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Invesco Fundamental Hi Yld® Corp Bd ETF PHB

Analyst 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.

A risky approach to weighting creates issues for this fund.

Summary

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Invesco Fundamental High Yield Corporate Bond ETF PHB uses an alternative weighting scheme that creates a concentrated portfolio of smaller and less liquid high-yield bonds. Its tight focus on a few large positions with high trading costs destroys any advantage it has over ICE Bank of America High Yield Index. It receives a Morningstar Analyst Rating of Negative.

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