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Invesco EUR AT1 CoCo Bond UCITS ETF USD Hdg Acc

Invesco · IE000WQJ37B1

Invesco EUR AT1 CoCo Bond UCITS ETF USD Hdg Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker EATU (ISIN IE000WQJ37B1). 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. It follows the iBoxx EUR Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index, Total Return (EUR) index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include Banco Santander SA VAR 20/08/74, Banco Santander SA VAR 02/10/74 and Credit Agricole SA VAR 23/03/75. With about 97 holdings (the ten largest ≈ 17.8%), your money is diversified rather than concentrated in a handful of names. 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 0.39% a year — about €39 a year on a €10,000 holding, taken automatically from the fund; counting the trading costs inside the fund, the all-in figure is around 0.55%. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors, trades in USD and is currency-hedged against exchange-rate swings. On the standard KID risk scale it is rated 3 out of 7 and its price has swung about 4.5% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2026, 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 iBoxx EUR Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index, Total Return (EUR) index ?

Bond ?Accumulating ?Physical ?Ireland ?

Mid-range feeReinvests dividendsOwns the shares directlyOtherBroadly spread

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Fund size (AUM) ?

€51.2M

Risk level (SRI) ?

3 / 7 · Medium

Yearly fee (TER) ?

0.39%

All-in cost ≈ 0.55%

About this fund

What you own

The iBoxx EUR Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index, Total Return (EUR) index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 97 companies across Other in a single purchase.

Dividends

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

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).

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

0.39%Yearly fee (TER)

0.55%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.

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 ?

iBoxx EUR Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index, Total Return (EUR)

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Jan 2026

Recommended holding period

7 years

Bond details

Inflation-linked ?

No — nominal (fixed) payouts

Performance

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

Invesco EUR AT1 CoCo Bond UCITS ETF USD Hdg Acc

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

How bumpy has it been?

4.5%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-3.7%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

The bigger picture

+2.7%

Since inception

Total growth since the fund launched.

-3.7%

Worst fall on record ?

It clawed back in about 1 month.

What's inside

The 10 biggest holdings make up 16.6% of the fund — the rest is spread across roughly 62 more companies.

Top 10 holdings

#	Company	Weight
1	Banco Santander SA VAR 20/08/74	2.1%
2	Banco Santander SA VAR 02/10/74	2.0%
4	Barclays PLC VAR 15/12/74	1.9%
5	BNP Paribas SA VAR 11/06/75	1.7%
7	Credit Agricole SA VAR 23/03/75	1.7%
8	BNP Paribas SA VAR 16/08/74	1.6%
9	HSBC Holdings PLC VAR 04/01/75	1.6%
11	Societe Generale SA VAR 17/03/75	1.4%
14	KBC Group NV VAR 05/03/75	1.3%
15	Societe Generale SA VAR 18/07/75	1.3%

Where to buy this fund

Where you live:

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

Where it trades

Exchange	Ticker	Currency
LSE	EATU	USD	★ Primary
USD listings
E1	EATUUSD	USD
EO	EATUUSD	USD
EU	EATUUSD	USD
London Stock Exchange	EATU	USD
X1	EATUUSD	USD
X2	EATUUSD	USD
XA	EATUUSD	USD
XF	EATUUSD	USD
XG	EATUUSD	USD
XH	EATUUSD	USD
XJ	EATUUSD	USD
XL	EATUUSD	USD
XO	EATUUSD	USD
XQ	EATUUSD	USD
XT	EATUUSD	USD
XU	EATUUSD	USD
XV	EATUUSD	USD
XW	EATUUSD	USD
XX	EATUUSD	USD
XY	EATUUSD	USD
XZ	EATUUSD	USD

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-17 · the fund's own published holdings.

