Description

The Invesco AT1 Capital Bond UCITS ETF Dist aims to provide the total return performance of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index (the "Reference Index"), less the impact of fees. The Reference Index is a customized version of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 Index in which business involvement eligibility screening criteria is applied and the weight of an issuer is capped at 8%. 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 Reference Index is constructed by using the index provider's criteria to exclude securities that: 1) are involved (as defined by the Index Provider using data from Sustainalytics, an independent ESG and corporate governance research, ratings and analytics firm) in any of the following business activities: controversial weapons, small arms, military contracting, oil sands, thermal coal, tobacco, cannabis and predatory lending; and 2) are deemed not to comply with the principles of the United Nations Global Compact. 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. An investment in this fund is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund.