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 (8/5% 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 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.

Security Information

General information
Base currency GBP
Dividend treatment Quarterly
Minimum investment 1 share
Launch date 24 Sep 2018
Shares outstanding 8,213,872
Exchanges London Stock Exchange
SIX Swiss Exchange
Further information
ISA Eligible
SIPP Eligible
UCITS Compliant
UK reporting status Yes
Passported to Austria, Finland, France, Germany, Ireland, Israel (Institutional), Italy (Institutional), Luxembourg, Netherlands, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom
Structure
Legal form UCITS
Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 31 December
Tax information for German investors
Equity ratio 0.0000
Key service providers
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
Dividend frequency Quarterly
Use of income Distributed
Fiscal year end 31 December
Currency GBP
Fund statistics NAV ( 16 Sep 2021 )
Number of holdings 78
Recent distributions
Announcement date 9 Sep 2021
Ex-date 16 Sep 2021
Record date 17 Sep 2021
Payment date 20 Sep 2021
Distribution per shares 0.4498
Currency GBP
Download all distributions

Key information

Bloomberg ticker AT1S LN
ISIN IE00BYZLWM19
Benchmark BBG ticker IBXXC1D3
Management fee 0.39%
NAV (16 Sep 2021) £42.46
AUM £1,104,391,885
Base currency GBP
Securities lending Yes
Umbrella AUM (16 Sep 2021) £4,951,179,105

ESG Profile

(Fund 16 Sep 2021)

ESG Rating (AAA-CCC) AAA
Quality Score (0-10) 10.00
Carbon Intensity 3.70

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 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.

High yield securities: The Fund will hold a large amount of debt securities which are of lower credit quality, and may result in large fluctuations in the value of the Fund or which may impact he liquidity of the Fund under certain circumstances.

Contingent convertible bonds: The Fund invests in contingent convertible bonds, a type of corporate debt security that may be converted into equity or could be forced to suffer a write down of principal upon the occurrence of a pre-determined event. If this occurs, the Fund could suffer losses. Other notable risks include liquidity and default risk.

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.