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% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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