ETF Spotlight on PowerShares Fundamental High-Yield Corporate Bond Portfolio Fund (NYSEArca: PHB), part of an ongoing series.
Assets: $878.8 million.
Objective: The PowerShares Fundamental High Yield Corporate Bond Fund tries to reflect the performance of the RAFI high Yield Bond Index, which uses a Fundamental Index methdology that selects corporate bonds based on their fundamental size, including sales, cash flow, dividends and book value of assets.
Holdings: Top holdings include: Weyerhaeuser Co. 1.4%, Sears Holding Corp. 1.4%, Intl Leas Finance Corp 1.4%, Intl Lease Finance Corp AIG 1.3% and Supervalu Inc 1.2%.