# Invesco High Yield Systematic Bond ETF (GTOQ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gtoq for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2020-12-02 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.... ## Key Facts | Metric | Value | |---|---| | Price | $21.39 | | Expense Ratio | 0.39% | | Assets Under Management | $139.1M | | NAV | $21.37 | | Holdings Count | 432 | | Distribution Yield (TTM) | 7.17% | | Annual Distribution (TTM) | $1.53 /share | | Distribution Frequency | Monthly | | 52-Week Range | $21.29 – $22.83 | | Beta | 0.64 | ## Latest Distribution - Amount: $0.1297 /share - Ex-date: 2026-10-19 - Pay date: 2026-10-23 ## Frequently Asked Questions ### 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 7.17%, 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. ### Does GTOQ pay a dividend? Yes, Invesco High Yield Systematic Bond ETF (GTOQ) distributes dividends to shareholders. The trailing-twelve-month yield is 7.17%. Full dividend history is on this page. ### How often does GTOQ pay dividends? Invesco High Yield Systematic Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is GTOQ's next ex-dividend date? The most recently announced ex-dividend date for GTOQ was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will GTOQ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GTOQ charge its expense ratio? The expense ratio is deducted in tiny daily slices from GTOQ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GTOQ cost more than a fund like VOO? GTOQ is actively managed (current expense ratio 0.39%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether GTOQ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GTOQ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as GTOQ (0.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gtoq - Distribution history: https://www.dividenddata.com/funds/gtoq/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gtoq/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gtoq/expenses - Peer comparison: https://www.dividenddata.com/funds/gtoq/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.