| Investment Objective: |
The Invesco U.S. Hybrid Bond ETF (the "Fund") seeks to track the investment results of the ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index (the "Underlying Index"). The index is designed to track the performance of U.S. dollar denominated hybrid corporate debt publicly issued and settled in the U.S. domestic market. Hybrid corporate bonds are securities that contain features of both bonds and equities. In addition, qualifying securities must have risk exposure to countries that are members of the foreign exchange G10 currencies (the "FX G10"), Western Europe or territories of the U.S. and Western Europe. The FX G10 includes all Euro (EUR) members, the U.S., Japan, the U.K., Canada, Australia, New Zealand, Switzerland, Norway and Sweden. Fixed-to- floating rate securities, which are securities that have an initial term with a fixed dividend rate and following this initial term bear a floating dividend rate, are included in the Underlying Index, provided they are callable within the fixed rate period and are at least one year from the last call prior to the date the bond transitions from a fixed to a floating rate security. |
