Junk Bond ETF Channel

Junk Bond ETF Overview

High-yield ETFs or junk bond ETFs provide exposure to the debt of American companies rated below BBB. High-yield ETFs are risky investments that need to offer attractive returns to compensate for their risk.

High Yield ETFs are part of the following market segments:

With 61 ETFs traded in the U.S. markets, Junk Bond ETFs gather total assets under management of $63.39B. The average expense ratio is 0.49%. Junk Bond ETFs can be found in the following asset classes:

Fixed Income

The largest Junk Bond ETF is the iShares iBoxx USD High Yield Corporate Bond ETF HYG with $16.81B in assets. In the last trailing year, the best performing Junk Bond ETF was the HYLD at 10.39%. The most-recent ETF launched in the Junk Bond space was the Invesco Corporate Income Defensive ETF IHYD in 07/25/18.

TOP ETF PERFORMERS

TICKER	FUND NAME	% CHANGE*
UJB	ProShares Ultra High Yield	4.29%
SFHY	WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond	1.52%
HYXE	iShares iBoxx USD High Yield ex Oil & Gas Corporate Bond ETF	1.41%
FLHY	Franklin Liberty High Yield Corporate ETF	1.36%
FDHY	Fidelity High Yield Factor ETF	1.23%

BOTTOM ETF PERFORMERS

TICKER	FUND NAME	% CHANGE*
SOVB	Cambria Sovereign Bond ETF	-3.08%
HYDD	Direxion Daily High Yield Bear 2X Shares	-2.26%
EMHY	iShares Emerging Markets High Yield Bond ETF	-2.15%
HYXU	iShares International High Yield Bond ETF	-1.64%
HYEM	VanEck Vectors Emerging Markets High Yield Bond ETF	-1.48%

top creations

TICKER	FUND NAME	NET FLOWS*
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	1,579.99
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	358.10
FTSL	First Trust Senior Loan Fund	160.47
HYLB	Xtrackers USD High Yield Corporate Bond ETF	126.04
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	107.16

top redemptions

TICKER	FUND NAME	NET FLOWS*
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	-83.69
SNLN	Highland iBoxx Senior Loan ETF	-38.19
HYD	VanEck Vectors High-Yield Municipal Index ETF	-28.35
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	-27.63
HYEM	VanEck Vectors Emerging Markets High Yield Bond ETF	-18.49

AUM WINNERS

TICKER	FUND NAME	% CHANGE*
HYND	WisdomTree Negative Duration High Yield Bond Fund	8.70%
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	8.58%
BSJM	Invesco BulletShares 2022 High Yield Corporate Bond ETF	7.93%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	6.47%
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	5.71%

AUM LOSERS

TICKER	FUND NAME	% CHANGE*
HYEM	VanEck Vectors Emerging Markets High Yield Bond ETF	-17.98%
HYXU	iShares International High Yield Bond ETF	-13.80%
SJB	ProShares Short High Yield	-10.01%
EMHY	iShares Emerging Markets High Yield Bond ETF	-7.33%
BKLN	Invesco Senior Loan ETF	-6.65%

ETF Results:

62 ETFs

As of 08/20/2018

Display:

