Invesco High Yield Bond Factor ETF
IHYF
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- United States of America
- IPO Date
- Dec 7, 2020
- Similar Companies
- Business
- Invesco High Yield Bond Factor ETF (IHYF) is an actively managed exchange-traded fund that seeks total return by investing at least 80% of its net assets in high-yield, below-investment grade fixed-income securities, as well as derivatives and other instruments with similar economic characteristics. The fund employs a factor-based investment strategy, systematically targeting securities from its benchmark index—the Bloomberg US Corporate High Yield 2% Issuer Capped Total Return Index—that exhibit quantifiable issuer characteristics expected to deliver higher returns over market cycles compared to peers with similar attributes; its portfolio typically features short-to-intermediate maturities (primarily 1-5 years), with allocations across sectors including consumer discretionary, industrials, communication services, energy, and financials, and top holdings such as CBOT US Treasury Notes, James Hardie International Finance DAC bonds, and Directv Financing LLC notes. IHYF trades on the NASDAQ exchange with a net expense ratio of 0.39% and provides monthly distributions primarily from ordinary income. Launched on December 2, 2020, and issued by Invesco Ltd., a global investment management firm headquartered in Atlanta, Georgia, the ETF operates primarily in the U.S. market, offering exposure to U.S. dollar-denominated high-yield corporate bonds for income-focused investors, including retail and institutional clients seeking alternatives to passive high-yield strategies. Recent portfolio adjustments reflect ongoing active management amid shifting interest rates, with as-of-October 2025 holdings showing increased emphasis on derivatives (12.12% long futures exposure, -11.60% short), U.S. Treasury futures for hedging, and diversified below-investment-grade credits rated predominantly BB/B (around 55%/42%) and B (35%/43%), alongside sustained monthly payouts averaging approximately $0.13 per share in 2025. The fund has maintained stable assets under management near $108 million, with no reported acquisitions, mergers, or structural changes in the past 1-2 years, underscoring its focus on factor-driven outperformance rather than operational shifts.