# Invesco Markets II PLC - Invesco US Treasury Bond UCITS ETF GBP Hedged (TRGB) **Source:** https://fundology.uk/fund/trgb · ISIN IE00BF2GFM70 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 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. ## Summary 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. Latest close: **£31.55** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TRGB | | ISIN | IE00BF2GFM70 | | Category | Government bonds | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg U.S. Treasury index - USD - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £25.1m | | Launched | 2019 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) 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 | -1.89% | -4.97% | income reinvested | | 3 years | +8.86% | -1.77% | income reinvested | | 5 years | -7.86% | -27.97% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Markets II PLC - Invesco US Treasury Bond UCITS ETF GBP Hedged (this fund) | 0.10% | -1.9% | +8.9% | -7.9% | | Invesco US Treasury Bond UCITS ETF Accum USD | 0.06% | -0.3% | -2.1% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | US Tsy N/B 3.875% 15/08/34 | 0.87% | | US Tsy N/B 4.375% 15/05/36 | 0.85% | | US Tsy N/B 4.375% 15/05/34 | 0.84% | | US Tsy N/B 4.25% 15/11/34 | 0.82% | | US Tsy N/B 4.25% 15/05/35 | 0.81% | | US Tsy N/B 3.5% 31/01/28 | 0.80% | | US Tsy N/B 4.625% 15/02/35 | 0.80% | | US Tsy N/B 4% 15/11/35 | 0.79% | | US Tsy N/B 4% 15/02/34 | 0.78% | | US Tsy N/B 4.25% 15/08/35 | 0.78% | All 299 holdings: https://fundology.uk/fund/trgb/holdings --- 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.