Invesco S&P 500 Downside Hedged ETF

Frequently Asked Questions About PHDG

What does PHDG invest in?

Invesco Actively Managed Exchange-Traded Fund Trust - Invesco S&P 500 Downside Hedged ETF is an exchange traded fund launched and managed Invesco Capital Management LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, it invests directly and through derivatives in stocks of companies operating across diversified sectors. The fund invests in volatile stocks of large-cap companies. It uses derivatives such as futures to create its portfolio. For its fixed income portion, it invests in short-term, high quality U.S. treasury securities and money market instruments. For its actively managed portion, it seeks to benchmark the performance of its portfolio against the S&P 500 Dynamic VEQTOR Index, the S&P 500 Index and the U.S. 3 Month Treasury Bill Index. For its passively managed portion, it seeks to track the performance of the S&P 500 Index, by using full replication technique. Invesco Actively Managed Exchange-Traded Fund Trust - Invesco S&P 500 Downside Hedged ETF was formed on December 6, 2012 and is domiciled in the United States.

What is the expense ratio of PHDG?

Invesco S&P 500 Downside Hedged ETF (PHDG) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations.

What is PHDG's dividend yield?

PHDG's trailing-twelve-month yield is 1.68%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PHDG?

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

What is the credit quality of PHDG?

PHDG'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 PHDG?

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