0.62%What YLDEX tracks
YLDEX tracks Franklin ClearBridge Enhanced Income, a fund that holds bonds, Treasury securities, or loans and pays out the income they generate. Its price moves with interest rates and, for corporate debt and loans, with the credit quality of the borrowers.
Funds holding short-dated debt tend to move little when rates change, while funds holding long-dated bonds can swing sharply. Distributions from the fund are usually reflected in the token rather than paid in cash.
About ClearBridge Income ETF
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TelegramHow YLDEX works
YLDEX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. YLDEX tracks the price of Franklin ClearBridge Enhanced Income, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping YLDEX, and it does not issue, back, or custody the token.
The price of YLDEX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
Distribution terms for YLDEX are set by Backed Finance. Where the underlying fund pays distributions, issuers usually reflect them in the token rather than paying cash.
When can you trade YLDEX?
YLDEX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of YLDEX comes from on-chain trading alone and can drift from the fund's last close.
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| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | Invesco Short Term Treasury ETF | $105.745 | 0.02% | Backed Finance | US market hours | |
| 2 | iShares TIPS Bond ETF | $104.708 | 0.10% | Ondo | US market hours | |
| 3 | iShares 0-3 Month Treasury Bond ETF | $100.555 | 0.02% | Backed Finance | US market hours | |
| 4 | iShares 0-3 Month Treasury Bond ETF | $100.555 | 0.02% | Ondo | US market hours | |
| 5 | iShares Core US Aggregate Bond ETF | $95.205 | 0.10% | Ondo | US market hours | |
| 6 | iShares 7-10 Year Treasury Bond ETF | $90.175 | 0.18% | Ondo | US market hours | |
| 7 | PIMCO 0-5 Year High Yield Corporate Bond Index ETF | $89.494 | 0.10% | Ondo | US market hours | |
| 8 | iShares 1-3 Year Treasury Bond ETF | $81.215 | 0.04% | Ondo | US market hours | |
| 9 | iShares 20+ Year Treasury Bond ETF | $79.456 | 0.53% | Ondo | US market hours | |
| 10 | iShares iBoxx $ High Yield Corporate Bond ETF | $76.955 | 0.20% | Ondo | US market hours | |
| 11 | Franklin Income Equity Focus ETF | $68.65 | 0.12% | Ondo | US market hours | |
| 12 | VanEck CLO ETF | $52.865 | 0.02% | Ondo | US market hours | |
| 13 | iShares AAA CLO Active ETF | $51.845 | 0.03% | Ondo | US market hours | |
| 14 | Janus Henderson AAA CLO | $50.565 | 0.03% | Backed Finance | US market hours | |
| 15 | Janus Henderson AAA CLO ETF | $50.565 | 0.03% | Ondo | US market hours | |
| 16 | iShares Flexible Income Active ETF | $50.525 | 0.14% | Ondo | US market hours | |
| 17 | WisdomTree Floating Rate Treasury Fund | $50.485 | 0.02% | Ondo | US market hours | |
| 18 | Fidelity AAA CLO | $50.40 | 0.01% | Backed Finance | US market hours | |
| 19 | JPMorgan Ultra-Short Income | $50.285 | 0.04% | Backed Finance | US market hours | |
| 20 | Franklin High Yield Corporate ETF | $23.355 | 0.26% | Ondo | US market hours | |
| 21 | Franklin Senior Loan | $22.695 | 0.04% | Backed Finance | US market hours |