Investment Objective
The investment seeks investment results that correspond generally to the price and yield performance of the Markit iBoxx ® USD Liquid High Yield Index.
The fund generally invests at least 90% of its assets in the securities of the underlying index and in investments that provide substantially similar exposure to the securities in the index. The underlying index is a rules-based index consisting of liquid U.S. dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. The underlying index is designed to provide a broad representation of the U.S. dollar-denominated liquid high yield corporate bond market.
Latest HYG News
Performance
| 1 month | -2.42% | | 3 years | +10.50% |
| 3 months | -0.03% | | 5 years | +7.94% |
| 1 year | +11.32% | | Since inception | +6.62% |
Quote Details
| Previous close | $93.03 |
| Open day’s range | 91.62 – 93.27 |
| Net asset value (NAV) | 92.46 (06/18/2013) |
| Daily volume | 7,971,647 |
| Average volume (3 months) | 4,379,544 |
Data as of 4:00pm ET, 06/19/2013
Peer Comparisonvs. High yield bond ETFs
| | HYG | Category |
|---|
| Performance 5-yr return | +7.94% | +7.27% |
| Expense Gross exp ratio | 0.50% | 0.49% |
| Risk 5 year sharpe ratio | 0.61 | 0.49 |
| Net assets | $15.2B | $2.0B |
| Average market cap | -- | $12.4B |
| Average P/E | -- | 15.6 |
| Dividend / Share | -- | 0.26% |
Competitors
| PHB PowerShares Fundamental High Yield Corpo... |
| JNK SPDR Barclays High Yield Bond ETF |
Holdings
Top 5 Sectors
Portfolio weighting
Top 10 Holdings
Portfolio weighting
| -- Sprint Nextel 144A 9% | 0.51% |
| -- Hca 6.5% | 0.47% |
| -- First Data 12.625% | 0.47% |
| -- Cit Grp 144A 5.5% | 0.42% |
| -- Springleaf Fin 6.9% | 0.41% |
| -- Reynolds Grp Issuer 9.875% | 0.39% |
| -- Dish Dbs 5.875% | 0.38% |
| -- Reynolds Grp Issuer 5.75% | 0.37% |
| -- Ally Finl 8.3% | 0.37% |
| -- First Data 11.25% | 0.37% |
-1.39 / -1.49%
+0.03 / +0.03%
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