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ETFs

Principal Active High Yield ETF

YLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 08 2015
Expense Ratio
0.39%
Type
Global Diversified
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$349,657
AUM
$108,052,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GVMXX
STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM
2.02%
n/a
UNITED AIRLINES, INC. 2021 TERM LOAN B
1.66%
SRMEW5073293
SMYRNA READY MIX CONCRET SR SECURED 144A 11/28 6
1.58%
AER79
Aercap Holdings N.V. - FXDFR NT REDEEM 10/10/2079 USD 150000
1.58%
n/a
NET OTHER ASSETS
1.56%
BOYN5167987
BOYNE USA INC SR UNSECURED 144A 05/29 4.75
1.52%
LTM5112531
LIFE TIME INC SR SECURED 144A 01/26 5.75
1.49%
TGB5120308
TASEKO MINES LTD SR SECURED 144A 02/26 7
1.47%
CCRG5072877
CCM MERGER INC SR UNSECURED 144A 05/26 6.375
1.46%
OTEX5299728
OPEN TEXT CORP COMPANY GUAR 144A 12/29 3.875
1.43%
Invest with YLD

What is YLD?

The investment seeks to provide current income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, its assets in investment grade and non-investment grade fixed income securities (commonly known as "junk bonds") and in equity securities. The funds Sub-Advisors, actively and tactically allocates the funds assets among fixed income securities and equity securities in an effort to take advantage of changing economic conditions that the Advisor believes favors one asset class over another.

ETFs related toYLD

ETFs correlated to YLD include HYLB, JNK, HYG

YLD
Principal Exchange-Traded Funds - Principal Active High Yield ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toYLD

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with YLD using Composer

FAQ

YLD is a Global Diversified ETF. The investment seeks to provide current income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, its assets in investment grade and non-investment grade fixed income securities (commonly known as "junk bonds") and in equity securities. The funds Sub-Advisors, actively and tactically allocates the funds assets among fixed income securities and equity securities in an effort to take advantage of changing economic conditions that the Advisor believes favors one asset class over another.

Yes, YLD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, YLD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on YLD is 0.0004%. This is the percent change in the value of YLD over the most recent 1-month period. The 3-month return on YLD is 0.0128%. This is the percent change in the value of YLD over the most recent 3-month period.

The standard deviation of YLD for the past year is 0.0719%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to YLD include AOR, DRSK, and FPEI.

ETFs correlated to YLD include HYLB, JNK, and HYG.

ETFs that are inversely correlated to YLD include SJB, EPV, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.