Invesco Variable Rate Preferred Shares UCITS ETF Acc

Fund components

Exposition sectorielle

as of 25 janv. 2021 (%)

Country exposure

as of 25 janv. 2021 (%)

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.

Informations sur le prêt de titres

Revenus captés par le fonds 90%
Montant maximum du fonds qui peut être prêté 15%
Montant maximum qui peut être prêté (par titre individuel) 90%
Revenue earned YTD (22 janv. 2021) $6.55

Collatéral par type d’actifs

as of 22 janv. 2021 (%)

Collateral Held by Country

as of 22 janv. 2021 (%)

Collatéral par devise

as of 22 janv. 2021 (%)

Valeur du collateral détenu

as of 21 janv. 2021 (%)

Top 10 Collateral Exposures as of 22 janv. 2021

Nom Cusip ISIN Pondération
UNITED STATES TREASURY NOTE 9128284Z0 US9128284Z04 7,70 %
UNITED STATES TREASURY NOTE 912828G38 US912828G385 4,00 %
US TREASURY INFLATION INDEXED NOTES 912828V49 US912828V491 3,30 %
US TREASURY INFLATION INDEXED NOTES 912828Y38 US912828Y388 2,80 %
UNITED STATES TREASURY BILL 9127964X4 US9127964X47 2,60 %
UNITED STATES TREASURY NOTE 912828XD7 US912828XD79 2,40 %
UNITED STATES TREASURY NOTE 912828RC6 US912828RC60 2,30 %
UNITED STATES TREASURY BOND 912810QW1 US912810QW18 2,30 %
US TREASURY INFLATION INDEXED NOTES 912828UH1 US912828UH11 2,20 %
Other N/A N/A 70,00 %

Informations clés

Code Bloomberg VPAC LN
ISIN IE00BHJYDT11
Code Bloomberg Benchmark PFLOT2
Frais de gestion 0,50 %
NAV (25 janv. 2021) $48.60
AUM $16,076,960
Devise USD
Securities lending Yes
Umbrella AUM (25 janv. 2021) $4,410,030,135

ESG Characteristics

(Index 25 janv. 2021)

ESG Rating (AAA-CCC) AA
Quality Score (0-10) 7.33
Carbon Intensity 181.81

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).

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.

Sector concentration risk: In tracking the Index, the Fund may be concentrated from time to time in a small number of sectors. Investors should be prepared to accept a higher degree of risk than for a fund that is more widely diversified across different sectors.

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 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.

Credit risk: Debt securities are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date.
 

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.