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HYLD-U

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Analysis and statistics

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About

HYLD-U.TO is the ticker symbol for the Horizons USD High Yield Bond ETF (CAD-Hedged Units) trading on the Toronto Stock Exchange (TSX). This ETF aims to replicate, to the extent possible, the performance of the Solactive USD High Yield Corporates Total Market TR Index, net of expenses. The index consists of U.S. dollar denominated high yield corporate bonds. The ETF uses a rules-based investment approach to select and hold bonds from the index. The "U.TO" suffix indicates that the ETF is listed on the Toronto Stock Exchange, and "CAD-Hedged" means that the ETF attempts to reduce the impact of fluctuations between the Canadian and U.S. dollar currencies on the returns of the investment.
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Factors

Fund Performance: Past and present returns relative to its benchmark influence demand.

Interest Rate Changes: Rising rates may decrease HYLD-U.TO's attractiveness, lowering its price.

Credit Spreads: Widening spreads indicate higher perceived risk, potentially reducing HYLD-U.TO's price.

Underlying Bond Prices: The prices of bonds held in the fund directly impact the ETF's net asset value.

Supply and Demand: High demand increases price; excess supply decreases it.

Market Sentiment: General optimism or pessimism affects overall demand for risk assets, including HYLD-U.TO.

Management Fees: Higher fees can reduce returns and potentially lower investor interest.

Currency Fluctuations: Changes in the USD/CAD exchange rate impact Canadian investors' returns.

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