Invesco Energy S&P US Select Sector UCITS ETF
Invesco Energy S&P US Select Sector UCITS ETF (LSE: XLES) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $882.60 (about ₹84,659 a unit) as of 25 Sep 2026, 11:35 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLES through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$877.00
Today's high
$883.10
52 week low
$583.10
52 week high
$937.50
XLES opened at $879.50, closed previously at $897.80, and has traded between $583.10 and $937.50 over the past 52 weeks.
About
This Invesco Exchange Traded Fund (ETF) aims to mirror the net total return of the S&P Select Sector Capped 20% Energy Index (referred to as the “Reference Index”), after accounting for charges. This benchmark is composed of companies within the energy segment of the S&P 500 Index. Each constituent's weighting is determined by its float-adjusted market capitalization, with a 19% ceiling on individual holdings; any weight exceeding this cap is subsequently distributed proportionally among the remaining uncapped components. To achieve its investment objective, the fund primarily holds a diversified portfolio of equities. While these holdings are generally the main source of the fund's returns, they are typically distinct from the actual securities comprising the Reference Index. Furthermore, the fund utilizes unfunded swap agreements with approved counterparties. These contracts involve an exchange where the counterparty pays or receives the difference in returns between the Reference Index and the fund's underlying equity basket. This hybrid approach is designed to ensure a more precise and consistent alignment with the Reference Index's performance than would typically be possible through solely holding the index's physical assets. Although the fund's core objective is to track the net total return index, the derivative agreements it enters into are linked to an optimized version of the index that incorporates withholding tax advantages. Consequently, the ETF's performance, prior to the deduction of fees, is expected to surpass that of the conventional net return index. Operating under a passive management strategy, this ETF means that an investment represents the acquisition of shares in an index-following vehicle, rather than direct ownership of the specific assets held by the fund.
Key statistics
Expense ratio
0.14%
Assets (AUM)
$146.8M
Holdings
—
NAV
$882.99
Avg. volume
—
1-year price change
+40.32%
5-year price change
+172.87%
Price change excludes dividends.
Top 10 holdings
These 10 are 77.1% of the fund.
Where the money is invested
Countries
How to buy XLES from India
Indian residents can buy XLES 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 XLES and buy
Find the fund by its ticker, XLES, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLES from India
Trading and taxes when buying XLES 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 XLES price today?
Invesco Energy S&P US Select Sector UCITS ETF (XLES) last traded at $882.60 on the London Stock Exchange ETF segment, as of 25 Sep 2026, 11:35 AM ET. That is ₹84,659 a unit at the 25 Sep 2026 USD/INR rate.
When does XLES 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 XLES, and what does it cost to hold?
Invesco Energy S&P US Select Sector UCITS ETF manages about $146.8M. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2009.
Is XLES a UCITS ETF?
Yes. Invesco Energy 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 XLES's largest holdings?
The top three are EXXONMOBIL HOLDINGS ORD (19.1%), CHEVRON ORD (18.7%) and CONOCOPHILLIPS ORD (8.1%). XLES's 10 largest positions make up 77.1% of the fund.
Is XLES subject to US estate tax?
No. Because XLES 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 XLES?
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 XLES 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 XLES performed?
XLES' price is up 40.3% over the past year and up 172.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLES different from a US-listed ETF?
XLES 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.