Invesco High Yield Select ETF

Frequently Asked Questions About HIYS

What does HIYS invest in?

Invesco High Yield Select ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks current income. The Fund seeks its investment objective by investing at least 80% of its net assets in higher quality below investment grade fixed income securities, such as corporate bonds and convertible securities. The Fund considers such higher quality securities as those rated between B- and BB+ (or equivalent) by nationally recognized statistical rating organizations (NRSROs).

What is the expense ratio of HIYS?

Invesco High Yield Select ETF (HIYS) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is HIYS's dividend yield?

HIYS's trailing-twelve-month yield is 6.08%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HIYS?

Effective duration measures HIYS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HIYS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HIYS?

HIYS'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 HIYS?

Yield to maturity (YTM) is the total return you'd earn from HIYS if every bond in the portfolio is held to maturity at the current price. HIYS'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.