Product Details
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.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
Bloomberg US Corporate High Yield 2% Issuer Capped Total Return Index | 0.52 | 9.01 | 1.50 | 3.70 | 4.28 | 2.35 |
Fund History (%) | ||||||
Fund NAV | 0.69 | 9.50 | 1.14 | N/A | N/A | 2.00 |
After Tax Held | -0.31 | 6.30 | -1.33 | N/A | N/A | -0.37 |
After Tax Sold | 0.41 | 5.53 | -0.20 | N/A | N/A | 0.50 |
Fund Market Price | 0.01 | 8.92 | 0.94 | N/A | N/A | 1.81 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
Bloomberg US Corporate High Yield 2% Issuer Capped Total Return Index | 1.47 | 11.15 | 2.19 | 4.19 | 4.44 | 2.70 |
Fund History (%) | ||||||
Fund NAV | 1.78 | 11.93 | 1.85 | N/A | N/A | 2.38 |
After Tax Held | 1.03 | 8.70 | -0.61 | N/A | N/A | 0.02 |
After Tax Sold | 1.05 | 6.95 | 0.33 | N/A | N/A | 0.78 |
Fund Market Price | 1.78 | 11.69 | 1.86 | N/A | N/A | 2.40 |
This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.
Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
Growth of $10,000
Data beginning 10 years prior to the ending date of 03/31/2024. Fund performance shown at NAV.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
Market Cap & Style Allocations
Large-Cap Value | 100.00% |
Large-Cap Blend | - |
Large-Cap Growth | - |
Mid-Cap Value | - |
Mid-Cap Blend | - |
Mid-Cap Growth | - |
Small-Cap Value | - |
Small-Cap Blend | - |
Small-Cap Growth | - |
Quality Allocations† as of 05/10/2024
S&P | Moody's |
---|---|
AAA : 0% | Aaa : 0% |
AA : 0% | Aa : 0% |
BBB : 2% | Baa : 2% |
BB : 60% | Ba : 41% |
B : 31% | B : 46% |
CCC : 4% | Caa : 6% |
CC : 0% | Ca : 0% |
Not Rated : 4% | Not Rated : 5% |
Cash is excluded from the credit rating quality allocations table.
Maturity
Years | % of Fund |
---|---|
0 - 1 years | 1.74 |
1 - 5 years | 68.64 |
5 - 10 years | 26.40 |
10 - 15 years | 0.76 |
15 - 20 years | 0.46 |
20 - 25 years | 0.00 |
25 years and over | 2.01 |
as of 05/10/2024 Top Fixed-Income Holdings | View All
Holding Name | Coupon Rate | Maturity Date | Next Call Date | S&P / Moody's Rating† | Weight |
---|---|---|---|---|---|
CBOT 10 Year US Treasury Note | N/A | 06/18/2024 | N/A | NR/NR | 3.24% |
CBOT 5 Year US Treasury Note | N/A | 06/28/2024 | N/A | NR/NR | 2.56% |
Churchill Downs Inc | 5.50% | 04/01/2027 | 06/10/2024 | B+/B1 | 0.92% |
INEOS Finance PLC | 6.75% | 05/15/2028 | 02/15/2025 | BB/Ba3 | 0.76% |
USA Compression Partners LP / USA Compression Finance Corp | 6.88% | 09/01/2027 | 06/10/2024 | B+/B2 | 0.76% |
Jazz Securities DAC | 4.38% | 01/15/2029 | 07/15/2024 | BB-/Ba2 | 0.75% |
Cargo Aircraft Management Inc | 4.75% | 02/01/2028 | 05/28/2024 | BB/Ba2 | 0.74% |
AMN Healthcare Inc | 4.00% | 04/15/2029 | 05/21/2024 | BB-/Ba3 | 0.73% |
Arches Buyer Inc | 4.25% | 06/01/2028 | 06/10/2024 | B/B1 | 0.73% |
Embecta Corp | 5.00% | 02/15/2030 | 02/15/2027 | B+/Ba3 | 0.73% |
Holdings are subject to change and are not buy/sell recommendations.
