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Invesco US High Yield Fallen Angels UCITS ETF Acc tracks the issuer-declared index: FTSE Time-Weighted US Fallen Angel Bond Select Index. The declared annual cost (TER) is 0.45%, plus 0.31% in transaction costs estimated by the issuer in the KID. Replication is physical replication (it buys the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 78 million euro, was launched on 27 July 2022 and is domiciled in Ireland. In our registry it is the largest by assets among the 3 ETFs declaring the same index.
- The objective of the Fund is to provide investors with investment results which, before expenses, correspond to the price and yield performance of the FTSE Time-Weighted US Fallen Angel Bond Select Index (Total Return) (the "Index"). - The Fund’s base currency is USD. - The Index measures the performance of US Dollar "fallen angels" i.e., US Dollar corporate bonds which were a.) previously rated investment-grade (higher quality) and subsequently downgraded to high-yield (lower quality); or b.) previously rated high-yield, subsequently rated investment-grade and then downgraded again to high yield. The Index is based on the FTSE Time-Weighted US Fallen Angel Bond Index which includes US Dollar-denominated bonds issued by corporations where the country is assigned as Australia, Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States. - This document provides a summary of the principal features of the Index, the complete description of the Index (available from the Index provider) shall at all times prevail. Investors should note that the Index is the intellectual property of the index provider. The Fund is not sponsored or endorsed by the index provider and a full disclaimer can be found in the Fund’s supplement. - The Fund is a passively managed ETF. - To achieve the objective the Fund will, as far as possible and practicable, replicate the Index by holding all the securities in the Index in a similar proportion to their respective weightings in the Index. - The Index is rebalanced on a monthly basis. - The Fund may engage in securities lending, whereby 90% of the revenues arising from securities lending will be returned to the Fund and 10% of the revenues will be retained by the securities lending agent. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the
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Intended Retail InvestorThe Fund is intended for investors aiming for long term capital growth, who may not have specific financial expertise but are able to make an informed investment decision based on this document, and the prospectus, have a risk appetite consistent with the risk indicator displayed below and understand that there is no capital guarantee or protection (100% of capital is at risk). Practical Information Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. Find out more: This document is specific to the Fund. Further information about the Fund can be obtained from the supplement, the prospectus, annual and interim reports. The prospectus, annual and interim reports are prepared for the Umbrella Fund, of which the Fund is a sub-fund. These documents are available free of charge in English. They can be obtained along with other information, such as share prices, at https://etf.invesco.com (select your country and navigate to the Documents section on the product page), or by calling +353 1 439 8000. The assets of the Fund are segregated as a matter of Irish law and as such, in Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of another sub-fund. This position may be considered differently by the courts in jurisdictions outside of Ireland. Subject to satisfying certain criteria as set out in the prospectus, investors may be able to exchange their investment in the Fund for shares in another sub-fund of the Umbrella which is being offered at that time.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 16 Aug 2022 | 29 Sept 2022 | -7.91% | 02 Feb 2023 | 170 |
| 02 Feb 2023 | 28 Mar 2023 | -5.00% | 20 Nov 2023 | 291 |
| 20 Feb 2026 | 27 Mar 2026 | -4.58% | 01 Jul 2026 | 131 |
| 10 Mar 2025 | 11 Apr 2025 | -3.99% | 04 Jun 2025 | 86 |
| 28 Mar 2024 | 18 Apr 2024 | -2.24% | 10 Jul 2024 | 104 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.7 | 0.1 | -3.5 | 2.8 | 0.7 | 0.7 | -0.2 | 1.0 | -0.1 | 2.2 | |||
| 2025 | 1.5 | 0.9 | -0.4 | -1.0 | 1.4 | 2.8 | 0.2 | 1.9 | 1.2 | 0.3 | 0.6 | 0.1 | 9.8 |
| 2024 | -0.2 | -0.3 | 1.6 | -1.5 | 0.5 | 0.4 | 2.3 | 1.1 | 1.8 | -0.8 | 0.7 | -0.8 | 4.8 |
| 2023 | 3.4 | -1.9 | 0.1 | 0.2 | -0.9 | 2.4 | 1.4 | -0.8 | -1.7 | -1.1 | 5.2 | 3.8 | 10.4 |
| 2022 | -1.9 | -4.2 | 1.9 | 2.0 | -0.4 | -1.1 |
| Year | Fund | Index | Difference |
|---|---|---|---|
| 2025 | +9.82% | +9.85% | -0.03% |
| 2024 | +4.77% | +5.70% | -0.93% |
| 2023 | +10.41% | +11.21% | -0.80% |
| Last year | Last 3 years | Full history | |
|---|---|---|---|
| Volatility (ann.) | 5.38% | 7.10% | 7.82% |
| Max drawdown | -2.92% | -11.99% | -11.99% |
| Sharpe | 0.51 | 0.28 | 0.01 |
| Sortino | 0.74 | 0.37 | 0.02 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: factsheet Invesco, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.
Source: factsheet Invesco, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.
| Fund | TER | Income | Fund size |
|---|---|---|---|
HYFA · Invesco | 0.45% | Dist. | 78 mln EUR |
FAEU · Invesco | 0.50% | Acc. | 67 mln EUR |
| Exchange | Ticker |
|---|---|
| Bolsa Institucional de Valores (BIVA) | HYFCN |
| London Stock Exchange | HYFC |