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Invesco US Treasury Bond 10+ Year UCITS ETF Acc

Invesco · IE000GE4QIR1

Invesco US Treasury Bond 10+ Year UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker TRLP (ISIN IE000GE4QIR1). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread across its target market. Rather than a manager picking stocks, it simply replicates the Bloomberg US Long Treasury Index index — the passive, low-cost approach, and its largest holdings include US TSY N/B 4.75% 15/02/56, US TSY N/B 4.625% 15/02/55 and US TSY N/B 4.625% 15/05/54. With about 100 holdings (the ten largest ≈ 21.4%), your money is diversified rather than concentrated in a handful of names. Its biggest country exposures are ~99.8% United States. By industry it concentrates most in ~99.8% Government. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.06% a year — about €6 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 4 out of 7 and its price has swung about 8.7% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2024, and its KID suggests a holding period of 7 years. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Invesco.)

· Tracks the Bloomberg US Long Treasury Index index ?
Bond ?Accumulating ?Physical ?Ireland ?
Low yearly feeReinvests dividendsOwns the shares directlyUnited StatesBroadly spread
Fund size (AUM) ?
€163.3M
Risk level (SRI) ?
4 / 7 · Medium
1-year return ?
+5.7%
Total return · to 2026-07-20
Yearly fee (TER) ?
0.06%
All-in cost ≈ 0.06%

About this fund

What you own

The Bloomberg US Long Treasury Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 100 companies across United States 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

0.06%Yearly fee (TER)
0.06%All-in cost

The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.

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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 US Long Treasury Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Feb 2024
Recommended holding period
7 years

Bond details

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

Performance

90.494.999.5104109202420252026

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

Invesco US Treasury Bond 10+ Year 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+1.2%
1 year+5.7%

How bumpy has it been?

8.7%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-16.6%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.

The bigger picture

-9.6%
Since inception
Total growth since launch — about -4.1% a year.
+7.7%
Best 12 months
The strongest one-year stretch on record.
-11.1%
Worst 12 months
The weakest one-year stretch on record.
-16.6%
Worst fall on record ?
It has not fully recovered yet.

What's inside

The 10 biggest holdings make up 21.4% of the fund — the rest is spread across roughly 90 more companies.

Top 10 holdings

#CompanyWeight
1US TSY N/B 4.75% 15/02/562.3%
2US TSY N/B 4.625% 15/02/552.2%
3US TSY N/B 4.625% 15/05/542.2%
4US TSY N/B 4.625% 15/11/552.2%
5US TSY N/B 4.5% 15/11/542.2%
6US TSY N/B 4.75% 15/08/552.1%
7US TSY N/B 4.25% 15/08/542.1%
8US TSY N/B 4.75% 15/05/552.1%
9US TSY N/B 4.25% 15/02/542.0%
10US TSY N/B 4.75% 15/11/532.0%

Where to buy this fund

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

Where it trades

ExchangeTickerCurrency
LSETRLPUSD★ Primary
EUR listings
FrankfurtTRXLEUR
USD listings
B3TRLPLUSD
E1TRLPGBXUSD
E1TRLPUSDUSD
E1TRLPEURUSD
EBTRLPLUSD
EOTRLPEURUSD
EOTRLPGBXUSD
EOTRLPUSDUSD
EPTRLPGBXUSD
EUTRLPUSDUSD
EUTRLPEURUSD
EUTRLPGBXUSD
EZTRLPGBXUSD
GDTRXLUSD
GFTRXLUSD
GSTRXLUSD
GTTRXLUSD
IXTRLPLUSD
L1TRLPLUSD
L3TRLPLUSD
London Stock ExchangeTRLPUSD
LSETRLAUSD
MFTRLANUSD
MMTRLANUSD
MUTRLANUSD
POTRLPLUSD
QTTRXLUSD
S1TRXLDUSD
S1TRLPLUSD
S1TRLALUSD
S4TRXLDUSD
THTRXLUSD
X1TRLPUSDUSD
X1TRLPGBXUSD
X1TRLPEURUSD
X2TRLPEURUSD
X2TRLPGBXUSD
X2TRLPUSDUSD
XATRLPUSDUSD
XATRLPGBXUSD
XATRLPEURUSD
XFTRLPEURUSD
XFTRLPGBXUSD
XFTRLPUSDUSD
XGTRLPUSDUSD
XGTRLPGBXUSD
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XHTRLPEURUSD
XHTRLPGBXUSD
XHTRLPUSDUSD
XJTRLPUSDUSD
XJTRLPGBXUSD
XJTRLPEURUSD
XLTRLPEURUSD
XLTRLPGBXUSD
XLTRLPUSDUSD
XOTRLPEURUSD
XOTRLPGBXUSD
XOTRLPUSDUSD
XQTRLPUSDUSD
XQTRLPGBXUSD
XQTRLPEURUSD
XTTRLPEURUSD
XTTRLPGBXUSD
XTTRLPUSDUSD
XUTRLPUSDUSD
XUTRLPGBXUSD
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XVTRLPEURUSD
XVTRLPGBXUSD
XVTRLPUSDUSD
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XWTRLPGBXUSD
XWTRLPEURUSD
XXTRLPEURUSD
XXTRLPGBXUSD
XXTRLPUSDUSD
XYTRLPUSDUSD
XYTRLPGBXUSD
XYTRLPEURUSD
XZTRLPEURUSD
XZTRLPGBXUSD
XZTRLPUSDUSD
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-20 · the fund's own published holdings.

