Invesco JPX-Nikkei 400 UCITS ETF Acc

Invesco JPX-Nikkei 400 UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker S400 (ISIN IE00BPRCH686). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. Rather than a manager picking stocks, it simply replicates the JPX-Nikkei 400 Net Total Return Index index — the passive, low-cost approach, and its largest holdings include ROCHE HOLDING AG, CIE FINANCIERE RICHEMO-A REG and APPLE INC. Spread across roughly 113 holdings (the ten largest ≈ 38%), no one position makes or breaks the fund. By geography it is weighted towards ~26.9% Switzerland, ~25.1% United States and ~9.4% Germany. Its heaviest sectors are ~18.2% Health Care and ~16.5% Consumer Discretionary. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.19% a year — about €19 a year on a €10,000 holding, taken automatically from the fund; counting the trading costs inside the fund, the all-in figure is around 0.24%. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in JPY. On the standard KID risk scale it is rated 4 out of 7 and its price has swung about 18.8% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2014, and its KID suggests a holding period of 5 years. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Invesco.)