Invesco US High Yield Fallen Angels UCITS ETF GBP Hdg Acc

Consideraciones de riesgo

For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. 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. Changes in interest rates will result in fluctuations in the value of the fund. This fund may hold a significant amount of debt instruments which are of lower credit quality. This may result in large fluctuations of the value of the ETF as well as impacting its liquidity under certain circumstances. 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 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. 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.

Descripción de producto

Invesco US High Yield Fallen Angels UCITS ETF GBP Hdg Acc tiene como objetivo proporcionar la rentabilidad total neta del índice FTSE Time-Weighted US Fallen Angel Bond Select (el «índice de referencia»), una vez descontadas las comisiones.

Para minimizar la exposición a las fluctuaciones del tipo de cambio entre el USD y la GBP, la clase cubierta en GBP realiza operaciones de cambio de divisas.

El índice de referencia representa la rentabilidad de «ángeles caídos»: bonos que anteriormente tenían una calificación de grado de inversión, pero que más tarde se rebajaron a high yield. Únicamente se incluyen títulos que son bonos denominados en USD emitidos por empresas domiciliadas en EEUU o Canadá. Se podrá incluir cualquiera de estos bonos cuya calificación haya caído de grado de inversión a high yield en el mes anterior y se mantendrá durante un periodo de 60 meses, siempre que continúe cumpliendo los criterios de inclusión. Si un bono sale del índice y luego vuelve a entrar, el periodo de inclusión se reinicia. A diferencia de los índices en los que las ponderaciones de sus componentes se basan en el valor de mercado, las ponderaciones del índice de referencia se basan en el plazo transcurrido desde la inclusión, y las ponderaciones más elevadas se asignan a los bonos que se han convertido más recientemente en «ángeles caídos» (con el objetivo de aprovechar el potencial efecto rebote de los precios que los ángeles caídos pueden experimentar poco después de su rebaja inicial a high yield). Ningún emisor puede representar más del 5% del índice. A efectos de liquidez, las ponderaciones de los componentes basadas en el plazo están sujetas a un límite máximo de 5 veces sus respectivas ponderaciones basadas en el valor de mercado. El índice de referencia se reajusta con frecuencia mensual.

Los gestores de carteras tratan de alcanzar el objetivo del fondo utilizando técnicas y herramientas de modelización de carteras para comprar y mantener una proporción de los valores del índice que represente todas sus características. El objetivo de este método de muestreo es replicar lo mejor posible la rentabilidad del índice, a la vez que se reducen los costes en los que se incurriría normalmente si se replicara por completo.

Información importante

Ticker de Bloomberg FAGB LN
ISIN IE00BYVTN047
Ticker Bloomberg del índice de referencia CFIIHYFA
Comisión de gestión 0,50%
NAV (28/3/2024) £26.85
AUM £191,035,309
Divisa base GBP
Método de réplica Physical
Securities lending Si
Summary Risk Indicator (SRI) 3
Umbrella AUM (28/3/2024) £8,915,348,496

Perfil ESG

(Fund 28/3/2024)

ESG Rating (AAA-CCC) A
Quality Scoree (0-10) 5.77
Carbon Intensity 220.58

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).

Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs. Returns may increase or decrease as a result of currency fluctuations.

The investment concerns the acquisition of units in a fund and not in a given underlying asset.

The Invesco US High Yield Fallen Angels UCITS ETF (the “Fund”) has been developed solely by Invesco. The “Fund” is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the FTSE Time-Weighted US Fallen Angel Bond Select Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “FTSE®” is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Invesco.

The performance information on this web page refers to past performance. Past performance does not predict 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.

 

El perfil rentabilidad-riesgo clasifica el fondo mediante un indicador que representa los niveles desde el más bajo (1) hasta el más alto (7). Para más información, consulte el KID.