OpenList — Active ETFs

Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF

Fixed Income · Europe · EUR Corporate Bonds

Figures refer to the share class ISIN IE00021E4FE3, currency EUR, retail share class.

Fund documents

For the share class shown above.

Factsheet (PDF, 31.08.2026)KID (PDF, 26.06.2026)

Key facts

Management company
Invesco Investment Management Limited
Asset class
Fixed Income
Geography
Europe
Strategy
EUR Corporate Bonds
Share class currency
EUR
Share class inception
22.06.2022
Fund size
35 million (as at 14.09.2026)
Management fee
0.19%
Performance fee
No
Liquidity
Not available in this publication
UCITS
Yes
Risk grade (SRRI)
Not available in this publication
Registered in Switzerland
Yes

Price history

Fund and benchmark rebased to 100 at 27.06.2022.

1001051101152023202420252026112.6111.8Fund (share class shown)Benchmark1001051101152023202420252026112.6111.8Fund (share class shown)Benchmark
Table view
PeriodFromFund (100 at start)Benchmark (100 at start)
1Y03.10.202598.598.5
3Y31.10.2023111.3111.6
Since 202227.06.2022111.8112.6

Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Fund history to 30.09.2026.
Benchmark history to 28.09.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.

Performance against the benchmark

08YTD: Fund -0.08%YTD: Bloomberg Euro Corp TR EUR 0.13%YTD1Y: Fund 0.62%1Y: Bloomberg Euro Corp TR EUR 0.78%1Y3Y p.a.: Fund 3.98%3Y p.a.: Bloomberg Euro Corp TR EUR 4.17%3Y p.a.2025: Fund 2.85%2025: Bloomberg Euro Corp TR EUR 3.03%20252024: Fund 4.68%2024: Bloomberg Euro Corp TR EUR 4.74%20242023: Fund 7.63%2023: Bloomberg Euro Corp TR EUR 8.19%2023Fund (share class shown)BenchmarkYTDYTD: Fund -0.08%-0.08YTD: Bloomberg Euro Corp TR EUR 0.13%0.131Y1Y: Fund 0.62%0.621Y: Bloomberg Euro Corp TR EUR 0.78%0.783Y p.a.3Y p.a.: Fund 3.98%3.983Y p.a.: Bloomberg Euro Corp TR EUR 4.17%4.1720252025: Fund 2.85%2.852025: Bloomberg Euro Corp TR EUR 3.03%3.0320242024: Fund 4.68%4.682024: Bloomberg Euro Corp TR EUR 4.74%4.7420232023: Fund 7.63%7.632023: Bloomberg Euro Corp TR EUR 8.19%8.19Fund (share class shown)Benchmark
1M3M6MYTD2025202420231Y3Y5YVolatilitySharpe R.Max DD
FundISIN IE00021E4FE3, currency EUR, retail share class-0.26-0.82-1.31-0.082.854.687.630.623.98Not available in this publication3.36Not available in this publication-2.31
BenchmarkBloomberg Euro Corp TR EUR-0.22-0.75-1.170.133.034.748.190.784.17-0.073.370.41-2.27
Differencefund minus benchmark, in percentage points-0.04-0.06-0.14-0.21-0.18-0.06-0.56-0.16-0.19Not calculated: fund figure not available in this publication–––

Within the list: OpenList — Active ETFs

Compared with the fixed income funds on OpenList — Active ETFs (11 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.

This fundGroup medianPosition
Return 1Y0.621.7711 of 11
Return 3Y p.a.3.984.209 of 11
3Y p.a. over its own benchmark-0.19-0.078 of 11
Volatility 3Y3.363.495 of 11
Sharpe ratio 3YNot available in this publication0.45No value for this fund (1 without a value)
Max drawdown 3Y-2.31-2.297 of 10 (1 without a value)
Management fee0.19%0.19%3 of 11

Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.

Return against risk, 3 years

010Return 3Y p.a. (%)Volatility 3Y (%)07JPMorgan EUR 1-5 yr IG Corporate Bond Active UCITS ETF: volatility 2.17%, return 4.03% p.a.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% p.a.JPMorgan EUR IG Corporate Bond Active UCITS ETF: volatility 3.49%, return 4.14% p.a.BNP PARIBAS EASY II EUR Credit PAB Opportunities UCITS ETF: volatility 3.56%, return 4.20% p.a.JPMorgan USD IG Corporate Bond Active UCITS ETF: volatility 6.39%, return 5.02% p.a.JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF: volatility 4.99%, return 9.04% p.a.Fidelity ESG USD EM Bond UCITS ETF: volatility 6.35%, return 7.88% p.a.Fidelity Global Corporate Bond Research Enhanced PAB UCITS ETF: volatility 6.52%, return 5.45% p.a.Franklin Euro Short Maturity UCITS ETF: volatility 0.47%, return 3.09% p.a.PIMCO Advantage US Low Duration Corporate Bond UCITS ETF: volatility 2.61%, return 5.32% p.a.Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF: volatility 3.36%, return 3.98% p.a.This fund010Return 3Y p.a. (%)Volatility 3Y (%)07JPMorgan EUR 1-5 yr IG Corporate Bond Active UCITS ETF: volatility 2.17%, return 4.03% p.a.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% p.a.JPMorgan EUR IG Corporate Bond Active UCITS ETF: volatility 3.49%, return 4.14% p.a.BNP PARIBAS EASY II EUR Credit PAB Opportunities UCITS ETF: volatility 3.56%, return 4.20% p.a.JPMorgan USD IG Corporate Bond Active UCITS ETF: volatility 6.39%, return 5.02% p.a.JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF: volatility 4.99%, return 9.04% p.a.Fidelity ESG USD EM Bond UCITS ETF: volatility 6.35%, return 7.88% p.a.Fidelity Global Corporate Bond Research Enhanced PAB UCITS ETF: volatility 6.52%, return 5.45% p.a.Franklin Euro Short Maturity UCITS ETF: volatility 0.47%, return 3.09% p.a.PIMCO Advantage US Low Duration Corporate Bond UCITS ETF: volatility 2.61%, return 5.32% p.a.Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF: volatility 3.36%, return 3.98% p.a.This fund

