Invesco US High Yield Fallen Angels UCITS ETF GBP Hdg Acc

Fund components

Asset type

as of 30 Jul 2021 (%)

Country exposure

as of 30 Jul 2021 (%)

Currency

as of 30 Jul 2021 (%)

Credit rating

as of 30 Jul 2021 (%)

Top 10 Exposures as of 30 Jul 2021 (%)

Name ISIN Cusip Coupon rate Weight
Royal Caribbean Cruises Ltd 11.5% 01/06/25 US780153AZ50 780153AZ5 11.5 1.65%
Newell Brands Inc 4.7% 01/04/26 US651229AW64 651229AW6 4.7 1.30%
FirstEnergy Corp 7.375% 15/11/31 US337932AC13 337932AC1 7.375 1.15%
American Airlines 2015-1 Class A P 3.375% 01/05/27 US023770AA81 023770AA8 3.375 1.12%
IHS Markit Ltd 4.25% 01/05/29 US44962LAJ61 44962LAJ6 4.25 1.11%
Howmet Aerospace Inc 5.125% 01/10/24 US013817AW16 013817AW1 5.125 1.10%
Spirit AeroSystems Inc 4.6% 15/06/28 US85205TAK60 85205TAK6 4.6 1.04%
Methanex Corp 5.25% 15/12/29 US59151KAL26 59151KAL2 5.25 1.04%
Apache Corp 5.1% 01/09/40 US037411AW56 037411AW5 5.1 1.04%
Howmet Aerospace Inc 6.875% 01/05/25 US443201AA64 443201AA6 6.875 1.01%

Securities lending

 

What is Securities Lending?

Securities Lending is a well-established and tightly regulated practice involving the short-term transfer (loan) of securities. The objective is to enhance the ETF’s overall performance.

When a security is loaned, the borrower (who has been approved by Invesco and the Lending Agent) provides collateral and pays an agreed fee for the duration of the loan. Collateral is an asset that a lender accepts as security for a loan. If the borrower defaults on the loan payments, the lender can seize the collateral and resell it to recoup its losses.

 

How much revenue goes to the ETF?

The ETF will receive 90% of the revenue arising from securities lending, with the remaining 10% deducted by the Lending Agent, Bank of New York Mellon (BNY Mellon), for its fees and to cover direct and indirect operational costs. Invesco will not receive any revenue from the programme.

Risks to consider
Securities lending involves certain risks that an investor should consider, including:

  • The risk of the borrower defaulting on its obligation to return the securities at the end of the loan period, and
  • The risk of the ETF being unable to sell the collateral provided to it if the borrower defaults.

To mitigate these risks, the ETF benefits from a “borrower default indemnity” provided by the Lending Agent, BNY Mellon. The indemnity allows for full replacement of the securities loaned if the collateral does not cover the value of the securities in the event of a borrower default.

To find out more view the Invesco ETFs Securities Lending document in our Documents section.

Securities lending information

Percentage revenue retained by the fund 90%
Maximum amount of fund assets that can be loaned 30%
Maximum amount of any single security that can be loaned 90%

Assets on Loan

as of 31 Jul 2021 (%)

Collateral Held by Asset Type

as of 29 Jul 2021 (%)

Collateral Held by Country

as of 29 Jul 2021 (%)

Collateral Held by Currency

as of 29 Jul 2021 (%)

Value of Collateral Held

as of 29 Jul 2021 (%)

Top 10 Collateral Exposures as of 30 Jul 2021

Name Cusip ISIN Weight
UNITED STATES TREASURY BOND 912810QK7 US912810QK79 6.60%
UNITED STATES TREASURY NOTE 9128284Z0 US9128284Z04 5.30%
UNITED STATES TREASURY NOTE 912828ZB9 US912828ZB95 4.10%
UNITED STATES TREASURY NOTE 9128282D1 US9128282D10 3.50%
UNITED STATES TREASURY NOTE 912828X88 US912828X885 2.80%
US TREASURY INFLATION INDEXED NOTES 912828V49 US912828V491 2.70%
UNITED STATES TREASURY NOTE 912828RC6 US912828RC60 2.70%
US TREASURY INFLATION INDEXED BONDS 912810RR1 US912810RR14 2.60%
US TREASURY INFLATION INDEXED NOTES 912828X39 US912828X398 2.50%
Other N/A N/A 67.00%

Key information

Bloomberg ticker FAGB LN
ISIN IE00BYVTN047
Benchmark BBG ticker CFIIHYFA
Management fee 0.50%
NAV (30 Jul 2021) £28.46
AUM £198,824,563
Base currency GBP
Securities lending Yes
Umbrella AUM (30 Jul 2021) £5,095,135,097

ESG Profile

(Fund 30 Jul 2021)

ESG Rating (AAA-CCC) BB
Quality Score (0-10) 3.07
Carbon Intensity 593.36

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 risks

Although the Investment Manager will continually monitor the return of the Fund in comparison to the performance of the relevant Index, there can be no guarantee that the Fund will match the performance of the Index.

The Fund’s use of a sampling approach may result in it holding a smaller number of securities than are in the Index. This may affect its ability to track the Index and may result in larger fluctuations in its value than if it held all of the securities in the Index.

In tracking the Index, the Fund will be concentrated in a single country or a small number of countries. Investors should be prepared to accept a higher degree of risk than for a fund that is geographically diversified.

Changes in interest rates will result in fluctuations in the value of the Fund.

Debt securities are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date.

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.

The Fund will hold a large amount of lower quality debt securities which may impact the liquidity of the Fund under certain circumstances.

As the shares of the Fund are listed on one or more stock exchange(s) there may be insufficient demand to buy or sell the shares which may cause the price to be different than the actual value of the net asset value of the Fund.

Return on your investment may be adversely affected by variations in exchange rates.

 

The performance information on this web page refers to past performance and simulated performance. Performance of the Index prior to 18 July 2016 has been simulated by its index provider. Simulated performance is calculated using the index rules. Past performance (actual or simulated) is not a reliable indicator of future performance. 
 
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.