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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$36.65

$11.8 B

6.80%

$2.49

0.08%

Vitals

YTD Return

4.5%

1 yr return

11.1%

3 Yr Avg Return

2.0%

5 Yr Avg Return

3.8%

Net Assets

$11.8 B

Holdings in Top 10

20.7%

52 WEEK LOW AND HIGH

$36.6
$33.79
$36.66

Expenses

OPERATING FEES

Expense Ratio 0.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$36.65

$11.8 B

6.80%

$2.49

0.08%

USHY - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.91%
DIVIDENDS
  • Dividend Yield 6.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Broad USD High Yield Corporate Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Oct 25, 2017
  • Shares Outstanding
    186100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the ICE BofA US High Yield Constrained Index (the Underlying Index), which is a rules-based index consisting of U.S. dollar-denominated, high yield (as determined by ICE Data Indices, LLC (Index Provider or IDI)) corporate bonds publicly issued and settled in the U.S. The Underlying Index is designed to provide a broad representation of the U.S. dollar-denominated high yield corporate bond market. The Underlying Index is a modified market value-weighted index with a cap on each issuer of 2%. There is no limit to the number of issues in the
Underlying Index, but as of October 31, 2023, the Underlying Index included approximately 1,854 constituents and the issuers in the Underlying Index are principally located in the U.S. The components of the Underlying Index are likely to change over time.
As of the date of this prospectus (the Prospectus), the bonds eligible for inclusion in the Underlying Index include U.S. dollar-denominated high yield corporate bonds that: (i) are issued by companies having risk exposure to countries (i.e.,issuers that are subject to the risks of one or more of these countries as a result of the principal country of domicile of the issuers (as determined by the Index Provider)) that are members of the FX-G10, which include Australia, Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, New Zealand, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, the U.K. and the U.S. and their respective territories; (ii) have an average rating of below investment grade (ratings from Fitch Ratings, Inc. (Fitch), Moody’s Investors Service, Inc. (Moody's) or S&P Global Ratings are considered; if more than one agency provides a rating, the average rating is attached to the
bond); (iii) are registered with the SEC, exempt from registration at issuance, or offered pursuant to Rule 144A under the Securities Act of 1933, as amended (the 1933 Act), with or without registration rights; (iv) have at least $250 million of outstanding face value; (v) have an original maturity date of at least 18 months; and (vi) have at least one year to maturity.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to
those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA believes will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is owned, maintained and administered by the Index Provider, which isindependent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group
of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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USHY - Performance

Return Ranking - Trailing

Period USHY Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -6.6% 10.2% 25.95%
1 Yr 11.1% -4.4% 18.8% 15.40%
3 Yr 2.0%* -15.5% 20.3% 34.71%
5 Yr 3.8%* -12.1% 37.1% 32.58%
10 Yr N/A* -5.3% 19.6% 10.86%

* Annualized

Return Ranking - Calendar

Period USHY Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -4.7% 14.3% 48.25%
2022 -16.2% -33.4% 3.6% 61.86%
2021 -0.2% -8.4% 8.2% 55.93%
2020 0.4% -13.2% 302.7% 41.75%
2019 7.6% -4.4% 13.3% 57.60%

Total Return Ranking - Trailing

Period USHY Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -6.6% 10.2% 25.95%
1 Yr 11.1% -4.4% 18.8% 15.40%
3 Yr 2.0%* -15.5% 20.3% 34.71%
5 Yr 3.8%* -12.1% 37.1% 32.58%
10 Yr N/A* -5.3% 19.6% N/A

* Annualized

Total Return Ranking - Calendar

Period USHY Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -4.7% 18.7% 33.97%
2022 -11.2% -33.4% 47.8% 62.50%
2021 5.0% -8.4% 12.4% 49.42%
2020 6.2% -9.6% 325.6% 33.85%
2019 14.2% -3.8% 19.4% 41.70%

