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High Yield Yields Less Than Treasuries 5 Years Ago
Bespoke Investment Group • Mon, May 13 • 1 Comment
The Race To Zero In High-Yield Credit
Cullen Roche • Mon, May 13 • 1 Comment
High-Yield Spreads Drop To A New Low
Bespoke Investment Group • Thu, Apr 25
4 Actively Managed Bond ETFs: Are They Worth Their Fees?
Carole Cable • Mon, Apr 22 • 10 Comments
Is High Yield Overvalued?
Morningstar • Fri, Apr 19 • 7 Comments
High-Yield Bond ETFs That Protect Against Rising Interest Rates
Tom Lydon • Mon, Apr 15
A Tactical Approach To Incorporating Bonds Into Your Inflation-Protected Portfolio
Ben Kramer-Miller • Sun, Apr 14 • 13 Comments
High-Yield Bond Vs. Dividend ETFs
Tom Lydon • Wed, Mar 27
Buying And Owning Gold Part 1: Arguments For Gold Ownership
Ben Kramer-Miller • Tue, Feb 19 • 6 Comments
Junk Bond ETFs: Adjusting For 'The Great Rotation'
Everyday Finance • Mon, Feb 11 • 7 Comments
The Financial Lexicon Positions For 2013: Limited Bond Market Opportunities Mean Patience Is Key
The Financial Lexicon • Fri, Dec 21, 2012 • 9 Comments
Prepare For The Possibility Of Much Higher Bond Spreads
The Financial Lexicon • Fri, Nov 16, 2012 • 6 Comments
Junk Bond Bubble Myths Vs. Reality
Learn Bonds • Mon, Nov 12, 2012 • 9 Comments
Seeking Alpha From This High-Yield ETF
The Financial Lexicon • Tue, Oct 16, 2012 • 14 Comments
Capitalize On Bond Market Inefficiency With These ETFs
Everyday Finance • Mon, Oct 1, 2012 • 2 Comments
Understanding The Life Cycle Of A Rally In Corporates Can Lead To Further Gains
Bondsquawk • Fri, Sep 28, 2012
The 3 Most Overvalued Assets
Howard Gold • Thu, Sep 27, 2012 • 12 Comments
When Indexing Fails: Junk Bonds
Morningstar • Wed, Jul 18, 2012 • 3 Comments
High Yield Still Undervalued
Skyler Greene • Mon, Jul 2, 2012 • 1 Comment
The World Of Bernanke: Future Bleak For Treasury Bonds
Skyler Greene • Sun, Jun 24, 2012 • 14 Comments

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Seeking Alpha From This High-Yield ETF
The Financial Lexicon • Tue, Oct 16, 2012 • 14 Comments
Junk Bond ETFs: HYLD Leading the Way
Eric Dutram • Wed, Jun 1, 2011 • 11 Comments
AdvisorShares' Latest: An Active ETF Option for Junk Bond Exposure
Jared Cummans • Wed, Dec 22, 2010
HYLD: The First Actively Managed 'Junk' Bond ETF
Ron Rowland • Fri, Dec 3, 2010
AdvisorShares Forms Partnership With Peritus
Shishir Nigam • Sun, Feb 21, 2010

