# Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD (TRXX) **Page:** https://fundology.uk/fund/trxx · ISIN IE00BF2FN752 ## 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, TRXX (Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD, ISIN IE00BF2FN752) closed at £32.45 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the year to 13/11/2026 its total return was −3.6%, or −7.0% after UK CPIH inflation. ## Summary Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD is an exchange-traded fund (ETF) from Invesco, launched in 2024. 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£32.45** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TRXX | | ISIN | IE00BF2FN752 | | Also listed as | TRXA (London Stock Exchange, US dollars) | | Category | Government bonds | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg US Treasury 7-10 Year Index - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 0.06% a year (£6 per £10,000) | | Fund size | £49.4m | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/02/2024 | ## 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 | 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 Accum- USD in pounds (price, with income reinvested in the fund): 2025 −0.4%; 2026 to 13/11/2026 −0.8%. Returns of Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.4%; to 30/09/2025: +2.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | -0.4% | -3.8% | Price | | 2026 to 13/11/2026 | -0.8% | -4.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.08% | -5.60% | ## Largest fall Volatility of Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD in pounds, annualised from weekly returns to 13/11/2026: 6.1% over 1 year. Largest fall in the price of Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD since February 2024, in pounds: −7.3% from 28/02/2025 to 23/05/2025. The lowest 12-month return of Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) since February 2024 was −3.4% (12 months to 30/10/2026); the highest was +7.7% (12 months to 26/06/2026). On 13/11/2026 the price of Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD was 3.8% below its highest weekly close since February 2024 (21/11/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD 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 | 0.06% | -3.6% | +3.7% | -6.3% | | Invesco US Treasury Bond 7-10 Year UCITS ETF Accum- USD (this fund) | 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, TRXX 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% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 05/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.7% | | Cash and money market | 0.3% | All 13 holdings: https://fundology.uk/fund/trxx/holdings ## Questions people ask **What is the ongoing charge of TRXX?** The ongoing charge of TRXX 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 Accum- USD 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 TRXX track?** TRXX tracks the Bloomberg US Treasury 7-10 Year Index - Benchmark TR Gross. **Is TRXX accumulating or distributing?** TRXX 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 TRXX?** The ISIN of TRXX is IE00BF2FN752. An ISIN identifies one exact share class of a fund; TRXX is its ticker on the London Stock Exchange. The same share class is also listed as TRXA (London Stock Exchange, US dollars). **What does TRXX hold?** As of 12/11/2026, TRXX 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 TRXX’s returns in each of the last five years?** Calendar-year returns of TRXX in pounds (price, with income reinvested in the fund): 2025 −0.4%; 2026 to 13/11/2026 −0.8%. Past performance is not a guide to future returns. **How has TRXX done after inflation?** Over the year to 13/11/2026 TRXX’s total return was −3.6%, or −7.0% 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.