100

Page of 4

Ticker	Fund Name	Issuer	Expense Ratio	AUM	Spread %	Segment
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	BlackRock	0.49%	$16.61B	0.01%	Fixed Income: U.S. - Corporate High Yield
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	State Street Global Advisors	0.40%	$10.04B	0.03%	Fixed Income: U.S. - Corporate High Yield
BKLN	Invesco Senior Loan ETF	Invesco	0.65%	$7.41B	0.04%	Fixed Income: U.S. - Corporate High Yield Floating Rate
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	State Street Global Advisors	0.40%	$3.60B	0.04%	Fixed Income: U.S. - Corporate High Yield Short-Term
SRLN	SPDR Blackstone / GSO Senior Loan ETF	State Street Global Advisors	0.70%	$3.33B	0.02%	Fixed Income: Global - Corporate High Yield Floating Rate
HYD	VanEck Vectors High-Yield Municipal Index ETF	VanEck	0.35%	$2.66B	0.03%	Fixed Income: U.S. - Municipals High Yield
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	BlackRock	0.30%	$2.60B	0.02%	Fixed Income: U.S. - Corporate High Yield Short-Term
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Deutsche Bank	0.20%	$1.77B	0.03%	Fixed Income: U.S. - Corporate High Yield
FTSL	First Trust Senior Loan Fund	First Trust	0.88%	$1.75B	0.02%	Fixed Income: Global - Corporate High Yield Floating Rate
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	PIMCO	0.55%	$1.65B	0.03%	Fixed Income: U.S. - Corporate High Yield Short-Term
HYLS	First Trust Tactical High Yield ETF	First Trust	1.10%	$1.23B	0.07%	Fixed Income: Global - Broad Market High Yield
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF	Invesco	0.42%	$1.13B	0.05%	Fixed Income: U.S. - Corporate High Yield Short-Term
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	VanEck	0.35%	$1.11B	0.05%	Fixed Income: U.S. - Corporate High Yield
PHB	Invesco Fundamental High Yield Corporate Bond ETF	Invesco	0.50%	$957.54M	0.06%	Fixed Income: U.S. - Corporate High Yield Intermediate
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF	Invesco	0.42%	$926.52M	0.06%	Fixed Income: U.S. - Corporate High Yield Short-Term
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	Invesco	0.42%	$654.11M	0.05%	Fixed Income: U.S. - Corporate High Yield Ultra-Short Term
SNLN	Highland iBoxx Senior Loan ETF	Highland Capital Management	0.55%	$559.89M	0.07%	Fixed Income: U.S. - Corporate High Yield Floating Rate
EMHY	iShares Emerging Markets High Yield Bond ETF	BlackRock	0.50%	$528.46M	0.11%	Fixed Income: Emerging Markets - Broad Market High Yield
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF	State Street Global Advisors	0.45%	$527.74M	0.11%	Fixed Income: U.S. - Municipals High Yield
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	Invesco	0.42%	$439.70M	0.08%	Fixed Income: U.S. - Corporate High Yield Intermediate

Ticker	Fund Name	1 Month	3 Month	1 Year	5 Year	10 Year	As Of
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	0.97%	2.14%	3.52%	4.42%	6.27%	08/20/2018
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	0.96%	2.05%	2.88%	4.00%	6.29%	08/20/2018
BKLN	Invesco Senior Loan ETF	0.48%	1.06%	3.78%	2.64%	--	08/20/2018
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	0.68%	1.77%	4.57%	3.45%	--	08/20/2018
SRLN	SPDR Blackstone / GSO Senior Loan ETF	0.51%	0.99%	4.07%	2.85%	--	08/20/2018
HYD	VanEck Vectors High-Yield Municipal Index ETF	0.31%	2.13%	5.42%	6.58%	--	08/20/2018
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	0.68%	1.71%	4.24%	--	--	08/20/2018
HYLB	Xtrackers USD High Yield Corporate Bond ETF	1.02%	2.19%	3.39%	--	--	08/20/2018
FTSL	First Trust Senior Loan Fund	0.48%	0.84%	3.24%	3.19%	--	08/20/2018
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	0.74%	1.73%	4.52%	4.46%	--	08/20/2018
HYLS	First Trust Tactical High Yield ETF	1.27%	2.18%	3.03%	4.60%	--	08/20/2018
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF	0.43%	1.45%	3.33%	--	--	08/20/2018
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	0.97%	1.53%	3.09%	8.00%	--	08/20/2018
PHB	Invesco Fundamental High Yield Corporate Bond ETF	0.83%	1.71%	2.10%	4.31%	4.21%	08/20/2018
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF	0.60%	1.74%	3.36%	--	--	08/20/2018
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	0.39%	0.75%	3.13%	3.44%	--	08/20/2018
SNLN	Highland iBoxx Senior Loan ETF	0.54%	0.98%	4.02%	2.61%	--	08/20/2018
EMHY	iShares Emerging Markets High Yield Bond ETF	-2.74%	-2.08%	-5.86%	4.52%	--	08/20/2018
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF	0.81%	2.60%	2.98%	6.91%	--	08/20/2018
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	0.82%	2.08%	4.26%	--	--	08/20/2018

