Invesco USD AT1 CoCo Bond UCITS ETF GBP Hdg Dist

Invesco USD AT1 CoCo Bond UCITS ETF GBP Hdg Dist

About

Invesco USD AT1 CoCo Bond UCITS ETF GBP Hdg Dist (IE00BYZLWM19) is a UCITS-compliant bond ETF tracking the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index. With a TER of 0.39%, it is moderately priced. The fund holds 105 positions with 44M in assets.

ISIN
Fund Size €43.7M
Issuer Invesco
Distribution —
Replication Physical
Inception Jun 2018
Base Currency GBP
Index iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index
Asset Class Bonds
Category Subordinated Bond

Costs

5.8
This fund has moderate costs compared to similar ETFs.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

3.9
With only 105 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
Barclays PLC VAR 15/12/74
0.02%
#2
Banco Santander SA VAR 01/11/74
0.02%
#3
Banco Santander SA VAR 21/02/75
0.02%
#4
Barclays PLC VAR 15/03/75
0.02%
#5
Lloyds Banking Group PLC VAR 27/06/74
0.02%
#6
Deutsche Bank AG VAR 30/04/75
0.02%
#7
Credit Agricole SA VAR 23/12/74
0.02%
#8
Banco Santander SA VAR 21/02/75
0.02%
#9
Sumitomo Mitsui Financial Group In VAR 05/06/74
0.02%
#10
Credit Agricole SA VAR 23/12/74
0.02%

Sectors

Allocation by industry sector.

Regions

Geographic allocation by country of risk.

Nerd Stuff

Advanced risk and return metrics (2023-06-02 — 2026-12-05).
32.9%
Volatility
-17.8%
Max Drawdown
-0.07
Sharpe Ratio
-0.10
Sortino Ratio
-0.13
Calmar Ratio
0.05
Beta
2.10%
Alpha (Jensen's)
0.000
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

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