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Invesco US Treasury Bond 10+ Year UCITS ETF Dist

Invesco · IE00BKWD3743

Invesco US Treasury Bond 10+ Year UCITS ETF Dist is an exchange-traded fund (ETF) from Invesco, traded under the ticker TREL (ISIN IE00BKWD3743). 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 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 ≈ 21.5%), your money is diversified rather than concentrated in a handful of names. Geographically it leans ~99.8% United States. Its heaviest sectors are ~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. It is a distributing share class — dividends are paid to you as cash rather than reinvested, and over the last year it paid out roughly 1.3% (its trailing yield). 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 9.4% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2022, 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 ?Distributing ?Physical ?Ireland ?
Low yearly feePays cash dividendsOwns the shares directlyUnited StatesBroadly spread
Fund size (AUM) ?
€162M
Risk level (SRI) ?
4 / 7 · Medium
1-year return ?
+1.2%
Total return · to 2026-07-08
Dividend yield
1.30%
Trailing 12 months
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 pays dividends out to you as cash, usually a few times a year.

Read more

You get the dividends as cash you can spend or move elsewhere, which some people like for a sense of income. If you would rather it compounded, you buy more units yourself — it will not reinvest on its own the way an accumulating version does. The same fund is often sold in both versions; what it holds underneath is identical.

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.

Read more

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
Oct 2022
4-year track record
Recommended holding period
7 years

Bond details

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

Performance

75.583.892.1100109202220242026

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

Invesco US Treasury Bond 10+ Year UCITS ETF Dist

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

YTD-0.8%
1 year+1.2%
3 years-5.5%

Return, year by year

-4.6
-5.2
-9.4
-0.8
'23'24'25'26
0 of 4 up yearsBest: 2026 -0.8%Worst: 2025 -9.4%Calendar-year total returns, in USD

How bumpy has it been?

9.4%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-19.6%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
-0.44
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

Dividend history

This fund pays its dividends out to you (Annual). Recent payments per share:

Ex-dateAmount / share
2025-03-13€0.046

What's inside

The 10 biggest holdings make up 21.5% 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% 15/02/552.3%
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
LSETRELUSD★ Primary
CHF listings
SIXTRELCHF
EUR listings
Borsa ItalianaTRELEUR
FrankfurtTRDLEUR
USD listings
B3TRELLUSD
E1TRELEURUSD
E1TRELUSDUSD
E1TRELGBXUSD
EBTRELLUSD
EOTRELGBXUSD
EOTRELUSDUSD
EPTRELEURUSD
EPTRELUSDUSD
EUTRELUSDUSD
EUTRELGBXUSD
EUTRELEURUSD
EZTRELEURUSD
EZTRELUSDUSD
GDTRDLUSD
GFTRDLUSD
GMTRDLUSD
GSTRDLUSD
GTTRDLUSD
GZTRDLUSD
IXTRELLUSD
L1TRELLUSD
L3TRELLUSD
LATRDLUSD
London Stock ExchangeTRELUSD
LSETRLXUSD
LUTRDLUSD
POTRELLUSD
QTTRDLUSD
QXTRELLUSD
S1TRLXLUSD
S1TRELZUSD
S1TRELMUSD
S1TRELLUSD
S1TRDLDUSD
S4TRDLDUSD
S4TRELMUSD
SETRELUSD
THTRDLUSD
X1TRELEURUSD
X1TRELGBXUSD
X1TRELUSDUSD
X2TRELUSDUSD
X2TRELGBXUSD
X2TRELEURUSD
X9TRELEURUSD
XATRELEURUSD
XATRELGBXUSD
XATRELUSDUSD
XETRELUSDUSD
XETRELGBXUSD
XETRELEURUSD
XFTRELEURUSD
XFTRELGBXUSD
XFTRELUSDUSD
XGTRELUSDUSD
XGTRELGBXUSD
XGTRELEURUSD
XHTRELEURUSD
XHTRELGBXUSD
XHTRELUSDUSD
XJTRELUSDUSD
XJTRELGBXUSD
XJTRELEURUSD
XLTRELEURUSD
XLTRELGBXUSD
XLTRELUSDUSD
XOTRELUSDUSD
XOTRELGBXUSD
XOTRELEURUSD
XQTRELEURUSD
XQTRELGBXUSD
XQTRELUSDUSD
XSTRELEURUSD
XTTRELEURUSD
XUTRELUSDUSD
XUTRELGBXUSD
XUTRELEURUSD
XVTRELEURUSD
XVTRELGBXUSD
XVTRELUSDUSD
XWTRELUSDUSD
XWTRELGBXUSD
XWTRELEURUSD
XXTRELEURUSD
XXTRELGBXUSD
XXTRELUSDUSD
XYTRELUSDUSD
XYTRELGBXUSD
XYTRELEURUSD
XZTRELEURUSD
XZTRELGBXUSD
XZTRELUSDUSD
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-08 · the fund's own published holdings.

