Invesco Global ex-US High Yield Corporate Bond ETF
$19.29−0.16 (−0.82%)
- Expense ratio
- 0.35%
- Fund size
- $230M
- 1Y return
- +3.4%
- Yield · Last 12 months
- 7.15%
- Holdings
- 601
- Volume · 30D
- 0M sh
- NAV per share
- $19.35
- 52W range
The ETF.net PGHY Grade
Score 61 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.AScore 93Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 45Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 72Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on PGHY
BNearly every high-yield bond ETF is a bet on American junk debt. PGHY deliberately leaves the US out, tracking an index of dollar-denominated high-yield corporates from issuers everywhere else.
The Fund is designed to track the ICE USD Global High Yield Excluding US Issuers Constrained Index, providing exposure to global high-yield debt issued outside the United States.
Why people hold it
- The ex-US filter is the whole point: the index screens out US issuers, leaving roughly 600 high-yield corporate bonds from borrowers across the rest of the world in one US-listed ticker.invesco.com
- The index sticks to USD-denominated debt, so the bonds themselves aren't priced in foreign currencies. Foreign credit exposure, without the bonds moving on FX swings.invesco.com
- 0.35% a year, below the typical high-yield ETF fee, with income paid out monthly rather than quarterly.
- Live since 2013, making it one of the longer-running ways to hold non-US high yield off a single US exchange listing.
Worth knowing
- Specialist pricing. Broad US high-yield funds like SCYB, SPHY and USHY charge under a tenth of a percent, so the ex-US mandate carries a real fee premium.
- Its index tracking has been looser than the tightest trackers in the high-yield group, and overall it sits in the lower half of that peer set.
- A modest-sized, moderately traded fund, so bid-ask spreads can run wider than the giants of the high-yield aisle.
PGHY Holdings
- Bonds
- 601
- 8%
- USD Pending Dividends
Sectors
- Energy96.1%
- Consumer Discr.3.9%
Geography
- United Kingdom10.99%
- Canada10.21%
- Luxembourg8.03%
- Turkey6.80%
- Cayman Islands6.48%
- United States5.63%
- Japan5.20%
- Mexico4.47%
- 42.18%
Developed 51% · Emerging 49%
PGHY 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 | PGHY |
|---|---|
| Year to date | +2.9% |
| 1 month | −0.4% |
| 3 months | +0.5% |
| 1 year | +3.4% |
| 3 years | +8.5% |
| 5 years | +4.7% |
| 10 years | +4.0% |
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 | PGHY |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +8.9% | |
| 2024 | +8.4% | |
| 2023 | +10.1% | |
| 2022 | −5.5% | |
| 2021 | +1.2% | |
| 2020 | +3.0% |
PGHY in the news
ETF.net Research hasn’t filed on PGHY yet — coverage lands here as it’s written.
PGHY Dividends
- 7.15%
- $1.39
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.11 |
| Aug 24, 2026 | Aug 28, 2026 | $0.11 |
| Jul 20, 2026 | Jul 24, 2026 | $0.11 |
| Jun 22, 2026 | Jun 26, 2026 | $0.11 |
| May 18, 2026 | May 22, 2026 | $0.12 |
| Apr 20, 2026 | Apr 24, 2026 | $0.11 |
| Mar 23, 2026 | Mar 27, 2026 | $0.11 |
| Feb 23, 2026 | Feb 27, 2026 | $0.11 |
| Jan 20, 2026 | Jan 23, 2026 | $0.12 |
| Dec 22, 2025 | Dec 26, 2025 | $0.13 |
| Nov 24, 2025 | Nov 28, 2025 | $0.12 |
| Oct 20, 2025 | Oct 24, 2025 | $0.12 |
PGHY Risk
- 4.7%
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.
- 0.77
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.
- −9.2%
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.
- 0.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PGHY Cost
- The middle half of International High Yield Bond funds
- Median 0.46%
No International High Yield Bond fund charges less.