Fundamental Hi-Yld Corp Bond Invesco ETF (PHB)

Description:

The Invesco Fundamental High Yield Corporate Bond ETF is based on the RAFI Bonds US High Yield 1-10 Index. The Fund will normally invest at least 80% of its total assets in high-yield corporate bonds that comprise the Index. The Index is comprised of US dollar-denominated bonds that are registered with the SEC or that are Rule 144A securities that provide for registration rights and whose issuers are public companies listed on a major US stock exchange. Only investible non-convertible, non-exchangeable, non-zero, fixed coupon high-yield corporate bonds qualify for inclusion in the Index. Based on the Fundamental Index methodology developed by Research Affiliates, LLC, the Index is compiled and calculated by Ryan ALM, Inc. The Fund and the Index are rebalanced monthly and reconstituted annually in March.