ETF · Invesco
TRGB Invesco US Treasury Bond UCITS ETF GBP Hedged
ISIN IE00BF2GFM70London Stock Exchange: TRGBInvesco Ltd.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- Currency hedged
Latest close
LSE£31.55
on
- Ongoing charge
- 0.10% a year
- Fund size
- £25.1m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, TRGB (Invesco US Treasury Bond UCITS ETF GBP Hedged, ISIN IE00BF2GFM70) closed at £31.55 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was −7.9%, or −28.0% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- −1.9%
- −5.0% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +8.9%
- −1.8% after inflation (UK CPIH)
- 5 years to 30/09/2026
- −7.9%
- −28.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £921 on 30/09/2026 — about £720 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Charges compared with similar funds
- Ongoing charge
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 76 charge less
- 37 the same
- 161 charge more
Ongoing charge of Invesco Markets II PLC - Invesco US Treasury Bond UCITS ETF GBP Hedged 0.10% a year, as of 01/10/2026: 161 of the 274 other government bond funds charge more, 37 the same and 76 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets II PLC - Invesco US Treasury Bond UCITS ETF GBP Hedged is an exchange-traded fund (ETF) from Invesco, launched in 2019.
It tracks the Bloomberg U.S. Treasury index - USD - Benchmark TR Gross.
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.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- TRGB
- ISIN
- IE00BF2GFM70
- Provider
- Invesco
- Tracks
- Bloomberg U.S. Treasury index
- 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
- 0.10% a year · about £10 on £10,000
- Fund size
- £25.1m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Since 18/08/2026, the closing price went from £32.64 on 18/08/2026 to £31.55 on 30/09/2026 (−3.3%). The lowest close shown was £31.55 on 30/09/2026 and the highest £32.65 on 04/09/2026.
Chart: closing prices we have recorded since 18/08/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
6 weekly closes, from 18/08/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS 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
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | US Tsy N/B 3.875% 15/08/34 | 0.87% |
| 2 | US Tsy N/B 4.375% 15/05/36 | 0.85% |
| 3 | US Tsy N/B 4.375% 15/05/34 | 0.84% |
| 4 | US Tsy N/B 4.25% 15/11/34 | 0.82% |
| 5 | US Tsy N/B 4.25% 15/05/35 | 0.81% |
| 6 | US Tsy N/B 3.5% 31/01/28 | 0.80% |
| 7 | US Tsy N/B 4.625% 15/02/35 | 0.80% |
| 8 | US Tsy N/B 4% 15/11/35 | 0.79% |
| 9 | US Tsy N/B 4% 15/02/34 | 0.78% |
| 10 | US Tsy N/B 4.25% 15/08/35 | 0.78% |
Source: Invesco, holdings as published, as of , company pages by TradingView
299 holdings are listed for this fund. All 299 holdings of TRGB, with the full split by sector, country and type of asset.
All holdings
The fund publishes 299 holdings; the ten largest make up 8.1% 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 U.S. Treasury index - USD - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.10% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| Invesco US Treasury Bond UCITS ETF GBP HedgedThis fundDistributing · Currency hedged · 0.10% a year | −1.9% | −7.9% |
| Invesco US Treasury Bond UCITS ETF Accum USDAccumulating · 0.06% a year | −0.3% | Not reported |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Questions people ask
What is the ongoing charge of TRGB?
The ongoing charge of TRGB 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 US Treasury Bond UCITS ETF GBP Hedged 0.10% a year, as of 01/10/2026: 161 of the 274 other government bond funds charge more, 37 the same and 76 less (share classes counted once).
What does TRGB track?
TRGB tracks the Bloomberg U.S. Treasury index - USD - Benchmark TR Gross.
Is TRGB accumulating or distributing?
TRGB 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 TRGB?
The ISIN of TRGB is IE00BF2GFM70. An ISIN identifies one exact share class of a fund; TRGB is its ticker on the London Stock Exchange.
How has TRGB done after inflation?
Over the five years to 30/09/2026 TRGB’s total return was −7.9%, or −28.0% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Inflation
- ONS CPIH, latest month published
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Invesco, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.