Overview
Short-maturity junk bonds — over 1,100 high-yield issues maturing within five years, trimming the rate risk from the 7% yield.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| CCL | Carnival bonds | 1.1% |
| F | Ford Motor bonds | 1.0% |
| TMUS | T-Mobile bonds | 0.9% |
| OXY | Occidental bonds | 0.8% |
| CHTR | Charter bonds | 0.8% |
| AAL | American Airlines bonds | 0.7% |
| HCA | HCA Healthcare bonds | 0.7% |
| CZR | Caesars bonds | 0.6% |
| DISH | EchoStar bonds | 0.6% |
| XPO | XPO bonds | 0.5% |
Fund Details
Investment Thesis
Short junk is the sharpest risk-reward corner of high yield: bonds within five years of maturity pay nearly the full sector yield, but their price barely moves with Treasury drama — the borrower either pays you back soon or doesn't. SHYG's 7% monthly income with roughly half of HYG's duration is why allocators use it as the junk sleeve in a rate-scarred world. Credit risk stays fully intact.
Who It's For
Income investors who accept junk credit but want minimal interest-rate exposure layered on top. The rate-hedged expression of the high-yield trade.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $41.48 | -- |
| 2017 | $41.90 | +1.0% |
| 2018 | $40.64 | -3.0% |
| 2019 | $43.08 | +6.0% |
| 2020 | $42.22 | -2.0% |
| 2021 | $43.06 | +2.0% |
| 2022 | $39.19 | -9.0% |
| 2023 | $40.75 | +4.0% |
| 2024 | $41.57 | +2.0% |
| 2025 | $42.40 | +2.0% |
| Year | Yield |
|---|---|
| 2016 | 5.90% |
| 2017 | 5.50% |
| 2018 | 6.20% |
| 2019 | 5.70% |
| 2020 | 5.40% |
| 2021 | 4.50% |
| 2022 | 6.70% |
| 2023 | 7.10% |
| 2024 | 7.00% |
| 2025 | 7.10% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.5B | -- |
| 2017 | $2B | +33.3% |
| 2018 | $2.5B | +25.0% |
| 2019 | $3.5B | +40.0% |
| 2020 | $4B | +14.3% |
| 2021 | $5B | +25.0% |
| 2022 | $4B | -20.0% |
| 2023 | $5B | +25.0% |
| 2024 | $7B | +40.0% |
| 2025 | $7.5B | +7.1% |
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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