High Yield Yields Less Than Treasuries 5 Years Ago
Bespoke Investment Group • Mon, May 13 • 1 Comment
The Race To Zero In High-Yield Credit
Cullen Roche • Mon, May 13 • 1 Comment
High-Yield Spreads Drop To A New Low
Bespoke Investment Group • Thu, Apr 25
4 Actively Managed Bond ETFs: Are They Worth Their Fees?
Carole Cable • Mon, Apr 22 • 10 Comments
Is High Yield Overvalued?
Morningstar • Fri, Apr 19 • 7 Comments
High-Yield Bond ETFs That Protect Against Rising Interest Rates
Tom Lydon • Mon, Apr 15
A Tactical Approach To Incorporating Bonds Into Your Inflation-Protected Portfolio
Ben Kramer-Miller • Sun, Apr 14 • 13 Comments
High-Yield Bond Vs. Dividend ETFs
Tom Lydon • Wed, Mar 27
Buying And Owning Gold Part 1: Arguments For Gold Ownership
Ben Kramer-Miller • Tue, Feb 19 • 6 Comments
Junk Bond ETFs: Adjusting For 'The Great Rotation'
Everyday Finance • Mon, Feb 11 • 7 Comments
The Financial Lexicon Positions For 2013: Limited Bond Market Opportunities Mean Patience Is Key
The Financial Lexicon • Fri, Dec 21, 2012 • 9 Comments
Prepare For The Possibility Of Much Higher Bond Spreads
The Financial Lexicon • Fri, Nov 16, 2012 • 6 Comments
Junk Bond Bubble Myths Vs. Reality
Learn Bonds • Mon, Nov 12, 2012 • 9 Comments
Capitalize On Bond Market Inefficiency With These ETFs
Everyday Finance • Mon, Oct 1, 2012 • 2 Comments
Understanding The Life Cycle Of A Rally In Corporates Can Lead To Further Gains
Bondsquawk • Fri, Sep 28, 2012
The 3 Most Overvalued Assets
Howard Gold • Thu, Sep 27, 2012 • 12 Comments
When Indexing Fails: Junk Bonds
Morningstar • Wed, Jul 18, 2012 • 3 Comments
High Yield Still Undervalued
Skyler Greene • Mon, Jul 2, 2012 • 1 Comment
The World Of Bernanke: Future Bleak For Treasury Bonds
Skyler Greene • Sun, Jun 24, 2012 • 14 Comments
There's Still Time To Buy Junk
Skyler Greene • Fri, Jun 22, 2012 • 4 Comments

There are no Transcripts on HYLD.

Junk or Jewels? The Lowdown on High-Yield Bonds

at CNBC.com (Nov 12, 2012)
Don't ignore diversified financial ETFs

at MarketWatch.com (Jul 19, 2012)
Weekend Investor: How to crack Wall Street’s earnings code

at MarketWatch.com (Jul 6, 2012)

HYLD vs. ETF Alternatives

HYLD Description

The investment objective of the Peritus High Yield ETF (HYLD) is to generate a high current income with a secondary goal of capital appreciation. HYLD is sub-advised by Peritus I Asset Management, LLC. Peritus seeks to achieve the Fund’s objective by selecting a focused portfolio of high yield debt securities that, via their coupons, generate a high current income stream. Peritus takes a value-based, active credit approach to the markets, largely foregoing new issue participation, favoring instead the secondary market where Peritus believes there is less competition and more opportunities for capital gains. Peritus de-emphasizes relative value in favor of long-term absolute returns.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: A Guide to U.S. Corporate Bond ETFs
Asset Class Performance: Bonds

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| Earnings
| Dividends
| M&A
| On the move

