ETF · Invesco
AT1D Invesco USD AT1 CoCo Bond UCITS ETF USD
ISIN IE00BG0TQB18London Stock Exchange: AT1DInvesco Ltd.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£14.21
on
- Ongoing charge
- 0.39% a year
- Fund size
- £55.5m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, AT1D (Invesco USD AT1 CoCo Bond UCITS ETF USD, ISIN IE00BG0TQB18) closed at £14.21 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +15.6%, or −9.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +2.0%
- −1.6% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +23.4%
- +11.5% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +15.6%
- −9.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,156 on 13/11/2026 — about £902 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 −4.5%, 2023 −9.3%, 2024 +6.3%, 2025 −4.1%; 2026 to 13/11/2026 −1.2%. Returns of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.5%; to 30/09/2025: +1.8%; to 30/09/2024: +2.2%; to 30/09/2023: −12.4%; to 30/09/2022: −3.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.2% | −4.4% | |
| to | −4.1% | −7.4% | |
| to | +6.3% | +2.7% | |
| −9.3% | −12.9% | ||
| −4.5% | −12.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.5% | −5.9% |
| from | +1.8% | −2.1% |
| from | +2.2% | −0.4% |
| from | −12.4% | −17.6% |
| from | −3.9% | −11.7% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
10.8%over 5 years
| 1 year | 6.1% |
|---|---|
| 3 years | 6.9% |
| 5 years | 10.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −23.6%
- From to
- Lowest 12-month return
- −18.8%
- 12 months to
- Highest 12-month return
- +13.0%
- 12 months to
- Below its highest weekly close since November 2021
- 14.8%
- High of , latest
In words: Volatility of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 6.1% over 1 year, 6.9% over 3 years, 10.8% over 5 years. Largest fall in the price of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD since November 2021, in pounds: −23.6% from 23/09/2022 to 24/03/2023. The lowest 12-month return of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −18.8% (12 months to 12/05/2023); the highest was +13.0% (12 months to 22/03/2024). On 13/11/2026 the price of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD was 14.8% below its highest weekly close since November 2021 (23/09/2022), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.39%
- a year
- On £10,000
- £39
- a year, roughly
- Over five years
- £193
- of £10,000, before growth
- 319 charge less
- 6 the same
- 102 charge more
Ongoing charge of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD 0.39% a year. Compared on 14/11/2026, 102 of the 427 other corporate and other bond funds charge more, 6 the same and 319 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2018.
It tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 8% Issuer Cap Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- AT1D
- ISIN
- IE00BG0TQB18
- Provider
- Invesco
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.39% a year · about £39 on £10,000
- Fund size
- £55.5m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £14.74 on 14/11/2025 to £14.21 on 13/11/2026 (−3.6%). The lowest close shown was £13.79 on 23/10/2026 and the highest £14.79 on 21/11/2025.
One close a week. Before 04/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
260 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 95
- on record
- Ten largest
- 20.5%
- of the whole fund
- Effective number of holdings
- 77
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.4%
- Barclays PLC VAR 15/12/74 (US06738EBX22)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Barclays PLC VAR 15/12/74 (US06738EBX22) | 2.39% |
| 2 | Banco Santander SA VAR 01/11/74 | 2.34% |
| 3 | Banco Santander SA VAR 21/02/75 (US05971KAQ22) | 2.32% |
| 4 | Barclays PLC VAR 15/03/75 | 2.21% |
| 5 | Lloyds Banking Group PLC VAR 27/06/74 | 1.92% |
| 6 | Deutsche Bank AG VAR 30/04/75 | 1.91% |
| 7 | Credit Agricole SA VAR 23/12/74 (USF2280BAC03) | 1.87% |
| 8 | Banco Santander SA VAR 21/02/75 (US05971KAP49) | 1.84% |
| 9 | Credit Agricole SA VAR 23/12/74 (USF2280BAA47) | 1.83% |
| 10 | Sumitomo Mitsui Financial Group In VAR 05/06/74 (US86562MDW73) | 1.83% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States92.5%
- Switzerland0.3%
- Not classified7.2%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 95 largest.
All holdings
The fund publishes 95 holdings; the ten largest make up 20.5% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
3 funds track Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 8% Issuer Cap Index, this one included and share classes counted once; their ongoing charges range from 0.39% to 0.39% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco USD AT1 CoCo Bond UCITS ETFAccumulating · 0.39% a year | 0.39% | +2.0% | +23.4% | +15.6% |
| Invesco USD AT1 CoCo Bond UCITS ETF Hedged GBPDistributing · Currency hedged · 0.39% a year | 0.39% | +2.6% | +29.5% | +10.5% |
| Invesco USD AT1 CoCo Bond UCITS ETF USDThis fundDistributing · 0.39% a year | 0.39% | +2.0% | +23.4% | +15.6% |
As of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 251 rolling 12-month returns since January 2021, and of 147 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (153 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of AT1D?
The ongoing charge of AT1D is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Markets II PLC - Invesco USD AT1 CoCo Bond UCITS ETF USD 0.39% a year. Compared on 14/11/2026, 102 of the 427 other corporate and other bond funds charge more, 6 the same and 319 less (share classes counted once).
What does AT1D track?
AT1D tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 8% Issuer Cap Index.
Is AT1D accumulating or distributing?
AT1D is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of AT1D?
The ISIN of AT1D is IE00BG0TQB18. An ISIN identifies one exact share class of a fund; AT1D is its ticker on the London Stock Exchange.
What does AT1D hold?
The latest published holdings of AT1D are dated 14/05/2026, more than three months older than the manager’s other lists. The fund’s portfolio today may differ. Its ten largest holdings are Barclays PLC VAR 15/12/74 (US06738EBX22) (2.39%), Banco Santander SA VAR 01/11/74 (2.34%), Banco Santander SA VAR 21/02/75 (US05971KAQ22) (2.32%), Barclays PLC VAR 15/03/75 (2.21%), Lloyds Banking Group PLC VAR 27/06/74 (1.92%), Deutsche Bank AG VAR 30/04/75 (1.91%), Credit Agricole SA VAR 23/12/74 (USF2280BAC03) (1.87%), Banco Santander SA VAR 21/02/75 (US05971KAP49) (1.84%), Credit Agricole SA VAR 23/12/74 (USF2280BAA47) (1.83%) and Sumitomo Mitsui Financial Group In VAR 05/06/74 (US86562MDW73) (1.83%).
What were AT1D’s returns in each of the last five years?
Calendar-year returns of AT1D in pounds (price only, income paid out not included): 2022 −4.5%, 2023 −9.3%, 2024 +6.3%, 2025 −4.1%; 2026 to 13/11/2026 −1.2%. Past performance is not a guide to future returns.
How has AT1D done after inflation?
Over the five years to 13/11/2026 AT1D’s total return was +15.6%, or −9.8% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.