Invesco USD IG Corporate Bond ESG UCITS ETF GBP Hdg Dist
Product description
The Invesco USD IG Corporate Bond ESG UCITS ETF GBP Hdg Dist aims to provide the total return performance of the Bloomberg MSCI USD Liquid Corporate ESG Weighted Bond 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 designed to reflect the performance of USD-denominated investment grade, fixed-rate, taxable debt securities issued by US and non-US corporate issuers adjusted based upon certain environmental, social and governance (“ESG”) metrics, which seek to increase overall exposure to those issuers demonstrating a robust ESG profile. Bonds must have USD 1 billion minimum par amount outstanding, or USD 500 million in the case of securities issued by utilities.
Securities are excluded that according to the Index Provider’s exclusionary criteria: 1) have faced very severe controversies pertaining to ESG issues (including UN Global Compact violations) over the last three years; or 2) are involved, as per the Bloomberg MSCI screens, in any of the following business activities: controversial weapons, conventional weapons, nuclear weapons, oil sands, thermal coal, tobacco and firearms; or 3) are issued by emerging market issuers. Securities are assigned an ESG score using MSCI ESG metrics. This ESG Score is applied to re-weight the eligible securities to construct the Reference Index, which is rebalanced monthly.
The portfolio managers aim to achieve the fund’s objective by using portfolio modelling tools and techniques to buy and hold a proportion of the index securities that represents the characteristics of the entire index. The objective of this sampling method is to replicate the index performance as closely as possible while reducing the costs that would normally be incurred with full replication.
This ETF is passively managed.
Trading information
| London Stock Exchange | |
|---|---|
| Trading currency | GBX |
| Settlement period | T+2 |
| Exchange ticker | PUIP |
| Bloomberg ticker | PUIP LN |
| Bloomberg iNAV | PUIPIN |
| Reuters ticker | PUIP.L |
| Reuters iNAV | 3PWAINAV.DE |
| WKN | A2PURJ |
| Valor | 50890177 |
| Sedol | BJJJ572 |
Data source: London Stock Exchange Group
| Portfolio information (17 Apr 2024) | |
|---|---|
| Effective maturity | 10.19 |
| Effective duration | 6.43 |
| Average quality | A |
| Yield information (17 Apr 2024) | |
|---|---|
| Estimate | 5.72% |
| Distribution yield | 4.36% |
Key information
| Bloomberg ticker | PUIP LN |
| ISIN | IE00BJ06C481 |
| Benchmark BBG ticker | I35551US |
| Management fee | 0.12% |
| NAV (18 Apr 2024) | £32.35 |
| AUM | £20,034,462 |
| Base currency | GBP |
| Replication method | Physical |
| Securities lending | Yes |
| Summary Risk Indicator (SRI) | 3 |
| Umbrella AUM (18 Apr 2024) | £11,379,127,088 |
| SFDR Classification | Article 8 |
ESG Profile
(Fund 18 Apr 2024)
| ESG Rating (AAA-CCC) | A |
| Quality Score (0-10) | 7.02 |
| Carbon Intensity | 48.59 |
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 documents
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. 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.
“Bloomberg®” and the Bloomberg MSCI USD Liquid Corporate ESG Weighted Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Invesco. Bloomberg is not affiliated with Invesco, and Bloomberg does not approve, endorse, review, or recommend the Invesco USD IG Corporate Bond ESG UCITS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Invesco USD IG Corporate Bond ESG UCITS ETF.
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.
London Stock Exchange®, London Stock Exchange Group®, any short-form names, logos and titles (such as LSEG), are trade marks of London Stock Exchange plc and its affiliates. Where data on this website is attributed to the London Stock Exchange Group, that data is made available pursuant to a delayed redistribution data licence agreement, whereby the original source of such data is the London Stock Exchange Group.
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