ETF · Invesco
GBHS Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD
ISIN IE000ZWSN3F7London Stock Exchange: GBHSInvesco Ltd.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£4.17
on
- Ongoing charge
- 0.25% a year
- Fund size
- £13.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, GBHS (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD, ISIN IE000ZWSN3F7) closed at £4.17 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the three years to 13/11/2026 its total return was +2.8%, or −7.1% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −1.3%
- −4.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +2.8%
- −7.1% after inflation (UK CPIH)
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 Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD in pounds (price only, income paid out not included): 2024 +1.2%, 2025 −4.5%; 2026 to 13/11/2026 −4.7%. Returns of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.8%; to 30/09/2025: +0.4%; to 30/09/2024: −1.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −4.7% | −7.7% | |
| to | −4.5% | −7.8% | |
| to | +1.2% | −2.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −4.8% | −8.2% |
| from | +0.4% | −3.5% |
| from | −1.4% | −3.9% |
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)
5.9%over 3 years
| 1 year | 5.9% |
|---|---|
| 3 years | 5.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since January 2023
- −13.6%
- From to
- Lowest 12-month return
- −8.5%
- 12 months to
- Highest 12-month return
- +4.3%
- 12 months to
- Below its highest weekly close since January 2023
- 12.1%
- High of , latest
In words: Volatility of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year, 5.9% over 3 years. Largest fall in the price of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD since January 2023, in pounds: −13.6% from 03/02/2023 to 23/10/2026. The lowest 12-month return of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD in pounds (price only, income paid out not included) since January 2023 was −8.5% (12 months to 30/10/2026); the highest was +4.3% (12 months to 17/01/2025). On 13/11/2026 the price of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD was 12.1% below its highest weekly close since January 2023 (03/02/2023), 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
- 0.25%
- a year
- On £10,000
- £25
- a year, roughly
- Over five years
- £124
- of £10,000, before growth
- 209 charge less
- 40 the same
- 178 charge more
Ongoing charge of Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD 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 0.25% a year — about £25 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
- GBHS
- ISIN
- IE000ZWSN3F7
- Also listed as
- GBHY (London Stock Exchange, US dollars), GB1D (Xetra, euros)
- 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
- 0.25% a year · about £25 on £10,000
- Fund size
- £13.8m
- 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 £4.49 on 14/11/2025 to £4.17 on 13/11/2026 (−7.1%). The lowest close shown was £4.10 on 23/10/2026 and the highest £4.50 on 21/11/2025.
One close a week. Before 17/09/2026 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
200 weekly closes, from 20/01/2023 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
- 1,120
- on record
- Ten largest
- 4.2%
- of the whole fund
- Effective number of holdings
- 734
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.6%
- Michaels Cos Inc/The 8.5% 15/03/33
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Michaels Cos Inc/The 8.5% 15/03/33 | 0.58% |
| 2 | Windstream Services LLC / Windstre 8.25% 01/10/31 | 0.58% |
| 3 | Organon & Co / Organon Foreign Deb 4.125% 30/04/28 | 0.47% |
| 4 | Rakuten Group Inc 9.75% 15/04/29 | 0.44% |
| 5 | 1261229 BC Ltd 10% 15/04/32 | 0.43% |
| 6 | Carvana Co 9% 01/06/31 | 0.40% |
| 7 | Ziggo Bond Co BV 3.375% 28/02/30 | 0.35% |
| 8 | Cinemark USA Inc 5.25% 15/07/28 | 0.34% |
| 9 | Sabre GLBL Inc 11.125% 15/07/30 | 0.33% |
| 10 | Organon & Co / Organon Foreign Deb 2.875% 30/04/28 | 0.32% |
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 States74.5%
- France2.3%
- Belgium0.5%
- Germany0.4%
- Portugal0.4%
- Italy0.3%
- Not classified21.5%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 1,120 holdings; the ten largest make up 4.2% 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
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 (13/11/2026).
| Fund | Charge | 1 year | 3 years |
|---|---|---|---|
| Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Hedged GBPDistributing · Currency hedged · 0.30% a year | 0.30% | +0.5% | +7.4% |
| Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USDThis fundDistributing · 0.25% a year | 0.25% | −1.3% | +2.8% |
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 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 148 rolling 12-month returns since January 2023, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since January 2023, in pounds, with how many weeks it 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 (156 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 GBHS?
The ongoing charge of GBHS is 0.25% a year — about £25 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 Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once).
What does GBHS track?
GBHS tracks the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index - Benchmark TR Net.
Is GBHS accumulating or distributing?
GBHS 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 GBHS?
The ISIN of GBHS is IE000ZWSN3F7. An ISIN identifies one exact share class of a fund; GBHS is its ticker on the London Stock Exchange. The same share class is also listed as GBHY (London Stock Exchange, US dollars) and GB1D (Xetra, euros).
What does GBHS hold?
As of 12/11/2026, GBHS holds 1,120 positions, according to its published holdings. The largest is Michaels Cos Inc/The 8.5% 15/03/33 at 0.58% of the fund; the ten largest make up 4.2%. Its ten largest holdings are Michaels Cos Inc/The 8.5% 15/03/33 (0.58%), Windstream Services LLC / Windstre 8.25% 01/10/31 (0.58%), Organon & Co / Organon Foreign Deb 4.125% 30/04/28 (0.47%), Rakuten Group Inc 9.75% 15/04/29 (0.44%), 1261229 BC Ltd 10% 15/04/32 (0.43%), Carvana Co 9% 01/06/31 (0.40%), Ziggo Bond Co BV 3.375% 28/02/30 (0.35%), Cinemark USA Inc 5.25% 15/07/28 (0.34%), Sabre GLBL Inc 11.125% 15/07/30 (0.33%) and Organon & Co / Organon Foreign Deb 2.875% 30/04/28 (0.32%).
What were GBHS’s returns in each of the last five years?
Calendar-year returns of GBHS in pounds (price only, income paid out not included): 2024 +1.2%, 2025 −4.5%; 2026 to 13/11/2026 −4.7%. Past performance is not a guide to future returns.
How has GBHS done after inflation?
Over the three years to 13/11/2026 GBHS’s total return was +2.8%, or −7.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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