The Stanford-Binet Intelligence Scale, Fifth Edition (SB5), is a recently published, multidimensional measure of intelligence based on Cattell-Horn-Carroll (CHC) theory. The author of the test provides results from confirmatory factor analyses in the technical manual supporting the five-factor structure of the instrument. Other authors have examined this factor structure through EFA using the standardization sample, and have not found evidence of a five-factor model. The purpose of the current study was to examine the internal construct validity of the SB5 using an independent sample of high-functioning students. Participants included 201 high-functioning, third-grade students ranging in age from 8 years, 4 months to 10 years, 11 months. Five models of the SB5 were analyzed using Analysis of Moment Structures (AMOS). Our findings indicated that a hierarchical, four-factor, post-hoc model provided the best fit to the data. Generally, implications for school psychologists include a better understanding of the factor structure of the SB5, especially as it relates to high-achieving children. Directions for future research are also discussed. (Contains 2 tables and 5 figures.)