INVESCO US HIGH YIELD FALLEN ANGELS UCITS ETF EUR HEDGED

Benchmark

FTSE Time-Weighted US Fallen Angel Bond Index includes USD-denominated bonds issued by corporates domiciled in the US or Canada. Any such bonds with a rating changed from investment-grade to high-yield in the previous month are eligible for inclusion and will be held for a period of 60 months, provided they continue to meet the inclusion criteria. If a bond exits and then re-enters the Index, the inclusion period is reset. Unlike indices where constituent weights are based on market value, the Index's weights are determined based on the time from inclusion (time-weighted), with higher weights assigned to bonds that have more recently become "fallen angels". The time-weighted approach aims to capture the potential price rebound effect that fallen angels may experience soon after their initial downgrade to high-yield category. An issuer cap of 5% is applied. For liquidity, each issue is also capped at 5x its original market value weight.

PERFORMANCE

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