This exchange-traded fund (ETF) primarily invests in higher-yielding fixed-income instruments, focusing on corporate bonds and convertibles with credit ratings ranging from B- to BB+. The fund's investment scope is global, allowing it to acquire securities from issuers worldwide, including those in developing nations, and in any currency, without restriction. Its comprehensive investment approach blends a top-down analysis of sector and broad economic patterns with a meticulous bottom-up evaluation. This bottom-up process incorporates fundamental company health, quantitative data, and relative valuation metrics. As an actively managed portfolio, it strategically employs derivatives to control interest rate sensitivity (duration) and mitigate both interest rate and credit-related risks. Up to 15% of the fund's holdings may consist of less liquid assets. The portfolio maintains strong diversification across various industries, ensuring no individual security accounts for more than 5% of its total value. The portfolio managers operate with complete autonomy in their investment choices, factoring in economic and credit fundamentals, market supply-demand dynamics, existing market inefficiencies, and unique situational prospects. Furthermore, their credit research may also integrate Environmental, Social, and Governance (ESG) considerations.

资产类别

Fixed Income

发行方

Invesco

注册地

US

成立日期

2022年12月9日

持仓数量

188

ISIN

US46090A7542