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GMO Systematic Investment Grade Credit ETF (INVG)
About this ETF
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…
Price
Top 10 holdings
| FEDEX CORP | 1.06% |
| MARRIOTT INTERNATIONAL | 1.02% |
| TEXAS INSTRUMENTS INC | 1.02% |
| MAREX GROUP PLC | 1.02% |
| AMERICAN ASSETS TRUST LP | 1.02% |
| PINNACLE BANK TN | 1.02% |
| MARVELL TECHNOLOGY INC | 1.01% |
| MARRIOTT INTERNATIONAL | 1.01% |
| SYSTEM ENERGY RESOURCES | 1.01% |
| MARVELL TECHNOLOGY INC | 1.01% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | -1.26% |
| 3 months | -1.45% |
| 6 months | -2.25% |
| Year to date | -1.95% |
| 1 year | -0.51% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 4.69% |
| Sharpe (1y) | -0.09 |
| Sharpe (3y) | — |
| Sortino (1y) | -0.13 |
| Max drawdown (1y) | -4.35% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -4.35% |
| Beta vs S&P 500 (1y) | 0.14 |
| Correlation vs S&P 500 (1y) | 0.38 |
Technical outlook as of 2026-07-14
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-30 | 2026-07-01 | USD 0.0970 |
| 2026-05-29 | 2026-06-01 | USD 0.1090 |
| 2026-04-30 | 2026-05-01 | USD 0.0870 |
| 2026-03-31 | 2026-04-01 | USD 0.1050 |
| 2026-03-02 | 2026-03-03 | USD 0.0860 |
| 2026-01-30 | 2026-02-02 | USD 0.0780 |
| 2025-12-30 | 2025-12-31 | USD 0.1801 |
| 2025-11-28 | 2025-12-01 | USD 0.0930 |
| 2025-10-31 | 2025-11-03 | USD 0.0780 |
| 2025-09-30 | 2025-10-01 | USD 0.0730 |
| 2025-08-29 | 2025-09-02 | USD 0.1160 |
| 2025-07-31 | — | USD 0.0970 |
| 2025-07-01 | — | USD 0.0840 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.00% | -0.14% | -0.02 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.02% | -0.05% | 0.01 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.51% | -2.34% | -0.55 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.01% | 0.01 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.62% | -0.21 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -0.78% | -0.36 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.85% | -0.39% | -0.07 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.26% | -0.64% | -0.13 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.46% | -0.57% | -0.24 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.88% | -1.01% | -0.27 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