#	Company	Weight
1	Banco Santander SA VAR 20/08/74	2.1%
2	Banco Santander SA VAR 02/10/74	2.0%
4	Barclays PLC VAR 15/12/74	1.9%
5	BNP Paribas SA VAR 11/06/75	1.7%
7	Credit Agricole SA VAR 23/03/75	1.7%
8	BNP Paribas SA VAR 16/08/74	1.6%
9	HSBC Holdings PLC VAR 04/01/75	1.6%
11	Societe Generale SA VAR 17/03/75	1.4%
14	KBC Group NV VAR 05/03/75	1.3%
15	Societe Generale SA VAR 18/07/75	1.3%
19	CaixaBank SA VAR 16/04/75	1.3%
21	Banco Bilbao Vizcaya Argentaria SA VAR 13/09/74	1.3%
22	Banco Bilbao Vizcaya Argentaria SA VAR 21/09/74	1.3%
23	BNP Paribas SA VAR 06/06/75	1.3%
26	CaixaBank SA VAR 24/04/75	1.3%
27	Banco de Sabadell SA VAR 20/08/74	1.2%
28	KBC Group NV VAR 27/11/74	1.2%
29	CaixaBank SA VAR 09/01/75	1.2%
30	ABN AMRO Bank NV VAR 22/03/75	1.2%
31	Intesa Sanpaolo SpA VAR 11/07/75	1.2%
33	Banco Bilbao Vizcaya Argentaria SA VAR 11/02/75	1.2%
34	Banco Santander SA VAR 12/08/74	1.2%
35	UniCredit SpA VAR 03/06/75	1.2%
36	Cooperatieve Rabobank UA VAR 29/06/75	1.2%
37	Banco Santander SA VAR 21/12/74	1.1%
39	Intesa Sanpaolo SpA VAR 26/11/74	1.0%
40	Cash and/or Derivatives	1.0%
41	ABN AMRO Bank NV VAR 22/09/74	1.0%
42	BPER Banca SPA VAR 19/03/75	1.0%
43	BPER Banca SPA VAR 26/09/74	1.0%
44	Societe Generale SA VAR 13/08/74	1.0%
45	UniCredit SpA VAR 03/12/74	1.0%
46	Credit Agricole SA VAR 23/12/74	1.0%
47	Intesa Sanpaolo SpA VAR 07/03/75	0.9%
48	AIB Group PLC VAR 14/07/75	0.9%
50	Banco de Sabadell SA VAR 18/04/75	0.9%
51	Erste Group Bank AG VAR 15/04/75	0.9%
52	CaixaBank SA VAR 13/06/75	0.9%
54	AIB Group PLC VAR 30/10/74	0.9%
55	BAWAG Group AG VAR 18/03/75	0.9%
59	Bank of Ireland Group PLC VAR 10/03/75	0.8%
60	KBC Group NV VAR 17/03/75	0.8%
61	Landesbank Baden-Wuerttemberg VAR 15/04/75	0.8%
62	Bank of Ireland Group PLC VAR 18/09/74	0.8%
63	Belfius Bank SA VAR 06/05/75	0.8%
65	Bankinter SA VAR 30/09/74	0.8%
66	Raiffeisen Bank International AG VAR 15/12/74	0.8%
67	NYKREDIT REALKREDIT A/S VAR 24/08/74	0.8%
68	DEUTSCHE BANK AG VAR 30/10/74	0.8%
69	Abanca Corp Bancaria SA VAR 19/12/74	0.8%
70	Eurobank SA VAR 10/05/75	0.8%
73	National Bank of Greece SA VAR 12/08/74	0.8%
74	Raiffeisen Bank International AG VAR 15/06/75	0.8%
75	Banco de Sabadell SA VAR 19/02/75	0.8%
76	Piraeus Bank SA VAR 15/04/75	0.8%
77	CaixaBank SA VAR 25/12/74	0.8%
78	Unicaja Banco SA VAR 18/08/74	0.8%
79	Commerzbank AG VAR 09/04/75	0.8%
81	Cooperatieve Rabobank UA VAR 29/12/74	0.8%
84	CaixaBank SA VAR 14/12/74	0.8%
85	La Banque Postale SA VAR 20/05/75	0.8%
87	Intesa Sanpaolo SpA VAR 27/08/74	0.7%
88	Intesa Sanpaolo SpA VAR 20/11/74	0.7%
89	FinecoBank Banca Fineco SpA VAR 11/09/74	0.6%
90	BPER Banca SPA VAR 16/07/75	0.6%
91	Intesa Sanpaolo SpA VAR 01/03/75	0.6%
92	BPER Banca SPA VAR 20/03/75	0.6%
93	Eurobank SA VAR 04/12/74	0.6%
94	Intesa Sanpaolo SpA VAR 30/09/74	0.6%
95	Intesa Sanpaolo SpA VAR 17/08/74	0.6%
96	Deutsche Bank AG VAR 30/04/75	0.4%
97	Erste Group Bank AG VAR 15/10/74	0.4%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 8% of similar ETFs💰 All-in cost cheaper than 3%

Versus the Bonds · Other · USD ETFs we track.

Advanced risk

2.7%

Downside deviation ?

83%

Up months (hit rate) ?

$5.27

52-week high ?

$4.97

52-week low ?

Concentration depth

~87 ?

Effective number of holdings

Roughly 97 companies are held, but the largest names carry most of the weight — so it behaves like ~87 equal-sized positions.

Documents

📄 KID (PDF)

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🌍 Other bonds

Compare side by side

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Why it's similar	This is the fund on this page.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	BondsAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	BondsAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	BondsAccumulatingPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	iBoxx EUR Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index, Total Return (EUR)	S&P High Yield Dividend Aristocrats Index
Yearly fee (TER)	0.39%	0.35%	0.11%	0.10%	0.09%	0.10%	0.10%
All-in cost	0.55%	0.00%	0.11%	0.10%	0.00%	0.10%	0.00%
Fund size	€51.2M	€19B	€16.4B	€14.8B	€14.2B	€12.8B	€12.5B
Domicile	Ireland	United States	Ireland	Ireland	Ireland	Ireland	Ireland
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.		+7.0%	+5.6%		+4.8%		+2.5%
5-yr return p.a.		+4.8%	+0.9%		+0.2%		+0.0%
# holdings	97	158	4,156	97	4,156	93	97

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Data as of 2026-07-17 · Source: issuer data, compiled by Finance Hamster

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