Description

The Invesco US Treasury Bond UCITS ETF EUR Hdg Dist aims to provide the total return performance of the Bloomberg U.S. Treasury Total Return Index ("Reference Index"), less the impact of fees. The interest income is distributed quarterly by the fund.To minimise exposure to fluctuations in the exchange rate between USD and EUR, the EUR Hedged share class enters into foreign exchange transactions.The Reference Index measures the performance of US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury with a broad spread of maturities from 1 to 30 years. Inflation-linked bonds, floating-rate bonds, STRIP bonds (where both the principal and regular coupon payments which have been removed are sold separately to investors as new securities) and Treasury bills are excluded. The Reference Index rebalances monthly.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.