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(HYLD) Peritus High Yield ETF

Overview

How HYLD Works

The investment objective of the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD) is to generate a high current income with a secondary goal of capital appreciation. HYLD is sub-advised by Peritus I Asset Management, LLC. Peritus seeks to achieve the Fund’s objective by selecting a focused portfolio largely of high yield corporate debt securities that, via their coupons, generate a high, tangible income stream. Peritus takes a value-based, active credit approach to the markets, primarily focusing on the secondary market where Peritus believes there is less competition and more opportunities for capital gains. Peritus de-emphasizes relative value in favor of long-term, absolute returns.

Fund Documents

Portfolio Manager Commentaries

Fund Statistics & Industry Breakdown

as of 5/31/2018
  HYLD Bloomberg Barclays US Corporate High Yield Bond Index
Coupon 8.65% 6.34%
Yield to Maturity 9.09% 6.60%
Duration 2.82 years 3.96 years
     
Number of Holdings 94
12-Month Yield 7.22%
Current Yield 8.74%
30-Day SEC Unsubsidized Yield 7.68%
30-Day SEC Subsidized Yield 7.68%

Past Performance is not indicative of future results. HYLD statistics and industry breakdowns are for the actual HYLD security holdings as of the listed date, excluding cash, and the coupon, maturity in years, modified duration, yield to maturity, and ratings breakdown additionally exclude non-fixed income holdings, such as equities. For the purposes of the duration calculation, equity holdings have been excluded and loans assigned a duration of 0.25. Yield to Maturity is the yield if the security is held until the maturity date. Duration is the change of a fixed income security that will result from a 1% change in interest rate. HYLD uses a modified duration to worst calculation and the Bloomberg Barclays High Yield Index uses a modified adjusted duration calculation. Current Yield is the bond’s annual coupon income divided by the bond’s current price. 12-Month Yield is the sum of the fund’s dividend payments over the last twelve months divided by the fund NAV as of the listed date, expressed as a percentage. 30–Day SEC Yield (Standardized Yield) is an annualized yield furnished by the Fund's custodian that is calculated by dividing the investment income earned by the Fund less expenses over the most recent 30-day period by the current maximum offering price. The Subsidized Yield reflects fee waivers and/or expense reimbursements recorded by the Fund during the period. Without waivers and/or reimbursements, yields would be reduced. The Unsubsidized Yield does not adjust for any fee waivers and/ or expense reimbursements in effect. If the Fund does not incur any fee waivers and/or expense reimbursements during the period, the 30-Day Subsidized Yield and 30-Day Unsubsidized Yield will be identical.

HYLD Breakdown

HYLD Credit Ratings

as of 5/31/2018
Bond Rating (Category Average, ex-cash)Holdings
BBB-0.00%
BB+0.44%
BB1.02%
BB-4.30%
B+14.03%
B18.77%
B-29.94%
CCC+17.32%
CCC9.62%
CCC-0.00%
CC0.00%
C0.00%
D*2.64%
Not Rated2.01%

The Moody’s and S&P bond ratings have been calculated for each ratings category, and then the average of the two rating agencies’ percentage for each listed category has been calculated and presented herein. For the purposes of this presentation, Moody’s ratings have been mapped to the S&P equivalent. In cases were only one agency rates a security that rating will be used throughout and Provisional and Expected ratings have been used when provided. The ratings have been provided for the debt holdings, excluding cash and any equity holdings. A Standard & Poor's issue credit rating is a forward-looking opinion about the creditworthiness of an obligor with respect to a specific financial obligation. Moody’s ratings are forward-looking opinions of the relative credit risks of financial obligations issued by the issuing entity.

The credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates the bond issue's ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB and above are considered investment grade.

HYLD in the News

The following reprints should not be construed as an offer to sell or a solicitation of an offer to buy shares of any other funds. They are provided for informational purposes for AdvisorShares only.

Check back later for more news updates.

Performance -Month-End

HYLD Performance History (%) as of 5/31/2018
 NAVMarket Price ReturnBloomberg Barclays US Corporate High Yield Bond Index
1 Month0.650.21-0.03
3 Months1.692.29-0.01
YTD3.354.52-0.24
1 Year7.679.112.35
3 Years3.633.724.86
5 Years0.971.274.87
Since Inception
(11/30/2010, Annualized)
3.923.936.78

Performance -Quarter-End

HYLD Performance History (%) as of 3/31/2018
 NAVMarket Price ReturnBloomberg Barclays US Corporate High Yield Bond Index
1 Month0.280.92-0.60
3 Months1.923.12-0.86
YTD1.923.12-0.86
1 Year7.8710.593.78
3 Years3.663.865.17
5 Years1.151.194.99
Since Inception
(11/30/2010, Annualized)
3.813.836.85

Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.

