# (USD) Corporate Bond UCITS ETF (PUIG) **Page:** https://fundology.uk/fund/puig · ISIN IE00BF51K025 ## 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, PUIG ((USD) Corporate Bond UCITS ETF, ISIN IE00BF51K025) closed at $17.53 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was −0.4%, or −22.3% after UK CPIH inflation. ## Summary Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2017. It tracks the Bloomberg MSCI USD Liquid Corporate Climate Transition ESG Bond Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% 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: **$17.53** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PUIG | | ISIN | IE00BF51K025 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg MSCI USD Liquid Corporate Climate Transition ESG Bond Index | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £25.0m | | Launched | 2017 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 16/11/2017 | ## 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 | -2.23% | -5.69% | income reinvested | | 3 years | +5.66% | -4.54% | income reinvested | | 5 years | -0.39% | -22.25% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −7.7%, 2023 −2.0%, 2024 −0.1%, 2025 −5.4%; 2026 to 13/11/2026 −4.0%. Returns of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.8%; to 30/09/2025: −1.2%; to 30/09/2024: −0.7%; to 30/09/2023: −10.2%; to 30/09/2022: −2.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -7.7% | -15.5% | Price | | 2023 | -2.0% | -5.9% | Price | | 2024 | -0.1% | -3.5% | Price | | 2025 | -5.4% | -8.7% | Price | | 2026 to 13/11/2026 | -4.0% | -7.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.18% | -8.69% | | 3 years | 7.36% | -12.11% | | 5 years | 8.01% | -21.26% | ## Largest fall Volatility of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 7.2% over 1 year, 7.4% over 3 years, 8.0% over 5 years. Largest fall in the price of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF since November 2021, in pounds: −21.3% from 10/12/2021 to 10/09/2026. The lowest 12-month return of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −12.7% (12 months to 14/07/2023); the highest was +3.7% (12 months to 09/08/2024). On 13/11/2026 the price of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF was 20.1% below its highest weekly close since November 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Mkts. II Plc - (USD) Corporate Bond UCITS ETF 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** 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, PUIG holds 1,748 positions, according to its published holdings. The largest is Goldman Sachs Group Inc/The VAR 24/02/33 at 0.25% of the fund; the ten largest make up 2.3%. ### Top holdings Largest positions (as of 12/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Goldman Sachs Group Inc/The VAR 24/02/33 | — | 0.25% | | 2 | Cigna Group/The 4.8% 15/08/38 | — | 0.23% | | 3 | Gilead Sciences Inc 4.15% 01/03/47 | — | 0.23% | | 4 | Gilead Sciences Inc 4.75% 01/03/46 | — | 0.23% | | 5 | HSBC Holdings PLC VAR 22/05/30 | — | 0.23% | | 6 | American Tower Corp 3.8% 15/08/29 | — | 0.22% | | 7 | Cheniere Energy Inc 4.625% 15/10/28 | — | 0.22% | | 8 | Morgan Stanley Var 09/01/30 | — | 0.22% | | 9 | Oneok LLC 6.625% 01/09/53 | — | 0.22% | | 10 | Prudential Financial Inc VAR 15/03/54 | — | 0.22% | ## 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 1,748 holdings: https://fundology.uk/fund/puig/holdings ## Questions people ask **What is the ongoing charge of PUIG?** The ongoing charge of PUIG 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 Mkts. II Plc - (USD) Corporate Bond UCITS ETF 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once). **What does PUIG track?** PUIG tracks the Bloomberg MSCI USD Liquid Corporate Climate Transition ESG Bond Index. **Is PUIG accumulating or distributing?** PUIG 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 PUIG?** The ISIN of PUIG is IE00BF51K025. An ISIN identifies one exact share class of a fund; PUIG is its ticker on the London Stock Exchange. **What does PUIG hold?** As of 12/11/2026, PUIG holds 1,748 positions, according to its published holdings. The largest is Goldman Sachs Group Inc/The VAR 24/02/33 at 0.25% of the fund; the ten largest make up 2.3%. Its ten largest holdings are Goldman Sachs Group Inc/The VAR 24/02/33 (0.25%), Cigna Group/The 4.8% 15/08/38 (0.23%), Gilead Sciences Inc 4.15% 01/03/47 (0.23%), Gilead Sciences Inc 4.75% 01/03/46 (0.23%), HSBC Holdings PLC VAR 22/05/30 (0.23%), American Tower Corp 3.8% 15/08/29 (0.22%), Cheniere Energy Inc 4.625% 15/10/28 (0.22%), Morgan Stanley Var 09/01/30 (0.22%), Oneok LLC 6.625% 01/09/53 (0.22%) and Prudential Financial Inc VAR 15/03/54 (0.22%). **What were PUIG’s returns in each of the last five years?** Calendar-year returns of PUIG in pounds (price only, income paid out not included): 2022 −7.7%, 2023 −2.0%, 2024 −0.1%, 2025 −5.4%; 2026 to 13/11/2026 −4.0%. Past performance is not a guide to future returns. **How has PUIG done after inflation?** Over the five years to 13/11/2026 PUIG’s total return was −0.4%, or −22.3% 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.