HYG 📈 iShares High Yield - Overview

The iShares iBoxx $ High Yield Corporate Bond ETF, traded on the NYSE ARCA under the ticker HYG, is designed to track the performance of a rules-based index that focuses on U.S. dollar-denominated, high yield corporate bonds available for purchase in the U.S. market. This index is specifically tailored to include a broad range of high yield bonds, providing a diversified portfolio that can help mitigate risk while seeking to maximize returns in the high yield bond sector. The fund's investment strategy involves allocating at least 80% of its total assets to the component securities of the underlying index, ensuring a high level of adherence to the index's composition and performance characteristics.

Furthermore, the fund is mandated to invest a minimum of 90% of its assets in fixed income securities that are of the types included in the underlying index. This not only includes the bonds directly tracked by the index but may also encompass other fixed income instruments that the advisor believes will contribute to the fund's ability to accurately track the underlying index. This approach allows for some degree of flexibility in portfolio management, enabling the fund to maintain its tracking objective while also considering other relevant fixed income securities. The fund's operations and management are overseen by its advisor, who utilizes a disciplined investment approach to ensure the fund remains aligned with its investment objectives and the characteristics of the underlying index.

In terms of its structure, the iShares iBoxx $ High Yield Corporate Bond ETF is an exchange-traded fund (ETF) listed in the United States, with its domicile also being the United States. The fund's ISIN, or International Securities Identification Number, is US4642885135, which is a unique identifier used to facilitate the clearing and settlement of trades. As an ETF categorized under High Yield Bond, it is designed to provide investors with exposure to the U.S. high yield corporate bond market, offering a vehicle for those seeking to tap into the potential yields of this sector while benefiting from the diversification and liquidity that an ETF can provide. Additional information about the fund, including its investment objectives, strategies, and performance, can be found on the iShares website at http://www.ishares.com.