Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Invesco Global ex-US High Yield Corporate Bond ETF
$18.82+0.07 (+0.37%)
- 0.35%
- $224M
- +0.8%
- 7.41%
- 46.7K sh
- low $18.75high $20.19
The ETF.net PGHY Grade
B
Score 63 out of 100
- 5 of 13
Score 63 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.C45 out of 100Rank 11 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 11 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 8 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 2 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
In short
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.
Stated mandate
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
Worth knowing
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$10,084
Returns run to the Oct 30, 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 | −0.2% |
| 1 month | −1.2% |
| 3 months | −2.5% |
| 1 year | +0.8% |
| 3 years | +8.1% |
| 5 years | +4.1% |
| 10 years | +3.6% |
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 | −0.2% | |
| 2025 | +8.9% | |
| 2024 | +8.4% | |
| 2023 | +10.1% | |
| 2022 | −5.5% | |
| 2021 | +1.2% | |
| 2020 | +3.0% |
PGHY in the news
PGHY Dividends
- 7.41%
- $1.39
- $0.11 per share
- Monthly
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.
- 0.71
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.
FMP measures it over up to five years of monthly returns.
PGHY Cost
Tied cheapest in International High Yield Bond
$7,126
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PGHY 0.35%
$7,126
Cost over time
Year by year
| Year | PGHY |
|---|---|
| 10 | $634 |
| 20 | $2,454 |
| 30 | $7,126 |
Other funds in International High Yield Bond
- BHYEMVanEck Emerging Markets High Yield Bond ETFExpense ratio 0.40%1 year return +3.2%
- BIHYVanEck International High Yield Bond ETFExpense ratio 0.40%1 year return −0.4%
- BEMHYiShares J.P. Morgan EM High Yield Bond ETFExpense ratio 0.50%1 year return +2.5%
- CFHYSFederated Hermes Short Duration High Yield ETFExpense ratio 0.50%1 year return +3.4%
- CNJNKColumbia U.S. High Yield ETFExpense ratio 0.46%1 year return +2.0%
