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About GMO Systematic Investment Grade Credit ETF
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Inception date
Jun 3, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Grantham, Mayo, Van Otterloo & Co. LLC
Distributor
Foreside Fund Services LLC
ISIN
US90139K5065
INVG seeks to outperform the Bloomberg U.S. Corporate Index through a systematic multi-factor approach. While aiming for similar exposures to its benchmark, the fund targets more liquid, investment grade corporate bonds of various maturities that include those issued by both US and non-US companies. The fund analyzes various factors (e.g., value, quality, momentum, and fundamentals), captured through proprietary fair value models that measure default risk and market momentum. The strategy aims for attractive risk/return opportunities while limiting tracking err by managing country, sector, issuer exposure, liquidity, interest rate, and credit spread risks. As an actively managed fund, the portfolio manager has full discretion to adjust the portfolio at any time. INVG may also invest in derivatives and other ETFs, as well as US Treasury and money market funds or instruments.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.16%
Cash0.84%
Stock breakdown by region
North America91.75%
Europe7.59%
Oceania0.66%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
INVG top holdings are Western Midstream Operating, LP 5.3% 01-MAR-2048 and BorgWarner Inc. 4.95% 15-AUG-2029, occupying 1.11% and 1.05% of the portfolio correspondingly.
INVG last dividends amounted to 0.12 USD. The month before, the issuer paid 0.10 USD in dividends, which shows a 16.64% increase.
INVG assets under management is 6.43 M USD. It's fallen 16.15% over the last month.
INVG fund flows account for 1.23 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, INVG pays dividends to its holders with the dividend yield of 4.65%. The last dividend (Sep 2, 2025) amounted to 0.12 USD. The dividends are paid monthly.
INVG shares are issued by Grantham, Mayo, Van Otterloo & Co. LLC under the brand GMO. The ETF was launched on Jun 3, 2025, and its management style is Active.
INVG expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
INVG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
INVG invests in bonds.
INVG trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.