# Invesco GBP Corporate Bond Ucits ETF GBP (IGCB) **Source:** https://fundology.uk/fund/igcb · ISIN IE00BKW9SW28 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Invesco), 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, IGCB (Invesco GBP Corporate Bond Ucits ETF GBP, ISIN IE00BKW9SW28) closed at £23.13 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 01/10/2026 its total return was +5.7%, or −17.4% after UK CPIH inflation. ## Summary Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP is an exchange-traded fund (ETF) from Invesco, launched in 2020. It tracks the Bloomberg Sterling Liquid Corporate Bond Index - GBP. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 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: **£23.13** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IGCB | | ISIN | IE00BKW9SW28 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg Sterling Liquid Corporate Bond Index - GBP | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £261m | | Launched | 2020 | | 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 | +1.52% | -1.67% | income reinvested | | 3 years | +17.58% | +6.10% | income reinvested | | 5 years | +5.71% | -17.36% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP in pounds (price only, income paid out not included): 2022 −20.5%, 2023 +4.4%, 2024 −3.2%, 2025 +1.2%; 2026 to 01/10/2026 −4.9%. Returns of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.9%; to 30/09/2025: −1.6%; to 30/09/2024: +5.4%; to 30/09/2023: +4.1%; to 30/09/2022: −26.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -20.5% | -27.2% | Price | | 2023 | +4.4% | +0.3% | Price | | 2024 | -3.2% | -6.5% | Price | | 2025 | +1.2% | -2.3% | Price | | 2026 to 01/10/2026 | -4.9% | -7.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.05% | -6.28% | | 3 years | 5.78% | -7.26% | | 5 years | 7.89% | -29.70% | ## Largest fall Volatility of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP in pounds, annualised from weekly returns to 01/10/2026: 6.1% over 1 year, 5.8% over 3 years, 7.9% over 5 years. Largest fall in the price of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP since October 2021, in pounds: −29.7% from 10/12/2021 to 14/10/2022. The lowest 12-month return of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP in pounds (price only, income paid out not included) since January 2021 was −27.6% (12 months to 14/10/2022); the highest was +7.9% (12 months to 18/10/2024). On 01/10/2026 the price of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP was 24.4% below its highest weekly close since October 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Markets II PLC - Invesco GBP Corporate Bond Ucits ETF GBP 0.10% a year, as of 02/10/2026: 356 of the 392 other corporate and other bond funds charge more, 24 the same and 12 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 30/09/2026, IGCB holds 584 positions, according to the holdings Invesco publishes. The largest is Cash and/or Derivatives at 0.47% of the fund; the ten largest make up 4.3%. ### Top holdings Largest positions (as of 30/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Cash and/or Derivatives | — | 0.47% | | 2 | Morgan Stanley VAR 18/11/33 | — | 0.47% | | 3 | Alphabet Inc 4.625% 13/11/32 | — | 0.46% | | 4 | Enel Finance International NV 5.75% 14/09/40 | — | 0.44% | | 5 | Alphabet Inc 5.5% 13/11/41 | — | 0.42% | | 6 | Bank of America Corp 7% 31/07/28 | — | 0.42% | | 7 | HSBC Holdings Plc Var 14/09/31 | — | 0.41% | | 8 | AT&T Inc 7% 30/04/40 | — | 0.40% | | 9 | Barclays PLC VAR 14/11/32 | — | 0.40% | | 10 | AT&T Inc 4.875% 01/06/44 | — | 0.39% | Source: Invesco, holdings as published, as of 30/09/2026. ## 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 type of asset Added up from the holdings Invesco publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 99.5% | | Cash and money market | 0.5% | All 584 holdings: https://fundology.uk/fund/igcb/holdings ## Questions people ask **What is the ongoing charge of IGCB?** The ongoing charge of IGCB is 0.10% a year — about £10 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 GBP Corporate Bond Ucits ETF GBP 0.10% a year, as of 02/10/2026: 356 of the 392 other corporate and other bond funds charge more, 24 the same and 12 less (share classes counted once). **What does IGCB track?** IGCB tracks the Bloomberg Sterling Liquid Corporate Bond Index - GBP. **Is IGCB accumulating or distributing?** IGCB 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 IGCB?** The ISIN of IGCB is IE00BKW9SW28. An ISIN identifies one exact share class of a fund; IGCB is its ticker on the London Stock Exchange. **What does IGCB hold?** As of 30/09/2026, IGCB holds 584 positions, according to the holdings Invesco publishes. The largest is Cash and/or Derivatives at 0.47% of the fund; the ten largest make up 4.3%. Its ten largest holdings are Cash and/or Derivatives (0.47%), Morgan Stanley VAR 18/11/33 (0.47%), Alphabet Inc 4.625% 13/11/32 (0.46%), Enel Finance International NV 5.75% 14/09/40 (0.44%), Alphabet Inc 5.5% 13/11/41 (0.42%), Bank of America Corp 7% 31/07/28 (0.42%), HSBC Holdings Plc Var 14/09/31 (0.41%), AT&T Inc 7% 30/04/40 (0.40%), Barclays PLC VAR 14/11/32 (0.40%) and AT&T Inc 4.875% 01/06/44 (0.39%). **What were IGCB’s returns in each of the last five years?** Calendar-year returns of IGCB in pounds (price only, income paid out not included): 2022 −20.5%, 2023 +4.4%, 2024 −3.2%, 2025 +1.2%; 2026 to 01/10/2026 −4.9%. Past performance is not a guide to future returns. **How has IGCB done after inflation?** Over the five years to 01/10/2026 IGCB’s total return was +5.7%, or −17.4% 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.