As per the fund description, PGHY seeks to track the investment results (before fees and expenses) of the DB Global Short Maturity High Yield Bond Index. Global rates are starting to rise, making short-term bond exposure a necessity with ETFs like the Invesco Global Short Term High Yield Bond ETF (PGHY). And the risk of further disruptions to global supply chains is on the rise, with the spread of Omicron threatening to temporarily derail the global recovery.” Counteracting Inflation With More Yield PGHY offers investors the yield they desire in this current fixed income environment.