# Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP (GBHG) **Source:** https://fundology.uk/fund/gbhg · ISIN IE00020C1NS6 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 01/10/2026, GBHG (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP, ISIN IE00020C1NS6) closed at £5.46 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the three years to 01/10/2026 its total return was +7.6%, or −2.9% after UK CPIH inflation. ## Summary Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from Invesco, launched in 2023. It tracks the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£5.46** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GBHG | | ISIN | IE00020C1NS6 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £140m | | Launched | 2023 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +0.99% | -2.17% | income reinvested | | 3 years | +7.63% | -2.88% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2024 +0.5%, 2025 +1.0%; 2026 to 30/09/2026 −4.8%. Returns of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.2%; to 30/09/2025: +0.1%; to 30/09/2024: +6.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +0.5% | -3.0% | Price | | 2025 | +1.0% | -2.5% | Price | | 2026 to 30/09/2026 | -4.8% | -7.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.22% | -6.02% | | 3 years | 5.33% | -6.69% | ## Largest fall Volatility of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 30/09/2026: 5.2% over 1 year, 5.3% over 3 years. Largest fall in the price of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP since January 2023, in pounds: −7.0% from 03/02/2023 to 20/10/2023. The lowest 12-month return of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since January 2023 was −5.4% (12 months to 30/09/2026); the highest was +8.6% (12 months to 18/10/2024). On 30/09/2026 the price of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP was 6.7% below its highest weekly close since January 2023 (05/09/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP 0.30% a year, as of 01/10/2026: 131 of the 383 other corporate and other bond funds charge more, 20 the same and 232 less (share classes counted once). ## Funds tracking the same index 2 funds track Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.30% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBP (this fund) | 0.30% | +1.1% | +7.7% | — | | Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD | 0.25% | +1.7% | +3.6% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Windstream Services LLC / Windstre 8.25% 01/10/31 | 0.55% | | Rakuten Group Inc 9.75% 15/04/29 | 0.53% | | Organon & Co / Organon Foreign Deb 4.125% 30/04/28 | 0.51% | | Michaels Cos Inc/The 8.5% 15/03/33 | 0.50% | | 1261229 BC Ltd 10% 15/04/32 | 0.44% | | Carvana Co 9% 01/06/31 | 0.39% | | Ziggo Bond Co BV 3.375% 28/02/30 | 0.37% | | Cinemark USA Inc 5.25% 15/07/28 | 0.33% | | Organon & Co / Organon Foreign Deb 5.125% 30/04/31 | 0.33% | | Sabre GLBL Inc 11.125% 15/07/30 | 0.33% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country Added up from the holdings Invesco publishes, as of 30/09/2026. | Country | Weight | |---|---| | United States | 74.5% | | France | 2.4% | | Belgium | 0.6% | | Portugal | 0.4% | | Germany | 0.4% | | Italy | 0.3% | | Norway | 0.0% | | Not classified | 22.1% | All 1,118 holdings: https://fundology.uk/fund/gbhg/holdings --- 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.