Fund components

Asset type

as of 18 Oct 2021 (%)

Country exposure

as of 18 Oct 2021 (%)


as of 18 Oct 2021 (%)

Credit rating

as of 18 Oct 2021 (%)

Top 10 Exposures as of 18 Oct 2021 (%)

Name ISIN Cusip Coupon rate Weight
UniCredit SpA VAR 20/01/26 XS2104967695 N/A 1.2 1.15%
UBS Group AG VAR 29/01/26 CH0520042489 N/A 0.25 0.90%
AT&T Inc 2.45% 15/03/35 XS1196380031 00206RCJ9 2.45 0.76%
Prologis International Funding II 2.375% 14/11/30 XS1904690341 L7763MAD2 2.375 0.65%
Procter & Gamble Co/The 4.875% 11/05/27 XS0300113254 U74271NP5 4.875 0.58%
Anheuser-Busch InBev SA/NV 3.25% 24/01/33 BE6248644013 B6399CVA2 3.25 0.57%
Assicurazioni Generali SpA VAR 27/10/47 XS1311440082 N/A 5.5 0.57%
Intesa Sanpaolo SpA 0.75% 16/03/28 XS2317069685 N/A 0.75 0.57%
Volkswagen International Finance N 3.3% 22/03/33 XS0908570459 N93695CX5 3.3 0.56%
GE Capital European Funding Unlimi 4.625% 22/02/27 XS0288429532 G3775QCR1 4.625 0.56%

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

Percentage 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%

Assets on Loan

as of 18 Oct 2021 (%)

Collateral Held by Asset Type

as of 19 Jul 2021 (%)

Collateral Held by Country

as of 19 Jul 2021 (%)

Collateral Held by Currency

as of 19 Jul 2021 (%)

Value of Collateral Held

as of 19 Jul 2021 (%)

Top 10 Collateral Exposures as of 19 Jul 2021

Name Cusip ISIN Weight
FRENCH REPUBLIC 25/04/41 EH8786723 FR0010773192 9.40%
FRENCH REPUBLIC EK3074136 FR0011962398 9.00%
FRENCH REPUBLIC EJ3468919 FR0011317783 9.00%
FRANCE,OAT ED3871594 FR0010070060 9.00%
FRENCH REPUBLIC EK7289029 FR0012517027 9.00%
FRANCE,OAT EG3953361 FR0010466938 9.00%
FRANCE,OAT EJ6098374 FR0011461037 9.00%
FRENCH REPUBLIC JK7596303 FR0013154044 7.30%
FRENCH REPUBLIC VAR 25/07/23 EH2127676 FR0010585901 7.00%
Other N/A N/A 22.00%

Key information

Bloomberg ticker PSFE GY
Benchmark BBG ticker LECPTREU
Management fee 0.10%
NAV (18 Oct 2021) €20.65
AUM €22,323,088
Base currency EUR
Securities lending Yes
Umbrella AUM (18 Oct 2021) €5,978,961,212

ESG Profile

(Fund 18 Oct 2021)

Quality Score (0-10) 8.31
Carbon Intensity 142.88

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.

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. 

“Bloomberg®” and the Bloomberg Euro Corporate 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 Euro Corporate Bond UCITS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Invesco Euro Corporate Bond UCITS ETF.

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.