"Invesco US High Yield Fallen Angels UCITS ETF EUR Hdg Acc" is an exchange-traded investment fund (ETF). It refers to the Citi Time-Weighted US Fallen Angel Bond Select Index. This index reflects the development of US American corporate bonds . The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings (interest payments) are automatically reinvested (accumulated). The fund company Invesco claims a total expense ratio (TER) of 0.50% per year. The yearly average divergence from the index performance (Tracking Difference) since 2018 was 3.80% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.