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 | 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 |
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 04/23/2024
S&P | Moody's |
---|---|
AAA : 0% | Aaa : 0% |
AA : 0% | Aa : 0% |
BBB : 1% | Baa : 2% |
BB : 58% | Ba : 40% |
B : 32% | B : 46% |
CCC : 4% | Caa : 7% |
CC : 0% | Ca : 0% |
Not Rated : 3% | Not Rated : 5% |
Cash is excluded from the credit rating quality allocations table.
Maturity
Years | % of Fund |
---|---|
0 - 1 years | 0.39 |
1 - 5 years | 67.90 |
5 - 10 years | 28.57 |
10 - 15 years | 0.98 |
15 - 20 years | 0.47 |
20 - 25 years | 0.14 |
25 years and over | 1.55 |
as of 04/23/2024 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 | 2.94% |
CBOT 5 Year US Treasury Note | N/A | 06/28/2024 | N/A | NR/NR | 2.65% |
Churchill Downs Inc | 5.50% | 04/01/2027 | 05/24/2024 | B+/B1 | 0.95% |
USA Compression Partners LP / USA Compression Finance Corp | 6.88% | 09/01/2027 | 05/24/2024 | B+/B2 | 0.79% |
INEOS Finance PLC | 6.75% | 05/15/2028 | 02/15/2025 | BB/Ba3 | 0.78% |
Arches Buyer Inc | 4.25% | 06/01/2028 | 05/24/2024 | B/B1 | 0.76% |
Embecta Corp | 5.00% | 02/15/2030 | 02/15/2027 | B+/Ba3 | 0.73% |
Victoria's Secret & Co | 4.62% | 07/15/2029 | 07/15/2024 | BB-/B1 | 0.72% |
Mueller Water Products Inc | 4.00% | 06/15/2029 | 06/15/2024 | BB/Ba1 | 0.71% |
Videotron Ltd | 5.12% | 04/15/2027 | 05/24/2024 | BB+/Ba2 | 0.70% |
Holdings are subject to change and are not buy/sell recommendations.
as of 04/23/2024 Summary Holdings | View All
Fund Holdings subject to change
Investment | Long / Short | % of Net Assets |
---|---|---|
Communication Services | Long | 9.41 |
Consumer Discretionary | Long | 20.13 |
Consumer Staples | Long | 1.34 |
Derivatives | Long | 5.83 |
Derivatives | Short | -6.74 |
Energy | Long | 12.37 |
Financials | Long | 10.38 |
Health Care | Long | 6.90 |
Industrials | Long | 12.33 |
Information Technology | Long | 5.80 |
Materials | Long | 7.74 |
Real Estate | Long | 5.81 |
Telecommunication Services | Long | 3.59 |
U.S. Government Securities | Long | 0.13 |
UnClassified | Long | 0.17 |
Utilities | Long | 4.83 |
Collateral | Long / Short | % of Net Assets |
No holdings available |
as of 04/23/2024 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 | 2.94 |
CBOT 5 Year US Treasury Note | 2.65 |
CCO Holdings LLC / CCO Holdings Capital Corp | 2.41 |
Venture Global LNG Inc | 1.93 |
CSC Holdings LLC | 1.24 |
Icahn Enterprises LP / Icahn Enterprises Finance Corp | 1.14 |
Navient Corp | 1.11 |
CHS/Community Health Systems Inc | 0.95 |
Churchill Downs Inc | 0.95 |
Rockies Express Pipeline LLC | 0.91 |
Standard Industries Inc/NJ | 0.89 |
Nordstrom Inc | 0.88 |
Gap Inc/The | 0.85 |
Newell Brands Inc | 0.83 |
New Fortress Energy Inc | 0.82 |
NextEra Energy Operating Partners LP | 0.81 |
AdaptHealth LLC | 0.81 |
Xerox Holdings Corp | 0.80 |
Viasat Inc | 0.79 |
USA Compression Partners LP / USA Compression Finance Corp | 0.79 |
INEOS Finance PLC | 0.78 |
Arches Buyer Inc | 0.76 |
MPT Operating Partnership LP / MPT Finance Corp | 0.76 |
Melco Resorts Finance Ltd | 0.74 |
Embecta Corp | 0.73 |
Victoria's Secret & Co | 0.72 |
Mueller Water Products Inc | 0.71 |
