Credit quality breakdown includes BB 43.7%, B 43.0% and CCC or lower 13.3%.
Sector allocations include industrial services 36.5%, industrial manufacturing 24.0%, industrial energy 17.0%, telecom 9.8%, industrial consumer 3.5%, utilities 3.3%, electric utilities 2.0% and finance 2.0%.
The Market Vectors Treasury-Hedged High Yield Bond fund tries to reflect the performance of the Market Vectors U.S. Treasury-Hedged High Yield Bond Index, which tracks U.S. denominated speculative grade debt and takes short positions in 5-year Treasury notes. Specifically, the fund offsets its long position with a 97.4% short position in U.S. Treasuries. THHY has a 1.45% expense ratio and a 3.31% 30-day SEC yield. The fund has an effective duration of 0.02 years.
Credit quality breakdown includes BB 38.0%, B 43.7%, CCC 15.1% and CC 0.7%.
Sector allocations include communications 23.3%, consumer non cyclical 17.3%, energy 15.3%, financial 14.0%, consumer cyclical 12.8%, utilities 5.7%, industrials 4.0%, technology 3.9% and basic materials 1.1%.
For more information on high-yield fixed-income assets, visit our high-yield bonds category.
Max Chen contributed to this article.
Story updated to correct information on how HYHG hedges its interest-rate exposure.