Invesco US Treasury Bond UCITS ETF GBP Hdg Dist

Fund components

Asset type

as of 6 May 2021 (%)

Effective maturity

as of 6 May 2021 (%)

Country exposure

as of 6 May 2021 (%)

Currency

as of 6 May 2021 (%)

Credit rating

as of 6 May 2021 (%)

Top 10 Exposures as of 6 May 2021 (%)

Name ISIN Cusip Coupon rate Weight
US TSY N/B 0.875% 15/11/30 US91282CAV37 91282CAV3 0.875 1.18%
US TSY N/B 1.125% 15/02/31 US91282CBL46 91282CBL4 1.125 1.13%
US TSY N/B 0.625% 15/08/30 US91282CAE12 91282CAE1 0.625 1.08%
US TSY N/B 2.875% 15/08/28 US9128284V99 9128284V9 2.875 0.80%
US TSY N/B 0.625% 15/05/30 US912828ZQ64 912828ZQ6 0.625 0.79%
US TSY N/B 3.125% 15/11/28 US9128285M81 9128285M8 3.125 0.79%
US TSY N/B 2.875% 15/05/28 US9128284N73 9128284N7 2.875 0.74%
US TSY N/B 1.875% 15/02/51 US912810SU34 912810SU3 1.875 0.74%
US TSY N/B 1.875% 15/02/41 US912810SW99 912810SW9 1.875 0.73%
US TSY N/B 1.375% 15/11/40 US912810ST60 912810ST6 1.375 0.71%

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 50%
Maximum amount of any single security that can be loaned 90%
Average amount on loan (31 Mar 2021) 21.18%
Securities lending return (31 Mar 2021) 0.05%

Average amount on loan is the average percentage of the fund’s assets that were on loan over the previous 12 month period.

Securities lending return is the net securities lending revenue earned over the previous 12 month period, expressed as an annualised percentage return over the fund’s average AUM over the same period.

Assets on Loan

as of 31 Mar 2021 (%)

Collateral Held by Asset Type

as of 6 May 2021 (%)

Collateral Held by Country

as of 28 Apr 2021 (%)

Collateral Held by Currency

as of 6 May 2021 (%)

Value of Collateral Held

as of 6 May 2021 (%)

Top 10 Collateral Exposures as of 6 May 2021

Name Cusip ISIN Weight
NVIDIA CORP USD 0.001 67066G104 US67066G1040 5.80%
CITIGROUP INC USD 0.01 172967424 US1729674242 5.50%
BERKSHIRE HATHAWAY INC SH B 0.0033 084670702 US0846707026 4.40%
BLACKROCK INC USD 0.01 09247X101 US09247X1019 3.50%
NESTLE SA CHF 0.1 N/A CH0038863350 1.70%
ABB LTD CHF 0.12 N/A CH0012221716 1.60%
SCHLUMBERG COM USD0.01 806857108 AN8068571086 1.60%
SONY GROUP CORP JPY 1.0 N/A JP3435000009 1.50%
CANADA HOUSING TRUST NO.1 FLOATING 13509PFS7 CA13509PFS70 1.50%
Other N/A N/A 73.00%

Key information

Bloomberg ticker TRGB LN
ISIN IE00BF2GFM70
Benchmark BBG ticker LUATTRUU
Management fee 0.10%
NAV (7 May 2021) £40.70
AUM £71,382,355
Base currency GBP
Securities lending Yes
Umbrella AUM (6 May 2021) £4,688,754,035

ESG Profile

(Fund 6 May 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.10
Carbon Intensity N/A

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

General Investment Risk: 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.

Concentration risk: The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified. 

Credit risk: The creditworthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the redemption date. The risk is higher when the Fund is exposed to high yield debt securities.

Currency hedging: Currency hedging between the base currency of the Fund and the currency of the share class may not completely eliminate the currency risk between those two currencies and may affect the performance of the share class.

Interest Rate Risk: Changes in interest rates will result in fluctuations in the value of the Fund.

Securities lending: The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults.

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