New
Global ETF Survey 2026: Answer now →
Help us improve your experience. Please confirm your investor type:
ETF What's Up
Don’t Miss a Move in the ETF Market
Sign up and keep track of everything that moved the ETF industry this week. From new launches to regulatory shifts across the Atlantic.
XAT1 ETF · Invesco USD AT1 CoCo Bond UCITS ETF
The XAT1 Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index. The XAT1 ETF provides physical exposure, so by buying it you actually own parts of all the 93 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
EUR
Hedged
Real-time data unavailable for XAT1
LIVE
CLOSED
This fund is part ofConvertible Bonds1M perf.-2.15%
Last price
N/A
1M perf.
+0.71%
1M flows
+€286K
AuM
€445M
TER
0.39%
Rating
Not rated
XAT1
N/A
Performance & flows
Segment for quartile rank
April 7, 2026 → July 3, 2026
Create a free account to view the flows graph
XAT1
€16.22
+2.51%
Convertible Bonds
+5.57%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.71%  | +2.51%  | +5.34% | +29.74%  | +4.09% | -0.01% | -0.01% | +1.25% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/3/2026
€16.23
1D NAV change
+0.01%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
93
Inception date
6/25/2018
Jurisdiction
Ireland
Distribution
Austria
United Kingdom
Germany
Denmark
Spain
Legal structure
Open-end Investment Company
Base currency
EUR
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
Create a free account to view dividend distribution
Classification
Product type
Asset class
Factors
N/A
Share class info
EUR distributing hedged
Total AuM of fund
€1.45B
Decimalisation of shares
No
Investment strategy
The Invesco USD AT1 CoCo Bond UCITS ETF EUR Hdg Dist aims to provide the total return performance of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index (the "Reference Index"), less the impact of fees. The fund distributes income on a quarterly basis.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
New to Trackinsight?
For individual investors
Essentials
A forever free toolbox for fund selection, analysis, research, and ETF portfolio construction.
More fund data
Compare up to 3 funds
More screener filters
Choose your own screener columns from 100+ metrics
Lists for saving your research
Portfolio construction and analysis
Personal dashboard for live monitoring
For professional investors
Enterprise
Trackinsight Enterprise addresses the everyday operational, regulatory, and analytical pain points faced by professional and institutional ETF investors, from selection to execution.
Request a free trialAdvertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +2.51% | +5.34% | +29.74% | +4.09% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
United Kingdom
22.56%
France
12.79%
Spain
10.01%
Switzerland
4.71%
Netherlands
4.50%
Japan
3.66%
Australia
2.65%
Finland
2.04%
Unavailable
35.54%
Other
1.54%
Sectors
Banks
57.84%
Holding companies
6.63%
Unavailable
35.54%
Diversification
Total weight of top 15 holdings out of 93
Top 15 holdings
Data as of May 31, 2026
Barclays, 8% perp., USD
Banco Santander, 8% perp., USD
Banco Santander, 9.625% perp., USD
Barclays, 9.625% perp., USD
Lloyds Banking Group, 8% perp., USD
Deutsche Bank, 6.25% perp., USD
USF2280BAC03
Sumitomo Mitsui FG, 6.45% perp., USD
Create a free account to view top holdings
Credit Agricole SA, 6.7% perp., USD
Banco Santander, 9.625% perp., USD
Westpac Banking (New Zealand Branch), 5% perp., USD
Barclays, 7.625% perp., USD
Credit Agricole CIB, 4.75% perp., USD
Barclays, 4.375% perp., USD
Standard Chartered Plc, 4.3% perp., USD
Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
Yes
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
Invesco
Invesco ID Card
Number of funds
650
Total AuM
€1.03T
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3497%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €421.53B |
QQQM | Invesco NASDAQ 100 ETF | €86.08B |
RSP | Invesco S&P 500® Equal Weight ETF | €84.6B |
SPXS | Invesco S&P 500 UCITS ETF | €35.56B |
SGLD | Invesco Physical Gold ETC | €23.1B |
Frequently asked questions about XAT1
What does Invesco USD AT1 CoCo Bond UCITS ETF, XAT1, invest in?
XAT1 is a Passive ETF. This ETF provides exposure to Developed markets Financial Services Mixed Ratings Corporate Bonds.
Which benchmark or index does XAT1 replicate?
XAT1 tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of XAT1?
XAT1 carries a total expense ratio (TER) of 0.39%, indicating the annual cost for holding the fund.
When was XAT1 launched?
XAT1 was introduced to the market on June 25, 2018. It trades on Austria, among other exchanges
Who is the ETF issuer of XAT1?
Invesco USD AT1 CoCo Bond UCITS ETF, XAT1, is provided by Invesco. Learn more about Invesco here.
Does XAT1 have multiple share classes?
Yes, XAT1 is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of XAT1?
XAT1 oversees €445M in assets as of July 3, 2026.
How has XAT1 performed lately?
Based on data from July 3, 2026, XAT1 returned 0.71% over the past month, 2.51% over the last three months and 1.25% year-to-date.
What are the latest inflows or outflows for XAT1?
As of July 3, 2026, XAT1 recorded net flows of +€285K over the last month and +€99M year-to-date.
Does XAT1 distribute dividends?
XAT1 follows a distributing dividend policy, meaning it pays out income to investors. As of July 3, 2026, its 12-month trailing yield was 6.05%.
What are the main country or region exposures of XAT1?
As of May 31, 2026, XAT1 has significant geographic allocations in United Kingdom, France and Spain.
In which sector or theme does XAT1 invest in?
As of May 31, 2026, XAT1 focuses largely on Banks and Holding companies.
How many securities does XAT1 hold and how diversified is it?
As of May 31, 2026, XAT1 holds 93 positions in its portfolio, with 23.45% of assets concentrated in its top 15 holdings.
What are the main positions in XAT1?
As of May 31, 2026, XAT1 top three holdings include Barclays, 8% perp., USD, Banco Santander, 8% perp., USD and Banco Santander, 9.625% perp., USD.
What is the base currency of XAT1?
The base currency of XAT1 is EUR.
Is XAT1 currency-hedged?
XAT1 is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
