Invesco AT1 Capital Bond UCITS ETF GBP Hdg Dist
Product description
The Invesco AT1 Capital Bond UCITS ETF GBP Hdg Dist aims to provide the total return performance of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) 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 is a customized version of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 Index in which the weight of the top 5 issuers is capped at 8% and the remaining issuers are capped at 5%. It measures the performance of financial institutions' AT1 contingent convertible debt, and aims to offer a broad coverage of the USD AT1 capital bond universe whilst upholding minimum standards of investability and liquidity.
The Reference Index is constructed by using the index provider's criteria to exclude securities that: 1) are involved (as defined by the Index Provider using data from Sustainalytics, an independent ESG and corporate governance research, ratings and analytics firm) in any of the following business activities: controversial weapons, small arms, military contracting, oil sands, thermal coal, tobacco, cannabis and predatory lending; and 2) are deemed not to comply with the principles of the United Nations Global Compact.
The fund aims to achieve its objective by buying and holding, as far as possible and practical, all the securities in the index in their respective weightings. The fund will aim to rebalance its holdings whenever the index is rebalanced. This method is referred to as full physical replication.
This ETF is passively managed.
Security Information
General information | |
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Base currency | GBP |
Dividend treatment | Quarterly |
Minimum investment | 1 share |
Launch date | 24 Sep 2018 |
Shares outstanding | 6,964,337 |
Exchanges |
London Stock Exchange SIX Swiss Exchange |
Further information | |
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SIPP | No |
UCITS | Compliant |
UK reporting status | Yes |
Countries of distribution | Austria, Denmark, Finland, France, Germany, Ireland, Israel (Institutional), Italy (Institutional), Luxembourg, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom |
Structure | |
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Legal form | UCITS Open ended fund |
Replication method | Physical |
Domicile | Ireland |
Financial year end | 31 December |
Key service providers | |
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Issuer | Invesco Markets II plc |
Manager | Invesco Investment Management Limited |
Investment manager | Invesco Capital Management LLC |
Fund administrator | BNY Mellon Fund Services (Ireland) DAC |
Depositary | The Bank of New York Mellon SA/NV |
Auditor | PricewaterhouseCoopers |
Promoter | Invesco Investment Management Limited |
Yield information | |
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Dividend frequency | Quarterly |
Use of income | Distributed |
Fiscal year end | 31 December |
Currency | GBP |
Fund statistics NAV ( 17 Apr 2024 ) | |
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Number of holdings | 88 |
Recent distributions | |
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Announcement date | 7 Mar 2024 |
Ex-date | 14 Mar 2024 |
Record date | 15 Mar 2024 |
Payment date | 21 Mar 2024 |
Distribution per shares | 0.5331 |
Currency | GBP |
Download all distributions |
Key information
Bloomberg ticker | AT1S LN |
ISIN | IE00BYZLWM19 |
Benchmark BBG ticker | IBXXC1D3 |
Management fee | 0.39% |
NAV (18 Apr 2024) | £32.87 |
AUM | £871,629,999 |
Base currency | GBP |
Replication method | Physical |
Securities lending | Yes |
Summary Risk Indicator (SRI) | 3 |
Umbrella AUM (18 Apr 2024) | £11,378,602,699 |
SFDR Classification | Article 8 |
ESG Profile
(Fund 17 Apr 2024)
ESG Rating (AAA-CCC) | AA |
Quality Score (0-10) | 7.78 |
Carbon Intensity | 3.08 |
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 iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) referenced herein is the property of Markit Indices Limited and is used under license. The funds or securities referred to herein are not sponsored, endorsed, or promoted by Markit Indices Limited.
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.
The risk / reward profile classifies the fund by an indicator representing the levels from the lowest (1) to the highest (7). For more information see the KID/KIID.