as of 05/10/2024 Summary Holdings | View All
Fund Holdings subject to change
Investment | Long / Short | % of Net Assets |
---|---|---|
Communication Services | Long | 9.67 |
Consumer Discretionary | Long | 19.66 |
Consumer Staples | Long | 1.29 |
Derivatives | Long | 6.02 |
Derivatives | Short | -5.13 |
Energy | Long | 11.45 |
Financials | Long | 8.94 |
Health Care | Long | 6.85 |
Industrials | Long | 13.45 |
Information Technology | Long | 5.86 |
Materials | Long | 8.67 |
Real Estate | Long | 5.24 |
Telecommunication Services | Long | 3.39 |
U.S. Government Securities | Long | 0.12 |
UnClassified | Long | 0.42 |
Utilities | Long | 4.11 |
Collateral | Long / Short | % of Net Assets |
No holdings available |
as of 05/10/2024 Holdings | View All
Fund Holdings subject to change
Futures | % of Net Assets |
---|---|
No holdings available | |
Swaps | % of Net Assets |
No holdings available |
Collateral | % of Net Assets |
---|---|
CBOT 10 Year US Treasury Note | 3.24 |
CBOT 5 Year US Treasury Note | 2.56 |
CCO Holdings LLC / CCO Holdings Capital Corp | 2.03 |
Venture Global LNG Inc | 1.87 |
CSC Holdings LLC | 1.49 |
Icahn Enterprises LP / Icahn Enterprises Finance Corp | 1.11 |
Navient Corp | 1.08 |
Mineral Resources Ltd | 0.96 |
CHS/Community Health Systems Inc | 0.95 |
Churchill Downs Inc | 0.92 |
Rockies Express Pipeline LLC | 0.88 |
Standard Industries Inc/NJ | 0.87 |
Rakuten Group Inc | 0.84 |
Gap Inc/The | 0.83 |
Newell Brands Inc | 0.82 |
Sirius XM Radio Inc | 0.80 |
NextEra Energy Operating Partners LP | 0.79 |
AdaptHealth LLC | 0.79 |
New Fortress Energy Inc | 0.78 |
Viasat Inc | 0.78 |
Xerox Holdings Corp | 0.77 |
INEOS Finance PLC | 0.76 |
USA Compression Partners LP / USA Compression Finance Corp | 0.76 |
Jazz Securities DAC | 0.75 |
Cargo Aircraft Management Inc | 0.74 |
AMN Healthcare Inc | 0.73 |
Arches Buyer Inc | 0.73 |
Embecta Corp | 0.73 |
MPT Operating Partnership LP / MPT Finance Corp | 0.73 |
Victoria's Secret & Co | 0.71 |
Smyrna Ready Mix Concrete LLC | 0.71 |
Melco Resorts Finance Ltd | 0.71 |
Nordstrom Inc | 0.70 |
Mueller Water Products Inc | 0.69 |
Covanta Holding Corp | 0.69 |
Nabors Industries Inc | 0.69 |
Midcap Financial Issuer Trust | 0.68 |
Videotron Ltd | 0.67 |
Cushman & Wakefield US Borrower LLC | 0.67 |
Consolidated Energy Finance SA | 0.67 |
LCPR Senior Secured Financing DAC | 0.66 |
Resorts World Las Vegas LLC / RWLV Capital Inc | 0.66 |
JELD-WEN Inc | 0.65 |
Tenneco Inc | 0.62 |
DISH DBS Corp | 0.61 |
Western Digital Corp | 0.61 |
OneMain Finance Corp | 0.61 |
PRA Group Inc | 0.61 |
AmeriGas Partners LP / AmeriGas Finance Corp | 0.61 |
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp | 0.61 |
Tempur Sealy International Inc | 0.57 |
Global Atlantic Fin Co | 0.56 |
Algonquin Power & Utilities Corp | 0.56 |
Vistra Operations Co LLC | 0.55 |
Rand Parent LLC | 0.55 |
Neptune Bidco US Inc | 0.55 |
AECOM | 0.55 |
MPH Acquisition Holdings LLC | 0.54 |
Freedom Mortgage Corp | 0.54 |
Paramount Global | 0.51 |
Chemours Co/The | 0.50 |
Altice France SA | 0.50 |
Spirit AeroSystems Inc | 0.50 |
Adtalem Global Education Inc | 0.49 |
Delek Logistics Partners LP / Delek Logistics Finance Corp | 0.49 |
LifePoint Health Inc | 0.49 |
US Acute Care Solutions LLC | 0.48 |
Hilcorp Energy I LP / Hilcorp Finance Co | 0.48 |
CoreCivic Inc | 0.47 |
Comstock Resources Inc | 0.47 |
Delta Air Lines Inc | 0.47 |
United Wholesale Mortgage LLC | 0.47 |
Antero Midstream Partners LP / Antero Midstream Finance Corp | 0.46 |
