IYLDiShares Morningstar Multi-Asset Income ETF
IYLD Fund Description
IYLD tracks an index of fixed-income, equity, preferred-stock and REIT ETFs with a focus on income production.
IYLD Factset Analytics Insight
IYLD offers a fixed-income-focused, multi-asset yield play at an attractive price. The fund, which is structured as an ETF of ETFs, follows an allocation mandate of 60% in fixed income, 20% in equities (with a focus on dividends) and 20% in REITs and preferred stock. IYLD places bounds on currency exposure too, aiming to keep non-USD exposure under roughly 25%. "Roughly" applies here because the rule is applied to ETFs with significant FX exposure rather than at the security level. Still, the allocation and currency boundaries combined with ETF-based exposure gives investors a clear picture of what they're buying. IYLD searches aggressively for yield within this asset class, with a hefty stake in junk bonds and emerging market debt. Launched in April 2012, IYLD has gathered healthy assets and trades consistently with moderate spreads. IYLD's ETF-of-ETFs structure likely helps liquidity for block trades and retail orders alike. Combined with a low fee, the fund's all-in costs are very competitive.
IYLD CHARTS AND PERFORMANCE
IYLD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IYLD. IYLD is rated a 3 out of 5.