Data as of: 11/27/2020

Primary Exchange NYSE Arca
Ticker HYLD
CUSIP 30151E814
Net Assets $108,517,044.70
Shares Outstanding 3,450,000
Bid/Offer Midpoint $31.58
Number of Holdings 208
Fund Inception Date 11/30/2010
Expense Ratio 1 1.25%
30-day SEC Yield* (as of 07/31/2020) 9.79%
Volume 5,408
Net Asset Value (NAV)

NAV $31.45
Daily Change $0.03
Market Price

Closing Price $31.58
Daily Change $-0.01
Premium Discount

NAV Market Price Premium/Discount
$31.45 $31.58 $0.13

1 The Advisor has contractually agreed to keep net expenses from exceeding 1.35% of the Fund’s daily net assets for at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual reapproval of the agreement by the Board of Trustees.

*30–Day SEC Yield (Standardized Yield) is an annualized yield furnished by the Fund's custodian that is calculated by dividing the investment income earned by the Fund less expenses over the most recent 30-day period by the current maximum offering price.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the midpoint or the last bid/ask spread at 4:00pm Eastern time.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Quarter end as of: 9/30/2020

1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
Fund NAV 0.20% 5.37% -4.68% 31.58% -3.73% 1.33% 3.52% 2.83%
Market Price 1.27% 4.78% -4.56% 30.54% -3.85% 1.63% 3.86% 2.75%

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor`s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized. Returns are determined based on the midpoint of the bid/ask spread at 4:00pm Eastern time, when the NAV is typically calculated. Market returns does not represent the returns you would receive if you traded shares at other times.

Historical Premium/Discount

  • Premium Discount Quarter End: 09/30/2020

    Quarter End: 09/30/2020

    Days between -0.5 & +0.5% %
    Number of Days between -0.5 & +0.5% 8
    Greatest Premium 0.92%
    Greatest Discount -3.26%
    Number of days at:
    Premium 7
    NAV 0
    Discount 57
  • Premium Discount Quarter End: 06/30/2020

    Quarter End: 06/30/2020

    Days between -0.5 & +0.5% %
    Number of Days between -0.5 & +0.5% 5
    Greatest Premium 1.34%
    Greatest Discount -13.61%
    Number of days at:
    Premium 4
    NAV 0
    Discount 59
  • Premium Discount Quarter End: 03/31/2020

    Quarter End: 03/31/2020

    Days between -0.5 & +0.5% %
    Number of Days between -0.5 & +0.5% 25
    Greatest Premium 0.01%
    Greatest Discount -13.61%
    Number of days at:
    Premium 1
    NAV 0
    Discount 61
  • Premium Discount Quarter End: 12/31/2019

    Quarter End: 12/31/2019

    Days between -0.5 & +0.5% %
    Number of Days between -0.5 & +0.5% 17
    Greatest Premium -0.24%
    Greatest Discount -0.91%
    Number of days at:
    Premium 0
    NAV 0
    Discount 64
  • Premium Discount Quarter End: 2019

    Quarter End: 2019

    Days between -0.5 & +0.5% %
    Number of Days between -0.5 & +0.5% 101
    Greatest Premium 0.13%
    Greatest Discount -1.11%
    Number of days at:
    Premium 15.00
    NAV 0
    Discount 237

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting Read the prospectus and Summary Prospectus carefully before investing.

Foreside Fund Services, LLC, distributor.

An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Non-diversification exposes the Fund to greater market risk than if its assets were diversified among a greater number of issuers and/or sectors. High yield, lower rated bonds involve a greater degree of risk than investment grade bonds in return for higher yield potential. As such, securities rated below investment grade generally entail greater credit, market, issuer and liquidity risk than investment grade securities. Interest rate risk occurs when interest rates rise as bond prices usually fall This Fund may not be suitable for all investors.

Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.