Summit Midstream Holdings LLC / Summit Midstream Finance Cor | 0.46 |
StoneX Group Inc | 0.46 |
Marriott Ownership Resorts Inc | 0.45 |
Newmark Group Inc | 0.45 |
Mallinckrodt International Finance SA / Mallinckrodt CB LLC | 0.44 |
United Rentals North America Inc | 0.43 |
PetSmart Inc / PetSmart Finance Corp | 0.43 |
Conduent Business Services LLC / Conduent State & Local Solu | 0.43 |
Encompass Health Corp | 0.43 |
Brandywine Operating Partnership LP | 0.43 |
Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.42 |
AthenaHealth Group Inc | 0.42 |
Taylor Morrison Communities Inc | 0.41 |
eG Global Finance PLC | 0.41 |
HAT Holdings I LLC / HAT Holdings II LLC | 0.40 |
SS&C Technologies Inc | 0.40 |
Dana Inc | 0.40 |
Nexstar Media Inc | 0.40 |
CEC Entertainment LLC | 0.40 |
Harvest Midstream I LP | 0.40 |
CD&R Smokey Buyer Inc | 0.40 |
Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus | 0.40 |
NESCO Holdings II Inc | 0.40 |
Sealed Air Corp | 0.39 |
Amer Sports Co | 0.39 |
Pitney Bowes Inc | 0.39 |
SBA Communications Corp | 0.39 |
Warrior Met Coal Inc | 0.39 |
MIWD Holdco II LLC / MIWD Finance Corp | 0.39 |
Directv Financing LLC | 0.39 |
International Game Technology PLC | 0.38 |
Perenti Finance Pty Ltd | 0.38 |
Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp | 0.38 |
Jaguar Land Rover Automotive PLC | 0.38 |
Edison International | 0.37 |
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packag | 0.37 |
Iliad Holding SASU | 0.37 |
Algoma Steel Inc | 0.37 |
Herc Holdings Inc | 0.37 |
Albion Financing 1 SARL / Aggreko Holdings Inc | 0.37 |
Mohegan Tribal Gaming Authority | 0.37 |
Connect Finco SARL / Connect US Finco LLC | 0.37 |
MGM Resorts International | 0.36 |
EquipmentShare.com Inc | 0.36 |
EnerSys | 0.36 |
Talen Energy Supply LLC | 0.36 |
Sotheby's | 0.36 |
Travel + Leisure Co | 0.35 |
Enerflex Ltd | 0.35 |
LABL Inc | 0.35 |
Jefferies Finance LLC / JFIN Co-Issuer Corp | 0.35 |
Organon & Co / Organon Foreign Debt Co-Issuer BV | 0.34 |
Mattamy Group Corp | 0.34 |
LGI Homes Inc | 0.33 |
Affinity Interactive | 0.33 |
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc | 0.33 |
C&S Group Enterprises LLC | 0.32 |
NCR Atleos Corp | 0.32 |
Crescent Energy Finance LLC | 0.32 |
Premier Entertainment Sub LLC / Premier Entertainment Financ | 0.32 |
Staples Inc | 0.32 |
Crown Americas LLC / Crown Americas Capital Corp V | 0.32 |
Resideo Funding Inc | 0.31 |
Hunt Cos Inc | 0.31 |
WPX Energy Inc | 0.30 |
CrownRock LP / CrownRock Finance Inc | 0.30 |
ams-OSRAM AG | 0.30 |
American Airlines Inc/AAdvantage Loyalty IP Ltd | 0.30 |
Veritas US Inc / Veritas Bermuda Ltd | 0.29 |
Freedom Mortgage Holdings LLC | 0.29 |
Atkore Inc | 0.29 |
Avient Corp | 0.28 |
ACCO Brands Corp | 0.28 |
Abercrombie & Fitch Management Co | 0.28 |
Genworth Holdings Inc | 0.28 |
QVC Inc | 0.28 |
Frontier North Inc | 0.28 |
TEGNA Inc | 0.27 |
Goodyear Tire & Rubber Co/The | 0.27 |
DISH Network Corp | 0.27 |
Titan International Inc | 0.27 |
Scripps Escrow II Inc | 0.26 |
GFL Environmental Inc | 0.26 |
Service Properties Trust | 0.26 |
Windstream Escrow LLC / Windstream Escrow Finance Corp | 0.25 |
Talos Production Inc | 0.25 |
NuStar Logistics LP | 0.25 |
FirstEnergy Corp | 0.25 |
HUB International Ltd | 0.25 |
Belo Corp | 0.25 |
Allegiant Travel Co | 0.25 |
Global Net Lease Inc / Global Net Lease Operating Partnershi | 0.24 |
Bausch Health Cos Inc | 0.24 |
Hillenbrand Inc | 0.24 |
Office Properties Income Trust | 0.24 |
Wolverine World Wide Inc | 0.24 |
Bread Financial Holdings Inc | 0.24 |
