Is Invesco Fundamental High Yield Corporate Bond ETF (PHB) a Strong ETF Right Now?

Designed to provide broad exposure to the High-Yield/Junk Bond ETFs category of the market, the Invesco Fundamental High Yield Corporate Bond ETF (PHB) is a smart beta exchange traded fund launched on 11/15/2007.

Zacks Investment Research • Dec 4, 2025

Ellington Credit: High Yield, Speculative CLO Fund

Ellington Credit: High Yield, Speculative CLO Fund

Seeking Alpha • Aug 21, 2025

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 also underperformed several competitors since 2018. Despite a recent surge in distributions, I remain skeptical and expect the trend to lag inflation in the long term.

Seeking Alpha • Mar 14, 2025

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 inflation at higher levels. PHB also has an almost four-year duration enhancing its sensitivity to rate changes, where we believe there is upside risk on the possible incoming tariffs.

Seeking Alpha • Nov 15, 2024

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 profile in the high-yield corporate bond category. PHB has underperformed a junk bond benchmark since inception and shows moderate decays in price and distributions over the last 10 years.

Seeking Alpha • Aug 19, 2024

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 than 1.23% of the portfolio. The fund carries credit risk, liquidity risk, interest rate risk, and sector concentration risks.

Seeking Alpha • May 4, 2024

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 to BBB-rated bonds, primarily due to Ford's recent rating upgrade. PHB has a conservative composition with an overweight position in BB-rated bonds, but its performance lags significantly compared to other high yield funds.

Seeking Alpha • Dec 23, 2023

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.

Seeking Alpha • Oct 20, 2023

Bold Bets: 3 Distressed Debt ETFs for High-Return Potential

If you haven't heard, distressed debt remains popular with hedge funds. Bloomberg recently profiled a new UK fund that's raised more than $500 million to invest.

InvestorPlace • Oct 3, 2023

Balanced Portfolios Don't Abandon High-Yield Exposure

Many portfolios are lacking high-yield exposure in the current environment. It may seem like a savvy and defensive move to skip out on high-yield exposure.

ETF Trends • Aug 25, 2023