Overview
Broad US high-yield corporate bonds — over 1,200 issues — at 0.05%, a tenth of what the incumbent junk-bond funds charge.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| CHTR | Charter Communications bonds | 1.2% |
| TMUS | T-Mobile bonds | 1.0% |
| CCL | Carnival bonds | 0.9% |
| OXY | Occidental bonds | 0.9% |
| F | Ford Motor bonds | 0.8% |
| HCA | HCA Healthcare bonds | 0.8% |
| DISH | EchoStar bonds | 0.7% |
| AAL | American Airlines bonds | 0.7% |
| THC | Tenet Healthcare bonds | 0.6% |
| CZR | Caesars bonds | 0.6% |
Fund Details
Investment Thesis
In an asset class where the average fund charges 0.40-0.50%, HYLB's 0.05% fee means roughly forty extra basis points of yield lands in your pocket every year for identical credit risk — compounding to real money over a cycle. The 6.6% monthly payout and broad 1,200-bond basket make it the rational default for junk-bond exposure; HYG and JNK keep the liquidity crown for traders.
Who It's For
Buy-and-hold income investors taking deliberate high-yield credit risk and refusing to pay active-level fees for it. The cost-optimised sibling of HYG/JNK/USHY.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $36.35 | -- |
| 2017 | $37.08 | +2.0% |
| 2018 | $35.23 | -5.0% |
| 2019 | $38.40 | +9.0% |
| 2020 | $38.01 | -1.0% |
| 2021 | $38.39 | +1.0% |
| 2022 | $32.63 | -15.0% |
| 2023 | $34.27 | +5.0% |
| 2024 | $34.95 | +2.0% |
| 2025 | $36.00 | +3.0% |
| Year | Yield |
|---|---|
| 2016 | 5.80% |
| 2017 | 5.50% |
| 2018 | 6.10% |
| 2019 | 5.50% |
| 2020 | 5.20% |
| 2021 | 4.40% |
| 2022 | 6.40% |
| 2023 | 6.60% |
| 2024 | 6.50% |
| 2025 | 6.60% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $1B | +400.0% |
| 2018 | $2B | +100.0% |
| 2019 | $3B | +50.0% |
| 2020 | $5B | +66.7% |
| 2021 | $6.5B | +30.0% |
| 2022 | $4B | -38.5% |
| 2023 | $3.5B | -12.5% |
| 2024 | $3.5B | +0.0% |
| 2025 | $3.5B | +0.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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