Description

The Invesco Emerging Markets USD Bond UCITS ETF Dist aims to provide the total return performance of the Bloomberg Emerging Markets USD Sovereign Index (the "Reference Index"), less the impact of fees. The fund distributes income on a quarterly basis. The Reference Index measures fixed and floating -rate USD-denominated debt issued by emerging market governments. To be included, securities must have a minimum US$500 million outstanding and at least one year to final maturity. The list of EM countries is fixed and is reviewed annually. To be included countries must either be defined by the World Bank as low/middle income or as a non-advanced country by the IMF. Investment grade, high yield and unrated securities are permitted. The portfolio managers aim to achieve the fund’s objective by using portfolio modelling tools and techniques to buy and hold a proportion of the index securities that represents the characteristics of the entire index. The objective of this sampling method is to replicate the index performance as closely as possible while reducing the costs that would normally be incurred with full 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.