Since June, PGHY has also been noticeably better than the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD) and the Vanguard Total Bond Market ETF (NYSEArca: BND).
Since inception, the DB Global Short Maturity High Yield Bond Index, PGHY’s underlying index, has outperformed the Barclays U.S. Aggregate Bond Index by 160 basis points, according to PowerShares data.
PGHY’s credit quality as measured by the Standard & Poor’s scale is as follows: BBB 8%, BB 46%, B 28% and CCC 8%. Eleven percent of the fund’s 130 issues are not rated by S&P.
Powershares Global Short Term High Yield Bond Portfolio
