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Fund components

Asset type

as of 27 Jan 2021 (%)

Effective maturity

as of 27 Jan 2021 (%)

Country exposure

as of 27 Jan 2021 (%)

Currency

as of 27 Jan 2021 (%)

Credit rating

as of 27 Jan 2021 (%)

Top 10 Exposures as of 27 Jan 2021 (%)

Name ISIN Coupon rate Weight
UNITED KINGDOM GILT 4.75% 07/12/2030 GB00B24FF097 4.75 3.27%
UNITED KINGDOM GILT 4.25% 07/06/2032 GB0004893086 4.25 3.07%
UNITED KINGDOM GILT 4.25% 07/12/2055 GB00B06YGN05 4.25 3.02%
UNITED KINGDOM GILT 4.5% 07/09/2034 GB00B52WS153 4.5 2.96%
UNITED KINGDOM GILT 4% 22/01/2060 GB00B54QLM75 4 2.78%
UNITED KINGDOM GILT 4.5% 07/12/2042 GB00B1VWPJ53 4.5 2.64%
UNITED KINGDOM GILT 4.25% 07/03/2036 GB0032452392 4.25 2.59%
UNITED KINGDOM GILT 1.5% 22/07/2026 GB00BYZW3G56 1.5 2.50%
UNITED KINGDOM GILT 3.5% 22/01/2045 GB00BN65R313 3.5 2.47%
UNITED KINGDOM GILT 0.88% 22/10/2029 GB00BJMHB534 0.875 2.44%

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 (26 Jan 2021) $257.56

Collateral Held by Asset Type

as of 26 Jan 2021 (%)

Collateral Held by Country

as of 26 Jan 2021 (%)

Collateral Held by Currency

as of 26 Jan 2021 (%)

Value of Collateral Held

as of 26 Jan 2021 (%)

Top 10 Collateral Exposures as of 26 Jan 2021

Name Cusip ISIN Weight
UNITED KINGDOM OF G EH5295793 GB00B39R3707 6.80%
RSA INSURANCE GROUP PLC GBP 1.0 N/A GB00BKKMKR23 6.40%
OCADO GROUP PLC 2P N/A GB00B3MBS747 6.40%
KONINKLIJKE DSM NV EUR 1.5 N/A NL0000009827 6.40%
UNITED KINGDOM EH9048867 GB00B3MYD345 6.20%
KONINKLIJKE KPN NV EUR 0.04 N/A NL0000009082 5.90%
UNITED KINGDOM OF G ED9462463 GB00B06YGN05 5.80%
RWE AG NPV N/A DE0007037129 5.20%
GOVT OF UNITED KING VAR 10/08/48 AP7250487 GB00BZ13DV40 4.90%
Other N/A N/A 46.00%

Key information

Bloomberg ticker GLTA LN
ISIN IE00BG0TQD32
Benchmark BBG ticker LSG1TRGU
Management fee 0.06%
NAV (27 Jan 2021) £43.57
AUM £23,849,341
Base currency GBP
Securities lending Yes
Umbrella AUM (27 Jan 2021) £3,203,686,998

ESG Characteristics

(Index 27 Jan 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 5.85
Carbon Intensity N/A

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

General Investment Risk: 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.

Concentration Risk: The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified.

Credit Risk: The creditworthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the redemption date. The risk is higher when the Fund is exposed to high yield debt securities.

Interest rate risk: Changes in interest rates will result in fluctuations in the value of the Fund.
 

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