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Invesco US High Yield Fallen Angels UCITS ETF GBP Hdg Acc

Invesco · IE00BYVTN047

Invesco US High Yield Fallen Angels UCITS ETF GBP Hdg Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker FAGB (ISIN IE00BYVTN047). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single 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 FTSE Time-Weighted US Fallen Angel Bond Select Index index — the passive, low-cost approach, and its largest holdings include GFL Environmental Inc 6.75% 15/01/31, Six Flags Entertainment Corp /Six 6.625% 01/05/32 and CVS Health Corp VAR 10/03/55. With about 77 holdings (the ten largest ≈ 32.7%), your money is diversified rather than concentrated in a handful of names. By geography it is weighted towards ~99.9% United States. 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 0.5% a year — about €50 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 0.83%. 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 GBP and is currency-hedged against exchange-rate swings. On the standard KID risk scale it is rated 2 out of 7 and its price has swung about 113% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2017, and its KID suggests a holding period of 5 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 FTSE Time-Weighted US Fallen Angel Bond Select Index index ?

Bond ?Accumulating ?Physical ?Ireland ?

Mid-range feeReinvests dividendsOwns the shares directlyUnited States

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Invesco funds Domiciled in Ireland Accumulating Physically replicated United States bonds Yearly fee under 0.5%

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Fund size (AUM) ?

€78.4M

Risk level (SRI) ?

2 / 7 · Low

1-year return ?

-98.9%

Total return · to 2026-07-17

Yearly fee (TER) ?

0.50%

All-in cost ≈ 0.83%

About this fund

What you own

The FTSE Time-Weighted US Fallen Angel Bond Select Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 77 companies across United States 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

0.50%Yearly fee (TER)

0.83%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 ?

FTSE Time-Weighted US Fallen Angel Bond Select Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Oct 2017

9-year track record

Recommended holding period

5 years

Bond details

Credit quality ?

High Yield

Inflation-linked ?

No — nominal (fixed) payouts

Performance

Growth of £100 invested — both lines start at £100.

Invesco US High Yield Fallen Angels UCITS ETF GBP Hdg Acc Average FTSE Time-Weighted US Fallen Angel Bond Select Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD-99.0%

1 year-98.9%

3 years-77.0%

5 years-59.6%

Return, year by year

-15.1

+9.0

+4.5

+9.3

'22'23'24'25

3 of 4 up yearsBest: 2025 +9.3%Worst: 2022 -15.1%Calendar-year total returns, in GBP

How bumpy has it been?

113.0%

Volatility (1y) ?

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

-99.0%

Worst drop (3y) ?

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

-1.29

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

-98.9%

Since inception

Total growth since launch — about -59.3% a year.

+15.7%

Best 12 months

The strongest one-year stretch on record.

-99.0%

Worst 12 months

The weakest one-year stretch on record.

-99.0%

Worst fall on record ?

It has not fully recovered yet.

What's inside

The 10 biggest holdings make up 32.7% of the fund — the rest is spread across roughly 67 more companies.

Top 10 holdings

#	Company	Weight
1	GFL Environmental Inc 6.75% 15/01/31	5.0%
2	Six Flags Entertainment Corp /Six 6.625% 01/05/32	4.7%
3	CVS Health Corp VAR 10/03/55	4.0%
4	VF Corp 2.95% 23/04/30	3.4%
5	Constellation Insurance Inc 6.8% 24/01/30	2.9%
6	Fluor Corp 4.25% 15/09/28	2.8%
7	Alcoa Nederland Holding BV 4.125% 31/03/29	2.7%
8	Kohl's Corp 5.125% 01/05/31	2.5%
9	Huntsman International LLC 4.5% 01/05/29	2.5%
10	Perrigo Finance Unlimited Co 5.15% 15/06/30	2.3%

