Fund components

Asset type

as of 13 Apr 2021 (%)

Country exposure

as of 13 Apr 2021 (%)


as of 13 Apr 2021 (%)

Credit rating

as of 13 Apr 2021 (%)

Top 10 Exposures as of 13 Apr 2021 (%)

Name ISIN Cusip Coupon rate Weight
UniCredit SpA VAR 20/01/26 XS2104967695 N/A 1.2 0.56%
ING Groep NV 2% 20/09/28 XS1882544973 N/A 2 0.50%
BNP Paribas SA 2.875% 26/09/23 XS0895249620 F1058UQ58 2.875 0.48%
Shell International Finance BV 1.625% 20/01/27 XS1135277140 N7937QAE0 1.625 0.48%
JPMorgan Chase & Co 1.5% 27/01/25 XS1174469137 U4S339DP2 1.5 0.47%
TOTAL SE VAR 18/05/69 XS1413581205 F92124BG4 3.875 0.47%
CaixaBank SA VAR 14/07/28 XS1645495349 E2R193SK1 2.75 0.47%
UBS Group AG 1.75% 16/11/22 CH0302790123 N/A 1.75 0.46%
Goldman Sachs Group Inc/The 1.375% 15/05/24 XS1614198262 U3823BL25 1.375 0.46%
RCI Banque SA 1.625% 11/04/25 FR0013250693 F77341SQ3 1.625 0.46%

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

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%

Collateral Held by Asset Type

as of 13 Apr 2021 (%)

Collateral Held by Country

as of 13 Apr 2021 (%)

Collateral Held by Currency

as of 13 Apr 2021 (%)

Value of Collateral Held

as of 13 Apr 2021 (%)

Top 10 Collateral Exposures as of 13 Apr 2021

Name Cusip ISIN Weight
FRANCE, OAT EC3954004 FR0000187635 10.00%
FRENCH REPUBLIC EJ3468919 FR0011317783 10.00%
FRANCE,OAT EG3953361 FR0010466938 10.00%
FRENCH REPUBLIC JK7596303 FR0013154044 10.00%
FRENCH REPUBLIC OAT EJ0036891 FR0011196856 9.90%
FRENCH REPUBLIC 25/04/41 EH8786723 FR0010773192 9.70%
FRENCH REPUBLIC EK7289029 FR0012517027 7.20%
FRENCH REPUBLIC JK2706329 FR0013131877 7.00%
FRENCH REPUBLIC EK3074136 FR0011962398 6.50%
Other N/A N/A 20.00%

Key information

Bloomberg ticker PSFE GY
Benchmark BBG ticker LECPTREU
Management fee 0.10%
NAV (14 Apr 2021) €20.76
AUM €45,431,059
Base currency EUR
Securities lending Yes
Umbrella AUM (14 Apr 2021) €5,176,155,052

ESG Profile

(Fund 13 Apr 2021)

Quality Score (0-10) 7.20
Carbon Intensity 125.38

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. 

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, "Barclays"), used under license. Bloomberg or Bloomberg's licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays guarantees the timeliness, accurateness or completeness of any data or information relating to “Index Name”. Neither shall be liable in any way to Invesco or its affiliates, investors in the funds or other third parties in respect of the use or accuracy of the index or any data included therein.

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.