Q: I have held this for years, down 20%. Is the 9.44% yield a red flag?
5i Research Answer:
Five year return is 3.73%. One year 8.58%. Indicated yield now 11.01%. We would not specifically call it a red flag. The ETF invests in high-yield corporate loans, and this category always has higher yields, generally. With some economic and rate concerns, yields in the sector have risen. It is not a risk-free fund, but is doing what it is meant to do.