Fund components

Asset type

as of 23 Feb 2021 (%)

Country exposure

as of 23 Feb 2021 (%)


as of 23 Feb 2021 (%)

Credit rating

as of 23 Feb 2021 (%)

Effective maturity

as of 23 Feb 2021 (%)

Top 10 Exposures as of 23 Feb 2021 (%)

Name ISIN Cusip Coupon rate Weight
Cash and/or Derivatives N/A N/A N/A 1.94%
SHIRE ACQUISITIONS INVESTMENTS 3.2% 23/09/2026 US82481LAD10 82481LAD1 3.2 0.44%
COOPERATIEVE RABOBANK UA 4.38% 04/08/2025 US21684AAC09 21684AAC0 4.375 0.42%
CREDIT SUISSE GROUP AG 3.75% 26/03/2025 US225433AC55 225433AC5 3.75 0.41%
HSBC HOLDINGS PLC VAR 12/09/2026 US404280BX62 404280BX6 4.292 0.34%
GE CAPITAL INTERNATIONAL FUNDI 4.42% 15/11/2035 US36164QNA21 36164QNA2 4.418 0.34%
BARCLAYS PLC 4.84% 09/05/2028 US06738EAW57 06738EAW5 4.836 0.34%
ALIBABA GROUP HOLDING LTD 3.4% 06/12/2027 US01609WAT99 01609WAT9 3.4 0.33%
BARCLAYS PLC 3.65% 16/03/2025 US06738EAE59 06738EAE5 3.65 0.33%
JPMORGAN CHASE & CO 3.88% 10/09/2024 US46625HJY71 46625HJY7 3.875 0.33%

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%
Revenue earned YTD (28 Jan 2021) $15.09

Collateral Held by Asset Type

as of 23 Feb 2021 (%)

Collateral Held by Country

as of 19 Feb 2021 (%)

Collateral Held by Currency

as of 23 Feb 2021 (%)

Value of Collateral Held

as of 23 Feb 2021 (%)

Top 10 Collateral Exposures as of 23 Feb 2021

Name Cusip ISIN Weight
UNITED STATES TREASURY BILL 9127964X4 US9127964X47 18.00%
UNITED STATES TREASURY NOTE 9128284Z0 US9128284Z04 6.40%
GOVERNMENT OF CANADA 1.250% BOND 135087K37 CA135087K379 3.90%
UNITED STATES TREASURY NOTE 912828G38 US912828G385 2.90%
UNITED STATES TREASURY NOTE 912828M56 US912828M565 2.50%
UNITED STATES TREASURY NOTE 912828X88 US912828X885 1.90%
Other N/A N/A 56.00%

Key information

Bloomberg ticker PUIG LN
Benchmark BBG ticker I33431US
Management fee 0.10%
NAV (24 Feb 2021) $21.80
AUM $68,267,942
Base currency USD
Securities lending Yes
Umbrella AUM (24 Feb 2021) $5,284,955,039

ESG Profile

(Index 23 Feb 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.36
Carbon Intensity 253.81

Source: MSCI ESG Research. For more information on ESG characteristics, 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.