Harbor Ares Systematic High Yield ETF (SIHY) (SIHY)
Harbor Ares Systematic High Yield ETF (SIHY) operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $45.43, up 0.25% on the session, giving a market capitalisation of $141.2M. Its beta of 0.68 implies it has historically moved less than the broad market.
Under typical market circumstances, the fund commits at least 80% of its total assets, factoring in any borrowed capital for investment, to a collection of corporate debt instruments that are rated below investment grade. These are frequently referred to as "high-yield" or "junk" bonds. Additionally, the portfolio may include unrated securities that BlueCove Limited, acting as the sub-adviser, deems to have a comparable credit quality. The fund can gain exposure to these types of investments through the use of derivative contracts, such as futures and swaps. A significant portion of its holdings consists of securities denominated in U.S. dollars, including those issued by companies outside the United States.
Harbor Ares Systematic High Yield ETF (SIHY) is most often compared with the following Financial Services names: