Invesco USD AT1 CoCo Bond UCITS ETF CHF Hedged 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.