Invesco Materials S&P US Select Sector UCITS ETF
Invesco Materials S&P US Select Sector UCITS ETF (LSE: XLBS) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $611.60 (about ₹58,750 a unit) as of 30 Sep 2026, 10:03 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLBS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$610.10
Today's high
$614.10
52 week low
$516.40
52 week high
$666.20
XLBS opened at $613.90, closed previously at $609.00, and has traded between $516.40 and $666.20 over the past 52 weeks.
About
The Invesco Materials S&P US Select Sector UCITS ETF Acc (XLBS.L) aims to deliver the net total return performance of its benchmark, the S&P Select Sector Capped 20% Materials Index (referred to as the "Reference Index"), after accounting for associated fees. This Reference Index focuses specifically on companies within the materials sector of the broader S&P 500 Index. Individual constituents are weighted based on their float-adjusted market capitalization, with each stock subject to a 19% cap. Any weight exceeding this threshold is redistributed proportionally among the remaining uncapped constituents. To achieve its objective, the fund primarily invests in a portfolio of equities. While these holdings typically generate the majority of the fund's returns, they generally do not precisely mirror the exact constituents of the Reference Index. The fund also utilizes unfunded swaps, which are agreements with approved counterparties. These swaps facilitate the exchange of any difference between the returns of the Reference Index and the fund's equity basket. This strategy is employed to secure a more precise and consistent tracking of the index than would typically be achievable through direct physical replication alone. It's important to note that while the fund's investment goal is to replicate the standard net total return index, its swaps are linked to an enhanced Withholding Tax (WHT) version of the index. Consequently, the ETF's performance before fees is anticipated to exceed the returns of the conventional net return index. This ETF is a passively managed, index-tracking fund. Investors acquire units in the fund itself, rather than gaining direct ownership of the underlying assets held within its portfolio.
Key statistics
Expense ratio
0.14%
Assets (AUM)
$17.6M
Holdings
—
NAV
$612.99
Avg. volume
82.00
1-year price change
+12.02%
5-year price change
+33.33%
Price change excludes dividends.
Top 10 holdings
These 10 are 73.1% of the fund.
Where the money is invested
Sectors
Countries
How to buy XLBS from India
Indian residents can buy XLBS units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search XLBS and buy
Find the fund by its ticker, XLBS, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLBS from India
Trading and taxes when buying XLBS from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the XLBS price today?
Invesco Materials S&P US Select Sector UCITS ETF (XLBS) last traded at $611.60 on the London Stock Exchange ETF segment, as of 30 Sep 2026, 10:03 AM ET. That is ₹58,750 a unit at the 29 Sep 2026 USD/INR rate.
When does XLBS trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is XLBS, and what does it cost to hold?
Invesco Materials S&P US Select Sector UCITS ETF manages about $17.6M. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2009.
Is XLBS a UCITS ETF?
Yes. Invesco Materials S&P US Select Sector UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in US dollars.
What are XLBS's largest holdings?
The top three are LINDE ORD (17.2%), NEWMONT ORD (10.7%) and FREEPORT MCMORAN ORD (8.1%). XLBS's 10 largest positions make up 73.1% of the fund.
Is XLBS subject to US estate tax?
No. Because XLBS is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are US dividends taxed inside XLBS?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on XLBS taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has XLBS performed?
XLBS' price is up 12.0% over the past year and up 33.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLBS different from a US-listed ETF?
XLBS is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.