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 | +1.55% | | 3 years | +7.94% |
| 3 months | +2.82% | | 5 years | +16.77% |
| 1 year | +6.50% | | Since inception | +6.84% |
Quote Details
| Previous close | $94.41 |
| Open day’s range | 94.01 – 94.38 |
| Net asset value (NAV) | 93.89 (03/07/2014) |
| Daily volume | 4,551,975 |
| Average volume (3 months) | 4,310,828 |
Data as of 3:59pm ET, 03/07/2014
Peer Comparisonvs. High yield bond ETFs
| | HYG | Category |
|---|
| Performance 5-yr return | +16.77% | +14.81% |
| Expense Gross exp ratio | 0.50% | 0.47% |
| Risk 5 year sharpe ratio | 1.72 | 1.69 |
| Net assets | $13.5B | $1.9B |
| Average market cap | -- | $14.7B |
| Average P/E | -- | 13.8 |
| Dividend / Share | -- | 0.25% |
Competitors
| JNK SPDR Barclays High Yield Bond ETF |
| PHB PowerShares Fundamental High Yield Corpo... |
| BSJF Guggenheim BulletShares 2015 High Yield ... |
Holdings
Top 5 Sectors
Portfolio weighting
Top 10 Holdings
Portfolio weighting
| -- Sprint 144A 7.875% | 0.57% |
| -- Sprint Nextel 144A 9% | 0.46% |
| -- First Data 12.625% | 0.45% |
| -- Reynolds Grp Issuer 5.75% | 0.41% |
| -- Hca 6.5% | 0.41% |
| -- Sallie Mae 8.45% | 0.39% |
| -- Hawk Acquisition Sub 144A 4.25% | 0.37% |
| -- Sallie Mae 6.25% | 0.32% |
| -- Intelsat Jackson Hldgs 7.25% | 0.32% |
| -- Sprint Nextel 6% | 0.31% |
-0.36 / -0.38%
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