|Day Lo||-||Day Hi||-|
This ETF offers exposure to a basket of junk bonds from international issuers, giving investors a way to tap into a corner of the global bond market that is often overlooked. This ETF will primarily have appeal to investors looking to enhance current returns; IHY will often pay a significant yield that exceeds returns on domestic investment grade debt by a wide margin. Since most portfolios don't include an allocation to international junk bonds, IHY offers a way to potentially add to the depth of a portfolio and bring some diversification benefits as well. There are a couple noteworthy aspects of IHY. First, the portfolio includes both developed and emerging markets. It should also be noted that the portfolio is split between dollar denominated bonds and those denominated in other currencies, thereby bringing some exchange rate risk but also currency diversification. Overall, IHY maintains a balanced portfolio that spreads holdings around multiple currencies, countries, sectors, and durations. IHY could be useful as a component of a long-term portfolio, bringing enhancements to the current return portion. It could also be used as more of a tactical tool for establishing shorter term exposure to this asset class.
The adjacent table gives investors an individual Realtime Rating for IHY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
|Cash And Equivalents||3.29%|
|Commercial Mortgage Backed||0.27%|
|Agency Mortgage Backed||0.0%|
|Non Agency Residential Mortgage Backed||0.0%|
|US Municipal Tax Advantaged||0.0%|
|0% to 1%||1.66%|
|1% to 2%||1.05%|
|2% to 3%||2.22%|
|3% to 4%||6.56%|
|4% to 5%||13.8%|
|5% to 6%||23.31%|
|6% to 7%||21.44%|
|7% to 8%||13.46%|
|8% to 9%||5.75%|
|9% to 10%||3.79%|
|Greater Than 10%||1.93%|
|Less Than 1 Year||0.0%|
This ETF is not currently available for commission free trading on any platforms.
There are 19 other ETFs in the High Yield Bonds ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of IHY relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.