Invesco USD Corporate Bond UCITS ETF GBP Hdg Dist

Product description

The Invesco USD Corporate Bond UCITS ETF GBP Hdg Dist aims to provide the total return performance of the Bloomberg Barclays USD IG Corporate Liquidity Screened 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 USD and GBP, the GBP Hedged share class enters into foreign exchange transactions.

The Reference Index measures the performance of the investment grade, USD-denominated, fixed-rate corporate bond market. To be included, securities must be issued by companies in the industrials, financials and utilities sectors. Securities issued by companies in the utilities sector must have at least USD 300 million par amount outstanding, and securities issued by companies in the industrial and financial sector must have at least USD 1 billion minimum par amount outstanding. All securities must have at least one year until final maturity. 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.

Trading information

London Stock Exchange
Trading currency GBX
Settlement period T+2
Exchange ticker PUIP
Bloomberg ticker PUIP LN
Bloomberg iNAV PUIPIN
Reuters ticker PUIP.L
Reuters iNAV 3PWAINAV.DE
WKN A2PURJ
Valor 50890177
Sedol BJJJ572
Today (1 Aug 2021)
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Portfolio information (28 Jul 2021)
Effective maturity 12.48
Effective duration 8.67
Average quality A
Yield information (28 Jul 2021)
Estimated YTM 1.98%
Distribution yield 2.51%

Key information

Bloomberg ticker PUIP LN
ISIN IE00BJ06C481
Benchmark BBG ticker I33431US
Management fee 0.12%
NAV (30 Jul 2021) £41.53
AUM £38,611,091
Base currency GBP
Securities lending Yes
Umbrella AUM (29 Jul 2021) £4,780,092,572

ESG Profile

(Fund 29 Jul 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.57
Carbon Intensity 244.16

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.