iShares B – Ca Rated Corporate Bond ETF (NYSEArca: QLTC)
30-Day SEC Yield: 5.41%
Effective Duration: 3.84 years
Comment: Slicing and dicing the junk bond universe into eight specific credit ratings may seem like a hyper-focused approach to building an ETF, but QLTC is not without its merits. Specifically, QLTC has a higher 30-day SEC yield, lower duration and has outpaced the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) this year.