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HYBL / HYBL: High Yield From Junk Bonds And Leveraged Loans
SPDR Blackstone High Income ETF (HYBL) aims to generate high income from leveraged loans, high-yield bonds, and CLO debt tranches. The HYBL inexplicably compares itself against the AGG Index, making it appear to be an outperforming fund. Measured against the appropriate underlying asset classes, HYBL has underperformed. Although the HYBL ETF pays an attractive 7.1% distribution yield, investors should be mindful of rising defaults within the high-yield space that could detract from total returns.
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Posted: Sep 2 2023, 10:00
Author Name: Seeking Alpha
Views: 042213
HYBL News
By Seeking Alpha
September 2, 2023
HYBL: High Yield From Junk Bonds And Leveraged Loans
SPDR Blackstone High Income ETF (HYBL) aims to generate high income from leveraged loans, high-yield bonds, and CLO debt tranches. The HYBL inexplicab more_horizontal