Junk-bond ETFs have become a hot topic in 2015, as liquidity concerns heat up ahead of potential Fed action.
Common measures of tracking performance don't tell the full story.
This ETF follows a rules-based index that avoids the lowest-rated junk bonds.
It offers an attractive yield but is heavily concentrated in the industrials sector.
Investors are likely better served by traditional bond funds.
We also go under the hood of some asset-specific costs.
This high-yield bond index fund attempts to avoid some of the pitfalls of market-cap weighting, but it may introduce a new problem.
We revisit and make a modification to our portfolio for those with shorter time horizons.