The Alternative Sources XB ETF is brought to you by a reputable issuer committed to providing investors with exposure to alternative investment opportunities. With a track record of delivering innovative financial products, this issuer aims to empower investors with diverse options in their portfolio. The Alternative Sources XB ETF offers a unique approach to investment, allowing you to explore alternatives beyond traditional asset classes.
The Health Care Select Sector SPDR Fund (XLV) offers investors exposure to the healthcare sector, where dividends are not the primary focus, but they are still an important component of total returns. XLV typically distributes dividends on a quarterly basis, in line with the dividend policies and performances of the healthcare companies it holds. While XLV is known for its focus on capital appreciation, investors can still expect some level of dividend returns from the stable and established healthcare companies within its portfolio.
Tracking the ICE BofA Single-B US Cash Pay High Yield Constrained Index is at the core of the Alternative Sources XB ETF's strategy. This ETF seeks to mirror the investment results of the index, which includes bonds from the ICE BofA US Cash Pay High Yield Index rated B1 through B3, with issuer exposure capped at 2%. The index constituents are capitalization-weighted, reflecting the outstanding amount of each bond, ensuring that individual issuer exposure does not exceed 2%. Alternative Sources XB offers investors exposure to high-yield bonds while maintaining a diversified portfolio in line with the index.
The correlation aspect of the BNY Mellon US High Yield Beta ETF (BHYCX) is closely tied to the performance of the ICE BofA Single-B US Cash Pay High Yield Constrained Index. Given that BHYCX aims to track this specific index, its correlation with the underlying index is expected to be quite high. This correlation is particularly important for investors seeking exposure to the B1 to B3 rated high yield bonds within the U.S. domestic market, as it helps gauge the ETF's performance in relation to these specific bonds. To gain a deeper understanding of this correlation and explore its implications, investors can utilize the ETF Insider web app, which offers comprehensive data visualization tools to analyze correlations and identify potential overlaps with other asset classes or sectors, aiding in more informed investment decisions.
The Alternative Sources XB ETF is primarily focused on the high-yield corporate bond sector. This ETF seeks to track the performance of the ICE BofA Single-B US Cash Pay High Yield Constrained Index, which includes bonds rated B1 through B3. The index constituents are weighted by market capitalization, with an issuer exposure cap of 2%. This investment approach provides exposure to lower-rated bonds while mitigating issuer concentration risk. Additionally, the ETF may allocate a portion of its assets to futures, options, and other securities to enhance its tracking efficiency.
The exposure characteristic of the XB ETF is designed to track the Bloomberg Barclays 2023 Maturity High-Quality Corporate Index, with a termination date of around March 31, 2023. This ETF primarily invests in U.S. dollar-denominated, taxable, investment-grade corporate bonds set to mature after March 31, 2022, and before April 1, 2023, while excluding financial issuers. As of October 31, 2020, a substantial portion of the index consists of companies in the consumer cyclical, consumer staples, and technology sectors. The ETF's investment focus offers investors an opportunity to gain exposure to a diverse range of high-quality corporate bonds within these sectors.Are you interested in exploring the exposure of this ETF or other ETFs in more detail? ETF Insider can help you discover comprehensive exposure data and insights through its web app, allowing you to visualize market overlap, correlations, and more for various U.S. ETFs.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
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ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