#CompanyWeight
1US TSY N/B 4.75% 15/02/562.3%
2US TSY N/B 4.625% 15/02/552.3%
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 3.625% 15/05/531.5%
14US TSY N/B 3.625% 15/02/531.5%
15US TSY N/B 2.375% 15/05/511.5%
16US TSY N/B 5% 15/05/561.5%
17US TSY N/B 4.75% 15/02/451.4%
18US TSY N/B 2% 15/11/411.4%
19US TSY N/B 1.75% 15/08/411.4%
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 2.25% 15/02/521.3%
32US TSY N/B 4.625% 15/05/441.3%
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 3.375% 15/11/481.2%
37US TSY N/B 3.875% 15/05/431.2%
38US TSY N/B 4% 15/11/421.2%
39US TSY N/B 2.375% 15/02/421.2%
40US TSY N/B 3.875% 15/02/431.2%
41US TSY N/B 1.875% 15/11/511.1%
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 1.125% 15/08/401.0%
51US TSY N/B 2.25% 15/08/491.0%
52US TSY N/B 2% 15/02/501.0%
53US TSY N/B 1.25% 15/05/500.9%
54US TSY N/B 2.875% 15/05/490.9%
55US TSY N/B 2.375% 15/11/490.9%
56US TSY N/B 3% 15/02/480.9%
57US TSY N/B 5% 15/05/460.9%
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 2.25% 15/08/460.7%
67US TSY N/B 2.875% 15/05/430.7%
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 3% 15/05/470.5%
78US TSY N/B 4.75% 15/02/410.5%
79US TSY N/B 4.625% 15/02/400.4%
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 Derivatives0.1%
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 60%📈 Higher 1-yr return than 23%📈 Higher 3-yr return than 0%📊 Behind its category by 2.7% (1-yr) (category average +3.9%)📊 Behind its category by 6.6% (3-yr) (category average +1.1%)

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

Advanced risk

-0.60
Sortino (3y) ?
-0.28
Calmar (3y) ?
6.7%
Downside deviation ?
42%
Up months (hit rate) ?
$3.82
52-week high ?
$3.49
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
Compare side by side
6 similar funds
Invesco US Treasury Bond 10+ Year UCITS ETF DistInvescoYou're viewingiShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader matchiShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader matchSchwab U.S. TIPS ETFSchwabBroader matchiShares $ Treasury Bond 3-7yr UCITS ETFiSharesBroader matchSchwab Intermediate-Term U.S. Treasury ETFSchwabBroader matchSchwab Short-Term U.S. Treasury ETFSchwabBroader match
Why it's similarThis is the fund on this page.
BondsPhysical
Tracks a different index in the same category.
BondsDistributingPhysical
Tracks a different index in the same category.
BondsPhysicalCheaper fee
Tracks a different index in the same category.
BondsPhysical
Tracks a different index in the same category.
BondsPhysicalCheaper fee
Tracks a different index in the same category.
BondsPhysicalCheaper fee
Tracks a different index in the same category.
Index trackedBloomberg US Long Treasury IndexICE U.S. Treasury 1-3 Year Bond IndexICE U.S. Treasury 1-3 Year Bond IndexICE U.S. Treasury 3-7 Year Bond Index
Yearly fee (TER)0.06%0.10%0.10%0.03%0.10%0.03%0.03%
All-in cost0.06%0.10%0.10%0.00%0.10%0.00%0.00%
Fund size€162M€14.8B€14.8B€14.4B€12.8B€11.7B€11.1B
DomicileIrelandIrelandIrelandUnited StatesIrelandUnited StatesUnited States
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.-5.5%+2.1%+0.2%-0.2%+0.1%
5-yr return p.a.-0.1%-3.6%-3.0%-1.2%
# holdings1009797499310297

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Data as of 2026-07-08 · Source: issuer data, compiled by Finance Hamster

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