Invesco Fundamental High Yield Corporate Bond ETF (PHB)
| Assets | $348.75M |
| Expense Ratio | 0.50% |
| PE Ratio | n/a |
| Shares Out | 19.00M |
| Dividend (ttm) | $1.05 |
| Dividend Yield | 5.70% |
| Ex-Dividend Date | Jul 21, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 36,058 |
| Open | 18.33 |
| Previous Close | 18.33 |
| Day's Range | 18.32 - 18.36 |
| 52-Week Low | 17.33 |
| 52-Week High | 18.65 |
| Beta | 0.37 |
| Holdings | 263 |
| Inception Date | Nov 15, 2007 |
About PHB
Fund Home PageThe Invesco Fundamental High Yield Corporate Bond ETF (PHB) is an exchange-traded fund that is based on the RAFI Bonds US High Yield 1-10 index. The fund tracks a fundamental-weighted index of high-yield US corporate bonds that must be rated between B3/B- and Ba1/BB+. PHB was launched on Nov 15, 2007 and is issued by Invesco.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 21, 2025 | $0.08342 | Jul 25, 2025 |
| Jun 23, 2025 | $0.08083 | Jun 27, 2025 |
| May 19, 2025 | $0.08095 | May 23, 2025 |
| Apr 21, 2025 | $0.08136 | Apr 25, 2025 |
| Mar 24, 2025 | $0.08778 | Mar 28, 2025 |
| Feb 24, 2025 | $0.086 | Feb 28, 2025 |
Performance
PHB had a total return of 6.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.59%.
News
PHB: High-Yield Bond ETF Lagging Competitors
The Invesco Fundamental High Yield Corporate Bond ETF invests in high-yield bonds based on fundamental metrics of their issuers. PHB has underperformed a high-yield bond benchmark since 2007. It has a...
PHB: Trump Means Caution On Duration Bets
The PHB has higher expense ratios than functionally similar high-yield ETFs. Credit spreads are low despite economic challenges already brought on by unsubtle pre-administration rhetoric crystallising...
PHB: Unconvincing Junk Bond Strategy
Invesco Fundamental High Yield® Corporate Bond ETF selects high-yield corporate bonds (“junk bonds”) based on fundamental metrics. The PHB ETF is well-diversified and has a relatively high-quality pro...
PHB: Fundamental Focus But No Real Alpha (Yet)
The Invesco Fundamental High Yield® Corporate Bond ETF offers exposure to high-yield bonds with a focus on quality and fundamentals. The fund is highly diversified, with no position making up more tha...
PHB: Unattractive High Yield Fund, Better Alternatives Exist
The Invesco Fundamental High Yield Corporate Bond ETF is a fixed income exchange traded fund that invests in US dollar-denominated high yield corporate bonds. The fund currently has a large allocation...
PHB: Good In Theory, But Lagging In Practice
Despite the manager's claims that the RAFI Fundamental Index methodology delivers excess returns, historical performance suggest the opposite.
PHB: Investors Should Wait On The Sidelines
PHB owns a portfolio of mostly high yield corporate bonds in the U.S. The fund has higher credit risk especially in an economic downturn.
Investor Interest Returns To Lipper High-Yield ETFs
Lipper High Yield ETFs attracted $2.7 billion in new money last week after posting their largest weekly performance since the first week of September (+0.43%). Lipper High Yield classification has out...