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Invesco US Treasury Bond 3-7 Year UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: IE00BF2FNR50Ticker: TR7A (Xetra) · TR7A (London SE)Issuer: InvescoClass: Acc
Issuer-declared data
TER
0.06%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
209.7 mln EUR
NAV
43.88 USD (1 September 2026)
Domicile
Ireland
Inception date
20 February 2024
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 US Treasury Bond 3-7 Year UCITS ETF Acc tracks the issuer-declared index: Bloomberg US Treasury 3-7 Year Index. The declared annual cost (TER) is 0.06%, plus 0.00% 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 210 million euro, was launched on 20 February 2024 and is domiciled in Ireland. In our registry it is the largest by assets among the 5 ETFs declaring the same index.

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

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. Investment objective: The objective of the Fund is to achieve the total return performance of the Bloomberg US Treasury 3-7 Year Index (the "Index"), less fees, expenses and transaction costs. Investment approach: The Fund is a passively managed ETF. To achieve the investment objective, the Fund will employ sampling techniques to select securities in the Index which may include but are not limited to index weighted average duration, industry sectors, country weights, liquidity 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 use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. 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’s base currency is USD.

Keep reading the KID section ▾

Intended Retail InvestorThe Fund is intended for investors aiming for medium 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. 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. The Index: The Index is designed to measure the performance of US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury. To be included in the Index, securities must have three to seven years remaining to maturity, be US dollardenominated, rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody’s, S&P and Fitch, with a minimum par amount outstanding of USD 300mn. Both fixed-rate coupon and original zero coupon issues are included in the Index. Security types excluded from the Index are, among others: inflation-linked bonds, floating-rate bonds, STRIP bonds (being bonds where both the principal and regular coupon payments which have been removed are sold separately to investors as new securities), and Treasury bills.

From the KID’s “Objectives” section · 14 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.06%: below the median of bond ETFs we track (0.15%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

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 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+9.9%
Annualised
+3.8%
Volatility (ann.)
3.6%
Max drawdown
-3.65%
-4%+1%+6%+11%+15%Feb 2024Oct 2024May 2025Jan 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%)+10%Feb 2024Sept 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%202420252026−3.65% · 13 Jan 2025
Max drawdown
-3.65%
peak → trough
Trough
13 Jan 2025
from the 16 Sept 2024 peak
Recovery time
78 days
recovery only: trough to break-even · ≈ 3 months
Underwater
197 days
decline + recovery: peak to break-even · ≈ 6 months · → recovered on 01 Apr 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
16 Sept 202413 Jan 2025-3.65%01 Apr 2025197
27 Feb 202619 May 2026-2.47%ongoing188
08 Mar 202425 Apr 2024-2.25%05 Jun 202489
30 Apr 202514 May 2025-1.76%25 Jun 202556
04 Apr 202511 Apr 2025-1.74%29 Apr 202525

Calendar-year returns

2024
3.1%
2025
7.3%
2026
-0.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.11.5-1.50.0-0.10.1-0.50.1-0.1-0.6
20250.61.70.61.3-0.71.1-0.41.50.20.50.7-0.17.3
20240.5-1.81.31.02.21.21.1-2.10.6-0.93.1
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
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.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.06%
YearFundIndexDifference
2025+7.25%+7.27%-0.02%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)6.07%7.31%
Max drawdown-3.93%-10.11%
Sharpe-0.16-0.25
Sortino-0.22-0.33
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: 2.20%), 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
4.22years

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

Maturity breakdown (% of fund)
3 to 5 years
64.00%
5 to 10 years
35.37%
Cash and derivatives
0.63%

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
99.37%
Cash and derivatives
0.63%

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
90
Top-10 weight
19.3%

Top 10 holdings

US TSY N/B 4% 28/02/30
2.10%
US TSY N/B 3.875% 15/08/33
2.03%
US TSY N/B 3.5% 15/02/33
1.93%
US TSY N/B 1.625% 15/05/31
1.93%
US TSY N/B 1.875% 15/02/32
1.91%
US TSY N/B 1.25% 15/08/31
1.90%
US TSY N/B 0.875% 15/11/30
1.89%
US TSY N/B 2.875% 15/05/32
1.88%
US TSY N/B 4.125% 15/11/32
1.87%
US TSY N/B 1.375% 15/11/31
1.85%
Download the full portfolio — Excel, 90 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 →

Index tracked

Bloomberg US Treasury 3-7 Year Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
TRE7 · Invesco
0.06%Dist.210 mln EUR
US37 · Amundi · 3 classes
0.06%Dist. · Acc.53 mln EUR
T7EU · Invesconot on Borsa Italiana
0.10%Dist.181 mln EUR
TR7S · Invesconot on Borsa Italiana
0.10%Dist.155 mln EUR
5 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
12.50%
White-list share
100.00%
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 →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BF2FNR50TR7A
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfTR7A23 Feb 2024
Börse FrankfurtTR7A23 Feb 2024
Börse HamburgTR7A13 May 2026
Börse StuttgartTR7A12 Apr 2024
Tradegate ExchangeTR7A21 Apr 2026
Xetra (Deutsche Börse)TR7A23 Feb 2024
+ 12 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 US Treasury Bond 3-7 Year UCITS ETF Acc track?
The issuer Invesco declares the benchmark: Bloomberg US Treasury 3-7 Year Index.
How much does TR7A cost?
The issuer-declared TER is 0.06% per year; the transaction costs estimated in the KID are 0.00%.
How is TR7A taxed in Italy?
On sale, the capital gain is taxed at an effective 12.50% rate (white-list share 100.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of TR7A?
The fund size declared by Invesco is about 210 million euro.
When was TR7A launched?
The fund was launched on 20 February 2024: it has 2 years of history.
How does TR7A replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical”).
Does TR7A pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does TR7A trade?
Per the official ESMA register it trades on 6 main exchanges, including Börse Düsseldorf (TR7A), Börse Frankfurt (TR7A), Börse Hamburg (TR7A), Börse Stuttgart (TR7A), Tradegate Exchange (TR7A), Xetra (Deutsche Börse) (TR7A).
What was TR7A's worst fall?
Over the available history (since 2024), the maximum drawdown was -3.65%, reached in January 2025. Past performance is not indicative of future results.
How many securities does TR7A hold?
The declared portfolio holds 90 securities; the top 10 positions weigh 19.3%.
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.