Name of ETF: PowerShares Fundamental High Yield Corporate Bond Portfolio
Benchmark Index: RAFI Bonds US High Yield 1-10 Index
Ticker Symbol: PHB
Approximate Number of Bonds in this ETF: 285
Types of Bonds Included in this ETF: High-yield corporate bonds. These bonds are also sometimes referred to as junk bonds as they are below investment grade. The majority of these bonds have credit ratings lower than BBB (Baa). The majority of these bonds have maturity dates between one and ten years.
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