Invesco Fundamental High Yield Corporate Bond ETF
PHB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Nov 15, 2007
- CIK
- 0001378872
- Similar Companies
- Business
- Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that seeks to track the performance of the RAFI Bonds US High Yield 1-10 Index, focusing on U.S. dollar-denominated high yield corporate bonds issued by public U.S.-domiciled companies; the underlying index includes only investible, non-convertible, non-exchangeable, fixed-coupon bonds with maturities between 1 and 10 years that are SEC-registered, Section 3(a)(2), or Rule 144A securities. The fund generally invests at least 80% of its total assets in index components or a representative sampling thereof, with holdings diversified across sectors such as consumer cyclical (26.30%), consumer non-cyclical (11.83%), technology (8.79%), and communications (7.69%), and credit ratings primarily in BB (69.33%) and BBB (22.61%) categories; top holdings as of June 30, 2025, include Walgreens Boots Alliance Inc. 3.45% due 2026 (1.62%), Albertsons Cos Inc. 6.25% due 2033 (1.23%), and Windsor Holdings III LLC 8.50% due 2030 (1.11%). Launched on November 15, 2007, and listed on NYSE Arca with CUSIP 46138E719, PHB employs a monthly rebalancing and annual reconstitution methodology in March, delivering a 30-day SEC yield of 5.77%, an effective duration of 3.54 years, a total expense ratio of 0.50%, and approximately 258 holdings as of mid-2025, with assets under management around $350.91 million. PHB operates exclusively within the U.S. fixed income market, targeting high yield (junk bond) investors seeking income from below-investment-grade corporate debt while applying Research Affiliates' Fundamental Index methodology for weighting based on fundamental metrics rather than market capitalization. The ETF is issued and managed by Invesco Ltd., a global investment management firm founded in 1935 and headquartered at Midtown Union, 1331 Spring Street, Atlanta, Georgia, which oversees a broad suite of mutual funds, ETFs, closed-end funds, and alternative investments with over $2 trillion in assets under management and operations in 25 countries. In recent developments, Invesco completed the first phase of its strategic partnership acceleration with Barings in October 2025 to expand private markets capabilities, complementing ongoing growth in its ETF offerings including PHB amid favorable high yield market conditions; the firm also reported strong net long-term inflows and AUM expansion to $2.1666 trillion as of October 31, 2025, reflecting robust demand for fixed income strategies. No specific product launches, acquisitions, or reorganizations directly affecting PHB were announced in 2024-2025, with the fund maintaining its core strategy and sampling approach amid periodic index updates. Performance as of June 30, 2025, showed a one-year NAV return of 8.36% and inception-to-date return of 3.76%, underscoring resilience in the high yield segment.