Comparatively, HYG and JNK share four of the same holdings within their top six holdings (corporate debt from CIT Group, Lyondell Chemical, First Data, and Intelsat Bermuda), and note that HYLD does not own any of these issues at all within the current portfolio.
So for those advisors and portfolio managers looking to differentiate themselves in the fixed income ETF space through active security selection, HYLD may present a compelling alternative.
Peritus High Yield
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