Invesco Communications S&P US Select Sector UCITS ETF
Invesco Communications S&P US Select Sector UCITS ETF (LSE: XLCS) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $96.52 (about ₹9,273 a unit) as of 29 Sep 2026, 4:44 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLCS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$95.76
Today's high
$96.73
52 week low
$90.56
52 week high
$108.74
XLCS opened at $95.76, closed previously at $96.64, and has traded between $90.56 and $108.74 over the past 52 weeks.
About
This fund seeks to mirror the net total return performance of its benchmark, the S&P Select Sector Capped 20% Communications Index, after deducting associated fees. This specific index tracks the communication services companies found within the broader S&P 500. Individual components are weighted based on their float-adjusted market capitalization, with a cap of 19% per constituent; any weight exceeding this limit is reallocated among the remaining uncapped holdings. To achieve its investment goal, the fund employs a hybrid strategy. It maintains a portfolio of equities, which typically generates the majority of its returns, though these holdings may not precisely replicate the index's composition. To improve tracking accuracy and ensure greater consistency than what purely physical replication could offer, the fund also utilizes unfunded swaps. These agreements with approved counterparties are designed to exchange the difference in returns between the fund's equity portfolio and the Reference Index. Notably, although the fund's primary objective is to replicate the standard net total return index, the swaps it engages in reference an enhanced Withholding Tax version of the index. As a result, the fund's performance, prior to fees, is generally expected to outperform the standard net return index. This ETF is passively managed; therefore, an investment represents the acquisition of units in an index-tracking fund rather than direct ownership of the underlying assets held by the fund.
Key statistics
Expense ratio
0.14%
Assets (AUM)
$155.4M
Holdings
—
NAV
$96.64
Avg. volume
—
1-year price change
-5.82%
5-year price change
+40.63%
Price change excludes dividends.
Top 10 holdings
These 10 are 88.7% of the fund.
Where the money is invested
Countries
How to buy XLCS from India
Indian residents can buy XLCS 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 XLCS and buy
Find the fund by its ticker, XLCS, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLCS from India
Trading and taxes when buying XLCS 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 XLCS price today?
Invesco Communications S&P US Select Sector UCITS ETF (XLCS) last traded at $96.52 on the London Stock Exchange ETF segment, as of 29 Sep 2026, 4:44 AM ET. That is ₹9,273 a unit at the 28 Sep 2026 USD/INR rate.
When does XLCS 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 XLCS, and what does it cost to hold?
Invesco Communications S&P US Select Sector UCITS ETF manages about $155.4M. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2018.
Is XLCS a UCITS ETF?
Yes. Invesco Communications 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 XLCS's largest holdings?
The top three are META PLATFORMS CL A ORD (18.9%), NETFLIX ORD (14.8%) and ALPHABET CL A ORD (9.9%). XLCS's 10 largest positions make up 88.7% of the fund.
Is XLCS subject to US estate tax?
No. Because XLCS 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 XLCS?
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 XLCS 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 XLCS performed?
XLCS' price is down 5.8% over the past year and up 40.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLCS different from a US-listed ETF?
XLCS 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.