PHB

Invesco Fundamental High Yield Corporate Bond ETF
B

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*Unless otherwise stated, data provided by FactSet.

PHB Fund Description

PHB tracks an index of high yield corporate bonds that must be rated at Ba1/BB+ or lower, but not below B3/B- by Moody's or S&P.

PHB Factset Analytics Insight

PHB is a unique play on the junk bond theme. Rather than a typical market-value weighting scheme, PHB uses the RAFI patented fundamental weighting scheme, resulting in overweighting of higher quality bonds. Its average credit rating of BB- is one of the highest in the segment, giving it less credit risk than our benchmark, along with a lower yield. PHB overwieghts debts with 7-10 years remaining in maturity compared to our benchmark, but still has a lower average maturity than our benchmark. However, it winds up with a higher sensitivity to changes in interest rates. PHB is extremely Tradable on a retail basis, but like many funds operating in the junk bond space, its underlying liquidity is weak. PHB is reasonably priced, especially when you consider that for its fee you get access to a fundamentally-weighted index that rebalances monthly. However, holding costs can vary substantially due to some volatility in its tracking.

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 3.59 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 15th percentile within its peer group and in the 84th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PHB Charts And Performance

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PERFORMANCE [as of 09/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PHB 1.40% 2.75% 11.19% 7.59% 5.06% 4.24% 6.26%
PHB (NAV) 1.37% 2.72% 10.91% 7.46% 4.88% 4.24% 6.45%
RAFI Bonds US High Yield 1-10 Index -- -- -- -- -- -- 6.45%
Bloomberg Barclays Intermediate US High Yield Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PHB Summary Data

Invesco
11/15/07
Open-Ended Fund
0.50%
$776.03M
$4.79M
0.05%

PHB Portfolio Data

3.13
--
4.74%
09/23/19
238

PHB Index Data

Fundamental
Fundamental
Bloomberg Barclays Intermediate US High Yield Index

PHB Portfolio Management

0.50%
-0.64%
-0.58%
-0.79%

PHB Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PHB Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PHB Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

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 Tradability

252,395
$4.79M
160,186
$3.03M
0.05%
$0.01
-0.09%
0.29% / -0.98%
None
100.00%
100,000
1.60
0.03%
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41
$19.12
N/A

PHB Sector/Industry Breakdown


PHB
Segment Benchmark
82.65%
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15.06%
--
2.09%
--
0.20%
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PHB Top 10 Holdings[View All]

1.64%
1.34%
1.06%
1.04%
0.95%
0.89%
0.87%
0.85%
0.84%
0.83%
10.31%

PHB Top 5 Countries


PHB
Segment Benchmark
98.08%
--
0.98%
--
0.94%
--

PHB Top 5 Currencies


PHB
Segment Benchmark
100.00%
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PHB Performance Statistics

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--
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PHB MSCI ESG Ratings

BB
3.59 / 10
83.59
14.76
6.24%
2.98%
316.62

PHB Holdings Statistics

3.75 years
3.13
4.74%
3.13
Low
238
2.43%

PHB Avg Life Maturity Distribution

14.15%
15.60%
14.97%
18.96%
--
--
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PHB OAS Breakdown

44.58%
23.47%
10.00%
4.04%
2.36%
1.99%
2.40%
--
--
1.30%