- What does INVG invest in?
- The INVG fund aims to exceed the performance of the Bloomberg U.S. Corporate Index by employing a systematic, multi-factor investment methodology. While striving to achieve similar market exposure to its benchmark, the fund primarily focuses its investments on highly liquid, investment-grade corporate debt. These holdings span diverse maturities and originate from companies both within and outside the U.S. The fund's analytical framework evaluates multiple factors—such as value, quality, momentum, and fundamentals—via proprietary fair value models that gauge default risk and market momentum. This strategy endeavors to identify compelling risk-adjusted return opportunities, concurrently minimizing divergence from its benchmark by proactively managing exposures and risks across country, sector, issuer, liquidity, interest rates, and credit spreads. As an actively managed vehicle, the portfolio manager maintains full autonomy to adjust holdings whenever market conditions warrant. Additionally, INVG may allocate capital to derivative products, other exchange-traded funds, U.S. Treasury obligations, and various money market instruments.
- What is the expense ratio of INVG?
- GMO Systematic Investment Grade Credit ETF (INVG) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.
- What is INVG's dividend yield?
- INVG's trailing-twelve-month yield is 4.90%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of INVG?
- Effective duration measures INVG's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. INVG's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of INVG?
- INVG'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 INVG?
- Yield to maturity (YTM) is the total return you'd earn from INVG if every bond in the portfolio is held to maturity at the current price. INVG'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.