WSP commentary

Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.

Investment rationale

This fund can serve as an actively managed euro corporate bond allocation for investors seeking total return from investment grade credit while promoting environmental or social characteristics under Article 8 SFDR. The documents classify it as risk class 2 out of 7 and state a recommended holding period of 5 years, indicating it is designed for long-term investors who accept that 100% of capital is at risk and there is no guarantee or protection. It is intended for investors aiming for long term capital growth who may not have specific financial expertise but can make an informed decision from the product documents. Its distinct feature is the combination of ESG screening with a quantitative multi-factor process built around value, low volatility and carry in euro-denominated corporate bonds.

Investment strategy

The fund’s objective is to seek total return by investing in an actively managed portfolio of corporate bonds that meet certain ESG criteria. It generally invests in fixed-rate, euro-denominated, unsecured corporate bonds from global issuers with an investment grade credit rating; as of 31 August 2026, the portfolio had a yield to maturity of 3.91%, yield to worst of 3.85% and effective duration of 4.32. The fund is not managed in reference to a benchmark, although the Key Information Document states it may use the Bloomberg Euro Corporate Bond Index for performance comparison and that the Investment Manager considers the portfolio’s relative composition against the Bloomberg Euro Corporate Bond Index. The share class is unhedged, base and share class currency are EUR, the fund may use derivatives for risk management, cost reduction, additional capital or income generation and for investment purposes, may engage in securities lending, is accumulating, and has a recommended holding period of 5 years.

Investment philosophy

• The investment universe is generally fixed-rate euro-denominated unsecured corporate bonds from global issuers with investment grade credit ratings, selected within an actively managed UCITS ETF structure.

• Security selection first applies the fund’s ESG policy, which includes exclusionary criteria based on controversial business activities or ESG controversies and a best-in-class approach that selects securities from each industry scoring highest under the Investment Manager’s scoring system.

• The remaining eligible securities are ranked using a quantitative model based on three major factors: value, low volatility and carry; separate portfolios are created for each factor and then combined so that each factor makes an equal risk contribution.

• As of 31 August 2026, the portfolio held 233 securities, with top positions including Allianz Finance II BV 3.25% 04/12/29 at 1.45%, ING Groep NV VAR 01/02/30 at 1.31% and Kerry Group Financial Services Unl 0.875% 01/12/31 at 1.24%; sector exposure was 50.3% financial institutions, 45.0% industrial and 4.8% utility.

• Current portfolio characteristics include geographic exposure led by France at 22.3%, the United States at 15.9% and Germany at 11.3%; credit quality of 7.36% AA, 48.65% A and 44.03% BBB; and maturity exposure concentrated in 5 to 10 years at 47.16%, with the portfolio rebalanced 1-2 times per month.

The asset manager

The management company is Invesco Investment Management Limited and the investment manager is Invesco Advisers, Inc. The Key Information Document states that Invesco Investment Management Limited is part of the Invesco Group, is authorised in Ireland and regulated by the Central Bank of Ireland. The fund is a sub-fund of Invesco Markets II plc, is domiciled in Ireland and is UCITS compliant.

Strengths

The fund combines active management, investment grade euro corporate bond exposure and an ESG policy with a quantitative multi-factor overlay, which the documents state is intended to mitigate potential factor imbalances introduced by the ESG criteria. It uses a best-in-class ESG selection approach alongside exclusions, rather than relying on a simple screened universe. The ETF structure has an ongoing charge of 0.19% per year and is listed for secondary-market trading. The portfolio is diversified across 233 holdings, while still expressing strong positioning in financial institutions and industrial issuers.

Risks

The fund is classified in risk category 2 out of 7 in the Key Information Document, while the factsheet shows the risk indicator on a 1-7 scale and notes it may change over time. The documents state that investment values and income can fluctuate, investors may not get back the full amount invested, and changes in exchange rates may affect returns; the share class is not currency hedged and investors may receive payments in a different currency from their local currency. Credit risk is material because the fund invests in corporate debt and the creditworthiness of issuers may weaken; there is no guarantee that issuers will repay interest and principal, and changes in interest rates will cause fund value fluctuations. Additional risks cited include concentration risk because the fund has significant exposure to one or a small number of sectors, derivatives risk because derivative use may increase the magnitude and frequency of value fluctuations, securities lending counterparty and collateral realisation risk, and sustainability risk because ESG criteria can alter issuer exposure and cause the fund to forego opportunities or perform differently from funds that do not use ESG ratings.

WSP report

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Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.

This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative