# Invesco S&P 500 Downside Hedged ETF (PHDG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/phdg for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Alternatives - Strategy: Actively Managed · Inception: 2012-12-06 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 mone... ## Key Facts | Metric | Value | |---|---| | Price | $41.47 | | Expense Ratio | 0.44% | | Assets Under Management | $61.9M | | NAV | $41.29 | | Holdings Count | 507 | | Distribution Yield (TTM) | 1.41% | | Annual Distribution (TTM) | $0.59 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $34.73 – $43.64 | | Beta | 0.71 | ## Latest Distribution - Amount: $0.1245 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### 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 1.41%, 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. ### Does PHDG pay a dividend? Yes, Invesco S&P 500 Downside Hedged ETF (PHDG) distributes dividends to shareholders. The trailing-twelve-month yield is 1.41%. Full dividend history is on this page. ### How often does PHDG pay dividends? Invesco S&P 500 Downside Hedged ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PHDG's next ex-dividend date? The most recently announced ex-dividend date for PHDG was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PHDG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.44% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PHDG charge its expense ratio? The expense ratio is deducted in tiny daily slices from PHDG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PHDG cost more than a fund like VOO? PHDG is actively managed (current expense ratio 0.44%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PHDG's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PHDG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PHDG (0.44%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/phdg - Distribution history: https://www.dividenddata.com/funds/phdg/dividend - Holdings & diversification: https://www.dividenddata.com/funds/phdg/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/phdg/expenses - Peer comparison: https://www.dividenddata.com/funds/phdg/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.