Ticker	Fund Name	Issuer	Segment	Grade	E	T	F
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	BlackRock	Fixed Income: U.S. - Corporate High Yield	B	88	94	--
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	State Street Global Advisors	Fixed Income: U.S. - Corporate High Yield	B	87	76	--
BKLN	Invesco Senior Loan ETF	Invesco	Fixed Income: U.S. - Corporate High Yield Floating Rate	C	78	79	--
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	State Street Global Advisors	Fixed Income: U.S. - Corporate High Yield Short-Term	B	87	74	95
SRLN	SPDR Blackstone / GSO Senior Loan ETF	State Street Global Advisors	Fixed Income: Global - Corporate High Yield Floating Rate	B	81	80	--
HYD	VanEck Vectors High-Yield Municipal Index ETF	VanEck	Fixed Income: U.S. - Municipals High Yield	C	77	74	81
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	BlackRock	Fixed Income: U.S. - Corporate High Yield Short-Term	B	90	84	--
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Deutsche Bank	Fixed Income: U.S. - Corporate High Yield	--	--	--	--
FTSL	First Trust Senior Loan Fund	First Trust	Fixed Income: Global - Corporate High Yield Floating Rate	C	77	79	--
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	PIMCO	Fixed Income: U.S. - Corporate High Yield Short-Term	--	--	--	--
HYLS	First Trust Tactical High Yield ETF	First Trust	Fixed Income: Global - Broad Market High Yield	C	72	83	--
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF	Invesco	Fixed Income: U.S. - Corporate High Yield Short-Term	B	83	74	49
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	VanEck	Fixed Income: U.S. - Corporate High Yield	B	87	73	--
PHB	Invesco Fundamental High Yield Corporate Bond ETF	Invesco	Fixed Income: U.S. - Corporate High Yield Intermediate	B	85	73	--
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF	Invesco	Fixed Income: U.S. - Corporate High Yield Short-Term	B	83	74	70
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	Invesco	Fixed Income: U.S. - Corporate High Yield Ultra-Short Term	B	83	73	--
SNLN	Highland iBoxx Senior Loan ETF	Highland Capital Management	Fixed Income: U.S. - Corporate High Yield Floating Rate	C	80	78	--
EMHY	iShares Emerging Markets High Yield Bond ETF	BlackRock	Fixed Income: Emerging Markets - Broad Market High Yield	B	84	77	--
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF	State Street Global Advisors	Fixed Income: U.S. - Municipals High Yield	C	74	69	35
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	Invesco	Fixed Income: U.S. - Corporate High Yield Intermediate	C	78	80	--

Ticker	Fund Name	Dividend Yield	P/E	P/B	Duration	Credit Quality	YTM
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	5.11%	--	--	0.05	B	5.51%
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	5.44%	--	--	0.05	B	5.73%
BKLN	Invesco Senior Loan ETF	3.81%	--	--	0.04	B+	4.41%
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	5.40%	--	--	0.05	B	7.18%
SRLN	SPDR Blackstone / GSO Senior Loan ETF	4.32%	--	--	--	--	--
HYD	VanEck Vectors High-Yield Municipal Index ETF	4.28%	--	--	0.04	B+	5.24%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	5.36%	--	--	0.05	B	5.35%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	5.40%	--	--	0.05	B	5.66%
FTSL	First Trust Senior Loan Fund	3.87%	--	--	--	--	--
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	4.67%	--	--	0.05	B	5.66%
HYLS	First Trust Tactical High Yield ETF	5.68%	--	--	--	--	--
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF	4.45%	--	--	0.04	B	5.24%
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	5.57%	--	--	0.06	BB-	5.33%
PHB	Invesco Fundamental High Yield Corporate Bond ETF	4.15%	--	--	0.04	BB-	4.58%
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF	4.91%	--	--	0.05	B	5.19%
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	3.28%	--	--	0.03	B+	4.57%
SNLN	Highland iBoxx Senior Loan ETF	4.62%	--	--	0.05	B+	1.31%
EMHY	iShares Emerging Markets High Yield Bond ETF	5.25%	--	--	0.05	B+	6.39%
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF	3.84%	--	--	0.04	B+	5.21%
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	5.19%	--	--	0.05	B	5.75%

Ticker	Fund Name
HYG	iShares iBoxx USD High Yield Corporate Bond ETF
JNK	SPDR Bloomberg Barclays High Yield Bond ETF
BKLN	Invesco Senior Loan ETF
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF
SRLN	SPDR Blackstone / GSO Senior Loan ETF
HYD	VanEck Vectors High-Yield Municipal Index ETF
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF
HYLB	Xtrackers USD High Yield Corporate Bond ETF
FTSL	First Trust Senior Loan Fund
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF
HYLS	First Trust Tactical High Yield ETF
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF
PHB	Invesco Fundamental High Yield Corporate Bond ETF
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF
SNLN	Highland iBoxx Senior Loan ETF
EMHY	iShares Emerging Markets High Yield Bond ETF
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF

Fund Name	Ticker	Asset Class	Strategy	Region	Geography	Category	Focus	Niche	Inverse	Leveraged	ETN	Underlying Index	Index Provider	Selection Criteria	Weighting Scheme	Active per SEC
iShares iBoxx USD High Yield Corporate Bond ETF	HYG	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Broad Maturities	No	No	No	Markit iBoxx $ Liquid High Yield Index	Markit	Market Value	Market Value	No
SPDR Bloomberg Barclays High Yield Bond ETF	JNK	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Broad Maturities	No	No	No	Bloomberg Barclays High Yield Very Liquid Index	Bloomberg Barclays Capital	Market Value	Market Value	No
Invesco Senior Loan ETF	BKLN	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Floating Rate	No	No	No	S&P/LSTA U.S. Leveraged Loan 100 Index	S&P	Market Value	Market Value	No
SPDR Bloomberg Barclays Short Term High Yield Bond ETF	SJNK	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Short-Term	No	No	No	Bloomberg Barclays US High Yield 350M Cash Pay 0-5Y 2% Capped Index	Bloomberg Barclays Capital	Market Value	Market Value	No
SPDR Blackstone / GSO Senior Loan ETF	SRLN	Fixed Income	Active	Global	Global	Corporate	High Yield	Floating Rate	No	No	No	No Underlying Index	No Underlying Index	Proprietary	Proprietary	Yes
VanEck Vectors High-Yield Municipal Index ETF	HYD	Fixed Income	Vanilla	North America	U.S.	Municipals	High Yield	Broad Maturities	No	No	No	Bloomberg Barclays Municipal Custom High Yield Composite Index	Bloomberg Barclays Capital	Market Value	Market Value	No
iShares 0-5 Year High Yield Corporate Bond ETF	SHYG	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Short-Term	No	No	No	Markit iBoxx USD Liquid High Yield 0-5 Index	Markit	Market Value	Market Value	No
Xtrackers USD High Yield Corporate Bond ETF	HYLB	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Broad Maturities	No	No	No	Solactive USD High Yield Corporates Total Market Index	Solactive	Market Value	Market Value	No
First Trust Senior Loan Fund	FTSL	Fixed Income	Active	Global	Global	Corporate	High Yield	Floating Rate	No	No	No	No Underlying Index	No Underlying Index	Proprietary	Proprietary	Yes
PIMCO 0-5 Year High Yield Corporate Bond Index ETF	HYS	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Short-Term	No	No	No	BofA Merrill Lynch 0-5 Year US High Yield Constrained Index	Bank of America	Market Value	Market Value	No
First Trust Tactical High Yield ETF	HYLS	Fixed Income	Active	Global	Global	Broad Market	High Yield	Broad Maturities	No	No	No	No Underlying Index	No Underlying Index	Proprietary	Proprietary	Yes
Invesco BulletShares 2019 High Yield Corporate Bond ETF	BSJJ	Fixed Income	Bullet Maturity	North America	U.S.	Corporate	High Yield	Short-Term	No	No	No	BulletShares USD High Yield Corporate Bond 2019 Index	Accretive Asset Management	Maturity	Market Value	No
VanEck Vectors Fallen Angel High Yield Bond ETF	ANGL	Fixed Income	Fundamental	North America	U.S.	Corporate	High Yield	Broad Maturities	No	No	No	BofA Merrill Lynch US Fallen Angel High Yield Index	Bank of America	Credit Downgrade	Market Value	No
Invesco Fundamental High Yield Corporate Bond ETF	PHB	Fixed Income	Fundamental	North America	U.S.	Corporate	High Yield	Intermediate	No	No	No	RAFI Bonds US High Yield 1-10 Index	Research Affiliates	Fundamental	Fundamental	No
Invesco BulletShares 2020 High Yield Corporate Bond ETF	BSJK	Fixed Income	Bullet Maturity	North America	U.S.	Corporate	High Yield	Short-Term	No	No	No	BulletShares USD High Yield Corporate Bond 2020 Index	Accretive Asset Management	Maturity	Market Value	No
Invesco BulletShares 2018 High Yield Corporate Bond ETF	BSJI	Fixed Income	Bullet Maturity	North America	U.S.	Corporate	High Yield	Ultra-Short Term	No	No	No	BulletShares USD High Yield Corporate Bond 2018 Index	Accretive Asset Management	Maturity	Market Value	No
Highland iBoxx Senior Loan ETF	SNLN	Fixed Income	Vanilla	North America	U.S.	Corporate	High Yield	Floating Rate	No	No	No	Markit iBoxx USD Liquid Leveraged Loan Index	Markit	Liquidity	Market Value	No
iShares Emerging Markets High Yield Bond ETF	EMHY	Fixed Income	Vanilla	Emerging Markets	Emerging Markets	Broad Market	High Yield	Broad Maturities	No	No	No	Morningstar Emerging Markets High Yield Bond	Morningstar	U.S. Dollar-Denominated	Market Value	No
SPDR Nuveen S&P High Yield Municipal Bond ETF	HYMB	Fixed Income	Vanilla	North America	U.S.	Municipals	High Yield	Broad Maturities	No	No	No	S&P Municipal Yield Index	S&P	Committee	Market Value	No
Invesco BulletShares 2021 High Yield Corporate Bond ETF	BSJL	Fixed Income	Bullet Maturity	North America	U.S.	Corporate	High Yield	Intermediate	No	No	No	NASDAQ BulletShares USD High Yield Corporate Bond 2021 Index	NASDAQ	Maturity	Market Value	No

