# Invesco US High Yield Fallen Angels UCITS ETF (FAHY) **Page:** https://fundology.uk/fund/fahy · ISIN IE00BD0Q9673 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, FAHY (Invesco US High Yield Fallen Angels UCITS ETF, ISIN IE00BD0Q9673) closed at £15.59 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 13/11/2026 its total return was +9.4%, or −14.6% after UK CPIH inflation. ## Summary Invesco US High Yield Fallen Angels UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2016. It tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 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. Latest close: **£15.59** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FAHY | | ISIN | IE00BD0Q9673 | | Also listed as | HYFA (London Stock Exchange, US dollars) | | Category | Corporate & other bonds | | Type | ETF | | Provider | Invesco | | Tracks | FTSE Time-Weighted US Fallen Angel Bond Select Index | | Income | Distributing | | Ongoing charge | 0.45% a year (£45 per £10,000) | | Fund size | £53.0m | | Launched | 2016 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/09/2016 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -0.51% | -4.04% | income reinvested | | 3 years | +14.53% | +3.48% | income reinvested | | 5 years | +9.38% | -14.62% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco US High Yield Fallen Angels UCITS ETF in pounds (price only, income paid out not included): 2022 −8.6%, 2023 −2.8%, 2024 +0.8%, 2025 −5.9%; 2026 to 13/11/2026 −3.4%. Returns of Invesco US High Yield Fallen Angels UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.9%; to 30/09/2025: +0.4%; to 30/09/2024: −3.0%; to 30/09/2023: −10.5%; to 30/09/2022: −2.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -8.6% | -16.4% | Price | | 2023 | -2.8% | -6.7% | Price | | 2024 | +0.8% | -2.7% | Price | | 2025 | -5.9% | -9.1% | Price | | 2026 to 13/11/2026 | -3.4% | -6.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.15% | -8.78% | | 3 years | 7.28% | -12.78% | | 5 years | 8.25% | -22.08% | ## Largest fall Volatility of Invesco US High Yield Fallen Angels UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 7.2% over 1 year, 7.3% over 3 years, 8.2% over 5 years. Largest fall in the price of Invesco US High Yield Fallen Angels UCITS ETF since November 2021, in pounds: −22.1% from 10/12/2021 to 23/10/2026. The lowest 12-month return of Invesco US High Yield Fallen Angels UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −13.2% (12 months to 06/10/2023); the highest was +3.6% (12 months to 22/11/2024). On 13/11/2026 the price of Invesco US High Yield Fallen Angels UCITS ETF was 20.5% below its highest weekly close since November 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco US High Yield Fallen Angels UCITS ETF 0.45% a year. Compared on 14/11/2026, 73 of the 427 other corporate and other bond funds charge more, 10 the same and 344 less (share classes counted once). ## Funds tracking the same index 4 funds track FTSE Time-Weighted US Fallen Angel Bond Select Index, this one included and share classes counted once; their ongoing charges range from 0.45% to 0.83% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco US High Yield Fallen Angels UCITS ETF (this fund) | 0.45% | -0.5% | +14.5% | +9.4% | | Invesco US High Yield Fallen Angels UCITS ETF - Accum Shs USD | 0.45% | -0.2% | — | — | | Invesco US High Yield Fallen Angels UCITS ETF Acc | 0.50% | -0.0% | +19.8% | +4.1% | | Invesco US High Yield Fallen Angels UCITS ETF EUR Hedged Acc | 0.83% | -6.1% | +11.0% | -5.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.45%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 12/11/2026, FAHY holds 85 positions, according to its published holdings. The largest is Six Flags Entertainment Corp /Six 6.625% 01/05/32 at 3.75% of the fund; the ten largest make up 28.6%. ### Top holdings Largest positions (as of 12/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Six Flags Entertainment Corp /Six 6.625% 01/05/32 | — | 3.75% | | 2 | CVS Health Corp VAR 10/03/55 | — | 3.64% | | 3 | GFL Environmental Inc 6.75% 15/01/31 | — | 3.26% | | 4 | VF Corp 2.95% 23/04/30 | — | 2.90% | | 5 | Nissan Motor Co Ltd 4.81% 17/09/30 | — | 2.73% | | 6 | Electronic Arts Inc 1.85% 15/02/31 | — | 2.53% | | 7 | Advance Auto Parts Inc 3.9% 15/04/30 | — | 2.51% | | 8 | Huntsman International LLC 4.5% 01/05/29 | — | 2.51% | | 9 | Electronic Arts Inc 2.95% 15/02/51 | — | 2.50% | | 10 | Alcoa Nederland Holding BV 4.125% 31/03/29 | — | 2.32% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 12/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 85 holdings: https://fundology.uk/fund/fahy/holdings ## Questions people ask **What is the ongoing charge of FAHY?** The ongoing charge of FAHY is 0.45% a year — about £45 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 US High Yield Fallen Angels UCITS ETF 0.45% a year. Compared on 14/11/2026, 73 of the 427 other corporate and other bond funds charge more, 10 the same and 344 less (share classes counted once). **What does FAHY track?** FAHY tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. **Is FAHY accumulating or distributing?** FAHY 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 FAHY?** The ISIN of FAHY is IE00BD0Q9673. An ISIN identifies one exact share class of a fund; FAHY is its ticker on the London Stock Exchange. The same share class is also listed as HYFA (London Stock Exchange, US dollars). **What does FAHY hold?** As of 12/11/2026, FAHY holds 85 positions, according to its published holdings. The largest is Six Flags Entertainment Corp /Six 6.625% 01/05/32 at 3.75% of the fund; the ten largest make up 28.6%. Its ten largest holdings are Six Flags Entertainment Corp /Six 6.625% 01/05/32 (3.75%), CVS Health Corp VAR 10/03/55 (3.64%), GFL Environmental Inc 6.75% 15/01/31 (3.26%), VF Corp 2.95% 23/04/30 (2.90%), Nissan Motor Co Ltd 4.81% 17/09/30 (2.73%), Electronic Arts Inc 1.85% 15/02/31 (2.53%), Advance Auto Parts Inc 3.9% 15/04/30 (2.51%), Huntsman International LLC 4.5% 01/05/29 (2.51%), Electronic Arts Inc 2.95% 15/02/51 (2.50%) and Alcoa Nederland Holding BV 4.125% 31/03/29 (2.32%). **What were FAHY’s returns in each of the last five years?** Calendar-year returns of FAHY in pounds (price only, income paid out not included): 2022 −8.6%, 2023 −2.8%, 2024 +0.8%, 2025 −5.9%; 2026 to 13/11/2026 −3.4%. Past performance is not a guide to future returns. **How has FAHY done after inflation?** Over the five years to 13/11/2026 FAHY’s total return was +9.4%, or −14.6% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.