The Invesco Bloomberg Cmd Carb Tltd UCITSETF invests primarily in a diversified selection of US Treasury Bills, which serve as the foundation for its portfolio. To mirror the performance of the Bloomberg Commodity Carbon Tilted Index®, the fund enters into swap agreements with approved counterparties. These swaps allow the fund to exchange the returns from the index for returns based on US Treasury Bill rates. By holding these Treasury Bills and managing the swap arrangements, the fund effectively tracks the total return of the carbon-tilted commodity index.