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	FAGB	GBP	★ Primary
CHF listings
SIX	FAGB	CHF
EUR listings
Frankfurt	VUB2	EUR
GBP listings
B2	FAGB	GBP
B3	FAGBZ	GBP
B4	FAGBGBX	GBP
E1	FAGBEUR	GBP
E1	FAGBGBX	GBP
EP	FAGBGBX	GBP
EU	FAGBGBX	GBP
EU	FAGBEUR	GBP
EZ	FAGBGBX	GBP
GM	VUB2	GBP
L1	FAGBZ	GBP
L3	FAGBZ	GBP
London Stock Exchange	FAGB	GBP
PO	FAGBZ	GBP
SE	FAGB	GBP
T2	FAGB	GBP
WT	FAGB	GBP
X2	FAGBGBX	GBP
X2	FAGBEUR	GBP
X9	FAGBEUR	GBP
XA	FAGBEUR	GBP
XA	FAGBGBX	GBP
XB	FAGBGBX	GBP
XB	FAGBEUR	GBP
XE	FAGBEUR	GBP
XE	FAGBGBX	GBP
XF	FAGBEUR	GBP
XF	FAGBGBX	GBP
XG	FAGBGBX	GBP
XG	FAGBEUR	GBP
XH	FAGBEUR	GBP
XH	FAGBGBX	GBP
XJ	FAGBEUR	GBP
XJ	FAGBGBX	GBP
XL	FAGBGBX	GBP
XL	FAGBEUR	GBP
XO	FAGBEUR	GBP
XO	FAGBGBX	GBP
XS	FAGBEUR	GBP
XS	FAGBGBX	GBP
XU	FAGBGBX	GBP
XU	FAGBEUR	GBP
XV	FAGBEUR	GBP
XV	FAGBGBX	GBP
XW	FAGBEUR	GBP
XW	FAGBGBX	GBP
XX	FAGBEUR	GBP
XX	FAGBGBX	GBP

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	GFL Environmental Inc 6.75% 15/01/31	5.0%
2	Six Flags Entertainment Corp /Six 6.625% 01/05/32	4.7%
3	CVS Health Corp VAR 10/03/55	4.0%
4	VF Corp 2.95% 23/04/30	3.4%
5	Constellation Insurance Inc 6.8% 24/01/30	2.9%
6	Fluor Corp 4.25% 15/09/28	2.8%
7	Alcoa Nederland Holding BV 4.125% 31/03/29	2.7%
8	Kohl's Corp 5.125% 01/05/31	2.5%
9	Huntsman International LLC 4.5% 01/05/29	2.5%
10	Perrigo Finance Unlimited Co 5.15% 15/06/30	2.3%
11	Brandywine Operating Partnership L 3.95% 15/11/27	2.0%
12	Nordstrom Inc 5% 15/01/44	1.9%
13	Nissan Motor Co Ltd 4.81% 17/09/30	1.8%
14	Advance Auto Parts Inc 3.9% 15/04/30	1.7%
15	Brandywine Operating Partnership L 8.3% 15/03/28	1.7%
16	Nissan Motor Co Ltd 4.345% 17/09/27	1.7%
17	Kohl's Corp 5.55% 17/07/45	1.6%
18	Whirlpool Corp 4.75% 26/02/29	1.5%
19	Hudson Pacific Properties LP 4.65% 01/04/29	1.5%
20	Brandywine Operating Partnership L 4.55% 01/10/29	1.5%
21	Newell Brands Inc 7.5% 01/04/46	1.5%
22	FMC Corp 5.65% 18/05/33	1.4%
23	FMC Corp 3.45% 01/10/29	1.4%
24	Newell Brands Inc 6.625% 15/09/29	1.4%
25	Hudson Pacific Properties LP 3.95% 01/11/27	1.4%
26	Discovery Global Holdings Inc 4.279% 15/03/32	1.4%
27	Advance Auto Parts Inc 1.75% 01/10/27	1.3%
28	Nordstrom Inc 4.375% 01/04/30	1.3%
29	FMC Corp 6.375% 18/05/53	1.3%
30	Huntsman International LLC 2.95% 15/06/31	1.3%
31	Hudson Pacific Properties LP 5.95% 15/02/28	1.2%
32	Resorts World Las Vegas LLC / RWLV 4.625% 06/04/31	1.2%
33	Crane NXT Co 4.2% 15/03/48	1.2%
34	Huntsman International LLC 5.7% 15/10/34	1.2%
35	Hudson Pacific Properties LP 3.25% 15/01/30	1.2%
36	FS KKR Capital Corp 3.125% 12/10/28	1.2%
37	CVS Health Corp VAR 10/12/54	1.1%
38	Newell Brands Inc 6.375% 15/09/27	1.1%
39	Advance Auto Parts Inc 5.95% 09/03/28	1.1%
40	Nordstrom Inc 4.25% 01/08/31	1.1%
41	FS KKR Capital Corp 6.125% 15/01/30	1.1%
42	Perrigo Finance Unlimited Co 4.9% 15/12/44	1.1%
43	Celanese US Holdings LLC 7.379% 15/07/32	1.0%
44	Celanese US Holdings LLC 7.7% 15/11/33	1.0%
45	Celanese US Holdings LLC 7.55% 15/11/30	1.0%
46	Advance Auto Parts Inc 3.5% 15/03/32	1.0%
47	Standard Industries Inc/NY 4.375% 15/07/30	1.0%
48	FMC Corp 4.5% 01/10/49	1.0%
49	Newell Brands Inc 7.375% 01/04/36	1.0%
50	FS KKR Capital Corp 6.875% 15/08/29	1.0%
51	Centene Corp 4.625% 15/12/29	0.9%
52	Celanese US Holdings LLC 7.33% 15/07/29	0.8%
53	FS KKR Capital Corp 3.25% 15/07/27	0.8%
54	Centene Corp 3% 15/10/30	0.8%
55	Centene Corp 3.375% 15/02/30	0.7%
56	Centene Corp 2.5% 01/03/31	0.7%
57	Celanese US Holdings LLC 7.35% 15/11/28	0.7%
58	Nordstrom Inc 6.95% 15/03/28	0.7%
59	Whirlpool Corp 4.5% 01/06/46	0.6%
60	FS KKR Capital Corp 7.875% 15/01/29	0.6%
61	Whirlpool Corp 4.6% 15/05/50	0.6%
62	Cash and/or Derivatives	0.6%
63	Nissan Motor Acceptance Co LLC 7.05% 15/09/28	0.6%
64	Standard Industries Inc/NY 4.75% 15/01/28	0.6%
65	Whirlpool Corp 5.5% 01/03/33	0.5%
66	Standard Industries Inc/NY 3.375% 15/01/31	0.5%
67	Centene Corp 2.625% 01/08/31	0.5%
68	Whirlpool Corp 4.7% 14/05/32	0.5%
69	Whirlpool Corp 5.75% 01/03/34	0.5%
70	Whirlpool Corp 2.4% 15/05/31	0.5%
71	FS KKR Capital Corp 6.125% 15/01/31	0.4%
72	Nissan Motor Acceptance Co LLC 2.75% 09/03/28	0.4%
73	Celanese US Holdings LLC 7.165% 15/07/27	0.4%
74	Nissan Motor Acceptance Co LLC 5.3% 13/09/27	0.3%
75	Nissan Motor Acceptance Co LLC 5.55% 13/09/29	0.2%
76	Centene Corp 2.45% 15/07/28	0.2%
77	Nissan Motor Acceptance Co LLC 2.45% 15/09/28	0.2%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 0% of similar ETFs💰 All-in cost cheaper than 0%📈 Higher 1-yr return than 0%📈 Higher 3-yr return than 0%📈 Higher 5-yr return than 0%📊 Behind its category by 101.6% (1-yr) (category average +2.7%)📊 Behind its category by 78.7% (3-yr) (category average +1.7%)📊 Behind its category by 59.5% (5-yr) (category average -0.1%)

