HYXU offers a high-yield portfolio of developed market bonds outside the US. The portfolio holds bonds in Canadian dollar, British pound sterling and Euro. The maturities of the securities in the index range from 1-15 years. The market-value-weighted index places a 3% cap on each issuer. HYXU uses a representative sampling wherein it may or may not hold all of the securities in the index but will invest in securities with the same risk and return profile. The fund is still a viable option for investors looking for yield in the European debt markets. Sibling fund GHYG offers corporate high yields to developed markets including the US.
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