The Bloomberg Barclays US Corporate High Yield Bond Index is an unmanaged index considered representative of the universe of U.S. fixed rate, non investment grade debt. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
05-25-18
05-29-18
05-31-18
$0.21907$0.00$0.00$0.00$0.21907/per share
04-25-18
04-26-18
04-30-18
$0.21659$0.00$0.00$0.00$0.21659/per share
03-26-18
03-27-18
03-29-18
$0.22517$0.00$0.00$0.00$0.22517/per share
02-26-18
02-27-18
02-28-18
$0.23564$0.00$0.00$0.00$0.23564/per share
01-26-18
01-29-18
01-31-18
$0.19208$0.00$0.00$0.00$0.19208/per share
12-27-17
12-28-17
12-29-17
$0.25695$0.00$0.00$0.00$0.25695/per share
11-28-17
11-29-17
11-30-17
$0.22858$0.00$0.00$0.00$0.22858/per share
10-27-17
10-30-17
10-31-17
$0.21878$0.00$0.00$0.00$0.21878/per share
09-26-17
09-27-17
09-29-17
$0.23287$0.00$0.00$0.00$0.23287/per share
08-25-17
08-29-17
08-31-17
$0.20971$0.00$0.00$0.00$0.20971/per share
07-26-17
07-28-17
07-31-17
$0.21390$0.00$0.00$0.00$0.21390/per share
06-23-17
06-28-17
06-30-17
$0.20507$0.00$0.00$0.00$0.20507/per share
05-23-17
05-26-17
05-31-17
$0.20729$0.00$0.00$0.00$0.20729/per share
04-21-17
04-26-17
04-28-17
$0.21356$0.00$0.00$0.00$0.21356/per share
03-24-17
03-28-17
03-31-17
$0.21678$0.00$0.00$0.00$0.21678/per share
02-23-17
02-27-17
02-28-17
$0.20705$0.00$0.00$0.00$0.20705/per share
01-25-17
01-27-17
01-31-17
$0.1843$0.00$0.00$0.00$0.1843/per share
12-23-16
12-28-16
12-30-16
$0.2528$0.00$0.00$0.00$0.2528/per share
11-23-16
11-28-16
11-30-16
$0.2176$0.00$0.00$0.00$0.2176/per share
10-25-16
10-27-16
10-31-16
$0.2101$0.00$0.00$0.00$0.2101/per share
09-26-16
09-28-16
09-30-16
$0.2181$0.00$0.00$0.00$0.2181/per share
08-25-16
08-29-16
08-31-16
$0.2129$0.00$0.00$0.00$0.2129/per share
07-25-16
07-27-16
07-29-16
$0.2168$0.00$0.00$0.00$0.2168/per share
06-24-16
06-28-16
06-30-16
$0.1447$0.00$0.00$0.00$0.1447/per share
05-24-16
05-26-16
05-31-16
$0.1387$0.00$0.00$0.00$0.1387/per share
04-25-16
04-27-16
04-29-16
$0.1370$0.00$0.00$0.00$0.1370/per share
03-24-16
03-29-16
03-31-16
$0.1893$0.00$0.00$0.00$0.1893/per share
02-23-16
02-25-16
02-29-16
$0.2078$0.00$0.00$0.00$0.2078/per share
01-25-16
01-27-16
01-29-16
$0.2035$0.00$0.00$0.00$0.2035/per share

To view HYLD's complete distribution history, please click here.

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Price History

As of: 06/24/2018
NAV$37.07Closing Price$37.10
Change$0.02Change$0.00
Shares Outstanding4,750,000Volume36,558
4PM Bid/Offer Midpoint$37.09Premium/Discount$0.02
Assets Under Management$176,072,051.47
Premium/Discount Historical Data

Holdings

As of: 06/24/2018

 

Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Holdings and allocations are subject to risks and to change. A holding identified with an "MM" at the end of its name indicates it is a Money Market fund.

Fund Basics

  • Symbol

    HYLD

  • Exchange

    NYSE Arca

  • Inception Date

    11/30/2010

  • CUSIP

    00768Y503

  • Indicative Value

    HYLD.IV

  • Options

    Yes

Fees & Expenses

  • Management Fee

    1.10%

  • Other Expenses

    0.14%

  • Acquired Fund Fees

    0.01%

  • Gross Expense Ratio

    1.25%

  • Net Expense Ratio

    1.25%