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Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc

Invesco · IE00021E4FE3

Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker ECMA (ISIN IE00021E4FE3). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about lending to governments and companies in return for regular interest, which tends…

· Tracks the Bloomberg Euro Corporate Index index ?
Bond ?Accumulating ?Physical ?Ireland ?
Low yearly feeReinvests dividendsOwns the shares directlyEuropeBroadly spread
Fund size (AUM) ?
€34.6M
Risk level (SRI) ?
2 / 7 · Low
1-year return ?
-1.0%
Total return · to 2026-10-07
Yearly fee (TER) ?
0.19%
All-in cost ≈ 0.34%

About this fund

What you own

The Bloomberg Euro Corporate Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 241 companies across Europe in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

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Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.19%Yearly fee (TER)
0.34%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

Read more

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
Bloomberg Euro Corporate Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Jun 2022
4-year track record
Recommended holding period
5 years

Bond details

Credit quality ?
Investment Grade
Inflation-linked ?
No — nominal (fixed) payouts

Performance

94.199.6105111116202220242026

Growth of €100 invested — the line starts at €100.

Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD-1.0%
1 year-1.0%
3 years+4.0%

Return, year by year

+7.1
+4.3
+2.9
'23'24'25
3 of 3 up yearsBest: 2023 +7.1%Worst: 2025 +2.9%Calendar-year total returns, in EUR

How bumpy has it been?

3.3%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-3.1%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
1.28
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

+12.7%
Since inception
Total growth since launch — about +2.8% a year.
+10.8%
Best 12 months
The strongest one-year stretch on record.
-4.7%
Worst 12 months
The weakest one-year stretch on record.
-8.9%
Worst fall on record ?
It clawed back in about 14 months.

What's inside

By sector ?

Financials49.3%
Consumer Discretionary12.4%
Industrials9.6%
Consumer Staples8.4%
Communication Services6.4%
Utilities4.8%
Health Care4.0%
Materials2.5%
Other / not shown2.6%

The 10 biggest holdings make up 11.6% of the fund — the rest is spread across roughly 230 more companies.

Top 10 holdings

#CompanyWeight
1Allianz Finance II BV 3.25% 04/12/291.5%
2ING Groep NV VAR 01/02/301.3%
3Kerry Group Financial Services Unl 0.875% 01/12/311.3%
4Assa Abloy AB 3.875% 13/09/301.2%
5HEINEKEN NV 3.276% 29/10/321.1%
6Sydney Airport Finance Co Pty Ltd 4.125% 30/04/361.1%
7BNP Paribas SA VAR 17/04/291.1%
8Vonovia SE 0.5% 14/09/291.1%
9Goldman Sachs Group Inc/The VAR 17/08/331.0%
10Banque Federative du Credit Mutuel 0.625% 21/02/311.0%

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
FrankfurtECMAEUR★ Primary
EUR listings
Borsa ItalianaECMAEUR
E1ECMAEUREUR
EPECMAEUREUR
EUECMAEUREUR
EZECMAEUREUR
GDECMAEUR
GMECMAEUR
GSECMAEUR
GTECMAEUR
GZECMAEUR
LAECMAEUR
London Stock ExchangeECMAEUR
LUECMAEUR
QTECMAEUR
THECMAEUR
X1ECMAEUREUR
X2ECMAEUREUR
XAECMAEUREUR
XEECMAEUREUR
XFECMAEUREUR
XGECMAEUREUR
XHECMAEUREUR
XJECMAEUREUR
XLECMAEUREUR
XOECMAEUREUR
XQECMAEUREUR
XSECMAEUREUR
XTECMAEUREUR
XUECMAEUREUR
XVECMAEUREUR
XWECMAEUREUR
XXECMAEUREUR
XZECMAEUREUR
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-10-07 · the fund's own published holdings.

