# Invesco US Treasury Bond 10+ Year UCITS ETF Accum- USD (TRLP)

**Source:** https://fundology.uk/fund/trlp · ISIN IE000GE4QIR1 · 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 01/10/2026, TRLP (Invesco US Treasury Bond 10+ Year UCITS ETF Accum- USD, ISIN IE000GE4QIR1) closed at £3.37 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the year to 01/10/2026 its total return was −6.4%, or −9.3% after UK CPIH inflation.

## Summary

Invesco Markets II PLC - Invesco US Treasury Bond 10+ Year UCITS ETF Accum- USD is an exchange-traded fund (ETF) from Invesco, launched in 2024. It tracks the Bloomberg US Long Treasury Index - USD - 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 0.06% a year — about £6 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£3.37** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | TRLP |
| ISIN | IE000GE4QIR1 |
| Category | Government bonds |
| Type | ETF |
| Provider | Invesco |
| Tracks | Bloomberg US Long Treasury Index - USD - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.06% a year (£6 per £10,000) |
| Fund size | £6.7m |
| Launched | 2024 |
| 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 | -6.40% | -9.33% | 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 10+ Year UCITS ETF Accum- USD 0.06% a year, as of 02/10/2026: 246 of the 275 other government bond funds charge more, 23 the same and 6 less (share classes counted once).

## Funds tracking the same index

3 funds track Bloomberg US Long Treasury Index - USD - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.13% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco Markets II PLC - Invesco US Treasury Bond 10+ Year UCITS ETF Accum- USD (this fund) | 0.06% | -6.4% | — | — |
| Invesco US Treasury Bond 10+ Year UCITS ETF Hedged GBP | 0.13% | -7.8% | -2.9% | — |
| Invesco US Treasury Bond 10+ Year UCITS ETF USD | 0.06% | -6.4% | -8.0% | — |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.06%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What is the ongoing charge of TRLP?**

The ongoing charge of TRLP is 0.06% a year — about £6 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 10+ Year UCITS ETF Accum- USD 0.06% a year, as of 02/10/2026: 246 of the 275 other government bond funds charge more, 23 the same and 6 less (share classes counted once).

**What does TRLP track?**

TRLP tracks the Bloomberg US Long Treasury Index - USD - Benchmark TR Net.

**Is TRLP accumulating or distributing?**

TRLP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of TRLP?**

The ISIN of TRLP is IE000GE4QIR1. An ISIN identifies one exact share class of a fund; TRLP is its ticker on the London Stock Exchange.

**How has TRLP done after inflation?**

Over the year to 01/10/2026 TRLP’s total return was −6.4%, or −9.3% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.