The largest is NVIDIA at 7.79% of the fund; the ten largest make up 36.4%. Its ten largest holdings are NVIDIA (7.79%), Apple (6.73%), Microsoft (5.08%), Amazon (3.79%), Alphabet · Class A (3.00%), Broadcom (2.65%), Alphabet · Class C (2.37%), Meta Platforms · Class A (1.87%), Micron Technology (1.71%) and JP Morgan Chase (1.45%).

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

Calendar-year returns of MXUD in pounds (price only, income paid out not included): 2022 −11.6%, 2023 +19.0%, 2024 +26.2%, 2025 +7.4%; 2026 to 01/10/2026 +12.6%. Past performance is not a guide to future returns.

**How has MXUD done after inflation?**

Over the five years to 01/10/2026 MXUD’s total return was +88.0%, or +47.0% 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.