Invesco US High Yield Fallen Angels UCITS ETF
FAGB.SW
Swiss Exchange- -
GBP
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Ireland
- IPO Date
- Nov 6, 2017
- Similar Companies
- Business
- Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) (Ticker: FAGB.SW) is an exchange-traded fund that seeks to track the FTSE Time-Weighted US Fallen Angel Bond Select (GBP Hedged) index, which comprises USD-denominated high yield corporate bonds issued by North American entities that were downgraded from investment grade status; the index employs a time-weighted methodology assigning higher weights to more recently downgraded bonds, with constituents held for up to 60 months provided they meet minimum issue size, liquidity, and credit rating criteria (now B- minimum following 2023 revisions); the ETF uses physical sampling replication, accumulating coupons for reinvestment, with a total expense ratio of 0.50% p.a.. It offers exposure to fallen angel bonds across sectors including industrials, energy, and communications, primarily from U.S. issuers with allocations to Canada, Ireland, Cayman Islands, and Liberia; variants include unhedged accumulating (IE0009D6K2A2, launched July 2022), distributing (IE00BD0Q9673, launched September 2016), and other currency-hedged share classes such as CHF and EUR; as part of Invesco Markets III plc, an Irish-domiciled umbrella UCITS investment company (incorporated 2002, headquartered at 2 Cumberland Place, Fenian Street, Dublin 2), the ETF is managed passively by Invesco Investment Management Limited and listed on venues including SIX Swiss Exchange, London Stock Exchange, and Deutsche Boerse.. In February 2023, the ETF adjusted its investment approach to align with underlying index methodology changes implemented by FTSE Russell effective February 1, increasing the minimum issue size to $300 million from $250 million and minimum credit rating to B- from C to enhance liquidity and reduce default risk exposure; no major partnerships, acquisitions, funding rounds, or new product launches specific to this ETF occurred in 2024 or 2025, though parent Invesco Ltd (founded 1935, headquartered Atlanta, Georgia) expanded its broader active fixed income ETF lineup with launches such as the Invesco Core Fixed Income ETF (GTOC) and Invesco Intermediate Municipal ETF (INTM) in July 2025, alongside three additional active ETFs in May 2025.. The fund targets institutional and retail investors seeking high yield fixed income strategies with currency hedging to GBP, operates globally via European exchanges, and maintains a portfolio of approximately 65 holdings with top concentrations in issuers like Ford Motor Credit, Paramount Global, and General Electric..