#CompanyWeight
1Allianz Finance II BV 3.25% 04/12/291.5%
2ING Groep NV VAR 01/02/301.3%
3Kerry Group Financial Services Unl 0.875% 01/12/311.3%
4Assa Abloy AB 3.875% 13/09/301.2%
5HEINEKEN NV 3.276% 29/10/321.1%
6Sydney Airport Finance Co Pty Ltd 4.125% 30/04/361.1%
7BNP Paribas SA VAR 17/04/291.1%
8Vonovia SE 0.5% 14/09/291.1%
9Goldman Sachs Group Inc/The VAR 17/08/331.0%
10Banque Federative du Credit Mutuel 0.625% 21/02/311.0%
11Banque Federative du Credit Mutuel 4.375% 02/05/300.9%
12Veralto Corp 4.15% 19/09/310.9%
13BAWAG PSK Bank fuer Arbeit und Wir VAR 21/01/320.9%
14PPI Public Property Invest AB 3.25% 21/04/290.9%
15Banco Santander SA 3.25% 27/05/320.8%
16Redeia Corp SA 3.375% 09/07/320.8%
17ING Groep NV VAR 16/02/310.8%
18Takeda Pharmaceutical Co Ltd 1% 09/07/290.8%
19Arkema SA 3.5% 12/09/340.8%
20Universal Music Group NV 4% 13/06/310.7%
21Standard Chartered PLC VAR 17/03/330.7%
22LEG Immobilien SE 1.5% 17/01/340.7%
23UBS GROUP AG 0.625% 18/01/330.7%
24Stoneweg Ereit Lux Finco Sarl 4.125% 22/02/330.7%
25OP Corporate Bank plc 0.375% 16/06/280.7%
26Prosus NV 1.288% 13/07/290.7%
27Societe Generale SA 5.625% 02/06/330.6%
28HSBC Holdings PLC VAR 10/03/320.6%
29Morgan Stanley VAR 02/03/290.6%
30Islandsbanki HF 4.625% 27/03/280.6%
31DNB Bank ASA VAR 14/03/290.6%
32Generali 5.272% 12/09/330.6%
33Erste Group Bank AG VAR 30/05/300.6%
34Credit Mutuel Arkea SA 4.25% 01/12/320.6%
35CARRIER GLOBAL CORP 4.125% 29/05/280.6%
36OP Corporate Bank plc 4% 13/06/280.6%
37Koninklijke Ahold Delhaize NV 3.5% 04/04/280.6%
38Daimler Truck International Financ 3.125% 23/03/280.6%
39Banque Federative du Credit Mutuel VAR 15/01/350.6%
40Akzo Nobel NV 4% 25/03/310.6%
41Ellevio AB 4.125% 07/03/340.6%
42Toyota Finance Australia Ltd 3.386% 18/03/300.6%
43Kingspan Securities Ireland DAC 3.5% 31/10/310.6%
44EssilorLuxottica SA 2.875% 05/03/290.6%
45American Honda Finance Corp 3.95% 19/03/320.6%
46CNH Industrial NV 3.75% 11/06/310.6%
47Talanx AG 3.75% 09/04/330.6%
48Molson Coors Beverage Co 3.8% 15/06/320.6%
49Bank of Montreal VAR 09/01/320.6%
50HSBC Holdings PLC VAR 25/09/300.6%
51LVMH Moet Hennessy Louis Vuitton S 3.125% 07/11/320.6%
52BMW International Investment BV 3.5% 22/01/330.6%
53Erste&Steiermaerkische Banka dd VAR 06/07/280.6%
54Motability Operations Group PLC 3.625% 22/01/330.6%
55Canadian Imperial Bank of Commerce VAR 16/07/310.6%
56WPP Finance 2013 3.625% 09/06/310.6%
57Kering SA 3.375% 11/03/320.6%
58Avery Dennison Corp 3.75% 04/11/340.6%
59Abertis Infraestructuras SA 3.625% 08/03/320.6%
60Pernod Ricard SA 3.25% 03/03/320.6%
61BNP Paribas SA 1.5% 23/05/280.6%
62United Utilities Water Finance PLC 3.5% 27/02/330.6%
63LVMH Moet Hennessy Louis Vuitton S 3% 07/03/320.6%
64UBS Group AG VAR 05/11/280.6%
65Eurogrid GmbH 3.279% 05/09/310.6%
66MMS USA Holdings Inc 1.25% 13/06/280.6%
67Credit Agricole SA 2% 25/03/290.6%
68Mercedes-Benz International Financ 3.125% 05/09/310.6%
69Sudzucker International Finance BV 4.125% 29/01/320.6%
70Credit Agricole SA/London 1.75% 05/03/290.6%
71Morgan Stanley VAR 07/05/320.6%
72Sanofi SA 1.25% 06/04/290.6%
73Accor SA 3.625% 03/09/320.6%
74Equinix Europe 2 Financing Corp LL 3.625% 22/11/340.6%
75Red Electrica Financiaciones SA 0.375% 24/07/280.6%
76Anheuser-Busch InBev SA/NV 1.5% 18/04/300.5%
77Diageo Capital BV 0.125% 28/09/280.5%
783M Co 1.75% 15/05/300.5%
79Capgemini SE 3.5% 25/09/340.5%
80Mizuho Financial Group Inc 0.402% 06/09/290.5%
