Five Additions and Five Deletions in S-Network High Yield Fund Index Annual Reconstitution
New York, NY, Thursday, December 20, 2018 — The S-Network High Yield Fund IndexSM (TICKER: SNHYX) will add five constituents and drop five constituents in its annual reconstitution, effective 6:00 PM (EST) Sunday, December 23, 2018, maintaining the number of index components at 30.
The additions to SNHYX are: ISHARES INT RATE HEDG HY ETF (TICKER: HYGH US), MACQUARIE HIGH YIELD BOND (TICKER: DPHYX US), PROSHARES HIGH YIELD INTEREST (TICKER: HYHG US), JPM DISCIPLINED HIGH YIELD (TICKER: JPHY US), NICHOLAS HIGH INCOME FUND-I (TICKER: NCINX US).
The deletions from SNHYX are: CONSULTING GRP HIGH YIELD (TICKER: THYUX US), PRUDENTIAL HIGH YIELD FUND-Q (TICKER: PHYQX US), INVESCO BULLETSHARES 2019 HI (TICKER: BSJJ US), INVESCO BULLETSHARES 2020 HI (TICKER: BSJK US), INVESCO BULLETSHARES 2018 HI (TICKER: BSJI US).
The S-Network High Yield Fund IndexSM (TICKER: SNHYX) is an open-end fund index designed to serve as a benchmark for High Yield funds listed in the US that are principally engaged in asset management processes designed to produce taxable annual yield. SNHYX employs a modified market capitalization weighting methodology designed to ensure accurate investment exposure across the various business segments that together comprise the taxable annual yield sector of the High Yield Fixed Income Fund market.
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 200 indexes, which serve as the underlying portfolios for financial products with approximately USD 7 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...