ETF Spotlight on the AdvisorShares Peritus High Yield ETF (NYSEArca: HYLD), part of an ongoing series.
Assets: $87.1 million.
Objective: The Peritus High Yield ETF is an actively managed fund that tries to generate a high current income with a secondary goal of capital appreciation. The ETF will utilize high-yield debt securities that generate a high current income stream. [High-Yield Bond ETFs]
Holdings: Peritus de-emphasises relative value in favor of long-term, absolute returns. The fund has a relatively spread out allocation in speculative grade, high-yield, “junk” bonds. Top holdings as of 4/30/2012 include Harland Clarke holdings 4.4%, Air Canada 4.1%, United Refining 4.0%, CEDC Fin Corp Intl Inc 3.3% and SGS International Inc 3.3%.