Invesco U.S. Hybrid Bond ETF (HBRD)

The Invesco U.S. Hybrid Bond ETF (HBRD) is a fixed income fund sponsored by Invesco.

The fund focuses on hybrid securities, which combine features of debt and equity. These can include preferred securities, junior subordinated debt and other capital instruments issued mainly by U.S. banks, insurers, utilities and other corporations. Such securities typically rank below senior bonds in the capital structure and tend to offer higher income in exchange.

Details of whether the fund tracks an index or is actively managed should be confirmed in its prospectus.