USHY - Holdings

Concentration Analysis

USHY Category Low Category High USHY % Rank
Net Assets 11.8 B 1.45 M 23.6 B 6.01%
Number of Holdings 1884 2 2888 0.95%
Net Assets in Top 10 2.29 B -492 M 5.26 B 6.04%
Weighting of Top 10 20.72% 4.4% 144.6% 19.87%

Top 10 Holdings

  1. BlackRock Cash Funds: Institutional, SL Agency Shares 17.60%
  2. BlackRock Cash Funds: Treasury, SL Agency Shares 0.81%
  3. Medline Borrower LP 0.33%
  4. DISH Network Corp 0.31%
  5. Cloud Software Group Inc 0.30%
  6. Cloud Software Group Inc 0.30%
  7. Directv Financing LLC / Directv Financing Co-Obligor Inc 0.28%
  8. HUB International Ltd 0.27%
  9. Venture Global LNG Inc 0.26%
  10. Mauser Packaging Solutions Holding Co 0.25%

Asset Allocation

Weighting Return Low Return High USHY % Rank
Bonds
97.86% -0.88% 154.38% 17.72%
Cash
18.41% -52.00% 91.75% 2.23%
Convertible Bonds
1.26% 0.00% 17.89% 44.04%
Stocks
0.00% 0.00% 99.58% 71.36%
Preferred Stocks
0.00% 0.00% 7.50% 68.36%
Other
0.00% -63.70% 100.29% 62.16%

Stock Sector Breakdown

Weighting Return Low Return High USHY % Rank
Financial Services
99.66% 0.00% 100.00% 4.27%
Energy
0.34% 0.00% 100.00% 72.36%
Utilities
0.00% 0.00% 100.00% 58.12%
Technology
0.00% 0.00% 33.17% 49.86%
Real Estate
0.00% 0.00% 86.71% 53.28%
Industrials
0.00% 0.00% 93.12% 61.25%
Healthcare
0.00% 0.00% 22.17% 51.00%
Communication Services
0.00% 0.00% 99.99% 73.50%
Consumer Defense
0.00% 0.00% 100.00% 53.85%
Consumer Cyclical
0.00% 0.00% 100.00% 67.81%
Basic Materials
0.00% 0.00% 100.00% 55.84%

Stock Geographic Breakdown

Weighting Return Low Return High USHY % Rank
US
0.00% 0.00% 99.58% 69.63%
Non US
0.00% -0.01% 0.83% 53.90%

Bond Sector Breakdown

Weighting Return Low Return High USHY % Rank
Corporate
98.17% 0.00% 100.00% 14.49%
Cash & Equivalents
18.41% 0.00% 91.75% 2.23%
Derivative
0.00% -14.70% 42.26% 49.76%
Securitized
0.00% 0.00% 97.24% 60.83%
Municipal
0.00% 0.00% 1.17% 31.85%
Government
0.00% 0.00% 99.07% 52.71%

Bond Geographic Breakdown

Weighting Return Low Return High USHY % Rank
US
97.86% -0.88% 129.21% 10.49%
Non US
0.00% 0.00% 96.20% 67.41%

USHY - Expenses

Operational Fees

USHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.08% 0.02% 38.33% 99.68%
Management Fee 0.08% 0.00% 1.75% 1.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

USHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

USHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

USHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 1.00% 255.00% 2.95%

USHY - Distributions

Dividend Yield Analysis

USHY Category Low Category High USHY % Rank
Dividend Yield 6.80% 0.00% 11.76% 24.01%

Dividend Distribution Analysis

USHY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

USHY Category Low Category High USHY % Rank
Net Income Ratio 4.91% -2.39% 14.30% 23.95%

Capital Gain Distribution Analysis

USHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

USHY - Fund Manager Analysis

Managers

James Mauro


Start Date

Tenure

Tenure Rank

Oct 25, 2017

4.6

4.6%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.17 8.17