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HYT - YieldShares High Income ETF: 8.7% Yield Passive Exposure To CEFs
Blackrock Corporate High Yield Fund Inc.
YieldShares High Income ETF (YYY) is an income-focused exchanged traded fund that tracks a basket of closed-end-funds, essentially an "ETF of CEFs". One of the advantages of CEFs is that it's a good structure to implement illiquid strategies across various asset classes, and often times, these are the types of securities that offer the highest yield, which is the focus of YYY. The YieldShares High Income ETF is comprised of 30 CEFs selected by overall highest fund yield, discount to net asset value, and liquidity. The result is a diversified portfolio across investment strategies and