Fund components

Asset type

as of 19 Oct 2021 (%)

Effective maturity

as of 19 Oct 2021 (%)

Country exposure

as of 19 Oct 2021 (%)

Currency

as of 19 Oct 2021 (%)

Credit rating

as of 19 Oct 2021 (%)

Top 10 Exposures as of 19 Oct 2021 (%)

Name ISIN Cusip Coupon rate Weight
Cash and/or Derivatives N/A N/A N/A 1.68%
US TSY N/B 1.625% 15/05/31 US91282CCB54 91282CCB5 1.625 1.13%
US TSY N/B 0.875% 15/11/30 US91282CAV37 91282CAV3 0.875 1.08%
US TSY N/B 1.125% 15/02/31 US91282CBL46 91282CBL4 1.125 1.00%
US TSY N/B 0.625% 15/08/30 US91282CAE12 91282CAE1 0.625 0.88%
US TSY N/B 2.375% 15/05/51 US912810SX72 912810SX7 2.375 0.83%
US TSY N/B 2.875% 15/05/28 US9128284N73 9128284N7 2.875 0.77%
US TSY N/B 0.625% 15/05/30 US912828ZQ64 912828ZQ6 0.625 0.77%
US TSY N/B 1.875% 15/02/51 US912810SU34 912810SU3 1.875 0.77%
US TSY N/B 1.25% 15/08/31 US91282CCS89 91282CCS8 1.25 0.75%

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 50%
Maximum amount of any single security that can be loaned 90%
Average amount on loan (30 Sep 2021) 19.34%
Securities lending return (30 Sep 2021) 0.04%

Average amount on loan is the average percentage of the fund’s assets that were on loan over the previous 12 month period.

Securities lending return is the net securities lending revenue earned over the previous 12 month period, expressed as an annualised percentage return over the fund’s average AUM over the same period.

Assets on Loan

as of 30 Sep 2021 (%)

Collateral Held by Asset Type

as of 19 Oct 2021 (%)

Collateral Held by Country

as of 19 Oct 2021 (%)

Collateral Held by Currency

as of 19 Oct 2021 (%)

Value of Collateral Held

as of 19 Oct 2021 (%)

Top 10 Collateral Exposures as of 19 Oct 2021

Name Cusip ISIN Weight
FEDEX CORP USD 0.1 31428X106 US31428X1063 5.80%
TESLA INC USD 0.001 88160R101 US88160R1014 4.70%
APPLE INC USD 0.00001 037833100 US0378331005 4.20%
GOLDMAN SACHS GROUP INC USD 0.01 38141G104 US38141G1040 3.80%
INTEL CORP USD 0.001 458140100 US4581401001 3.50%
ROYAL DUTCH SHELL PLC EUR 0.07 N/A GB00B03MLX29 2.90%
ZURICH INSURANCE GROUP AG CHF 0.1 N/A CH0011075394 2.30%
NIELSEN HOLDINGS PLC EUR 0.07 N/A GB00BWFY5505 2.30%
ASML HOLDING NV EUR 0.09 N/A NL0010273215 2.30%
Other N/A N/A 68.00%

Key information

Bloomberg ticker TRES LN
ISIN IE00BF2GFH28
Benchmark BBG ticker LUATTRUU
Management fee 0.06%
NAV (19 Oct 2021) $42.81
AUM $345,558,163
Base currency USD
Securities lending Yes
Umbrella AUM (19 Oct 2021) $6,977,285,736

ESG Profile

(Fund 19 Oct 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.10
Carbon Intensity N/A

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 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 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 Index suspension, a decision by one of the relevant stock exchanges, a breach by the market maker or respective stock exchange requirements and guidelines.

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

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

“Bloomberg®” and the Bloomberg U.S. Treasury Total Return Index USD Unhedged 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 US Treasury Bond UCITS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Invesco US Treasury 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