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

Advanced risk

-1.29

Sortino (3y) ?

-0.78

Calmar (3y) ?

113.2%

Downside deviation ?

75%

Up months (hit rate) ?

£3,081.00

52-week high ?

£30.68

52-week low ?

Concentration depth

~51 ?

Effective number of holdings

Roughly 77 companies are held, but the largest names carry most of the weight — so it behaves like ~51 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🌍 United States bonds

Compare side by side

6 similar funds

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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.	BondsPhysicalCheaper fee 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.	BondsPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	FTSE Time-Weighted US Fallen Angel Bond Select Index	ICE U.S. Treasury 1-3 Year Bond Index				Bloomberg U.S. Intermediate Corporate Bond Index	ICE BofA US High Yield Index
Yearly fee (TER)	0.50%	0.10%	0.03%	0.03%	0.03%	0.04%	0.05%
All-in cost	0.83%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€78.4M	€14.8B	€14.4B	€11.7B	€11.1B	€10.1B	€10B
Domicile	Ireland	Ireland	United States	United States	United States	United States	United States
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	-77.0%	+2.1%	+0.2%	-0.2%	+0.1%	+1.2%	+0.6%
5-yr return p.a.	-59.6%	-0.1%	-3.6%	-3.0%	-1.2%	-2.0%	-2.7%
# holdings	77	97	49	102	97	5,195	1,929

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

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