HYLD — Peritus High Yield ETF
Data updated: 2023-08-30
HYLD — Peritus High Yield ETF. Short Corporate Bond · $100.34M AUM · 1.16% expense ratio · 2.4% 1-yr return. Holdings, fees, performance and SEC filings.
HYLD Fund Overview
HYLD — Peritus High Yield ETF is a US ETF managed by Exchange Listed Funds Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Listed Funds Trust
- Category: Short Corporate Bond
- Assets under management: $100.34M
- 1-year return: 2.4%
- Ticker: HYLD
- SEC CIK: 0001547950
- SEC series ID: S000061845
- Share class ID: C000200224
HYLD Investment Objective and Strategy
Peritus High Yield ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Listed Funds Trust.
Investment objective
The High Yield ETF (the Fund) seeks high current income with a secondary goal of capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by selecting a focused portfolio of high-yield debt securities, which include senior and subordinated corporate debt obligations (such as loans, bonds, debentures, notes and commercial paper). High yield debt securities are rated below investment grade (that is, securities rated below the top four rating categories of a ratings organization or, if unrated, determined to be of comparable credit quality by the sub-adviser) and are commonly referred to as high yield or junk bonds. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in high-yield debt securities. The Fund does not have any portfolio maturity limitation and may invest its assets in instruments with short-term, medium-term or long-term maturities.
In selecting securities for the Fund's portfolio, PhaseCapital LP, the Fund's sub-adviser (the Sub-Adviser) performs an independent investment analysis of each issuer to determine its creditworthiness. The Sub-Adviser views credit as either of the highest quality or D ( i.e ., it either pays or does not). The Sub-Adviser takes a deep value contrarian approach to the credit markets, focusing on absolute value. The Sub-Adviser largely focuses on the secondary market, often investing in assets at a discount to par ($100), allowing for a potential opportunity to generate capital gains in addition to current yield. The Sub-Adviser believes that structural and technical inefficiencies exist in the secondary credit markets, which create attractive investment opportunities, and that, by holding a diversified but limited number of securities, the portfolio will be constructed of securities that provide exposure to industries believed to offer the most value to the Fund.
Companies in the energy sector have significant representation in the high-yield debt securities market. The Fund also may invest in equity securities that the Sub-Adviser believes will yield high dividends or are otherwise consistent with the Fund's investment objective and in repurchase agreements. The Fund's strategy may frequently involve buying and selling securities, which may lead to relatively high portfolio turnover.
HYLD Holdings
Top 10 holdings of Peritus High Yield ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Jp Morgan U.s. Government Money Market Institutional Shares | 5.28% |
| Global Ship Lease, Inc. | 2.22% |
| Jbs USA Lux/jbs USA Fin | 2.12% |
| Quad Graphics, Inc. | 1.95% |
| Clearwater Seafoods, Inc. | 1.85% |
| Cooke Omega/alpha Vessel | 1.84% |
| Urban One, Inc. | 1.79% |
| Montage Resources Corp. | 1.57% |
| Hlf Fin Sarl Llc/herbali | 1.57% |
| Welltec A/s | 1.49% |
HYLD Portfolio Allocation
Asset-class allocation of Peritus High Yield ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 68.1% |
| Loans | 19.4% |
| Equity | 9.5% |
| Cash & Equivalents | 5.3% |
HYLD Performance
Total returns for HYLD (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.4% |
| 3 years (annualised) | 1.0% |
HYLD Risk Information
Risk metrics for HYLD, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.6%
HYLD Costs and Fees
HYLD costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.31%
- Portfolio turnover: 42%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
HYLD Cashflows
Over the 12 months to 2023-06, Peritus High Yield ETF had net inflows of $24.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $0 |
| 2023-05 | $0 |
| 2023-04 | $0 |
| 2023-03 | $19.98M |
| 2023-02 | $794.64K |
| 2023-01 | $676.78K |
HYLD Debt Constituents
Largest debt holdings of Peritus High Yield ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Global Ship Lease, Inc. | 2.22% |
| Jbs USA Lux/jbs USA Fin | 2.12% |
| Quad Graphics, Inc. | 1.95% |
| Clearwater Seafoods, Inc. | 1.85% |
| Cooke Omega/alpha Vessel | 1.84% |
| Urban One, Inc. | 1.79% |
| Montage Resources Corp. | 1.57% |
| Hlf Fin Sarl Llc/herbali | 1.57% |
| Welltec A/s | 1.49% |
| Vector Group Ltd. | 1.40% |
HYLD Prospectus and SEC Filings
Official Peritus High Yield ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2021-10-28
- Prospectus supplement (497) — filed 2021-11-05
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Portfolio holdings (N-PORT) — filed 2023-05-22
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Annual census (N-CEN) — filed 2023-08-30
- Annual census (N-CEN) — filed 2022-09-08
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.