PHBInvesco Fundamental High Yield Corporate Bond ETF
PHB Fund Description
PHB tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3/B- and Ba1/BB+.
PHB Factset Analytics Insight
PHB invests in high-yield corporate bonds rated at Ba1/BB+ or lower but not below B3/B- by Moody's or S&P. The starting universe begins with all US-based publicly traded corporations that are scored by RAFI using four fundamental factors: book value of assets, gross sales, gross dividends, and cash flow. Only companies with positive scores are selected. There are two distinct maturity cells (1—5 years and 5—10 years) that the index employs, which allow up to two bonds per issuer. The issues are weighted proportionally to a company’s RAFI score. The RAFI-patented fundamental weighting scheme normally results in overweighting of higher-quality bonds. The index is reconstituted monthly and rebalanced annually for new RAFI scores.
PHB MSCI ESG Analytics Insight
Invesco Fundamental High Yield Corporate Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.95 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco Fundamental High Yield Corporate Bond ETF ranks in the 10th percentile within its peer group and in the 38th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PHB Portfolio Data
PHB Index Data
PHB Portfolio Management
PHB Tax Exposures
PHB Fund Structure
PHB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PHB. PHB is rated a N/A out of 5.
PHB Sector/Industry Breakdown
PHB Top 10 Holdings[View All]
PHB Top 5 Countries
PHB Top 5 Currencies