Invesco USD Corporate Bond UCITS ETF GBP Hdg Dist

Fund components

Asset type

as of 3 Aug 2021 (%)

Country exposure

as of 3 Aug 2021 (%)

Currency

as of 3 Aug 2021 (%)

Credit rating

as of 3 Aug 2021 (%)

Effective maturity

as of 3 Aug 2021 (%)

Top 10 Exposures as of 3 Aug 2021 (%)

Name ISIN Cusip Coupon rate Weight
Credit Suisse Group AG 3.75% 26/03/25 US225433AC55 225433AC5 3.75 0.51%
Barclays PLC 4.836% 09/05/28 US06738EAW57 06738EAW5 4.836 0.43%
HSBC Holdings PLC 4.25% 14/03/24 US404280AP48 404280AP4 4.25 0.41%
HSBC Holdings PLC VAR 11/03/25 US404280BZ11 404280BZ1 3.803 0.41%
Alibaba Group Holding Ltd 3.4% 06/12/27 US01609WAT99 01609WAT9 3.4 0.41%
Natwest Group PLC 3.875% 12/09/23 US780097BD21 780097BD2 3.875 0.40%
Mitsubishi UFJ Financial Group Inc 2.193% 25/02/25 US606822BN36 606822BN3 2.193 0.39%
Lloyds Banking Group PLC VAR 05/02/26 US539439AV19 539439AV1 2.438 0.39%
Sumitomo Mitsui Financial Group In 2.696% 16/07/24 US86562MBM10 86562MBM1 2.696 0.39%
Mizuho Financial Group Inc VAR 22/05/27 US60687YBP34 60687YBP3 1.234 0.37%

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 3 Aug 2021 (%)

Collateral Held by Asset Type

as of 3 Aug 2021 (%)

Collateral Held by Country

as of 3 Aug 2021 (%)

Collateral Held by Currency

as of 3 Aug 2021 (%)

Value of Collateral Held

as of 3 Aug 2021 (%)

Top 10 Collateral Exposures as of 3 Aug 2021

Name Cusip ISIN Weight
UNITED STATES TREASURY BOND 912810QK7 US912810QK79 7.00%
UNITED STATES TREASURY NOTE 9128284Z0 US9128284Z04 5.50%
UNITED STATES TREASURY NOTE 912828N30 US912828N308 3.80%
UNITED STATES TREASURY NOTE 9128282D1 US9128282D10 3.60%
UNITED STATES TREASURY NOTE 912828X88 US912828X885 3.00%
US TREASURY INFLATION INDEXED NOTES 912828V49 US912828V491 2.80%
UNITED STATES TREASURY NOTE 912828RC6 US912828RC60 2.80%
US TREASURY INFLATION INDEXED BONDS 912810RR1 US912810RR14 2.70%
US TREASURY INFLATION INDEXED NOTES 912828X39 US912828X398 2.60%
Other N/A N/A 66.00%

Key information

Bloomberg ticker PUIP LN
ISIN IE00BJ06C481
Benchmark BBG ticker I33431US
Management fee 0.12%
NAV (4 Aug 2021) £41.63
AUM £38,701,280
Base currency GBP
Securities lending Yes
Umbrella AUM (3 Aug 2021) £4,809,711,453

ESG Profile

(Fund 3 Aug 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.63
Carbon Intensity 252.47

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

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.

Value of securities:  The value of securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. 

 

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.