EFTA Document EFTA01385382

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Healthcare Outlook Miles Hi hsmith HY Sector YTW and Returns versus the Broader HY Market YTW and Returns According to DB indices, at the time of this writing the HY Healthcare Index YTW was 6.55% versus the broader HY market YTW of 5.75%, reflecting a discount of 80 bps. The YID return for HY Healthcare bonds was 8%, and this compares to a total return of 7% for the HY Healthcare Index. Over time we have gene