Invesco Global ex-US High Yield Corporate Bond ETF

Frequently Asked Questions About PGHY

What does PGHY invest in?

The fund invests at least 80% of its total assets in the components that comprise the underlying index. The underlying index is composed of U.S. dollar denominated, below investment grade corporate debt that is publicly issued in the U.S. domestic and eurobond markets by non-U.S. issuers.

What is the expense ratio of PGHY?

Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is PGHY's distribution yield?

PGHY's trailing-twelve-month yield is 7.06%, calculated from the sum of distributions over the past year divided by the current price.

How does PGHY's covered-call strategy work?

PGHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of PGHY?

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

What is the credit quality of PGHY?

PGHY'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.