# Invesco US Treasury Bond 7-10 Year UCITS ETF (TRXG)

**Page:** https://fundology.uk/fund/trxg · ISIN IE00BF2FN646

## 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, TRXG (Invesco US Treasury Bond 7-10 Year UCITS ETF, ISIN IE00BF2FN646) closed at £25.61 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the five years to 13/11/2026 its total return was −6.3%, or −26.9% after UK CPIH inflation.

## Summary

Invesco US Treasury Bond 7-10 Year UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2019. It tracks the Bloomberg US Treasury 7-10 Year Index - 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 0.06% 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 paid out to holders as cash, usually a few times a year.

Latest close: **£25.61** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | TRXG |
| ISIN | IE00BF2FN646 |
| Also listed as | TREX (London Stock Exchange, US dollars), TRDX (Xetra, euros) |
| Category | Government bonds |
| Type | ETF |
| Provider | Invesco |
| Tracks | Bloomberg US Treasury 7-10 Year Index - Benchmark TR Gross |
| Income | Distributing |
| Ongoing charge | 0.06% a year (£6 per £10,000) |
| Fund size | £624m |
| Launched | 2019 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/01/2019 |

## 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 | -3.59% | -7.01% | income reinvested |
| 3 years | +3.73% | -6.28% | income reinvested |
| 5 years | -6.30% | -26.86% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco US Treasury Bond 7-10 Year UCITS ETF in pounds (price only, income paid out not included): 2022 −6.9%, 2023 −5.5%, 2024 −2.0%, 2025 −4.5%; 2026 to 13/11/2026 −4.1%. Returns of Invesco US Treasury Bond 7-10 Year UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.5%; to 30/09/2025: −2.3%; to 30/09/2024: −2.9%; to 30/09/2023: −13.6%; to 30/09/2022: +1.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.9% | -14.8% | Price |
| 2023 | -5.5% | -9.3% | Price |
| 2024 | -2.0% | -5.4% | Price |
| 2025 | -4.5% | -7.8% | Price |
| 2026 to 13/11/2026 | -4.1% | -7.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.81% | -9.84% |
| 3 years | 7.95% | -12.52% |
| 5 years | 8.86% | -24.78% |

## Largest fall

Volatility of Invesco US Treasury Bond 7-10 Year UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 6.8% over 1 year, 7.9% over 3 years, 8.9% over 5 years. Largest fall in the price of Invesco US Treasury Bond 7-10 Year UCITS ETF since November 2021, in pounds: −24.8% from 03/12/2021 to 11/09/2026. The lowest 12-month return of Invesco US Treasury Bond 7-10 Year UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −15.4% (12 months to 18/08/2023); the highest was +3.5% (12 months to 23/09/2022). On 13/11/2026 the price of Invesco US Treasury Bond 7-10 Year UCITS ETF was 23.4% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco US Treasury Bond 7-10 Year UCITS ETF 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once).

## Funds tracking the same index

8 funds track Bloomberg US Treasury 7-10 Year Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.10% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi US Treasury Bond 7-10Y UCITS ETF | 0.07% | -3.4% | -2.8% | — |
| Amundi US Treasury Bond 7-10Y UCITS ETF -Dist- Distribution | 0.07% | -3.8% | +3.4% | -6.7% |
| Amundi US Treasury Bond 7-10Y UCITS ETF GBP Hedged Distribution | 0.09% | -7.0% | +0.5% | — |
| Invesco US Treasury Bond 7-10 Year UCITS ETF (this fund) | 0.06% | -3.6% | +3.7% | -6.3% |
| Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD | 0.06% | -3.6% | — | — |
| Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged | 0.10% | -3.0% | +8.6% | -10.4% |
| Vanguard Funds plc - Vanguard U.S. Treasury 7-10 Year Bond UCITS ETF AccumUSD | 0.06% | -2.5% | — | — |
| Vanguard U.S. Treasury 7-10 Year Bond UCITS ETF USD | 0.06% | -2.5% | — | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.06%** per year (as of 13/11/2026)
- 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, TRXG holds 13 positions, according to its published holdings. The largest is US Tsy N/B 4.625% 15/02/35 at 8.53% of the fund; the ten largest make up 83.6%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | US Tsy N/B 4.625% 15/02/35 | — | 8.53% |
| 2 | US Tsy N/B 4.625% 15/08/36 | — | 8.48% |
| 3 | US Tsy N/B 4.25% 15/11/34 | — | 8.44% |
| 4 | US Tsy N/B 4.375% 15/05/36 | — | 8.44% |
| 5 | US Tsy N/B 4.375% 15/05/34 | — | 8.43% |
| 6 | US Tsy N/B 4.25% 15/05/35 | — | 8.40% |
| 7 | US Tsy N/B 4.25% 15/08/35 | — | 8.30% |
| 8 | US Tsy N/B 4% 15/02/34 | — | 8.20% |
| 9 | US Tsy N/B 4.125% 15/02/36 | — | 8.19% |
| 10 | US Tsy N/B 4% 15/11/35 | — | 8.18% |

All 13 holdings: https://fundology.uk/fund/trxg/holdings

## Questions people ask

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

The ongoing charge of TRXG 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 US Treasury Bond 7-10 Year UCITS ETF 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once).

**What does TRXG track?**

TRXG tracks the Bloomberg US Treasury 7-10 Year Index - Benchmark TR Gross.

**Is TRXG accumulating or distributing?**

TRXG 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 TRXG?**

The ISIN of TRXG is IE00BF2FN646. An ISIN identifies one exact share class of a fund; TRXG is its ticker on the London Stock Exchange. The same share class is also listed as TREX (London Stock Exchange, US dollars) and TRDX (Xetra, euros).

**What does TRXG hold?**

As of 12/11/2026, TRXG holds 13 positions, according to its published holdings. The largest is US Tsy N/B 4.625% 15/02/35 at 8.53% of the fund; the ten largest make up 83.6%. Its ten largest holdings are US Tsy N/B 4.625% 15/02/35 (8.53%), US Tsy N/B 4.625% 15/08/36 (8.48%), US Tsy N/B 4.25% 15/11/34 (8.44%), US Tsy N/B 4.375% 15/05/36 (8.44%), US Tsy N/B 4.375% 15/05/34 (8.43%), US Tsy N/B 4.25% 15/05/35 (8.40%), US Tsy N/B 4.25% 15/08/35 (8.30%), US Tsy N/B 4% 15/02/34 (8.20%), US Tsy N/B 4.125% 15/02/36 (8.19%) and US Tsy N/B 4% 15/11/35 (8.18%).

**What were TRXG’s returns in each of the last five years?**

Calendar-year returns of TRXG in pounds (price only, income paid out not included): 2022 −6.9%, 2023 −5.5%, 2024 −2.0%, 2025 −4.5%; 2026 to 13/11/2026 −4.1%. Past performance is not a guide to future returns.

**How has TRXG done after inflation?**

Over the five years to 13/11/2026 TRXG’s total return was −6.3%, or −26.9% 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.