Powershares High Yield Corporate Bond Portfolio ETF (PHB)

SeekingAlpha  Sep 13  Comment 
Benzinga  May 18  Comment 
It is often said that the smart beta phenomenon has not earnestly made its way to the world of fixed-income exchange-traded funds. While that is true to an extent, there are some smart beta bond ETFs that have lengthy track records. Consider the...
Forbes  Oct 9  Comment 
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB), where 2,800,000 units were destroyed, or...
Forbes  Aug 7  Comment 
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB), where 2,700,000 units were destroyed, or...
Business Times - Malaysia  Feb 19  Comment 
The project, which forms a component of the Penang Sentral project, and is a 49:51 joint-venture between MRCB and Pelaburan Hartanah Bhd (PHB), will take 36 months to be completed, the Business Times has learnt. "Both the federal and state...
Business Times - Malaysia  Apr 18  Comment 
Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd (Maybank AM) announced the interim income distribution of 3.25 sen a unit for Amanah Hartanah Bumiputera (AHB) for the six-month period ended March 31 2013. The quantum is...
Business Times - Malaysia  Feb 21  Comment 
Pelaburan Hartanah Bhd (PHB) will acquire a 20-storey office building known as Tower 3, Avenue 7 in Bangsar South City here, from Paramount Properties Sdn Bhd. PHB, a real estate investment holding company, is wholly-owned by Yayasan Amanah...
Business Times - Malaysia  Oct 24  Comment 
The real estate investment firm, which owns 8.09ha of prime land there, is the master developer of the project. Some of the country's biggest property developers, including SP Setia Bhd and Mah Sing Group Bhd, have been keeping a close watch on...
Forbes  Oct 12  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Fundamental High Yield Corporate Bond Portfolio (AMEX: PHB) where we have detected an approximate $104.0 million...


High Yield Corporate Bond Portfolio ETF (PHB)


The PowerShares High Yield Corporate Bond Portfolio (Fund) is based on the Wachovia High Yield Bond Index (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index measures potential returns of a theoretical portfolio of high-yield corporate bonds that are rated below investment grade by Moody's, S&P or Fitch and are payable in U.S. dollars. The Index evaluates securities quarterly using an equal-weighting methodology based on a defined set of qualifying criteria established by Wachovia Cap Markets.

Fund Characteristics

  • Average Duration - 4.47
  • Average Credit Quality - B2/B+
  • Average Maturity - 12/8/2016
  • Average Coupon - 8.34


Fund Information

  • Fund Manager: InvescoPowerShares [2]
  • Inception Date: 11/15/2007
  • Exchange: NYSE Arca
  • Ticker: PHB
  • Expense Ratio: 0.50%

Top Holdings

' Coupon Rate Maturity Date Rating Weight
TEREX CORP 8% 11/15/20178.00%11/15/2017B/Caa12.23%
FORD MOTOR CRED 7 10/1/20137.00%10/1/2013CCC+/Caa12.21%
MGM MIRAGE 6.6250% 7/15/20156.63%7/15/2015CCC+/Caa22.19%
OPTI CANADA INC 8.25% 12/15/20148.25%12/15/2014B/Caa12.18%
CITIZENS COMMUNICATIONS 9.00% 08/15/20319.00%8/15/2031BB/Ba22.14%
HOST MARRIOTT LP 6.75% 06/01/20166.75%6/1/2016BB+/Ba12.11%
BE AEROSPACE INC 8.5% 07/01/20188.50%7/1/2018BB+/Ba32.09%
LEUCADIA NATIONAL CORP 7.125% 3/15/2017 144A7.13%3/15/2017BB+/B12.09%
BIOMET INC 11.625% 10/15/2017 CALL @105.8111.63%10/15/2017B-/Caa12.06%
DYNEGY HOLDINGS INC 8.375% 05/01/168.38%5/1/2016B/B32.06%

As of 10/16/2009 [3]


  1. High Yield Corporate Bond Portfolio ETF (PHB)
  2. InvescoPowerShares
  3. High Yield Corporate Bond Portfolio ETF (PHB)
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