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The underlying benchmark is a rules-based index made up of USD-denominated, high yield corporate bonds issued from Australia, Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, New Zealand, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, the U.K. and the U.S. and their respective territories, according to a prospectus sheet.
USHY shows a 3.58 year effective duration with an average yield of 4.79%.
Sector weights include communications 18.9%, energy 12.%, consumer cyclical 11.6%, consumer non-cyclical 10.9%, technology 6.8%, capital goods 6.6%, basic industry 5.7%, banking 2.9%, finance 2.8%, electric 2.5%, transportation 1.3% and insurance 1.2%.
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