HYTRCP High Yield Trend ETF
HYTR Fund Description
HYTR aims to reduce risk by tracking a rules-based quantitative index of US bonds that will toggling between high yield and treasuries based on momentum.
HYTR Factset Analytics Insight
HYTR is an index-tracking ETF of ETFs that provides exposure to US high yield corporate bond ETFs and US 3-7 year treasuries. The index seeks to provide exposure to US high yield corporate bond while reducing risk in times of market turbulence. At each index rebalance, which can occur daily, securities are weighted using two quantitative models that blends trend-following and time-series momentum methodologies. This method provides exposure to US high yield bonds and reduces unnecessary portfolio turnover. The first model evaluates allocations to high yield bonds by determined the current market price against the dividend-adjusted 100-200 day moving average price data of HYG (75% weight) and its historical momentum returns for the same period (25% weight). The second model, depending on market turbulence, then adjusts the recommended allocation in 20% increments to high yield bond ETFs, with the balance allocated to treasury ETFs.
HYTR MSCI ESG Analytics Insight
CP High Yield Trend ETF has an MSCI ESG Fund Rating of BB based on a score of 4.19 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. CP High Yield Trend ETF ranks in the 13th percentile within its peer group and in the 41st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HYTR Summary Data
HYTR Portfolio Data
HYTR Index Data
HYTR Portfolio Management
HYTR Tax Exposures
HYTR Fund Structure
HYTR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYTR. HYTR is rated a 4 out of 5.