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Alber | 0.23 |
McAfee Corp | 0.23 |
Ultra U.S. Treasury Bond Futures | 0.23 |
Prime Security Services Borrower LLC / Prime Finance Inc | 0.22 |
Advantage Sales & Marketing Inc | 0.22 |
WESCO Distribution Inc | 0.22 |
Life Time Inc | 0.22 |
Under Armour Inc | 0.22 |
Tri Pointe Homes Inc | 0.22 |
Cinemark USA Inc | 0.22 |
Specialty Building Products Holdings LLC / SBP Finance Corp | 0.22 |
Mauser Packaging Solutions Holding Co | 0.21 |
Grand Canyon University | 0.21 |
LSF9 Atlantis Holdings LLC / Victra Finance Corp | 0.21 |
Brand Industrial Services Inc | 0.21 |
Edgewell Personal Care Co | 0.21 |
ANGI Group LLC | 0.20 |
EQM Midstream Partners LP | 0.20 |
Gen Digital Inc | 0.20 |
Domtar Corp | 0.20 |
Gray Television Inc | 0.19 |
Masonite International Corp | 0.19 |
Necessity Retail REIT Inc/The / American Finance Operating P | 0.19 |
Vector Group Ltd | 0.18 |
Cloud Software Group Inc | 0.18 |
Compass Minerals International Inc | 0.18 |
Verde Purchaser LLC | 0.18 |
Royal Caribbean Cruises Ltd | 0.18 |
Kaiser Aluminum Corp | 0.18 |
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loy | 0.18 |
Ally Financial Inc | 0.18 |
Iron Mountain Inc | 0.17 |
Seagate HDD Cayman | 0.17 |
Macy's Retail Holdings LLC | 0.17 |
SunCoke Energy Inc | 0.17 |
United Airlines Inc | 0.17 |
G-III Apparel Group Ltd | 0.17 |
CommScope Inc | 0.17 |
Boeing Co/The | 0.17 |
Hanesbrands Inc | 0.16 |
Brookfield Residential Properties Inc / Brookfield Residenti | 0.16 |
NRG Energy Inc | 0.16 |
ITT Holdings LLC | 0.16 |
ModivCare Escrow Issuer Inc | 0.16 |
WR Grace Holdings LLC | 0.15 |
GrubHub Holdings Inc | 0.15 |
Walgreens Boots Alliance Inc | 0.15 |
Camelot Return Merger Sub Inc | 0.15 |
Ladder Capital Finance Holdings LLLP / Ladder Capital Financ | 0.15 |
Berry Global Inc | 0.15 |
Eco Material Technologies Inc | 0.15 |
GN Bondco LLC | 0.15 |
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issu | 0.15 |
RegionalCare Hospital Partners Holdings Inc / LifePoint Heal | 0.15 |
1375209 BC Ltd | 0.15 |
Live Nation Entertainment Inc | 0.15 |
Zayo Group Holdings Inc | 0.14 |
Herbalife Nutrition Ltd / HLF Financing Inc | 0.14 |
Kohl's Corp | 0.14 |
Prime Healthcare Services Inc | 0.14 |
Civitas Resources Inc | 0.14 |
Arsenal AIC Parent LLC | 0.14 |
Seaspan Corp | 0.14 |
Northriver Midstream Finance LP | 0.14 |
Vail Resorts Inc | 0.13 |
Baytex Energy Corp | 0.13 |
Bath & Body Works Inc | 0.13 |
Iron Mountain Information Management Services Inc | 0.13 |
Enviri Corp | 0.13 |
Michaels Cos Inc/The | 0.13 |
Buckeye Partners LP | 0.13 |
Adams Homes Inc | 0.13 |
Six Flags Theme Parks Inc | 0.13 |
Open Text Holdings Inc | 0.12 |
United States Treasury Bill | 0.12 |
iHeartCommunications Inc | 0.12 |
Xerox Corp | 0.12 |
Valaris Ltd | 0.11 |
Brightsphere Investment Group Inc | 0.11 |
Sabre GLBL Inc | 0.10 |
Air Canada | 0.10 |
Sizzling Platter LLC / Sizzling Platter Finance Corp | 0.10 |
Foot Locker Inc | 0.10 |
Urban One Inc | 0.10 |
Five Point Operating Co LP / Five Point Capital Corp | 0.10 |
Hess Midstream Operations LP | 0.09 |
Gannett Holdings LLC | 0.09 |
CNX Resources Corp | 0.09 |
Liberty Interactive LLC | 0.09 |
Consolidated Communications Inc | 0.09 |
Sealed Air Corp/Sealed Air Corp US | 0.08 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc | 0.08 |
Unisys Corp | 0.08 |
Lions Gate Capital Holdings LLC | 0.08 |
Crown Americas LLC / Crown Americas Capital Corp VI | 0.08 |
Sonic Automotive Inc | 0.08 |
Block Inc | 0.08 |
