Invesco Global ex-US High Yield Corporate Bond ETF
$19.07+0.03 (+0.13%)
- 0.35%
- $227M
- +3.3%
- 7.30%
- 0M sh
- $19.03
- low $18.96high $20.19
The ETF.net PGHY Grade
B
Score 62 out of 100
- 5 of 13
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A93 out of 100Rank 1 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.C47 out of 100Rank 11 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 12 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 5 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 4 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 5 of 13
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
- 603
- 7%
- USD Pending Dividends
Sectors
- Energy96.1%
- Consumer Discretionary3.9%
Geography
- United Kingdom11.03%
- Canada10.28%
- Luxembourg8.34%
- Turkey6.90%
- Cayman Islands6.47%
- United States5.59%
- Japan5.32%
- Mexico4.55%
- 41.51%
Developed 52% · Emerging 48%
PGHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PGHY$10,331
Returns run to the Oct 12, 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 | +0.8% |
| 1 month | −1.9% |
| 3 months | −2.1% |
| 1 year | +3.3% |
| 3 years | +8.2% |
| 5 years | +4.4% |
| 10 years | +3.7% |
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 | +0.8% | |
| 2025 | +8.9% | |
| 2024 | +8.4% | |
| 2023 | +10.1% | |
| 2022 | −5.5% | |
| 2021 | +1.2% | |
| 2020 | +3.0% |
PGHY in the news
PGHY Dividends
- 7.30%
- $1.39
- $0.11 per share
- Monthly
Distribution history
PGHY Risk
- 4.9%
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.
- 0.69
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.
- −9.1%
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
0.35%
PGHY0.35%
- The middle half of International High Yield Bond funds
- Median 0.46%
No International High Yield Bond fund charges less.
Other funds in International High Yield Bond
- BHYEMVanEck Emerging Markets High Yield Bond ETFExpense ratio 0.40%1 year return +5.0%
- BGHYGiShares US & Intl High Yield Corp Bond ETFExpense ratio 0.40%1 year return +1.1%
- BEMHYiShares J.P. Morgan EM High Yield Bond ETFExpense ratio 0.50%1 year return +5.4%
- BIHYVanEck International High Yield Bond ETFExpense ratio 0.40%1 year return +1.0%
- CNJNKColumbia U.S. High Yield ETFExpense ratio 0.46%1 year return +2.9%