Nabors Industries Inc | 0.71 |
Mineral Resources Ltd | 0.71 |
Midcap Financial Issuer Trust | 0.71 |
Hilcorp Energy I LP / Hilcorp Finance Co | 0.71 |
Videotron Ltd | 0.70 |
LCPR Senior Secured Financing DAC | 0.69 |
Cushman & Wakefield US Borrower LLC | 0.69 |
Consolidated Energy Finance SA | 0.68 |
Resorts World Las Vegas LLC / RWLV Capital Inc | 0.67 |
JELD-WEN Inc | 0.67 |
Tenneco Inc | 0.64 |
Western Digital Corp | 0.64 |
OneMain Finance Corp | 0.63 |
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp | 0.63 |
PRA Group Inc | 0.62 |
Macy's Retail Holdings LLC | 0.62 |
DISH DBS Corp | 0.62 |
MPH Acquisition Holdings LLC | 0.61 |
Tempur Sealy International Inc | 0.59 |
Iron Mountain Inc | 0.58 |
Service Properties Trust | 0.58 |
Vistra Operations Co LLC | 0.57 |
AECOM | 0.57 |
Rand Parent LLC | 0.56 |
Neptune Bidco US Inc | 0.56 |
Freedom Mortgage Corp | 0.56 |
Allied Universal Holdco LLC/Allied Universal Finance Corp/At | 0.54 |
Paramount Global | 0.53 |
Altice France SA/France | 0.52 |
Spirit AeroSystems Inc | 0.52 |
Chemours Co/The | 0.51 |
LifePoint Health Inc | 0.50 |
US Acute Care Solutions LLC | 0.48 |
CoreCivic Inc | 0.48 |
Delta Air Lines Inc | 0.48 |
Antero Midstream Partners LP / Antero Midstream Finance Corp | 0.48 |
AmeriGas Partners LP / AmeriGas Finance Corp | 0.48 |
United Wholesale Mortgage LLC | 0.48 |
Comstock Resources Inc | 0.48 |
Summit Midstream Holdings LLC / Summit Midstream Finance Cor | 0.48 |
StoneX Group Inc | 0.47 |
Acrisure LLC / Acrisure Finance Inc | 0.46 |
Marriott Ownership Resorts Inc | 0.46 |
Intelligent Packaging Ltd Finco Inc / Intelligent Packaging | 0.46 |
Newmark Group Inc | 0.46 |
Mallinckrodt International Finance SA / Mallinckrodt CB LLC | 0.46 |
United Rentals North America Inc | 0.45 |
MGM Resorts International | 0.45 |
Encompass Health Corp | 0.45 |
Conduent Business Services LLC / Conduent State & Local Solu | 0.45 |
Brandywine Operating Partnership LP | 0.44 |
Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.44 |
AthenaHealth Group Inc | 0.43 |
EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia | 0.43 |
Taylor Morrison Communities Inc | 0.43 |
American Axle & Manufacturing Inc | 0.42 |
eG Global Finance PLC | 0.42 |
Synchrony Financial | 0.41 |
Rakuten Group Inc | 0.41 |
Nexstar Media Inc | 0.41 |
Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus | 0.41 |
Dana Inc | 0.41 |
Harvest Midstream I LP | 0.41 |
SBA Communications Corp | 0.41 |
Amer Sports Co | 0.41 |
Cinemark USA Inc | 0.40 |
Drax Finco PLC | 0.40 |
Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp | 0.40 |
International Game Technology PLC | 0.40 |
Pitney Bowes Inc | 0.39 |
Jaguar Land Rover Automotive PLC | 0.39 |
Algoma Steel Inc | 0.39 |
Edison International | 0.39 |
Jazz Securities DAC | 0.39 |
Bombardier Inc | 0.39 |
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packag | 0.39 |
Iliad Holding SASU | 0.39 |
Herc Holdings Inc | 0.39 |
Albion Financing 1 SARL / Aggreko Holdings Inc | 0.38 |
Mohegan Tribal Gaming Authority | 0.38 |
Connect Finco SARL / Connect US Finco LLC | 0.38 |
ZF North America Capital Inc | 0.38 |
EquipmentShare.com Inc | 0.37 |
Sotheby's | 0.37 |
Talen Energy Supply LLC | 0.37 |
EnerSys | 0.37 |
