Invesco High Yield Systematic Bond ETF
$21.83−0.16 (−0.75%)
- Expense ratio
- 0.39%
- Fund size
- $179M
- 1Y return
- —
- Yield · Last 12 months
- 7.05%
- Holdings
- 472
- Volume · 30D
- 0M sh
- NAV per share
- $21.98
- 52W range
The ETF.net GTOQ Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 58Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 48Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on GTOQ
BA quant twist on junk bonds: GTOQ screens high-yield debt for value and low-volatility bonds instead of buying the index wholesale. Actively run, roughly 500 holdings, monthly payouts, at a fee near the middle of its category.
The Fund seeks total return through active investment in high-yield, below-investment-grade fixed-income securities. Its systematic factor strategy targets quantifiable characteristics such as value and low volatility.
Why people hold it
- Rules over hunches: a systematic factor process tilts the portfolio toward value and low-volatility high-yield bonds, per the fund's stated objective.
- 0.39% buys active management in a corner of the market where most competitors are passive index trackers; that sits around the middle of the category's fee range.
- Spreads credit risk across roughly 500 below-investment-grade bonds and pays income monthly.
Worth knowing
- The cheap index crowd (SCYB, SPHY, USHY) charges a small fraction of 0.39%, so the factor process starts each year with a cost hurdle to clear.
- Below-investment-grade credit is the whole point here: higher default risk, and prices that can drop quickly when credit spreads widen.
- Until February 2026 this was IHYF, the Invesco High Yield Bond Factor ETF; the rename also added portfolio managers, so older data may sit under the old ticker.sec.gov
GTOQ Holdings
- Bonds
- 472
- 7%
- USD Pending Dividends
GTOQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GTOQ |
|---|---|
| Year to date | — |
| 1 month | −0.6% |
| 3 months | +0.4% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GTOQ |
|---|---|---|
| 2026 YTD | +1.4% |
GTOQ in the news
ETF.net Research hasn’t filed on GTOQ yet — coverage lands here as it’s written.
GTOQ Dividends
- 7.05%
- $1.55
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.14 |
| Aug 24, 2026 | Aug 28, 2026 | $0.13 |
| Jul 20, 2026 | Jul 24, 2026 | $0.13 |
| Jun 22, 2026 | Jun 26, 2026 | $0.13 |
| May 18, 2026 | May 22, 2026 | $0.13 |
| Apr 20, 2026 | Apr 24, 2026 | $0.13 |
| Mar 23, 2026 | Mar 27, 2026 | $0.12 |
| Feb 23, 2026 | Feb 27, 2026 | $0.12 |
| Jan 20, 2026 | Jan 23, 2026 | $0.13 |
| Dec 22, 2025 | Dec 26, 2025 | $0.13 |
| Nov 24, 2025 | Nov 28, 2025 | $0.13 |
| Oct 20, 2025 | Oct 24, 2025 | $0.15 |
GTOQ Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GTOQ Cost
- The middle half of US High Yield funds
- Median 0.43%
29 of the 84 US High Yield funds charge less.