Invesco High Yield Bond Factor ETF

Frequently Asked Questions About IHYF

What does IHYF invest in?

The Invesco High Yield Bond Factor ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks total return by investing, at least 80% of its net assets in high-yield, below-investment grade, fixed-income securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund utilizes a factor-based strategy that seeks to outperform the Fund’s market-weighted benchmark index by systematically targeting securities in the benchmark index exhibiting quantifiable issuer characteristics (or “factors”) that the investment team believes will have higher returns than other fixed income securities with comparable characteristics over market cycles.

What is the expense ratio of IHYF?

Invesco High Yield Bond Factor ETF (IHYF) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

What is IHYF's dividend yield?

IHYF's trailing-twelve-month yield is 6.71%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IHYF?

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

What is the credit quality of IHYF?

IHYF'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 IHYF?

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