PowerShares Fundamental High Yield Corporate Bond Portfolio ETF(PHB)- NYSEARCA
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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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