# Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD (GBHS) **Page:** https://fundology.uk/fund/gbhs · ISIN IE000ZWSN3F7 ## 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, 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. ## Summary 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. Latest close: **£4.17** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GBHS | | ISIN | IE000ZWSN3F7 | | Also listed as | GBHY (London Stock Exchange, US dollars), GB1D (Xetra, euros) | | 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 | 0.25% a year (£25 per £10,000) | | Fund size | £13.8m | | Launched | 2023 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/01/2023 | ## 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 | -1.26% | -4.75% | income reinvested | | 3 years | +2.82% | -7.11% | income reinvested | Returns: as reported (delayed data). Inflation: UK 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 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 CPIH inflation | Measured as | |---|---|---|---| | 2024 | +1.2% | -2.2% | Price | | 2025 | -4.5% | -7.8% | Price | | 2026 to 13/11/2026 | -4.7% | -7.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.94% | -8.89% | | 3 years | 5.93% | -12.51% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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 | 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 | 0.30% | +0.5% | +7.4% | — | | Invesco Markets II plc - Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF USD (this fund) | 0.25% | -1.3% | +2.8% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** per year (as of 13/11/2026) - 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, 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%. ### Top holdings Largest positions (as of 12/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 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% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 05/11/2026. | Country | Weight | |---|---| | United States | 73.8% | | France | 2.2% | | Belgium | 0.5% | | Portugal | 0.4% | | Germany | 0.4% | | Italy | 0.3% | | Not classified | 22.2% | ### By type of asset Added up from the fund’s published holdings, as of 05/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.2% | | Cash and money market | 0.8% | All 1,120 holdings: https://fundology.uk/fund/gbhs/holdings ## 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. --- 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.