IYLD ETF

IYLD is a diverse ETF that invests in multiple asset classes, primarily bonds, but also includes equities, REITs, and alternative investments. Its performance has been underwhelming since it started, falling far short of CEFS.

The iShares Morningstar Multi-Asset Income ETF (IYLD) pays a 5.9% trailing distribution yield but has only achieved average annual returns of 2.5% over 10 years. The gap between the distribution yield and historical performance suggests that the IYLD ETF is an amortizing 'return of principal' fund, which should be avoided. There are better alternatives for investors seeking high yields from mostly fixed income investments, such as the TBIL ETF, the CLOZ ETF, and the UTF fund.