Invesco Global Corporate Bond ESG UCITS ETF GBP PfHdg Dist
Product description
The Invesco Global Corporate Bond ESG UCITS ETF GBP PfHdg Dist aims to provide the total return performance of the Bloomberg MSCI Global Liquid Corporate ESG Weighted SRI Sustainable Bond Index (the "Reference Index"), less the impact of fees. The fund distributes income on a quarterly basis.
To minimise exposure to fluctuations in the exchange rate between the GBP and the base currencies of the fund’s underlying holdings, the GBP portfolio-hedged share class enters into foreign exchange transactions.
The Reference Index is designed to reflect the performance of multi-currency, investment grade, fixed-rate, taxable debt securities issued by corporate issuers adjusted based upon certain environmental, social and governance (“ESG”) metrics, which seek to increase overall exposure to those issuers demonstrating a robust ESG profile.
Securities are excluded that according to the index provider’s exclusionary criteria: 1) have an MSCI ESG rating below BBB; 2) are issued by an issuer that does not have an MSCI ESG rating; 3) have faced very severe controversies pertaining to ESG issues (including UN Global Compact violations) over the last three years; 4) are issued by an issuer that does not have an MSCI ESG Controversy Score; 5) are involved in alcohol, adult entertainment, biochemical weapons, controversial weapons, conventional weapons, fossil fuels, gambling, genetically modified organisms, firearms, nuclear weapons, nuclear power, oil sands, thermal coal, tobacco, unconventional oil and gas; or 6) are issued by emerging market issuers.
Each of the eligible component securities is then assigned an ESG score using MSCI ESG metrics. This ESG Score is then applied to tilt allocations compared to their market values in the Global Aggregate Corporate Index, along with limiting the market value weight of issuers to a cap of 5%. The Reference Index rebalances monthly.
The portfolio managers aim to achieve the fund’s objective by using portfolio modelling tools and techniques to buy and hold a proportion of the index securities that represents the characteristics of the entire index. The objective of this sampling method is to replicate the index performance as closely as possible while reducing the costs that would normally be incurred with full replication.
This ETF is passively managed.
An investment in this fund is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund.
Trading information
| London Stock Exchange | |
|---|---|
| Trading currency | GBX |
| Settlement period | T+2 |
| Exchange ticker | GBEG |
| Bloomberg ticker | GBEG LN |
| Bloomberg iNAV | GBEGINS |
| Reuters ticker | GBEG.L |
| Reuters iNAV | I8N9INAV.DE |
| WKN | A406FY |
| Valor | 133703860 |
| Sedol | BQC5QR3 |
Data source: London Stock Exchange Group
| Portfolio information (26 Apr 2024) | |
|---|---|
| Effective maturity | 8.76 |
| Effective duration | 5.57 |
| Average quality | A |
| Yield information (26 Apr 2024) | |
|---|---|
| Estimated Yield -YTM | 5.24% |
Key information
| Bloomberg ticker | GBEG LN |
| ISIN | IE000P2WSBY0 |
| Benchmark BBG ticker | I38470US |
| Management fee | 0.20% |
| NAV (29 Apr 2024) | £5.00 |
| AUM | £53,223,047 |
| Base currency | GBP |
| Replication method | Physical |
| Securities lending | Yes |
| Summary Risk Indicator (SRI) | 3 |
| Umbrella AUM (29 Apr 2024) | £11,553,745,966 |
| SFDR Classification | Article 8 |
ESG Profile
(Fund 29 Apr 2024)
| ESG Rating (AAA-CCC) | AA |
| Quality Score (0-10) | 7.44 |
| Carbon Intensity | 55.54 |
Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).
Key documents
Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs.
An investment in this fund is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund.
“Bloomberg®” and the Bloomberg MSCI Global Liquid Corporate ESG Weighted SRI Sustainable Bond Index (the “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the Invesco Global Corporate Bond ESG UCITS ETF (the “Financial Product”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Product.
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 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.
The risk / reward profile classifies the fund by an indicator representing the levels from the lowest (1) to the highest (7). For more information see the KID/KIID.
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