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Invesco USD IG Corporate Bond Yield Plus UCITS ETF DistIndex, costs, backtest, listings and taxation

ISIN: IE0009IAUUI1Ticker: UYLD (Borsa Italiana) · UYLD (London SE)Issuer: InvescoClass: Dist
Issuer-declared data
Declared index
iBoxx USD Corporates Investment Grade Spread Select Top 50% TCA Index TRI
TER
0.15%
Transaction costs
0.10% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
9.3 mln EUR
NAV
4.97 USD (1 September 2026)
Domicile
Ireland
Inception date
25 February 2026
Data as declared by Invesco in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Invesco USD IG Corporate Bond Yield Plus UCITS ETF Dist tracks the issuer-declared index: iBoxx USD Corporates Investment Grade Spread Select Top 50% TCA Index TRI. The declared annual cost (TER) is 0.15%, plus 0.10% in transaction costs estimated by the issuer in the KID. Replication is physical replication (it buys the index constituents); income is distributed to investors. The fund has assets of about 9 million euro, was launched on 25 February 2026 and is domiciled in Ireland. In our registry it is the largest by assets among the 3 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

Investment objective: The objective of the Fund is to provide exposure to the performance of USD denominated investment grade rated corporate bonds with a high Benchmark Spread. Investment approach: The Fund is a passively managed ETF. To achieve the investment objective the Fund will seek to track the total return performance of the iBoxx USD Corporates Investment Grade Spread Select Top 50% TCA Index (the "Index"), less fees, expenses and transaction costs. The Fund will employ sampling techniques to select securities in the Index which may include but are not limited to index weighted average duration and credit quality. The use of the sampling approach will result in the Fund holding a smaller number of securities than are in the underlying Index. 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 securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. The Fund’s base currency is USD. Dividend Policy: This Share Class declares and distributes a dividend on a quarterly basis.

Keep reading the KID section ▾

Redemption and Dealing of Shares:The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or sell shares daily through an intermediary directly or on Stock Exchange(s) on which the shares are traded. In exceptional circumstances investors will be permitted to redeem their shares directly from the Umbrella Fund in accordance with the redemption procedures set out in the prospectus, subject to any applicable laws and relevant charges.

Intended Retail InvestorThe Fund is intended for investors aiming for income and long term capital growth, who may not have specific financial expertise but are able to make an informed investment decision based on this document, the supplement, 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. Pursuant to Irish law, the assets of the Fund are segregated from other subfunds in the Umbrella Fund (i.e. the Fund’s assets may not be used to discharge the liabilities of other sub-funds of the Umbrella 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 Fund which is being offered at that time. The Index: The Index is designed to reflect the performance of USD denominated, investment grade rated corporate bonds, while aiming to provide a yield enhancement compared to the iBoxx USD Corporates Index (the "Parent Index"), by selecting the bonds with the highest Benchmark Spread within the Parent Index. The Parent Index provides exposure to the performance of USD denominated investment grade corporate bonds. Benchmark Spread means a premium above the yield on a default-free bond with similar time to maturity (also known as the "benchmark rate"), which seeks to compensate for the additional risk associated with holding a corporate bond that is not considered default-free. It is calculated as the difference between the yield on a corporate bond and the benchmark rate (e.g. USD denominated government bonds with similar time to maturity). The securities will be rated investment grade at the time of inclusion in the Index, as determined by the index provider. Securities' principal and interest must be denominated in USD. Only securities with at least 18 months to final maturity (i.e. the time until they become due for repayment) and at least USD500mn par amount outstanding may be included in the Index. The constituents of the Index are selected every quarter when all securities in the Parent Index are grouped into 20 categories depending on a combination of a security’s remaining time to maturity and its sector classification. Within their respective categories,

From the KID’s “Objectives” section · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Feb 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-1.9%
Annualised
-3.6%
Volatility (ann.)
4.5%
Max drawdown
-2.80%
-6%-4%-1%+1%+3%Feb 2026Apr 2026Jun 2026Jul 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-2%Feb 2026Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-1%-2%-3%-4%2026−2.80% · 27 Mar 2026
Max drawdown
-2.80%
peak → trough
Trough
27 Mar 2026
from the 26 Feb 2026 peak
Recovery time
94 days
recovery only: trough to break-even · ≈ 3 months
Underwater
123 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 29 Jun 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
26 Feb 202627 Mar 2026-2.80%29 Jun 2026123
29 Jun 202631 Jul 2026-2.04%ongoing64
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: Invesco. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Full history
Volatility (ann.)6.67%
Max drawdown-4.61%
Sharpe-0.75
Sortino-1.01
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.25%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration
6.20years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
9 to 12 months
0.56%
1 to 3 years
19.21%
3 to 5 years
20.23%
5 to 10 years
26.32%
10 to 20 years
11.58%
20+ years
21.50%
Cash and derivatives
0.59%

Source: factsheet Invesco, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

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.

Rating breakdown (% of fund)
AA
1.89%
A
22.51%
BBB
75.01%
Cash and derivatives
0.59%

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.

Portfolio holdings

Securities in portfolio
474
Top-10 weight
5.1%

Top 10 holdings

Electricite de France SA 6.95% 26/01/39
0.70%
Nippon Life Insurance Co VAR 23/01/50
0.52%
AerCap Ireland Capital DAC / AerCa 3.3% 30/01/32
0.50%
Deutsche Bank AG/New York NY VAR 20/11/29
0.49%
Dollar General Corp 3.5% 03/04/30
0.49%
Indonesia Asahan Aluminium PT / Mi 6.53% 15/11/28
0.49%
Ares Strategic Income Fund 5.7% 15/03/28
0.48%
XPO Inc 6.25% 01/06/28
0.48%
Dominion Energy Inc 5.375% 15/11/32
0.47%
Perusahaan Perseroan Persero PT Pe 5.375% 25/01/29
0.47%
Download the full portfolio — Excel, 474 rows
Full portfolio declared by Invesco, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.0648 USD
ex 11 Jun 2026 · paid 18 Jun 2026
Dividends since first payment (3 months)
0.06 USD
less than 12 months of history: not a full year, not comparable

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.060.06

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.0622 USD10 Sept 2026 · announced11 Sept 202617 Sept 2026
0.0648 USD11 Jun 202612 Jun 202618 Jun 2026
Per-share dividends as declared by the issuer, in USD, since the first payment (11 Jun 2026). Past dividends are not indicative of future ones.

ETFs declaring the same index

FundTERIncomeFund size
UYLA · Invesconot on Borsa Italiana
0.15%Acc.9 mln EUR
UYLG · Invesconot on Borsa Italiana
0.17%Dist.7 mln EUR
3 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)UYLD2 Mar 2026
+ 5 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Invesco USD IG Corporate Bond Yield Plus UCITS ETF Dist track?
The issuer Invesco declares the benchmark: iBoxx USD Corporates Investment Grade Spread Select Top 50% TCA Index TRI.
How much does UYLD cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.10%.
How is UYLD taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of UYLD?
The fund size declared by Invesco is about 9 million euro.
When was UYLD launched?
The fund was launched on 25 February 2026: it has been trading for 191 days: the page fills up as the issuer publishes data.
How does UYLD replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical”).
Does UYLD pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing (Quarterly)”).
What was UYLD's worst fall?
Over the available history (since 2026), the maximum drawdown was -3.25%, reached in July 2026. Past performance is not indicative of future results.
How many securities does UYLD hold?
The declared portfolio holds 474 securities; the top 10 positions weigh 5.1%.
Transparency note
The data in this sheet is declared by Invesco in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.