ETF Quote Details
|NAV (month end)||28.25|
|Premium (+)/Discount (-) (month end)||-0.17|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs
ETF Expense Ratio
|Dividend (Yield)||$1.52 (5.40%)|
The Index is comprised of below investment grade corporate bonds denominated in US dollars that were rated investment grade at the time of issuance. Qualifying securities must be issued in the US domestic market & have a below investment grade rating, based on an average of Moody, S&P or Fitch. Defaulted securities are excluded from the Index.
The ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The BofA Merrill Lynch US Fallen Angel High Yield Index which is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. market & were rated investment grade at the time of issuance.