Description

This Invesco US Treasury Bond UCITS ETF Dist aims to replicate the total investment performance of the Bloomberg U.S. Treasury Total Return Index USD Unhedged, after accounting for its expenses. The fund distributes income to investors on a quarterly schedule. The Reference Index, which forms the basis for this ETF, measures the performance of U.S. dollar-denominated, fixed-interest, conventional debt securities issued by the U.S. Treasury. These securities cover a wide maturity spectrum, ranging from one year up to three decades. Specifically excluded from the index are inflation-indexed bonds, variable-rate bonds, zero-coupon STRIP bonds, and short-term Treasury bills. The index's composition is updated monthly. The portfolio management team employs sophisticated modeling techniques to construct the fund's holdings by selecting and maintaining a representative subset of the securities within the index. This "sampling" approach is designed to closely track the index's performance while optimizing cost efficiency, in contrast to a full replication strategy. This Exchange Traded Fund (ETF) is characterized by its passive management style, meaning it seeks to follow its benchmark rather than actively selecting investments. Consequently, an investment here signifies the acquisition of units in a passively managed, index-tracking vehicle, rather than direct ownership of the underlying assets it holds.