ETF Quote Details
|NAV (month end)||106.31|
|Premium (+)/Discount (-) (month end)||-0.04|
Zacks Premium Research for HYS
|Zacks ETF Rank [?]||Sell 4|
|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)||$5.16 (4.84%)|
The BofA Merrill Lynch 0-5 Year US High Yield Constrained Index tracks the performance of short-term US dollar denominated below investment grade corporate debt issued in the US domestic market with less than five years remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of $100 million, issued publicly.
This Fund is the only ETF designed to capture, before fees and expenses, continuous exposure to the short maturity segment of the high yield corporate bond sector. The fund tracks The BofA Merrill Lynch 0-5 Year US High Yield Constrained Index, and aims to achieve the yield, volatility level, and low or negative correlations with other asset classes inherent in short maturity high yield.