Cogent Communications Group Inc | 0.08 |
Strathcona Resources Ltd/Alberta | 0.07 |
PBF Holding Co LLC / PBF Finance Corp | 0.07 |
P&L Development LLC / PLD Finance Corp | 0.06 |
TripAdvisor Inc | 0.05 |
Cumulus Media New Holdings Inc | 0.04 |
Coty Inc | 0.04 |
Radiate Holdco LLC / Radiate Finance Inc | 0.03 |
Global Medical Response Inc | 0.02 |
Endo Inc | - |
Midland Cogeneration Venture LP | - |
Ultra 10-Year US Treasury Note Futures | - |
CBOT 2 Year US Treasury Note Future | - |
A negative in Cash or Other, as of the date shown, is normally due to fund activity that has accrued or is pending settlement.
Distributions | Hide View All | Distribution Information
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
04/22/2024 | 04/23/2024 | 04/26/0204 | 0.14094 | 0.14094 | - | - | - | - |
03/18/2024 | 03/19/2024 | 03/22/2024 | 0.13594 | 0.13594 | - | - | - | - |
02/20/2024 | 02/21/2024 | 02/23/2024 | 0.13118 | 0.13118 | - | - | - | - |
01/22/2024 | 01/23/2024 | 01/26/2024 | 0.13468 | 0.13468 | - | - | - | - |
12/18/2023 | 12/19/2023 | 12/22/2023 | 0.13575 | 0.13575 | - | - | - | - |
11/20/2023 | 11/21/2023 | 11/24/2023 | 0.12968 | 0.12968 | - | - | - | - |
10/23/2023 | 10/24/2023 | 10/27/2023 | 0.12825 | 0.12825 | - | - | - | - |
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.12687 | 0.12687 | - | - | - | - |
08/21/2023 | 08/22/2023 | 08/25/2023 | 0.13037 | 0.13037 | - | - | - | - |
07/24/2023 | 07/25/2023 | 07/28/0203 | 0.12919 | 0.12919 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.12469 | 0.12469 | - | - | - | - |
05/22/2023 | 05/23/2023 | 05/26/2023 | 0.12938 | 0.12938 | - | - | - | - |
04/24/2023 | 04/25/2023 | 04/28/2023 | 0.12166 | 0.12166 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.12665 | 0.12665 | - | - | - | - |
02/21/2023 | 02/22/2023 | 02/24/2023 | 0.10860 | 0.10860 | - | - | - | - |
01/23/2023 | 01/24/2023 | 01/27/2023 | 0.12180 | 0.12180 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.13956 | 0.13956 | - | - | - | - |
11/21/2022 | 11/22/2022 | 11/25/2022 | 0.11434 | 0.11434 | - | - | - | - |
10/24/2022 | 10/25/2022 | 10/28/2022 | 0.11986 | 0.11986 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.11410 | 0.11410 | - | - | - | - |
08/22/2022 | 08/23/2022 | 08/26/2022 | 0.11491 | 0.11491 | - | - | - | - |
07/18/2022 | 07/19/2022 | 07/22/2022 | 0.10872 | 0.10872 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.10431 | 0.10431 | - | - | - | - |
05/23/2022 | 05/24/2022 | 05/31/2022 | 0.10589 | 0.10589 | - | - | - | - |
04/18/2022 | 04/19/2022 | 04/29/2022 | 0.09790 | 0.09790 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.09836 | 0.09836 | - | - | - | - |
02/22/2022 | 02/23/2022 | 02/28/2022 | 0.08549 | 0.08549 | - | - | - | - |
01/24/2022 | 01/25/2022 | 01/31/2022 | 0.09338 | 0.09338 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.19859 | 0.08816 | 0.11043 | - | - | - |
11/22/2021 | 11/23/2021 | 11/30/2021 | 0.08935 | 0.08935 | - | - | - | - |
10/18/2021 | 10/19/2021 | 10/29/2021 | 0.09371 | 0.09371 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.09211 | 0.09211 | - | - | - | - |
08/23/2021 | 08/24/2021 | 08/31/2021 | 0.09434 | 0.09434 | - | - | - | - |
07/19/2021 | 07/20/2021 | 07/30/2021 | 0.09477 | 0.09477 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.09387 | 0.09387 | - | - | - | - |
05/24/2021 | 05/25/2021 | 05/28/2021 | 0.09508 | 0.09508 | - | - | - | - |
04/19/2021 | 04/20/2021 | 04/30/2021 | 0.08624 | 0.08624 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.10074 | 0.10074 | - | - | - | - |
