PHB Invesco Fundamental High Yield Corporate Bond ETF
What is PHB?
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 Summary Data
Peers
Fund Flows
PHB Portfolio Data
PHB Index Data
PHB Portfolio Management
PHB Tax Exposures
PHB Fund Structure
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 Tradability
PHB Sector/Industry Breakdown
Benchmark
PHB Top 10 Holdings
PHB Performance Statistics
PHB Top 5 Countries
Benchmark
PHB Top 5 Currencies
Benchmark