Over the past three years, HYLD is up nearly 32%. Last year, the fund brought in almost $276 million of its current AUM total.
As of late December, U.S. junk bond issuance in 2013 was $324 billion, just below the record $344 billion seen in 2012. HYLD was able to navigate what was a generally good but sometimes trying year for high yield bond ETFs with a 2013 gain of almost 12%, more than double the gains posted by the two largest U.S. junk bond ETFs. [Junk Bond Issuance Flirts With Record]
“HYLD seeks to generate a high, tangible current income provided primarily by non-investment grade corporate debt securities with a secondary goal of capital appreciation. With valuation and fundamental analysis an essential component of their strategy, Peritus’ portfolio management team takes an active credit approach and concentrates only on the securities they feel offer the best value with the least risk within the company’s entire capital structure,” according to a statement issued by AdvisorShares.
AdvisorShares Peritus High Yield ETF
