ETF Evaluator: Invesco Fdmtl Invmt Grd Corp Bd ETF () Follow This ETF

Invesco Fdmtl Invmt Grd Corp Bd ETF Overview

Invesco Fdmtl Invmt Grd Corp Bd ETF (PFIG) is a passively managed Taxable Bond Corporate Bond exchange-traded fund (ETF). Invesco launched the ETF in 2011.

The investment seeks to track the investment results of the RAFI® Bonds U.S. Investment Grade 1-10 Index. The fund generally will invest at least 80% of its total assets in the components that comprise the index. The index is designed to measure the performance of U.S. dollar-denominated, investment grade corporate bonds that are SEC-registered securities, Section 3(a)(2) securities under the Securities Act of 1933 (“Securities Act”), or Rule 144A securities under the Securities Act and whose issuers are public companies domiciled in the United States.

About Invesco Fdmtl Invmt Grd Corp Bd ETF (PFIG)

There are 4 members of the management team with an average tenure of 11.11 years: Peter Hubbard (2011), Gary Jones (2012), Richard Ose (2014) and Elizabeth Sanford (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and RAFI Bonds US Invst Grd 1-10 TR USD index with a weighting of 100%. Invesco Fdmtl Invmt Grd Corp Bd ETF has 817 securities in its portfolio. The top 10 holdings constitute 5.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Invesco Fdmtl Invmt Grd Corp Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Invesco Fdmtl Invmt Grd Corp Bd ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.7% (97.1% domestic bond, 0.7% foreign bond and 0.0% convertible bond). Invesco Fdmtl Invmt Grd Corp Bd ETF has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $117 million in total assets, which is below the $3 billion average for the Corporate Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PFIG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Fdmtl Invmt Grd Corp Bd ETF expense ratio is below average compared to funds in the Corporate Bond category. Invesco Fdmtl Invmt Grd Corp Bd ETF has an expense ratio of 0.22%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Fdmtl Invmt Grd Corp Bd ETF has a portfolio turnover rate of 29%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 58% for the Corporate Bond category.

Recently, in the month of July 2026, Invesco Fdmtl Invmt Grd Corp Bd ETF returned -0.7%, which earned it a grade of A, as the Corporate Bond category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Invesco Fdmtl Invmt Grd Corp Bd ETF has a trailing yield of 4.47%, which is below the 5.07% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Invesco Fdmtl Invmt Grd Corp Bd ETF Grades

Year to date, the ETF has returned -0.1%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 3.0% over the past year (grade of B), 5.0% over the past three years (grade of B) and 1.0% per year over the past five years (grade of A) and 2.3% per year over the past 10 years (grade of C).

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