#CompanyWeight
1US TSY N/B 4.75% 15/02/562.3%
2US TSY N/B 4.625% 15/02/552.2%
3US TSY N/B 4.625% 15/05/542.2%
4US TSY N/B 4.625% 15/11/552.2%
5US TSY N/B 4.5% 15/11/542.2%
6US TSY N/B 4.75% 15/08/552.1%
7US TSY N/B 4.25% 15/08/542.1%
8US TSY N/B 4.75% 15/05/552.1%
9US TSY N/B 4.25% 15/02/542.0%
10US TSY N/B 4.75% 15/11/532.0%
11US TSY N/B 4.125% 15/08/531.7%
12US TSY N/B 4% 15/11/521.6%
13US TSY N/B 5% 15/05/561.5%
14US TSY N/B 3.625% 15/05/531.5%
15US TSY N/B 3.625% 15/02/531.5%
16US TSY N/B 1.75% 15/08/411.5%
17US TSY N/B 2.375% 15/05/511.5%
18US TSY N/B 4.75% 15/02/451.4%
19US TSY N/B 2% 15/11/411.4%
20US TSY N/B 5% 15/05/451.4%
21US TSY N/B 2% 15/08/511.4%
22US TSY N/B 4.875% 15/08/451.4%
23US TSY N/B 2.875% 15/05/521.4%
24US TSY N/B 4.5% 15/02/441.4%
25US TSY N/B 1.875% 15/02/511.4%
26US TSY N/B 4.75% 15/11/431.4%
27US TSY N/B 1.875% 15/02/411.4%
28US TSY N/B 3% 15/08/521.3%
29US TSY N/B 4.625% 15/02/461.3%
30US TSY N/B 4.125% 15/08/441.3%
31US TSY N/B 4.625% 15/05/441.3%
32US TSY N/B 2.25% 15/02/521.3%
33US TSY N/B 4.625% 15/11/451.3%
34US TSY N/B 4.625% 15/11/441.2%
35US TSY N/B 4.375% 15/08/431.2%
36US TSY N/B 1.875% 15/11/511.2%
37US TSY N/B 3.375% 15/11/481.2%
38US TSY N/B 3.875% 15/05/431.2%
39US TSY N/B 4% 15/11/421.2%
40US TSY N/B 2.375% 15/02/421.2%
41US TSY N/B 3.875% 15/02/431.2%
42US TSY N/B 1.625% 15/11/501.1%
43US TSY N/B 3% 15/02/491.1%
44US TSY N/B 3.25% 15/05/421.1%
45US TSY N/B 1.375% 15/11/401.1%
46US TSY N/B 3.375% 15/08/421.1%
47US TSY N/B 3% 15/08/481.0%
48US TSY N/B 1.375% 15/08/501.0%
49US TSY N/B 2.25% 15/05/411.0%
50US TSY N/B 2.875% 15/05/491.0%
51US TSY N/B 1.125% 15/08/401.0%
52US TSY N/B 2.25% 15/08/491.0%
53US TSY N/B 2% 15/02/501.0%
54US TSY N/B 5% 15/05/460.9%
55US TSY N/B 1.25% 15/05/500.9%
56US TSY N/B 2.375% 15/11/490.9%
57US TSY N/B 3% 15/02/480.9%
58US TSY N/B 3.125% 15/05/480.9%
59US TSY N/B 3.125% 15/08/440.8%
60US TSY N/B 1.125% 15/05/400.8%
61US TSY N/B 2.75% 15/11/470.7%
62US TSY N/B 3.625% 15/02/440.7%
63US TSY N/B 2.75% 15/08/470.7%
64US TSY N/B 2.5% 15/02/450.7%
65US TSY N/B 3.75% 15/11/430.7%
66US TSY N/B 2.875% 15/05/430.7%
67US TSY N/B 2.25% 15/08/460.7%
68US TSY N/B 3% 15/11/440.6%
69US TSY N/B 3.625% 15/08/430.6%
70US TSY N/B 3.375% 15/05/440.6%
71US TSY N/B 2.75% 15/11/420.6%
72US TSY N/B 3% 15/02/470.6%
73US TSY N/B 2.5% 15/02/460.6%
74US TSY N/B 3.125% 15/02/430.5%
75US TSY N/B 2.5% 15/05/460.5%
76US TSY N/B 2.875% 15/08/450.5%
77US TSY N/B 4.625% 15/02/400.5%
78US TSY N/B 3% 15/05/470.5%
79US TSY N/B 4.75% 15/02/410.5%
80US TSY N/B 3.125% 15/02/420.4%
81US TSY N/B 4.25% 15/11/400.4%
82US TSY N/B 4.375% 15/05/410.4%
83US TSY N/B 3.875% 15/08/400.4%
84US TSY N/B 4.5% 15/08/390.4%
85US TSY N/B 3% 15/05/450.4%
86US TSY N/B 4.375% 15/05/400.4%
87US TSY N/B 4.25% 15/05/390.4%
88US TSY N/B 3.75% 15/08/410.4%
89US TSY N/B 2.75% 15/08/420.4%
90US TSY N/B 4.375% 15/11/390.4%
91US TSY N/B 3.125% 15/11/410.3%
92US TSY N/B 4.5% 15/05/380.3%
93US TSY N/B 3% 15/11/450.3%
94US TSY N/B 3% 15/05/420.3%
95US TSY N/B 2.875% 15/11/460.3%
96US TSY N/B 3.5% 15/02/390.3%
97US TSY N/B 5% 15/05/370.2%
98US TSY N/B 4.375% 15/02/380.2%
99Cash and/or Derivatives0.2%
100US TSY N/B 4.75% 15/02/370.1%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 55% of similar ETFs💰 All-in cost cheaper than 61%📈 Higher 1-yr return than 89%📊 Beat its category by 2.5% (1-yr) (category average +3.1%)

