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.
Morningstar’s Analysis PHB
Will PHB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.