Invesco Fundamental High Yield Corporate Bond ETFInvesco Fundamental High Yield Corporate Bond ETFInvesco Fundamental High Yield Corporate Bond ETF

Invesco Fundamental High Yield Corporate Bond ETF

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Key stats

Assets under management (AUM)
‪646.06 M‬USD
Fund flows (1Y)
‪63.46 M‬USD
Dividend yield (indicated)
5.07%
Discount/Premium to NAV
0.07%

About Invesco Fundamental High Yield Corporate Bond ETF

Issuer
Invesco Ltd.
Brand
Invesco
Expense ratio
0.50%
Home page
Inception date
Nov 15, 2007
Index tracked
RAFI Bonds US High Yield 1-10 Index
Management style
Passive
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 (15 years and 510 years) that the index employs, which allow up to two bonds per issuer. The issues are weighted proportionally to a companys 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.

Classification

Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Intermediate
Strategy
Fundamental
Weighting scheme
Fundamental
Selection criteria
Fundamental
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate98.59%
Miscellaneous1.09%
Mutual fund0.33%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy