Asset Class: Bonds - Corporate
ETF Structure: Open-End Fund
PowerShares High Yield Corporate Bond Portfolio (PHB) ETF Snapshot
The PowerShares High Yield Corporate Bond Portfolio seeks to replicate the Wachovia High Yield Bond Index. This Index measures potential returns of a theoretical portfolio of high-yield corporate bonds that are rated below investment grade by Moody’s, S&P or Fitch and are payable in U.S. dollars. The Index evaluates securities quarterly using an equal-weighting methodology based on a defined set of qualifying criteria established by Wachovia Cap Markets.
* Trading Characteristics Definitions Spread : The average dollar difference between the best bid and best offer across all exchanges for the specified time period, weighted by volume. *Spread : Is the monthly average of the daily spread. % Spread : The average spread amount divided by the average bid-ask midpoint, weighted by volume. Share Volume : Composite Volume - total number of shares traded on all exchanges and Nasdaq. Dollar Volume : Dollar amount of shares traded on each exchange for the specified symbol, based on the stocks average price for the time period specified.