Invesco AT1 Capital Bond UCITS ETF EUR Hdg Dist

Investment Risks

For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. 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. Changes in interest rates will result in fluctuations in the value of the fund. This fund invests in contingent convertible bonds, a type of corporate debt security that may be converted into equity or 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 of these bonds include liquidity and default risk. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. 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. Currency hedging between the base currency of the Fund and the currency of the share class may not completely eliminate the currency risk between those two currencies and may affect the performance of the share class.

Product description

The Invesco AT1 Capital Bond UCITS ETF EUR 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 EUR, the EUR 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.

This ETF is passively managed.

Security Information

General information
Base currency EUR
Dividend treatment Quarterly
Minimum investment 1 share
Launch date 22 Jun 2018
Shares outstanding 16,907,047
Exchanges Deutsche Börse (Xetra)
Borsa Italiana
SIX Swiss Exchange
Further information
SIPP N/A
UCITS Compliant
UK reporting status Yes
Countries of distribution Austria, Denmark (Institutional), Finland, France, Germany, Ireland, Israel (Institutional), Italy, 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
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 EUR
Fund statistics NAV ( 26 May 2022 )
Number of holdings 78
Recent distributions
Announcement date 10 Mar 2022
Ex-date 17 Mar 2022
Record date 18 Mar 2022
Payment date 24 Mar 2022
Distribution per shares 0.2229
Currency EUR
Download all distributions

Key information

Bloomberg ticker XAT1 GY
ISIN IE00BFZPF439
Benchmark BBG ticker IBXXC1D3
Management fee 0.39%
NAV (27 May 2022) €18.61
AUM €1,125,903,575
Base currency EUR
Securities lending Yes
Umbrella AUM (27 May 2022) €8,548,390,121

ESG Profile

(Fund 26 May 2022)

ESG Rating (AAA-CCC) AAA
Quality Score (0-10) 10.00
Carbon Intensity 3.53

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).

Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs.

The investment concerns the acquisition of units in a fund and not in a given underlying asset.

The iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) referenced herein is the property of Markit Indices Limited and is used under license. The funds or securities referred to herein are not sponsored, endorsed, or promoted by Markit Indices Limited.

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.