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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +0.1% | ▼ −0.4% | ▼ −3.1% | — | — | — | — | ▼ −2.9% |
| Peer average | — | — | — | — | — | — | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
The Invesco Bloomberg Enhanced Fallen Angels ETF (PHB) invests in speculative-grade corporate debt, specifically targeting high-yield bonds that carry ratings from Ba1/BB+ down to B3/B- by agencies such as Moody's and S&P. The initial pool of potential investments consists of all publicly traded corporations based in the U.S. These companies are then evaluated using a proprietary RAFI methodology, which assesses them across four fundamental financial metrics: their book value of assets, gross sales figures, gross dividends distributed, and overall cash flow. Only companies that achieve a positive RAFI score are considered eligible for inclusion. The index structure incorporates two distinct bond maturity segments (1-5 years and 5-10 years), allowing for up to two bonds from any single issuer. Individual bond issues are weighted in direct proportion to the company's RAFI score. This patented, fundamentally-driven weighting scheme typically leads to a greater allocation towards bonds from more financially robust companies within the high-yield universe. The index undergoes monthly reconstitution to adjust to market changes and is rebalanced annually to reflect updated RAFI scores.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.09 |
| 2026-09-21 | 2026-09-25 | $0.09 |
| 2026-08-24 | 2026-08-28 | $0.09 |
| 2026-07-20 | 2026-07-24 | $0.09 |
| 2026-06-22 | 2026-06-26 | $0.09 |
| 2026-05-18 | 2026-05-22 | $0.11 |
| 2026-04-20 | 2026-04-24 | $0.10 |
| 2026-03-23 | 2026-03-27 | $0.09 |
| 2026-02-23 | 2026-02-27 | $0.09 |
| 2026-01-20 | 2026-01-23 | $0.09 |
| 2025-12-22 | 2025-12-26 | $0.09 |
| 2025-11-24 | 2025-11-28 | $0.09 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind IFLN.