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PHB
PowerShares Fundamental High Yield Corporate Bond Portfolio ETF

5/23/2012, 6:10 PM ET
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PHB Market Currents more »
  • Friday 10:11 AM The high yield default rate through April is running well ahead of the same period in 2011, reports Fitch, with the amount of bonds affected totaling $9.2B vs. $1.7B last year. It's likely to get worse in May as Fitch estimates a default rate of 2% this month, the highest level since October 2010. (full report, .pdf)
    1 Comment
    [Financials]
ETF Stats
  • Expense Ratio: 0.50%
  • Average Bid Ask Ratio: 0.08%
  • Tracking Error: 0.66%
  • Concentration Risk: 4.28%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 216
  • Dividend Amount: $0.08475
  • Dividend Date: 02/15/2012
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PHB Instablog posts more »
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    Thu, Jun 9, 2011 • David Fry • Comment!
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    Wed, May 18, 2011 • Jeffrey A. Miller • Comment!
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PHB Description
The PowerShares Fundamental High Yield® Corporate Bond Portfolio (Fund) is based on the RAFI® High Yield Bond Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is comprised of U.S. dollar-denominated bonds registered for sale in the United States whose issuers are public companies listed on major U.S. stock exchanges. Only securities with greater than one year to maturity 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 Index is rebalanced monthly.
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Country: United States
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