Invesco AT1 Capital Bond UCITS ETF GBP Hdg Dist

Product description

The Invesco AT1 Capital Bond UCITS ETF GBP Hdg Dist aims to provide the performance of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) Index, 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-denominated AT1 capital bond universe, whilst upholding minimum standards of investability and liquidity.

To minimise exposure to fluctuations in the exchange rate between USD and GBP, the Share Class enters into foreign exchange transactions (typically rolling 30-day FX forwards).

Trading information

London Stock Exchange
Trading currency GBP
Settlement period T+2
Exchange ticker AT1S
Bloomberg ticker AT1S LN
Bloomberg iNAV AT1SIN
Reuters ticker AT1S.L
Reuters iNAV 19IEINAV.DE
WKN A2N51J
Valor 43742908
Sedol BDZ4K74
Today (12 Dec 2018)
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Six Swiss Exchange
Trading currency GBP
Settlement period T+2
Exchange ticker AT1S
Bloomberg ticker AT1SIN
Bloomberg iNAV AT1SIN
Reuters ticker AT1S.S
Reuters iNAV 19IEINAV.DE
WKN A2N51J
Valor 43742908
Today (12 Dec 2018)
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Offer price Loading...
iNAV Loading...
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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 AT1S LN
ISIN IE00BYZLWM19
Benchmark BBG ticker IBXXC1D3
Management fee 0.39%
NAV (11 Dec 2018) £38.39
AUM £45,506,064
Base currency GBP

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.