Columbia Short Duration High Yield ETF (HYSD)

The Columbia Short Duration High Yield ETF (HYSD) is an actively managed exchange-traded fund from Columbia Threadneedle Investments that invests in below-investment-grade corporate bonds while keeping the portfolio's interest rate sensitivity low.

The fund focuses on high-yield bonds with shorter maturities or expected call dates, seeking a high level of current income with less exposure to changes in interest rates than a broad high-yield fund. Managers use fundamental credit research to choose issuers and diversify across industries.

HYSD does not track an index, and its holdings are adjusted as the portfolio managers respond to changes in credit markets.