SC0Z.DE - Invesco STOXX Europe 600 Optimised Utilities UCITS ETF Stock Price & Dividend Safety Sector: Financial Services | Exchange: Deutsche Borse Current Price & Safety Score Price: 417.10 EUR StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): 0.00 StockBond Score: 2.76 Company Description This Invesco ETF endeavors to replicate the net total return of the STOXX Europe 600 Optimised Utilities Index referred to as the Reference Index after deducting fund expenses The Reference Index itself provides a highly liquid method for investors to gain exposure to or short utility sector companies listed within the broader STOXX Europe 600 Utilities Index Its constituents originate from 17 European nations specifically Austria Belgium Denmark Finland France Germany Ireland Italy Luxembourg the Netherlands Norway Poland Portugal Spain Sweden Switzerland and the United Kingdom To achieve this the fund primarily invests in a diverse collection of stocks While these holdings are the main source of the funds returns they typically do not mirror the exact composition of the Reference Index In addition the fund employs unfunded swaps These financial agreements involve approved counterparties exchanging with the fund any performance differential between the Reference Index and the funds equity basket This dual strategy is designed to deliver a more precise and stable tracking of the Reference Index than solely holding the underlying assets would allow This ETF is passively managed meaning it strictly follows its benchmark Investors acquire units in this indextracking fund not direct ownership of the underlying securities held within it