Product description

The Invesco AT1 Capital Bond UCITS ETF aims to provide the performance of the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap), after the impact of fees. The index is a customized version of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 index in which the weight of the top 5 issuers is capped at 8% and the remaining issuers are capped at 5%. It is designed to reflect the performance of financial institutions' AT1 contingent convertible debt, it aims to offer a broad coverage of the USD AT1 capital bond universe, whilst upholding minimum standards of investability and liquidity.

Trading information

London Stock Exchange
Trading currency USD
Settlement period T+2
Exchange ticker AT1
Bloomberg ticker AT1 LN
Bloomberg iNAV AT1IN
Reuters ticker INAT1.L
Reuters iNAV 0X3PINAV.DE
WKN A2JK9X
Valor 41644584
Sedol BG0SCP4
Today (12 Dec 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
London Stock Exchange
Trading currency GBP
Settlement period T+2
Exchange ticker AT1P
Bloomberg ticker AT1P LN
Bloomberg iNAV AT1PIN
Reuters ticker AT1P.L
Reuters iNAV 0DJ8INAV.DE
WKN A2JK9X
Valor 41644584
Sedol BD2Z2R4
Today (12 Dec 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
Borsa Italiana
Trading currency EUR
Settlement period T+2
Exchange ticker AT1
Bloomberg ticker AT1 IM
Bloomberg iNAV AT1EIN
Reuters ticker IAT1.MI
Reuters iNAV 0X3NINAV.DE
WKN A2JK9X
Valor 41644584
Today (12 Dec 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
Six Swiss Exchange
Trading currency USD
Settlement period T+2
Exchange ticker IAT1
Bloomberg ticker IAT1 SW
Bloomberg iNAV AT1IN
Reuters ticker IAT1.S
Reuters iNAV 0X3PINAV.DE
WKN A2JK9X
Valor 41644584
Today (12 Dec 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
Portfolio information (30 Nov 2018)
Effective maturity 0.00
Effective duration 3.28
Average quality BB+
Yield information (30 Nov 2018)
YTW 8.04%

Key information

Bloomberg ticker AT1 LN
ISIN IE00BFZPF322
Benchmark BBG ticker IBXXC1D3
Management fee 0.39%
NAV (11 Dec 2018) $19.55
AUM $56,994,069
Base currency USD

Key fund risks

Capital is not guaranteed: The value of investments, and income from them, can go down as well as up and you may not get back the full amount you invested.

Index tracking: The Fund will not replicate the performance of its Reference Index perfectly, this is because the Fund will incur drags on performance such as expenses and transactions costs, which the Reference Index is not subject to. If the Fund is unable to hold the securities in the exact proportion required this will affect its ability to track the Reference Index.

Liquidity on secondary market risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. On-exchange liquidity may be limited due to Reference Index suspension, a decision by one of the relevant stock exchanges, a breach by the market maker or respective stock exchange requirements and guidelines.

High yield securities: The Fund will hold a large amount of debt securities which are of lower credit quality, and may result in large fluctuations in the value of the Fund or which may impact he liquidity of the Fund under certain circumstances.

Contingent convertible bonds: The Fund invests in contingent convertible bonds, a type of corporate debt security that may be converted into equity or could be forced to suffer a write down of principal upon the occurrence of a pre-determined event. If this occurs, the Fund could suffer losses. Other notable risks include liquidity and default risk.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco UK Services Limited accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.