Key stats
About iShares iBoxx $ High Yield Corporate Bond ETF
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Inception date
Apr 4, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
HYG was the first mover in the high-yield corporate bond market. For many years its been one of the largest and most liquid junk bond ETFs, along with archrival JNK. Its core exposure through the iBoxx index it tracks is solid, covering the most liquid corner of the junk bond market. HYG replicates much of the overall junk bond market, but often with shorter maturity, less interest-rate sensitivity, and also less yield. HYG tends to tracking its index more closely than most. However, direct comparisons are difficult, as HYGs underlying index factors in transaction costs, while others, following industry convention, do not. In sum, HYG is an anchor tenant in the ETF bond market.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.35%
Cash0.54%
Loans0.06%
Miscellaneous0.05%
Stock breakdown by region
North America89.25%
Europe8.16%
Asia1.58%
Oceania0.70%
Middle East0.31%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history