Cloud Software Group Inc | 0.37 |
Enerflex Ltd | 0.37 |
Organon & Co / Organon Foreign Debt Co-Issuer BV | 0.36 |
Travel + Leisure Co | 0.36 |
Sirius XM Radio Inc | 0.36 |
LABL Inc | 0.36 |
Jefferies Finance LLC / JFIN Co-Issuer Corp | 0.35 |
Mattamy Group Corp | 0.35 |
Algonquin Power & Utilities Corp | 0.35 |
Bath & Body Works Inc | 0.35 |
C&S Group Enterprises LLC | 0.35 |
EQM Midstream Partners LP | 0.34 |
Buckeye Partners LP | 0.34 |
LGI Homes Inc | 0.34 |
Affinity Interactive | 0.34 |
NCR Atleos Corp | 0.33 |
Crescent Energy Finance LLC | 0.33 |
Resideo Funding Inc | 0.33 |
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc | 0.33 |
Crown Americas LLC / Crown Americas Capital Corp V | 0.33 |
Premier Entertainment Sub LLC / Premier Entertainment Financ | 0.33 |
AAR Escrow Issuer LLC | 0.33 |
Staples Inc | 0.33 |
Smyrna Ready Mix Concrete LLC | 0.32 |
WPX Energy Inc | 0.32 |
American Airlines Inc/AAdvantage Loyalty IP Ltd | 0.31 |
Coinbase Global Inc | 0.31 |
Builders FirstSource Inc | 0.31 |
Veritas US Inc / Veritas Bermuda Ltd | 0.31 |
Freedom Mortgage Holdings LLC | 0.30 |
Scientific Games Holdings LP/Scientific Games US FinCo Inc | 0.30 |
Avient Corp | 0.30 |
Abercrombie & Fitch Management Co | 0.29 |
ACCO Brands Corp | 0.29 |
Titan International Inc | 0.29 |
ams-OSRAM AG | 0.29 |
Genworth Holdings Inc | 0.29 |
QVC Inc | 0.29 |
Frontier North Inc | 0.29 |
Kohl's Corp | 0.29 |
Global Atlantic Fin Co | 0.28 |
TEGNA Inc | 0.28 |
DISH Network Corp | 0.28 |
Scripps Escrow II Inc | 0.28 |
Goodyear Tire & Rubber Co/The | 0.28 |
Delek Logistics Partners LP / Delek Logistics Finance Corp | 0.27 |
GFL Environmental Inc | 0.27 |
NuStar Logistics LP | 0.26 |
Talos Production Inc | 0.26 |
Allegiant Travel Co | 0.26 |
FirstEnergy Corp | 0.26 |
Belo Corp | 0.26 |
Office Properties Income Trust | 0.26 |
Bausch Health Cos Inc | 0.25 |
Windstream Escrow LLC / Windstream Escrow Finance Corp | 0.25 |
Global Net Lease Inc / Global Net Lease Operating Partnershi | 0.25 |
Bread Financial Holdings Inc | 0.24 |
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Alber | 0.24 |
Wolverine World Wide Inc | 0.24 |
NFP Corp | 0.24 |
HLF Financing Sarl LLC / Herbalife International Inc | 0.24 |
Advantage Sales & Marketing Inc | 0.24 |
Ultra U.S. Treasury Bond Futures | 0.23 |
McAfee Corp | 0.23 |
Prime Security Services Borrower LLC / Prime Finance Inc | 0.23 |
WESCO Distribution Inc | 0.23 |
Life Time Inc | 0.23 |
Under Armour Inc | 0.23 |
Tri Pointe Homes Inc | 0.23 |
Specialty Building Products Holdings LLC / SBP Finance Corp | 0.23 |
Mauser Packaging Solutions Holding Co | 0.22 |
Grand Canyon University | 0.22 |
LSF9 Atlantis Holdings LLC / Victra Finance Corp | 0.22 |
Brand Industrial Services Inc | 0.21 |
Edgewell Personal Care Co | 0.21 |
Gen Digital Inc | 0.20 |
ANGI Group LLC | 0.20 |
Gray Television Inc | 0.20 |
Sealed Air Corp | 0.20 |
Genesis Energy LP / Genesis Energy Finance Corp | 0.20 |
Domtar Corp | 0.20 |
Masonite International Corp | 0.20 |
Necessity Retail REIT Inc/The / American Finance Operating P | 0.19 |
Vector Group Ltd | 0.19 |
Covanta Holding Corp | 0.19 |
Cargo Aircraft Management Inc | 0.19 |
Compass Minerals International Inc | 0.19 |
