ETF Quote Details
|NAV (month end)||NA|
Zacks Premium Research for HYLD
|Zacks ETF Rank [?]||Strong Sell 5|
|ETF Risk [?]||NA|
|ETF Research Report|
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:
Zacks Premium - The only way to get access to the Zacks Rank
ETF Expense Ratio
|Dividend (Yield)||$3.99 (7.69%)|
This ETF is active and doesnt track an index. Instead, the fund looks to provide high currency income with a secondary goal of capital appreciation by selecting securities with a value-based approach. HYLD looks to have these levels be in excess of those found in the Barclays U.S. High Yield Index, which is considered representative of the universe of U.S. fixed rate, non investment grade debt.
It generates a high current income with a secondary goal of capital appreciation. It seeks to achieve its objective by selecting a portfolio of high yield debt securities that generate a high current income stream. It takes a value-based, active credit approach to the markets favoring instead the secondary market where it believes there are less competition & more opportunities for capital gains.