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Invesco Fundamental Hi Yld® Corp Bd ETF PHB

Analyst rating as of
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Morningstar’s Analysis

Will PHB outperform in future?

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

While this fund avoids the riskiest debt, there is more to be desired.

Summary

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Invesco Fundamental High Yield Corporate Bond ETF PHB avoids the lowest-quality issuers in the high-yield corporate bond market, along with the drawbacks of market-value weighting. However, the strategy’s weighting scheme does not specifically address an issuer’s ability to repay its obligations, focusing instead on equity-centric metrics. As a result, the fund earns a Morningstar Analyst Rating of Neutral.

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