Best Fit Specialty: Fixed Income ETFs
U.S. News evaluated 10 Specialty: Fixed Income ETFs and 2 make our Best Fit list. Our list highlights the best passively managed funds for long-term investors. Rankings are assigned based on comparisons with Best Fit funds in this category.
| Best Fit Scorecard | |
|---|---|
| Costs | Typical |
| Tracking Error | Typical |
| Bid/Ask Ratio | Typical |
| Holdings Diversity | Good |
Fund Description
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P/LSTA U.S. Leveraged Loan 100 Index (the "underlying index"). The fund generally will invest at least 80% of its net assets (plus any borrowings for investment purposes) in senior loans that comprise the underlying index. Banks and other lending institutions generally issue senior loans to corporations, partnerships or other entities ("borrowers"). These borrowers operate in a variety of industries and geographic regions, including foreign countries. It is non-diversified.
Fund Snapshot Updated 06.17.2013
| Previous Close | $24.84 | Expense Ratio | 0.75% |
| YTD Return | 1.8% | Avg. 30-Day Volume | 3,295,405 |
| 1-Year Return | 7.9% | Market Cap | Loading... |
| Bid | $24.85 | Shares Outstanding | 183,200,000 |
| Ask | $24.86 | Dividends | $1.17 |
| Top 10 Holdings | |
|---|---|
| First Data Corp (—) | 18.67% |
| Chs / Cmnty Health Sys Inc (—) | 12.23% |
| Univision Communications Inc (—) | 9.45% |
| Reynolds Group Issuer Llc (—) | 8.42% |
| Clear Channel Communications (—) | 8.10% |
| Texas Competitive Elec Hldgs (—) | 7.84% |
| Hca Inc (—) | 6.65% |
| Avaya Inc (—) | 4.15% |
| Caesars Oper Escrow Llc (—) | 3.71% |
| Caesars Oper Escrow Llc (—) | 3.45% |
| % of Total Holdings | 82.70% |
