Invesco USD AT1 CoCo Bond UCITS ETF Acc

Invesco USD AT1 CoCo Bond ETF seeks to track the performance of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index. The fund is managed as a passively managed, index-tracking ETF and uses physical replication, investing directly in the index constituents rather than trying to pick winners. The benchmark is a customized version of the iBoxx USD AT1 index, with business involvement screening applied and each issuer capped at 8%. It is designed to provide broad exposure to the USD AT1 capital bond universe, focusing on financial institutions’ additional tier 1 contingent convertible debt while aiming to maintain minimum standards of investability and liquidity.