Friday, May 10, 5:57 AM Don't panic, Moody's says, there's "no strong evidence that recent [corporate debt] issuance levels presage a damaging correction." The notion that a bubble is building in the corporate bond market isn't reflected in credit spreads which, for both investment grade (LQD) and high yield (HYG, JNK), are closer to long-run averages than they are to alarmingly tight. Furthermore, the ratings agency says a surge in issuance reflects the "disintermediation of the banking sector" and notes that the proportion of total corporate liabilities comprised of debt securities hasn't significantly increased over the past two years." We can all rest easy now. (previous) 2 Comments
Wednesday, May 8, 11:38 AM The 5% yield barrier on junk bonds (HYG, JNK) is broken for the first time ever, the Barclays U.S. High Yield Index sliding to 4.97% (prior to Jan., the yield had never fallen below 6%). Spreads to Treasurys remain at a not-unreasonable 406 bps, far wider than the record-tight 223 points reached just as the gates of financial heck were about to open in 2007. In the meantime, the equity of highly non-wobbly companies like RDS.A, VOD, and GSK yields in the area of 5%. "We don't want to question the market," writes the FT's David Keohane, "but: what the (heck)?" 7 Comments
Monday, May 6, 1:04 PM It's an easy market to hate, but junk bond prices (HYG, JNK) keep going higher, the yield on the benchmark BAML index hitting an all-time low of 5.084%. The spread to Treasurys - treading water for awhile at 475 bps - has broken through that resistance, and is now at 4.33%. The Fed's role here is well-documented, but the latest meme has the BOJ's easing efforts as forcing a fresh wave of cash into the sector. 8 Comments
Friday, April 12, 12:28 PM Fixed-income may not be being given away as it was in 2010, but there's still value, says Jeff Gundlach, scoffing at talk of a bond bubble. "Raise your hand" if you own Treasurys for yourself or a client, he asked a room full of advisors (none went up). Bonds are not "over-owned" in the U.S., he says, showing cash and fixed income make up a higher percentage of household financial assets in other countries. 5 Comments [U.S. Economy]
Friday, March 22, 10:25 AM The recently announced Market Vectors Treasury-Hedged High Yield Bond ETF THHY starts trading today. The fund invests in high-yield bonds, but hedges interest rate risk by shorting Treasurys. It comes with a high expense ratio of 1.45% as compared to similar funds HYLS (1.19%), GYLD and MINC (0.75%). Comment!
Wednesday, March 20, 10:11 AM The term "high-yield" doesn't quite cut it anymore as the 30-day SEC yield on the High-Yield Corporate Bond ETF (HYG) threatens to drop below 5%. 4 Comments [Financials]
Monday, March 4, 9:23 AM The growing consensus against junk bonds in a picture shows soaring short interest in HYG. (via Stifel, h/t ukarlewitz) Comment!
Thursday, February 28, 8:25 AM Dan Fuss - a bond king even if that title is usually reserved for someone else - takes junk bond (HYG, JNK) exposure in his Loomis Sayles Bond Fund down to 24% of AUM, its lowest level ever. "The 'don't fight the Fed' mentality ... will have to reconcile at some point with the macroeconomic reality that there's more risk in the world than the market is choosing to acknowledge," says DoubleLine's Bonnie Baha, nodding in agreement with Fuss. Comment! [Financials]
Wednesday, February 27, 11:10 AM Leading off his latest outlook with Alan Greenspan's "irrational exuberance" line, Bill Gross (BOND) ponders its application to credit markets (LQD, HYG, JNK) today. Conclusion: Not yet. Labeling credit irrationality a 6 on a scale of 1-10, Gross suggests not selling, but instead lowering expectations.
1 Comment [U.S. Economy]
Friday, February 22, 10:09 AM The soon-to-hit Market Vectors High-Yield/Treasury ETF (THHY) - by going long high-yield and short 5-year Treasurys - aims to protect against rising rates. Rising Treasury rates, that is. What happens if the economy worsens, Treasury yields fall, and high-yield rates rise? In golf it's known as the dreaded double-cross. 2 Comments [Financials]
Tuesday, February 19, 8:52 AM Calling investors "handcuffed volunteers," Howard Marks says the people buying high-yield (HYG, JNK) at 6% are doing so only because T-bills pay 0.25%. These investors weren't buying 10 years ago at 12% or 4 years ago at 20%. "Are they doing it because they are pie-eyed optimists? No, (but) because they have to have income to eat." 3 Comments [Financials]
Friday, February 15, 8:06 AM It's fashionable to bash the high-yield sector (HYG, JNK), but UBS has a kind word to say. On a relative basis, valuation is still attractive, with yields 500 basis points higher than Treasurys leaving plenty of room to tighten. Issuer quality isn't as bad as reported, they say, with just 20% of new paper at CCC or less, vs. 35% in 2007. 2 Comments [Financials]
Monday, February 4, 11:56 AM Last week's losses in high-yield were accompanied by sizable outflows from high-yield ETFs, with HYG losing $461M in assets and JNK $348M. Investors also pulled money from another hot sector, emerging markets bonds (EMB). All three are now posting losses YTD. 5 Comments [Financials]
Thursday, January 31, 4:37 PM Are funds flowing out of junk bonds? The noticeable turn lower in HYG and JNK in the past couple of sessions has been accompanied by surging volume, notes John Spence. Both of the ETFs have returned to about flat YTD. The IG corporate bond ETF (LQD) is now red. Dan Fuss describes today's high yield values as "ridiculous." Comment! [U.S. Economy]
Monday, January 28, 1:34 PM Things are as good as they can get in high-yield, with a default rate in 2012 of 1.9%, according to Fitch, above 1.5% in 2011, but well below the long-term average of 4.6%. Fitch expects the default rate to rise to 2% this year. "The constructive outlook ... is heavily dependent on steady, if not stellar macro conditions." No worries there! 1 Comment [U.S. Economy]
Friday, January 25, 3:16 PM At the same time high-yield paper has gotten to about its priciest levels ever, the maturity has also gotten longer. Notes expiring in 7 years now make up 39.4% of the U.S. High Yield Master Index. In 2009, notes expiring in 2016 accounted for just 15.3% of the index. 2 Comments [Financials]

HYLD AdvisorShares Peritus High Yield ETF

HYLD

AdvisorShares Peritus High Yield ETF