Skip to Content
Morningstar

Invesco Fundamental Hi Yld® Corp Bd ETF PHB

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub

Morningstar’s Analysis PHB

Will PHB outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHB’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PHB’s parent organization’s priorities and whether they’re in line with investors’ interests.

Director Bryan Armour

Bryan Armour

Director

Summary

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.

by Bryan Armour
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PHB

More PHB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Synchrony Financial 7.25%

1.26 7.9 Mil
Corporate

United Airlines Holdings Inc 4.875%

1.18 7.4 Mil
Corporate

Windsor Holdings III LLC 8.5%

1.11 7.0 Mil
Corporate

Freeport-McMoRan Inc. 4.625%

1.10 6.9 Mil
Corporate

Ford Motor Credit Company LLC 3.375%

1.09 6.9 Mil
Corporate

Ford Motor Company 3.25%

1.07 6.7 Mil
Corporate

Charter Communications Operating, LLC/Charter Communications Operating Capi

0.99 6.2 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

0.97 6.1 Mil
Corporate

PG&E Corporation 5.25%

0.97 6.1 Mil
Corporate

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.5%

0.96 6.0 Mil
Corporate