Invesco Fundamental High Yield Corporate Bond ETF PHB uses a fundamental weighting scheme to select high-yield bonds that results in a concentrated portfolio of less-liquid bonds. Its tight focus on a small portfolio with high trading costs potentially destroys any advantage it has over its Morningstar Category index.
Invesco Fundamental Hi Yld® Corp Bd ETF PHB
Morningstar’s Analysis PHB
Will PHB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 9.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Synchrony Financial 7.25% | 1.20 | 6.7 Mil | Corporate |
United Air Lines, Inc. 4.625% | 1.11 | 6.3 Mil | Corporate |
Windsor Holdings III LLC 8.5% | 1.02 | 5.7 Mil | Corporate |
Ford Motor Company 3.25% | 1.01 | 5.7 Mil | Corporate |
Ford Motor Credit Company LLC 3.375% | 0.99 | 5.6 Mil | Corporate |
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% | 0.95 | 5.3 Mil | Corporate |
PG&E Corporation 5.25% | 0.92 | 5.1 Mil | Corporate |
Walgreens Boots Alliance Inc. 3.45% | 0.85 | 4.8 Mil | Corporate |
Tenet Healthcare Corporation 6.125% | 0.83 | 4.7 Mil | Corporate |
DPL Inc. 4.125% | 0.81 | 4.5 Mil | Corporate |