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Trending ETFs

High Yield ETF

Active ETF
HYLD
Dividend policy
Active
Price as of:
$32.1 +0.0 +0.0%
primary theme
High Yield Bond
HYLD (ETF)

High Yield ETF

Dividend policy
Active
Price as of:
$32.1 +0.0 +0.0%
primary theme
High Yield Bond
HYLD (ETF)

High Yield ETF

Dividend policy
Active
Price as of:
$32.1 +0.0 +0.0%
primary theme
High Yield Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

High Yield ETF

HYLD | Active ETF

$32.10

$132 M

6.36%

$2.04

1.25%

Vitals

YTD Return

0.6%

1 yr return

12.9%

3 Yr Avg Return

2.9%

5 Yr Avg Return

5.5%

Net Assets

$132 M

Holdings in Top 10

16.4%

52 WEEK LOW AND HIGH

$32.1
$30.22
$32.62

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 101.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

High Yield ETF

HYLD | Active ETF

$32.10

$132 M

6.36%

$2.04

1.25%

HYLD - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.23%
DIVIDENDS
  • Dividend Yield 6.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    High Yield ETF
  • Fund Family Name
    Peritus
  • Inception Date
    Nov 30, 2010
  • Shares Outstanding
    4125189
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael DePalma

Fund Description

The Sub-Advisor seeks to achieve the fund's investment objective by selecting a focused portfolio of high-yield debt securities, which include senior and subordinated corporate debt obligations (such as loans, bonds, debentures, notes and commercial paper). The fund does not have any portfolio maturity limitation and may invest its assets in instruments with short-term, medium-term or long-term maturities. It invests at least 80% of its net assets (plus any borrowings for investment purposes) in high-yield debt securities.


HYLD - Performance

Return Ranking - Trailing

Period HYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -69.1% 14.4% 46.43%
1 Yr 12.9% -16.2% 44.9% 24.17%
3 Yr 2.9%* -14.6% 17.4% 96.15%
5 Yr 5.5%* -7.1% 13.4% 54.77%
10 Yr 4.1%* 2.5% 10.8% 97.23%

* Annualized

Return Ranking - Calendar

Period HYLD Return Category Return Low Category Return High Rank in Category (%)
2020 -4.9% -75.1% 399.1% 92.48%
2019 -0.4% -56.9% 226.1% 94.00%
2018 -6.9% -61.3% -0.4% 18.15%
2017 1.4% -49.0% 18.8% 39.00%
2016 9.2% -25.2% 28.6% 14.87%

Total Return Ranking - Trailing

Period HYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -69.1% 14.4% 46.56%
1 Yr 12.9% -18.7% 52.4% 21.46%
3 Yr 2.9%* -14.6% 16.3% 94.39%
5 Yr 5.5%* -7.1% 12.7% 48.69%
10 Yr 4.1%* 2.5% 10.8% 97.28%

* Annualized

Total Return Ranking - Calendar

Period HYLD Return Category Return Low Category Return High Rank in Category (%)
2020 -4.9% -75.1% 399.1% 92.48%
2019 -0.4% -56.9% 23.9% 94.14%
2018 -6.9% -61.3% 0.9% 31.77%
2017 1.4% -49.0% 18.8% 52.50%
2016 9.2% -25.2% 39.0% 29.93%

HYLD - Holdings

Concentration Analysis

HYLD Category Low Category High HYLD % Rank
Net Assets 132 M 3.09 M 29.8 B 77.81%
Number of Holdings 219 1 2534 69.43%
Net Assets in Top 10 21.5 M -557 M 4.07 B 65.97%
Weighting of Top 10 16.35% 2.6% 100.0% 33.54%

Top 10 Holdings

  1. PGIM Global High Yield Fund, Inc. 1.94%
  2. Global Ship Lease Inc 9.88% 1.86%
  3. PGIM High Yield Bond Fund, Inc. 1.85%
  4. Pgx Holdings Inc 09/29/23 Term Loan 1.85%
  5. Pgx Holdings Inc 09/29/23 Term Loan 1.85%
  6. Pgx Holdings Inc 09/29/23 Term Loan 1.85%
  7. Pgx Holdings Inc 09/29/23 Term Loan 1.85%
  8. Pgx Holdings Inc 09/29/23 Term Loan 1.85%
  9. Pgx Holdings Inc 09/29/23 Term Loan 1.85%
  10. Pgx Holdings Inc 09/29/23 Term Loan 1.85%

Asset Allocation

Weighting Return Low Return High HYLD % Rank
Bonds
88.38% 0.00% 149.08% 84.16%
Cash
5.19% -46.64% 100.00% 19.93%
Convertible Bonds
4.09% 0.00% 18.19% 7.30%
Stocks
1.48% 0.00% 38.15% 26.49%
Preferred Stocks
0.91% 0.00% 13.89% 16.09%
Other
-0.07% -53.57% 32.06% 95.54%

Stock Sector Breakdown

Weighting Return Low Return High HYLD % Rank
Real Estate
63.17% 0.00% 100.00% 0.56%
Energy
12.16% 0.00% 100.00% 63.01%
Technology
10.75% 0.00% 60.77% 6.88%
Communication Services
4.62% 0.00% 100.00% 42.01%
Consumer Cyclical
4.29% 0.00% 100.00% 25.09%
Healthcare
1.67% 0.00% 42.86% 18.03%
Consumer Defense
1.22% 0.00% 100.00% 18.03%
Industrials
0.88% 0.00% 100.00% 29.93%
Financial Services
0.59% 0.00% 100.00% 35.32%
Utilities
0.42% 0.00% 100.00% 26.95%
Basic Materials
0.25% 0.00% 100.00% 40.33%

Stock Geographic Breakdown

Weighting Return Low Return High HYLD % Rank
US
1.39% -1.89% 35.96% 26.73%
Non US
0.09% -0.04% 5.61% 23.02%

Bond Sector Breakdown

Weighting Return Low Return High HYLD % Rank
Corporate
92.33% 0.00% 100.00% 69.27%
Cash & Equivalents
5.40% 0.00% 100.00% 21.81%
Derivative
1.56% 0.00% 46.55% 11.15%
Government
0.47% 0.00% 76.79% 22.80%
Securitized
0.24% 0.00% 94.09% 31.23%
Municipal
0.00% 0.00% 11.89% 50.06%

Bond Geographic Breakdown

Weighting Return Low Return High HYLD % Rank
US
73.07% 0.00% 135.50% 79.58%
Non US
15.31% 0.00% 96.92% 27.60%

HYLD - Expenses

Operational Fees

HYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.03% 4.79% 23.51%
Management Fee 1.25% 0.00% 1.84% 98.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

HYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

HYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.00% 0.00% 347.00% 82.12%

HYLD - Distributions

Dividend Yield Analysis

HYLD Category Low Category High HYLD % Rank
Dividend Yield 6.36% 0.00% 34.04% 49.75%

Dividend Distribution Analysis

HYLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

HYLD Category Low Category High HYLD % Rank
Net Income Ratio 5.23% -2.39% 10.53% 34.13%

Capital Gain Distribution Analysis

HYLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

HYLD - Fund Manager Analysis

Managers

Michael DePalma


Start Date

Tenure

Tenure Rank

Sep 06, 2018

3.07

3.1%

Michael DePalma joined MacKay Shields in 2019. Prior to joining MacKay Shields, Mr. DePalma was CEO and co-CIO of PhaseCapital LP, a boutique asset manager that managed both credit and global macro strategies, including the Fund. Before that, Mr. DePalma was CIO of Quantitative Investment Strategies and Head of Fixed Income Absolute Return Strategies at AllianceBernstein, where he worked for 25 years

Michael Ning


Start Date

Tenure

Tenure Rank

Sep 06, 2018

3.07

3.1%

Michael Ning joined MacKay Shields in 2019. Prior to joining MacKay Shields, Dr. Ning was co-CIO and Director of Risk Management at PhaseCapital LP, the Fund's prior sub-adviser. Before joining PhaseCapital, Dr. Ning was a portfolio manager at First Eagle Investments where he managed multi-asset and tail hedging strategies. Before joining First Eagle, he spent 12 years at AllianceBernstein in various roles, more recently as portfolio manager for Unconstrained Bond and Fixed Income Macro strategies, as well as Director of Research for Credit and Absolute Return Strategies.

Barry Boland


Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.08

2.1%

Barry Boland is a portfolio manager of WhiteStar. Prior to joining WhiteStar in 2014, Mr. Boland was an Associate Director in the Proprietary Investing group of ORIX USA, where he managed a portfolio of leveraged loans, high yield bonds, equities, and derivatives. Prior to joining Orix in 2006, Mr. Boland was a proprietary trader with Hold Brothers, a direct access equity trading firm. Prior to joining Hold Brothers in 2001, Mr. Boland was a senior auditor with Ernst & Young. Mr. Boland began his career as a staff auditor with Deloitte & Touche. Mr. Boland received a Master of Science in Applied Mathematics for Finance from Baruch College, City University of New York and a Bachelor of Business Administration in Finance and Bachelor of Accountancy from the University of Oklahoma.

Nathan Hall


Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.08

2.1%

Nathan Hall is a portfolio manager of WhiteStar. Before joining WhiteStar in 2013, Mr. Hall served as a Vice President with H.I.G. WhiteHorse, managing a portfolio of syndicated bank loans. Additionally, Mr. Hall worked with Managing Directors at Bayside Capital, the distressed debt affiliate of H.I.G., to source, evaluate, and manage distressed debt investments across multiple sectors from inception to ultimate resolution. Prior to joining WhiteHorse in 2007, Mr. Hall worked at an integrated asset management firm, gaining exposure to bank debt, bonds, and equities across a wide variety of structures and strategies. He has also received credit management and underwriting training from Wells Fargo. Mr. Hall received a Bachelor of Business Administration in Finance from Texas A&M University.

Gibran Mahmud


Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.08

2.1%

Gibran Mahmud is Chief Executive Officer and Chief Investment Officer of WhiteStar. Prior to joining WhiteStar in 2013, Mr. Mahmud was a Senior Vice President and Head of Mergers, Acquisitions and Business Strategy for a private family office. Previously, Mr. Mahmud served as Senior Portfolio Manager and Head of Structured Products at Highland Capital Management, L.P. Prior to joining Highland in 2001, he served as a Senior Analyst at Fleet Capital where he was involved in originating, structuring, modeling and credit analysis for clients primarily in the manufacturing, retail and services industries. Prior to joining Fleet in 2000, he was a Senior Auditor at Arthur Andersen. Mr. Mahmud received a Master of Business Administration in Finance and a Bachelor of Business Administration in Accounting from Baylor University. He is a Certified Public Accountant (CPA).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 37.13 6.87 2.25