Innovative semi-passive multi-sector income index
Real track record
High diversification
High quality
Highly liquid
Regular income
Sustainable total return
Stable methodology
Stable methodology
Sustainable total return
Regular income
Highly liquid
Real track record
High diversification
High quality
The Index suite of KelliYield includes KelliYield 3000 index and its sub-indices:
- KelliYield Corporate Gender Equality Income Index
- KelliYield low Greenhouse Gas Income Index
- KelliYield Developed Markets Income Index
Designed to track fixed and variable income securities across debt and alternative markets with a secondary objective of capital preservation by embedding a bias towards high credit quality
- Tracks circa 3,000 securities across sectors and sub-classes of debt that have high potential to produce high risk-adjusted returns and have low correlations to each other
- Utilizes a semi-passive approach, allowing static allocations based on yield, duration, credit quality, distributions and low correlation
- Provides an easily replicable solution for accumulating or distributing ETFs
Growth of $10,000
Index Announcements
Semi-Annual Review
The review committee chose to reduce the index’ exposure to Real Estate Investment Trusts by 2.1% and to upsize the exposure to Asset Backed loans by the same weighting. The review committee uses a window of range-bounded tactical asset allocation methodology on the review dates semi-annually. The review committee considers that a higher for longer rates policy at the U.S. Federal Reserve and Global Central Banks policies have negative repercussions on the liquidity of real estate. The re-weighting from real estate to asset backed loans gives investors a priority position on the collateral of the assets and improves the liquidity potential. Additionally, the index reconstitution at the semi-annual review included the deletion and replacement of 2 preferred shares constituting in total 0.45% of the index.
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Index Managers
Marc Nakhoul, CFA
Managing Director
Marc Nakhoul, Managing Director, is a member of the index committee. He is a debt advisor to institutional asset managers across the European and North American market. Marc focuses on various credit solutions within the debt stack with a focus on proactive risk mitigation and fair value debt pricing. Prior to joining the firm, Marc spent 6 years as multi-asset portfolio manager for a European family office and a total of 10 years in M&A transactions and fund management. Marc holds the CFA designation since 2011, has graduated with a MBA from St Gallen university and completed executive education at Columbia Business School, NY. Contact at marc@kelliyield3000.com
Elie Constantine, MSC
Executive Consultant
Elie Costantine is an independent member of the index committee since 2019. He is an executive consultant to institutional asset managers across the Scandinavian and North American market. Elie delivers multi-asset benchmarking solutions for large asset managers. His efforts focus on manager attribution, underlying exposures and risk management. Prior to joining the index committee in 2019, Elie spent a total of 8 years as index analyst at Solcative, alternative fund analyst and technology banking consultant. Elie has a M.A in financial engineering from EPFL and a bachelor in computer science from AUB.
Sales Team
Fares Najjar
Director of Sales and Licensing
Fares, director of sales and licensing at KelliYield 3000 Inc. Fares started his career in equity sales at SHUAA Capital, a large GCC-based wealth manager. Subsequently, he worked for a Geneva-based, Swiss-FINMA regulated, hedge fund distributor, being responsible for sales relations with Swiss/European and Asian investors. Before joining KelliYield, he worked for an Austrian family office based in Prague, responsible for capital markets. Fares is on the board of LMF Capital, a credit advisory boutique specialized in debt solutions for institutional clients. Contact at fares@kelliyield3000.com
Index Description
The KelliYield 3000 Index is a multi- sector, fixed and alternative income, benchmark tracking c. 3000 securities of US investment-grade and high-yield corporate bonds, US municipal bonds, emerging market bonds, REITs and alternative lending securities. The index derives its constituents from a proprietary semi-passive and rules- based methodology and is rebalanced on a quarterly basis.
Index Info
| Index Provider | |
| Index Name | |
| Bloomberg Ticker | |
| CUSIP | |
| ISIN | |
| Inception Date | |
| Calculation Versions | |
| Holdings | |
| Yield to Worst | % |
| Volatility | % |
| Index Calculation Agent | |
| Effective Duration Yrs. (Fixed Income Cat.) | |
| BBB+ Credit Rating (Fixed Income Cat.) | % |
Calendar year performance (%)
| Total Return | 2023 (YTD) | 2022 | 2021 | 2020 | 2019 | Since 1 Jan, 2019 |
|---|
*Benchmark^ the publicly-listed ETF iShares Core U.S. Aggregate Bond ETF (AGG). For comparability purposes, KelliYield 3000 Index (total return) includes hypothetical acquired management fees of c. 33 bps p.a.
Calendar year performance, additional data (%)
| Performance contribution | 2022 | 2021 | 2020 | 2019 | Since 1 Jan, 2019 |
|---|
Trailing returns (%)
| Total Return | 2023 (YTD) | 1 Year | 18 Month | 2 Year | 3 Year | 4 Year |
|---|
*Benchmark^ the publicly-listed ETF iShares Core U.S. Aggregate Bond ETF (AGG). For comparability purposes, KelliYield 3000 Index (total return) includes hypothetical acquired management fees of c. 33 bps p.a.
** Annualized returns, except for less than 12 months
Historical levels of total return index and price return index
Asset Classes
Credit quality
Sector exposures (%)
Geographical Exposures
Top 100 Holdings
| Identifier | Name | Sector | Security Type | Holding % |
|---|
Trailing returns (%), comparative analysis
| Comparative peers | Symbol | Fund Type | 1-year | 18-month | 2-year | 3-year | 4-year | YTD-2023 | 3-month | 6-month | 9-month |
|---|
* Annualized returns, except for less than 12 months
Compare to other ETFs or securities
Growth of $10,000
Comparative analysis
| Comparative Peers | KelliYield 3000 Index |
|---|
Index literature - factsheet
Factsheet KY3000
Index calculation guidelines by index calculation agent (INDXX LLC)
Index identifiers (CUSIP, ISIN)
Index methodology
Important information
KelliYield 3000 Inc. makes no representations or warranties regarding the advisability of investing in securities or the ability of the index to track general market performance. Past performance of the index is not an indicator of or a guarantee of future results. KelliYield 3000 Inc. disclaims any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the index. KelliYield 3000 Inc. shall not be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices and the index data, which are provided on an “as is” basis. This does not constitute a recommendation of any investment strategy or product for a particular investor. investors should consult a financial professional before making any investment decisions.