02/22/2021 | 02/23/2021 | 02/26/2021 | 0.09456 | 0.09456 | - | - | - | - |
01/19/2021 | 01/20/2021 | 01/29/2021 | 0.10139 | 0.10139 | - | - | - | - |
Distribution Information
Frequency Distribution of Discounts & Premiums
Bid/Ask MidPoint Above NAV | |||||||
---|---|---|---|---|---|---|---|
Quarter Ending |
Days | 0.00- 0.25% |
0.26- 0.50% |
0.51- 0.99% |
1.00- 1.49% |
1.50- 1.99% |
≥2.00% |
03/31/2024 | 61 | 12 | 22 | 0 | 0 | 0 | 0 |
12/31/2023 | 63 | 5 | 53 | 5 | 0 | 0 | 0 |
09/30/2023 | 63 | 9 | 54 | 0 | 0 | 0 | 0 |
06/30/2023 | 62 | 29 | 18 | 2 | 0 | 0 | 0 |
Year Ended 2023 | 250 | 65 | 152 | 16 | 0 | 0 | 0 |
Bid/Ask Midpoint Below NAV | |||||||
---|---|---|---|---|---|---|---|
Quarter Ending |
Days | 0.00- 0.25% |
0.26- 0.50% |
0.51- 0.99% |
1.00- 1.49% |
1.50- 1.99% |
≥2.00% |
03/31/2024 | 61 | 11 | 16 | 0 | 0 | 0 | 0 |
12/31/2023 | 63 | 0 | 0 | 0 | 0 | 0 | 0 |
09/30/2023 | 63 | 0 | 0 | 0 | 0 | 0 | 0 |
06/30/2023 | 62 | 13 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2023 | 250 | 16 | 1 | 0 | 0 | 0 | 0 |
Fund Inception : 12/02/2020
Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.
Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.
Fund Documents
Materials & Resources
Risk & Other Information
† Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.
There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer’s credit rating. The values of junk bonds fluctuate more than those of high quality bonds and can decline significantly over short time periods.
Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.
Active trading results in added expenses and may result in a lower return and increased tax liability.
The investment techniques and risk analysis used by the portfolio managers may not produce the desired results.
The Fund’s income may decline when interest rates fall if it holds a significant portion of short duration securities and/or securities with floating or variable interest rates. If the Fund invests in lower yielding bonds, as the bond’s portfolio mature; the Fund will need to purchase additional bonds, thereby reducing its income.
The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.
Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.
Investing in restricted securities, including 144A securities which are restricted (i.e. not publicly traded). The liquidity market for Rule 144A securities may vary, as a result, delay or difficulty in selling such securities may result in a loss to the Fund.
The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
Factor investing is an investment strategy in which securities are chosen based on certain characteristics and attributes that may explain differences in returns. Factor investing represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, both in active or passive vehicles. There can be no assurance that performance will be enhanced or risk will be reduced for strategies that seek to provide exposure to certain factors. Exposure to such investment factors may detract from performance in some market environments, perhaps for extended periods. Factor investing may underperform cap-weighted benchmarks and increase portfolio risk. There is no assurance that the investment strategies discussed in this material will achieve their investment objectives.
Bloomberg US Corp High Yield 2% Issuer Capped Index is an unmanaged index considered representative of the US high-yield, fixed-rate corporate bond market. Index weights for each issuer are capped at 2%.