This actively managed ETF targets junk bonds seeking to provide investors with high levels of current income while looking to mitigate downside risks as much as possible. The fund managers look to do this by focusing on the secondary market of bonds while at the same time avoiding recently issued notes that were released at the height of the bubble in 2006-2008. The company also shuns a ‘cap weighted’ approach which they believe gives higher weightings to the companies that are most in debt, leaving a portfolio dangerously overrepresented in subpar bonds. So far, the fund has outperformed all others in the ETFdb Category by a wide margin while paying a much higher yield as well. Thanks to this outperformance, investors should consider HYLD as a go to choice for exposure in the junk bond space, so long as they can stomach the relatively high expense ratio. The fund could be especially beneficial for those looking for a boost to current incomes far above comparable Treasury bond levels and other products, an important factor in today’s low yield environment.
| Segment | Fixed Income: U.S. - Corporate, Broad-based High Yield |
| Category | Corporate, Broad-based |
| Focus | High Yield |
| Niche | Broad Maturities |
| Strategy | Active |
| Weighting Scheme | Proprietary |
This section compares how balanced and deep this ETF is relative to its peers.
| HYLD | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 216 | 405 | 551 |
| % of Assets in Top 10 | 21.17% | 24.26% | 21.45% |
| % of Assets in Top 15 | 26.17% | 28.26% | 24.40% |
| % of Assets in Top 50 | 48.46% | 47.34% | 39.76% |
| HYLD | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| HYLD | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.17 | $ 0.12 | $ 0.12 |
| Dividend Date | 2021-10-26 | N/A | N/A |
| Annual Dividend Rate | $ 2.18 | $ 1.34 | $ 1.43 |
| Annual Dividend Yield | 6.81% | 3.49% | 3.01% |
View charts featuring HYLD price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: -5.69 M 1 Year Net Flows: -25.51 M 3 Year Net Flows: -23.92 M 5 Year Net Flows: -31.42 M 10 Year Net Flows: 170.66 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -2.36 MThe adjacent table gives investors an individual Realtime Rating for HYLD 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
HYLD does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| HYLD |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -6.91% | -4.11% | -4.51% |
| 3 Month Return | -3.70% | -1.36% | -1.38% |
| YTD Return | -14.20% | -10.53% | -9.12% |
| 1 Year Return | -14.46% | -10.17% | -8.77% |
| 3 Year Return | -5.90% | -1.70% | -1.26% |
| 5 Year Return | 1.94% | 1.93% | 2.34% |
The following charts reflect the geographic spread of HYLD's underlying holdings.
The following charts reflect the allocation of HYLD's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 66.36% |
| Bank Loan | 17.7% |
| Open-ended Fund | 9.13% |
| Exchange Traded Fund (ETF-ETF) | 2.5% |
| Closed-ended Fund | 1.77% |
| Preferred | 1.57% |
| Other | 0.81% |
| Share/Common/Ordinary | 0.17% |
| CASH | -0.02% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Corporate | 66.36% |
| Bank Loan | 17.7% |
| Open-ended Fund | 9.13% |
| Exchange Traded Fund (ETF-ETF) | 2.5% |
| Closed-ended Fund | 1.77% |
| Preferred | 1.57% |
| Other | 0.81% |
| Share/Common/Ordinary | 0.17% |
| CASH | -0.02% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 21.48% |
| 20 Day Volatility | 7.54% |
| 50 Day Volatility | 9.38% |
| 200 Day Volatility | 10.66% |
| Beta | 0.53 |
| Standard Deviation | 1.36% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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