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iShares iBoxx $ High Yield Corporate Bond ETFiShares iBoxx $ High Yield Corporate Bond ETFiShares iBoxx $ High Yield Corporate Bond ETF

iShares iBoxx $ High Yield Corporate Bond ETF

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Overview
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HYG chart


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Key stats


Assets under management (AUM)
‪17.15 B‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
5.74%
Discount/Premium to NAV
—
Shares outstanding
‪213.30 M‬
Expense ratio
0.49%

About iShares iBoxx $ High Yield Corporate Bond ETF


Issuer
BlackRock, Inc.
Brand
iShares
Home page
ishares.com
Inception date
Apr 4, 2007
Structure
Open-Ended Fund
Index tracked
iBoxx USD Liquid High Yield Index
Replication method
Physical
Management style
Passive
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.

Broaden your horizons with more funds linked to HYG via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value

HYG analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
0.7%89%7%0.3%1%
Top 10 holdings

HYG news



Ideas



See all ideas 

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HYG assets under management is ‪17.15 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HYG invests in bonds. See more details in our Analysis section.
HYG expense ratio is 0.49%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HYG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, HYG pays dividends to its holders with the dividend yield of 5.74%.
HYG shares are issued by BlackRock, Inc.
HYG follows the iBoxx USD Liquid High Yield Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 4, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.