The new bond ETF holds 170 debt securities, and it covers global issuers from Australia, Belgium, Canada, the Cayman Islands, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Jersey Channel Islands, Luxembourg, Macau, the Netherlands, Norway, Singapore, Sweden, the United Kingdom and the United States. The fund currently holds a hefty 85.5% tilt toward the U.S.
Sector weights include consumer discretionary 15.0%, industrials 12.7%, health care 12.4%, energy 11.7%, financials 7.7%, information technology 7.4%, materials 7.0%, telecom services 6.4% and utilities 2.5%.
Fixed-income investors may also like to know that SHYL distributes payouts on a monthly basis.
For more information on new fund products, visit our new ETFs category.