Ticker	Fund Name	Legal Structure	MAX LT Capital Gains Rate	Max ST Capital Gains Rate	Tax Reporting
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	Open-Ended Fund	20.00	39.60	1099
BKLN	Invesco Senior Loan ETF	Open-Ended Fund	20.00	39.60	1099
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	Open-Ended Fund	20.00	39.60	1099
SRLN	SPDR Blackstone / GSO Senior Loan ETF	Open-Ended Fund	20.00	39.60	1099
HYD	VanEck Vectors High-Yield Municipal Index ETF	Open-Ended Fund	20.00	39.60	1099
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
FTSL	First Trust Senior Loan Fund	Open-Ended Fund	20.00	39.60	1099
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	Open-Ended Fund	20.00	39.60	1099
HYLS	First Trust Tactical High Yield ETF	Open-Ended Fund	20.00	39.60	1099
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	Open-Ended Fund	20.00	39.60	1099
PHB	Invesco Fundamental High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099
SNLN	Highland iBoxx Senior Loan ETF	Open-Ended Fund	20.00	39.60	1099
EMHY	iShares Emerging Markets High Yield Bond ETF	Open-Ended Fund	20.00	39.60	1099
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF	Open-Ended Fund	20.00	39.60	1099
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	Open-Ended Fund	20.00	39.60	1099

Ticker	Fund Name	MSCI ESG Quality Score	ESG Score Peer Rank	ESG Score Global Rank	Carbon Intensity Tons CO2e/$M Sales	Sustainable Impact Exposure	SRI Screening Criteria Exposure
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	3.64 / 10	31.76	3.97	289.26	1.38%	7.11%
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	3.72 / 10	46.54	4.68	287.10	1.33%	7.15%
BKLN	Invesco Senior Loan ETF	--	--	--	--	--	--
SJNK	SPDR Bloomberg Barclays Short Term High Yield Bond ETF	3.64 / 10	30.82	3.93	265.55	1.50%	6.50%
SRLN	SPDR Blackstone / GSO Senior Loan ETF	--	--	--	--	--	--
HYD	VanEck Vectors High-Yield Municipal Index ETF	--	--	--	--	--	--
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	3.57 / 10	16.98	3.42	272.89	1.31%	6.51%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	3.72 / 10	45.60	4.66	285.79	1.55%	6.98%
FTSL	First Trust Senior Loan Fund	--	--	--	--	--	--
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	3.49 / 10	6.92	2.91	278.40	1.40%	5.23%
HYLS	First Trust Tactical High Yield ETF	--	--	--	--	--	--
BSJJ	Invesco BulletShares 2019 High Yield Corporate Bond ETF	--	--	--	--	--	--
ANGL	VanEck Vectors Fallen Angel High Yield Bond ETF	4.04 / 10	85.85	8.72	421.01	1.10%	5.23%
PHB	Invesco Fundamental High Yield Corporate Bond ETF	3.83 / 10	70.03	5.90	536.58	2.80%	6.64%
BSJK	Invesco BulletShares 2020 High Yield Corporate Bond ETF	--	--	--	--	--	--
BSJI	Invesco BulletShares 2018 High Yield Corporate Bond ETF	--	--	--	--	--	--
SNLN	Highland iBoxx Senior Loan ETF	--	--	--	--	--	--
EMHY	iShares Emerging Markets High Yield Bond ETF	3.63 / 10	16.67	3.85	1,002.24	0.39%	1.69%
HYMB	SPDR Nuveen S&P High Yield Municipal Bond ETF	--	--	--	--	--	--
BSJL	Invesco BulletShares 2021 High Yield Corporate Bond ETF	--	--	--	--	--	--