Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)

The fund aims to track the total return performance of the FTSE Time-Weighted US Fallen Angel Bond Select Index, less fees.

The fund is exposed to high yield debt securities, specifically focusing on fallen angels - bonds previously rated investment-grade but downgraded to high-yield. It includes USD-denominated bonds issued by corporations in the US or Canada, with weights determined based on the time from inclusion.

Investors should be aware that the value of investments and any income from them may fluctuate, partly due to changes in exchange rates. The fund may be exposed to credit risk, interest rate risk, and concentration risk in specific regions or sectors, potentially leading to greater fluctuations in value.

https://www.invesco.com/uk/en/financial-products/etfs/invesco-us-high-yield-fallen-angels-ucits-etf-dist.html