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ILV seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the S&P EPAC Ex. Korea - 12 - Low Volatility Index, or any successor thereto, on an unhedged basis, in the case of any unhedged units, or on a hedged basis, in the case of any hedged units. This Invesco ETF invests, directly or indirectly, primarily in low volatility equity securities of companies located in developed markets within the Europe and Asia Pacific regions, excluding Korea.