# Invesco US Treasury Bond 7-10 Year UCITS ETF (TRXS) **Source:** https://fundology.uk/fund/trxs · ISIN IE00BF2FNB90 · 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, TRXS (Invesco US Treasury Bond 7-10 Year UCITS ETF, ISIN IE00BF2FNB90) closed at £31.50 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 −11.7%, or −30.9% 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 0.1% 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: **£31.50** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TRXS | | ISIN | IE00BF2FNB90 | | Category | Government bonds | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg US Treasury 7-10 Year Index - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £146m | | 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 | -3.52% | -6.55% | income reinvested | | 3 years | +8.53% | -2.06% | income reinvested | | 5 years | -11.67% | -30.95% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 −17.9%, 2023 −1.0%, 2024 −5.2%, 2025 +3.7%; 2026 to 30/09/2026 −7.5%. 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: −7.4%; to 30/09/2025: −2.7%; to 30/09/2024: +6.1%; to 30/09/2023: −6.5%; to 30/09/2022: −17.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -17.9% | -24.9% | Price | | 2023 | -1.0% | -4.9% | Price | | 2024 | -5.2% | -8.4% | Price | | 2025 | +3.7% | +0.1% | Price | | 2026 to 30/09/2026 | -7.5% | -10.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.36% | -9.54% | | 3 years | 6.96% | -11.22% | | 5 years | 7.72% | -26.94% | ## Largest fall Volatility of Invesco US Treasury Bond 7-10 Year UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 5.4% over 1 year, 7.0% over 3 years, 7.7% over 5 years. Largest fall in the price of Invesco US Treasury Bond 7-10 Year UCITS ETF since October 2021, in pounds: −26.9% from 03/12/2021 to 30/09/2026. 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 −20.1% (12 months to 04/11/2022); the highest was +6.1% (12 months to 18/10/2024). On 30/09/2026 the price of Invesco US Treasury Bond 7-10 Year UCITS ETF was 26.9% below its highest weekly close since October 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco US Treasury Bond 7-10 Year UCITS ETF 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 3 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco US Treasury Bond 7-10 Year UCITS ETF | 0.06% | -1.9% | +1.3% | -6.6% | | Invesco US Treasury Bond 7-10 Year UCITS ETF (this fund) | 0.10% | -3.5% | +8.5% | -11.7% | | Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD | 0.08% | -1.9% | — | — | 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 4.375% 15/05/34 | 9.08% | | US Tsy N/B 4.625% 15/02/35 | 9.08% | | US Tsy N/B 4.25% 15/11/34 | 8.97% | | US Tsy N/B 4.375% 15/05/36 | 8.96% | | US Tsy N/B 4.25% 15/05/35 | 8.93% | | US Tsy N/B 4.25% 15/08/35 | 8.81% | | US Tsy N/B 4% 15/02/34 | 8.74% | | US Tsy N/B 4.5% 15/11/33 | 8.74% | | US Tsy N/B 4% 15/11/35 | 8.71% | | US Tsy N/B 4.125% 15/02/36 | 8.69% | All 13 holdings: https://fundology.uk/fund/trxs/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.