Versus the Bonds · United States · EUR ETFs we track.

Advanced risk

6.0%
Downside deviation ?
42%
Up months (hit rate) ?
$4.30
52-week high ?
$3.93
52-week low ?

Concentration depth

~77 ?
Effective number of holdings

Roughly 100 companies are held, but the largest names carry most of the weight — so it behaves like ~77 equal-sized positions.

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 United States bonds
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Why it's similarThis is the fund on this page.
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BondsPhysicalCheaper fee
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BondsPhysicalCheaper fee
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BondsPhysicalCheaper fee
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Index trackedBloomberg US Long Treasury IndexICE U.S. Treasury 1-3 Year Bond IndexBloomberg U.S. Intermediate Corporate Bond IndexICE BofA US High Yield Index
Yearly fee (TER)0.06%0.10%0.03%0.03%0.03%0.04%0.05%
All-in cost0.06%0.10%0.00%0.00%0.00%0.00%0.00%
Fund size€163.3M€14.8B€14.4B€11.7B€11.1B€10.1B€10B
DomicileIrelandIrelandUnited StatesUnited StatesUnited StatesUnited StatesUnited States
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+2.1%+0.2%-0.2%+0.1%+1.2%+0.6%
5-yr return p.a.-0.1%-3.6%-3.0%-1.2%-2.0%-2.7%
# holdings1009749102975,1951,929

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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