Royal Caribbean Cruises Ltd | 0.19 |
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loy | 0.19 |
Verde Purchaser LLC | 0.19 |
Kaiser Aluminum Corp | 0.18 |
Ally Financial Inc | 0.18 |
Seagate HDD Cayman | 0.18 |
CommScope Inc | 0.18 |
United Airlines Inc | 0.18 |
SunCoke Energy Inc | 0.18 |
G-III Apparel Group Ltd | 0.17 |
Southwestern Energy Co | 0.17 |
Hanesbrands Inc | 0.17 |
Brookfield Residential Properties Inc / Brookfield Residenti | 0.17 |
NRG Energy Inc | 0.17 |
ITT Holdings LLC | 0.16 |
NESCO Holdings II Inc | 0.16 |
GN Bondco LLC | 0.16 |
Camelot Return Merger Sub Inc | 0.16 |
Walgreens Boots Alliance Inc | 0.16 |
GrubHub Holdings Inc | 0.16 |
Zayo Group Holdings Inc | 0.16 |
WR Grace Holdings LLC | 0.16 |
Berry Global Inc | 0.16 |
Ladder Capital Finance Holdings LLLP / Ladder Capital Financ | 0.16 |
ModivCare Escrow Issuer Inc | 0.16 |
Eco Material Technologies Inc | 0.16 |
1375209 BC Ltd | 0.15 |
RegionalCare Hospital Partners Holdings Inc / LifePoint Heal | 0.15 |
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issu | 0.15 |
Prime Healthcare Services Inc | 0.15 |
Live Nation Entertainment Inc | 0.15 |
HAT Holdings I LLC / HAT Holdings II LLC | 0.15 |
Sunnova Energy Corp | 0.15 |
Herbalife Nutrition Ltd / HLF Financing Inc | 0.15 |
Fortress Transportation and Infrastructure Investors LLC | 0.14 |
Civitas Resources Inc | 0.14 |
Baytex Energy Corp | 0.14 |
Arsenal AIC Parent LLC | 0.14 |
iHeartCommunications Inc | 0.14 |
Vail Resorts Inc | 0.14 |
Northriver Midstream Finance LP | 0.14 |
Michaels Cos Inc/The | 0.14 |
Seaspan Corp | 0.14 |
Iron Mountain Information Management Services Inc | 0.13 |
Enviri Corp | 0.13 |
Adams Homes Inc | 0.13 |
Six Flags Theme Parks Inc | 0.13 |
United States Treasury Bill | 0.13 |
Open Text Holdings Inc | 0.13 |
Encino Acquisition Partners Holdings LLC | 0.13 |
Xerox Corp | 0.12 |
Valaris Ltd | 0.12 |
Level 3 Financing Inc | 0.12 |
CD&R Smokey Buyer Inc | 0.11 |
Brightsphere Investment Group Inc | 0.11 |
Air Canada | 0.11 |
Sizzling Platter LLC / Sizzling Platter Finance Corp | 0.11 |
Foot Locker Inc | 0.10 |
Urban One Inc | 0.10 |
Sabre GLBL Inc | 0.10 |
Five Point Operating Co LP / Five Point Capital Corp | 0.10 |
Hess Midstream Operations LP | 0.10 |
Gannett Holdings LLC | 0.10 |
Cedar Fair LP / Canada's Wonderland Co / Magnum Management C | 0.10 |
CNX Resources Corp | 0.09 |
Consolidated Communications Inc | 0.09 |
Lions Gate Capital Holdings LLC | 0.09 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc | 0.09 |
Sealed Air Corp/Sealed Air Corp US | 0.09 |
Liberty Interactive LLC | 0.09 |
Unisys Corp | 0.09 |
Crown Americas LLC / Crown Americas Capital Corp VI | 0.08 |
Cogent Communications Group Inc | 0.08 |
Block Inc | 0.08 |
Sonic Automotive Inc | 0.08 |
Strathcona Resources Ltd/Alberta | 0.08 |
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 | 0.05 |
Coty Inc | 0.04 |
Trinseo Materials Operating SCA / Trinseo Materials Finance | 0.04 |
Radiate Holdco LLC / Radiate Finance Inc | 0.03 |
Global Medical Response Inc | 0.02 |
Endo Dac / Endo Finance LLC / Endo Finco 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.
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%.