High Yield ETF (HYLD)
High Yield ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $25.49, down 0.04% on the session, giving a market capitalisation of $94.9M. Its beta of 0.67 implies it has historically moved less than the broad market.
To achieve its investment objective, the Sub-Advisor strategically crafts a concentrated portfolio primarily comprising high-yield debt instruments. These typically encompass various corporate debt obligations, both senior and subordinated, such as loans, bonds, debentures, notes, and commercial paper. The fund maintains complete flexibility regarding portfolio maturity, enabling investments in instruments with short, medium, or long-term durations. A core policy dictates that at least 80% of the fund's net assets (including any assets acquired through borrowing for investment) must be allocated to these high-yield debt securities.
High Yield ETF is most often compared with the following Financial Services names: