HYLD
High Yield ETFHYLD Fund Description
HYLD seeks to generate high current income, with a secondary goal of capital appreciation, via high-yield debt securities.
HYLD Factset Analytics Insight
HYLD is a large, actively managed fund that invests in a portfolio of junk bonds, loans, and stocks. With no baked-in diversification requirements, its portfolio tilts, yield and risks are fluid and portfolio exposure can sometimes concentrate in specific sectors and industries. The portfolio manager picks bonds, with bottom-up analysis, traded in secondary markets. It bears mentioning that HYLD may own ETFs—including leveraged and inverse funds—to achieve its stated goals or to hedge exposure. HYLD's onscreen liquidity is weak, with large spreads posing challenges to retail investors, while the underlying securities make it hard to get great execution for block trades. HYLD is a very expensive actively managed ETF, and its large expense ratio is a huge hurdle to overcome. While it can't be evaluated for tracking error in the same manner as a passive fund, the high expense ratio drives a wedge between the performance of the underlying securities and the returns investors will realize.
HYLD CHARTS AND PERFORMANCE
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HYLD Summary Data
HYLD Portfolio Data
HYLD Index Data
HYLD Portfolio Management
HYLD Tax Exposures
HYLD Fund Structure
HYLD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYLD. HYLD is rated a N/A out of 5.
HYLD Tradability
HYLD Top 10 Holdings[View All]
HYLD Performance Statistics
HYLD HOLDINGS STATISTICS
HYLD AVG LIFE MATURITY DISTRIBUTION
HYLD OAS BREAKDOWN
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