81MMS USA Holdings Inc 1.75% 13/06/310.5%
82Mizuho Financial Group Inc 0.693% 07/10/300.5%
83CA Auto Bank SPA/Ireland 2.75% 21/01/290.5%
84AXA SA VAR 10/07/420.5%
85EssilorLuxottica SA 0.75% 27/11/310.5%
86Banque Federative du Credit Mutuel 1.125% 19/11/310.5%
87Verizon Communications Inc 0.75% 22/03/320.5%
88Digital Intrepid Holding BV 0.625% 15/07/310.5%
89Vodafone Group PLC 2.5% 24/05/390.5%
90Telia Co AB 3.625% 22/02/320.4%
91Goldman Sachs Group Inc/The 2% 22/03/280.4%
92Zimmer Biomet Holdings Inc 3.518% 15/12/320.4%
93ALPHA BANK SA VAR 10/02/330.4%
94International Business Machines Co 3.8% 10/02/450.4%
95Stoneweg Ereit Lux Finco Sarl 4.25% 30/01/310.4%
96Nordea Bank Abp VAR 16/06/360.4%
97AT&T Inc 2.6% 19/05/380.4%
98Achmea BV VAR 26/12/430.3%
99Banco Santander SA 4.875% 18/10/310.3%
100Barclays PLC VAR 29/01/340.3%
101Suez SACA 5% 03/11/320.3%
102Raiffeisen Schweiz Genossenschaft 5.23% 01/11/270.3%
103Deutsche Bank AG VAR 11/01/290.3%
104BNP Paribas SA VAR 13/11/320.3%
105Banque Federative du Credit Mutuel 5.125% 13/01/330.3%
106Nasdaq Inc 4.5% 15/02/320.3%
107Talanx AG 4% 25/10/290.3%
108Deutsche Bank AG 4% 29/11/270.3%
109Svenska Handelsbanken AB 3.75% 01/11/270.3%
110AXA SA 3.75% 12/10/300.3%
111American Honda Finance Corp 3.75% 25/10/270.3%
112Banco Santander SA VAR 22/04/340.3%
113JAB Holdings BV 4.85% 29/06/320.3%
114BARCLAYS PLC VAR 31/01/330.3%
115ING Groep NV VAR 23/05/290.3%
117Aeroporti di Roma SpA 4.875% 10/07/330.3%
118Open Bank SA/Madrid 3.75% 17/01/290.3%
119BARCLAYS PLC VAR 31/05/360.3%
120Credit Mutuel Arkea SA VAR 15/05/350.3%
121Credit Mutuel Arkea SA 3.875% 22/05/280.3%
122PostNL NV 4.75% 12/06/310.3%
123BNP Paribas SA VAR 10/01/320.3%
124Nestle Finance International Ltd 3.75% 13/03/330.3%
125AL Sydbank A/S VAR 05/03/300.3%
126CREDIT AGRICOLE SA VAR 23/01/310.3%
127Vestas Wind Systems A/S 4.125% 15/06/310.3%
128Henkel AG & Co KGaA 3.625% 02/04/310.3%
129Toronto-Dominion Bank/The VAR 23/01/360.3%
130LKQ Dutch Bond BV 4.125% 13/03/310.3%
131Booking Holdings Inc 4.125% 12/05/330.3%
132Credit Mutuel Arkea SA 4.125% 01/02/340.3%
133Credit Agricole SA VAR 15/04/360.3%
134Sanofi SA 3% 05/05/290.3%
135BNP Paribas SA 4.095% 13/02/340.3%
136DNB BANK ASA VAR 30/12/360.3%
137Cencora Inc 2.875% 22/05/280.3%
138Commerzbank AG VAR 20/02/370.3%
139Elia Transmission Belgium SA 3% 07/04/290.3%
140BMW Finance NV 2.625% 20/05/280.3%
141BMW Finance NV 2.625% 27/01/290.3%
142Eurogrid GmbH 3.915% 01/02/340.3%
143Sogecap SA VAR 03/04/450.3%
144BPCE SA VAR 29/09/320.3%
145JAB Holdings BV 4.375% 19/05/350.3%
146Toronto-Dominion Bank/The 3.641% 22/10/310.3%
147Toyota Motor Finance Netherlands B 3.125% 11/07/290.3%
148Nykredit Realkredit A/S 3.625% 24/07/300.3%
149American Honda Finance Corp 3.65% 23/04/310.3%
150America Movil SAB de CV 2.125% 10/03/280.3%
151Raiffeisen Bank International AG VAR 18/02/320.3%
152Raiffeisen Schweiz Genossenschaft VAR 03/09/320.3%
153BPCE SA VAR 20/01/340.3%
154NTT FINANCE CORP 3.359% 12/03/310.3%
155ASTM SpA 3.375% 16/02/320.3%
156Barclays PLC VAR 12/11/370.3%
157Assa Abloy AB 4.125% 13/09/350.3%
158CENCORA INC 3.625% 22/05/320.3%
159Unilever Finance Netherlands BV 1.75% 16/11/280.3%
160BPCE SA VAR 19/12/310.3%
161Adecco International Financial Ser 3.4% 08/10/320.3%
162Redeia Corp SA VAR 27/04/750.3%
163Metropolitan Life Global Funding I 4% 27/05/330.3%
164Motability Operations Group PLC 3.875% 24/01/340.3%
165Motability Operations Group PLC 3.5% 17/07/310.3%
166Societe Generale SA VAR 17/05/350.3%
167Commerzbank AG VAR 21/01/380.3%
168Allianz SE VAR 25/07/550.3%
169General Mills Inc 3.6% 17/04/320.3%
170Universal Music Group NV 3.75% 30/06/320.3%
171Nordea Bank Abp 2.75% 02/05/300.3%
172Telefonica Emisiones SA 3.707% 02/05/330.3%
173Commonwealth Bank of Australia VAR 21/05/370.3%
174CAIXABANK SA VAR 27/01/360.3%
175EUROGRID GMBH 3.732% 18/10/350.3%
176PPG Industries Inc 3.25% 04/03/320.3%
177EssilorLuxottica SA 0.375% 27/11/270.3%
178BUNZL FINANCE PLC 3.375% 09/04/320.3%
179Raiffeisen Bank International AG VAR 16/02/340.3%
180ASSA ABLOY AB 3.371% 09/09/320.3%
181Mercialys SA 4% 10/09/310.3%
182BMW Finance NV 3.75% 27/01/360.3%
183Heathrow Funding Ltd 3.875% 16/01/360.3%
184WPP Finance 2013 4% 12/09/330.3%
185Prosus NV 1.539% 03/08/280.3%
186Lumo Kodit Oyj 3.875% 12/03/320.3%
187AXA SA VAR 24/07/550.3%
188BPCE SA VAR 26/02/360.3%
189Avery Dennison Corp 4% 11/09/350.3%
190Legal & General Group PLC VAR 04/09/550.3%
191Vonovia SE 4.5% 12/11/400.3%
192Heineken NV 4.242% 14/11/450.3%
193Cellnex Telecom SA 1.875% 26/06/290.3%
194Gatwick Funding Ltd 3.875% 24/06/350.3%
195Kraft Heinz Foods Co 3.25% 15/03/330.3%
196AIA Group Ltd VAR 09/09/330.3%
197Prologis Euro Finance LLC 3.25% 22/09/320.3%
198Reckitt Benckiser Treasury Service 3.5% 10/09/340.3%
199DIGITAL DUTCH FINCO BV 3.875% 15/07/340.3%
200East Japan Railway Co 3.727% 02/09/370.3%
201Toronto-Dominion Bank/The 3.129% 03/08/320.3%
202Nestle Finance International Ltd 3.125% 28/10/360.3%
203Gecina SA 1% 30/01/290.3%
204Vodafone International Financing D 4.125% 27/04/410.3%
205BNP Paribas SA VAR 19/01/300.3%
206American Medical Systems Europe BV 3.25% 08/03/340.3%
207Gecina SA 1.625% 14/03/300.3%
208Verizon Communications Inc 1.25% 08/04/300.3%
209Lumo Kodit Oyj 0.875% 28/05/290.3%
210ING Groep NV VAR 29/11/300.3%
211Credit Agricole Assurances SA 2% 17/07/300.3%
212Kerry Group Financial Services Unl 0.625% 20/09/290.3%
213International Business Machines Co 4% 06/02/430.3%
214Nasdaq Inc 0.875% 13/02/300.3%
215ASB Bank Ltd 0.5% 24/09/290.3%
216Mizuho Financial Group Inc 2.096% 08/04/320.3%
217Mercedes-Benz International Financ 3.25% 15/11/300.3%
218Stellantis NV 1.125% 18/09/290.3%
219BNP Paribas SA 2.1% 07/04/320.3%
220Storebrand Livsforsikring AS VAR 30/09/510.3%
221NTT Finance Corp 0.342% 03/03/300.3%
222Cellnex Finance Co SA 2% 15/09/320.3%
223Cellnex Finance Co SA 2% 15/02/330.3%
224Merck Financial Services GmbH 0.875% 05/07/310.3%
225Takeda Pharmaceutical Co Ltd 1.375% 09/07/320.3%
226Booking Holdings Inc 3.875% 21/03/450.3%
227Heathrow Funding Ltd 1.875% 14/03/340.3%
228Aedifica SA 0.75% 09/09/310.2%
229Verizon Communications Inc 1.3% 18/05/330.2%
230Eurogrid GmbH 0.741% 21/04/330.2%
231BMW Finance NV 3.25% 20/05/310.2%
232Toyota Motor Credit Corp 3.125% 20/04/320.2%
233Nestle Finance International Ltd 1.25% 29/03/310.2%
234BPCE SA VAR 27/02/390.0%
235ASR Nederland NV VAR 02/05/490.0%
236Mercialys SA 2.5% 28/02/290.0%
237Sampo Oyj VAR 23/05/490.0%
238Vinci SA 1.625% 18/01/290.0%
239Openbank Deutschland AG 4.375% 13/09/270.0%
240BNP Paribas SA VAR 01/09/280.0%
241Cash and/or Derivatives-0.4%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 26% of similar ETFs💰 All-in cost cheaper than 6%📈 Higher 1-yr return than 48%📈 Higher 3-yr return than 89%📊 Behind its category by 0.0% (1-yr) (category average -0.9%)📊 Beat its category by 1.6% (3-yr) (category average +2.4%)

