SCHEDULE 13G/A: Bank of New York Mellon Affiliates Disclose 10.5% Stake in Invesco High Yield Corporate Bond ETF

Bank of New York Mellon Corporation and its subsidiaries have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 10.5% in the Invesco Fundamental High Yield Corporate Bond ETF as of January 31, 2025.

Summary

• The Bank of New York Mellon Corporation and its direct and indirect subsidiaries, including BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc., collectively reported beneficial ownership of approximately 10.5% of the Invesco Fundamental High Yield Corporate Bond ETF.
• As of January 31, 2025, the aggregate amount beneficially owned by The Bank of New York Mellon Corp is 2,097,301 shares, representing 10.5% of the class.
• BNY Mellon IHC, LLC, MBC Investments Corp, and BNY Mellon Advisors, Inc. each reported beneficial ownership of 2,097,299 shares, also representing 10.5% of the class.
• The reported shares are held in various fiduciary capacities, meaning other entities are entitled to dividends or proceeds from the sale of these securities.
• The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral, factual regulatory filing disclosing beneficial ownership. It contains no positive or negative operational or financial news about the issuer, Invesco Exchange-Traded Fund Trust II, nor does it indicate any strategic intent by the reporting entity, Bank of New York Mellon, to influence the issuer.

Risks

• The filing explicitly states that it should not be construed as an admission that The Bank of New York Mellon Corporation or its subsidiaries are the beneficial owners for the purposes of Section 13(d) or 13(g) of the Act, highlighting the complex nature of beneficial ownership definitions.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a routine disclosure by a large financial institution, The Bank of New York Mellon Corporation, detailing its passive beneficial ownership stake in an Invesco Exchange-Traded Fund. Such filings provide transparency into significant institutional holdings in publicly traded securities, particularly ETFs, which are common vehicles for diversified investment strategies. The nature of the filing indicates a passive investment, consistent with the role of a major custodian and asset manager.

Stakeholder Impact

• Shareholders of Invesco Fundamental High Yield Corporate Bond ETF gain transparency regarding a significant institutional holder's passive stake.
• Regulatory bodies receive updated information on beneficial ownership, ensuring compliance with SEC rules.

Key Dates

Keywords

Beneficial Ownership, SEC Filing, Schedule 13G, Invesco, Exchange-Traded Fund, ETF, High Yield Corporate Bond, Bank of New York Mellon, Investment Management, Institutional Investor