- What does GTOQ invest in?
- IHYF operates as an actively managed fund, employing a systematic, factor-based investment strategy. Its primary objective is to identify fixed-income securities that the Sub-adviser believes offer superior risk-adjusted returns compared to other bonds, based on quantifiable issuer characteristics. This approach typically leads to a higher allocation towards bonds exhibiting strong value, low volatility, or high carry potential. The portfolio managers have the flexibility to adapt, introduce, or modify these underlying factors as they deem appropriate to mitigate specific investment risks. In addition to core bond holdings, the fund may also allocate to various other instruments, within specified limits, including U.S. Treasuries, collateralized debt obligations (CDOs), and distressed bonds. It's important to note that market movements can cause the fund's asset allocation to deviate from its intended limits. A significant aspect of the strategy is its emphasis on derivatives, such as options, futures, forward contracts, swaps, and certain mortgage-backed and asset-backed securities. This extensive use of derivatives is primarily for hedging purposes, aiming to protect the portfolio against key investment risks like interest rate fluctuations and adverse foreign currency movements.
- What is the expense ratio of GTOQ?
- Invesco High Yield Systematic Bond ETF (GTOQ) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.
- What is GTOQ's dividend yield?
- GTOQ's trailing-twelve-month yield is 6.89%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of GTOQ?
- Effective duration measures GTOQ's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GTOQ's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of GTOQ?
- GTOQ's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of GTOQ?
- Yield to maturity (YTM) is the total return you'd earn from GTOQ if every bond in the portfolio is held to maturity at the current price. GTOQ's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