Versus the Bonds · Europe · EUR ETFs we track.

Advanced risk

1.94
Sortino (3y) ?
1.29
Calmar (3y) ?
2.4%
Downside deviation ?
50%
Up months (hit rate) ?
€5.77
52-week high ?
€5.59
52-week low ?

Concentration depth

~183 ?
Effective number of holdings

Roughly 241 companies are held, but the largest names carry most of the weight — so it behaves like ~183 equal-sized positions.

Estimated fund flows

−€500,000
Estimated net flow, last 3 months

Estimated from fund-size changes.

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Matched on🌍 Europe bonds
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Index trackedBloomberg Euro Corporate IndexBloomberg Barclays Euro Corporate Bond IndexMarkit iBoxx Euro Liquid High Yield IndexBloomberg MSCI Euro Corporate ESG SRI IndexMarkit iBoxx Euro Liquid High Yield IndexBloomberg MSCI ESG Euro Corporate 1-5 Year Select IndexBloomberg MSCI ESG Euro Corporate 1-5 Year Select Hedged USD
Yearly fee (TER)0.19%0.11%0.55%0.16%0.55%0.20%0.22%
All-in cost0.34%0.11%0.55%0.16%0.55%0.20%0.22%
Fund size€34.6M€16.3B€8.7B€7B€6.5B€6.4B€6.4B
DomicileIrelandIrelandIrelandIrelandIrelandLULU
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+4.0%+5.4%+4.7%+3.6%
5-yr return p.a.+0.8%+0.1%
# holdings2414,1566753,2226751,8561,856

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Data as of 2026-10-07 · Source: issuer data, compiled by Finance Hamster

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