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Name

As of 11/22/2024

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

iShares US & Intl High Yield Corp Bond ETF

GHYG | ETF

$44.58

$131 M

6.23%

$2.78

0.40%

Vitals

YTD Return

5.9%

1 yr return

10.9%

3 Yr Avg Return

2.3%

5 Yr Avg Return

3.2%

Net Assets

$131 M

Holdings in Top 10

16.1%

52 WEEK LOW AND HIGH

$44.7
$42.89
$45.80

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/22/2024

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

iShares US & Intl High Yield Corp Bond ETF

GHYG | ETF

$44.58

$131 M

6.23%

$2.78

0.40%

GHYG - Profile

Distributions

  • YTD Total Return 5.9%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.16%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares US & Intl High Yield Corp Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 03, 2012
  • Shares Outstanding
    2400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Markit iBoxx Global Developed Markets High Yield Index (the “Underlying Index”), which is a rules-based index consisting of high yield (as determined by Markit Indices Limited (the “Index Provider” or “Markit”)) corporate bonds denominated in U.S. dollars, euros, British pounds sterling and Canadian dollars. The Underlying Index is designed to provide a broad representation of the global high yield corporate bond market. High yield bonds are also known as “junk bonds.”The Underlying Index is made up of corporate bonds that are issued by companies domiciled in countries classified as developed markets by the Index Provider. The Underlying Index is a market value weighted index with a cap on each issuer of 3%. There is no limit to the number of issues in the Underlying Index. As of October 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the consumer services industry or sector. The components of
the Underlying Index are likely to change over time.
The Fund will invest in privately issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”).
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 sponsored by Markit, which is independent 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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GHYG - Performance

Return Ranking - Trailing

Period GHYG Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -8.1% 17.3% 87.79%
1 Yr 10.9% -2.4% 18.9% 76.71%
3 Yr 2.3%* -14.5% 21.6% 71.17%
5 Yr 3.2%* -11.2% 37.2% 74.43%
10 Yr 3.6%* -5.1% 20.1% 66.90%

* Annualized

Return Ranking - Calendar

Period GHYG Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -4.7% 14.3% 10.29%
2022 -16.0% -33.4% 3.6% 58.58%
2021 -2.9% -8.4% 8.2% 94.69%
2020 1.8% -13.2% 302.7% 16.05%
2019 8.3% -4.4% 13.3% 47.55%

Total Return Ranking - Trailing

Period GHYG Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -8.1% 17.3% 87.79%
1 Yr 10.9% -2.4% 18.9% 76.71%
3 Yr 2.3%* -14.5% 21.6% 71.17%
5 Yr 3.2%* -11.2% 37.2% 74.43%
10 Yr 3.6%* -5.1% 20.1% 66.90%

* Annualized

Total Return Ranking - Calendar

Period GHYG Return Category Return Low Category Return High Rank in Category (%)
2023 13.3% -4.7% 18.7% 20.42%
2022 -12.2% -33.4% 47.8% 80.03%
2021 1.6% -8.4% 12.4% 93.49%
2020 6.7% -9.6% 325.6% 25.75%
2019 13.5% -3.8% 19.4% 55.90%

GHYG - Holdings

Concentration Analysis

GHYG Category Low Category High GHYG % Rank
Net Assets 131 M 3.13 M 23.6 B 80.94%
Number of Holdings 1555 2 3879 1.64%
Net Assets in Top 10 22.8 M -492 M 5.25 B 80.69%
Weighting of Top 10 16.09% 4.2% 146.0% 33.06%

Top 10 Holdings

  1. BlackRock Cash Funds: Institutional, SL Agency Shares 13.56%
  2. BlackRock Cash Funds: Treasury, SL Agency Shares 0.46%
  3. Medline Borrower LP 0.30%
  4. Cloud Software Group Inc 0.28%
  5. Cloud Software Group Inc 0.28%
  6. Directv Financing LLC / Directv Financing Co-Obligor Inc 0.25%
  7. Venture Global LNG Inc 0.25%
  8. Teva Pharmaceutical Finance Netherlands III BV 0.24%
  9. HUB International Ltd 0.24%
  10. DISH Network Corp 0.24%

Asset Allocation

Weighting Return Low Return High GHYG % Rank
Bonds 		97.58% 0.00% 145.36% 23.45%
Cash 		14.02% -52.00% 48.02% 5.89%
Convertible Bonds 		2.18% 0.00% 17.89% 19.64%
Stocks 		0.00% 0.00% 99.64% 73.94%
Preferred Stocks 		0.00% 0.00% 4.97% 71.69%
Other 		0.00% -39.08% 99.96% 70.05%

Stock Sector Breakdown

Weighting Return Low Return High GHYG % Rank
Utilities 		0.00% 0.00% 100.00% 51.84%
Technology 		0.00% 0.00% 33.17% 52.25%
Real Estate 		0.00% 0.00% 86.71% 46.11%
Industrials 		0.00% 0.00% 93.12% 55.74%
Healthcare 		0.00% 0.00% 22.17% 49.18%
Financial Services 		0.00% 0.00% 100.00% 55.12%
Energy 		0.00% 0.00% 100.00% 5.33%
Communication Services 		0.00% 0.00% 99.99% 65.98%
Consumer Defense 		0.00% 0.00% 100.00% 46.72%
Consumer Cyclical 		0.00% 0.00% 100.00% 57.58%
Basic Materials 		0.00% 0.00% 100.00% 59.43%

Stock Geographic Breakdown

Weighting Return Low Return High GHYG % Rank
US 		0.00% 0.00% 99.64% 72.01%
Non US 		0.00% -0.01% 0.83% 59.41%

Bond Sector Breakdown

Weighting Return Low Return High GHYG % Rank
Corporate 		98.00% 0.00% 100.00% 15.74%
Cash & Equivalents 		14.02% 0.00% 48.02% 5.73%
Government 		0.28% 0.00% 99.07% 24.10%
Securitized 		0.16% 0.00% 97.24% 36.07%
Derivative 		0.00% -14.19% 42.26% 63.34%
Municipal 		0.00% 0.00% 1.17% 52.46%

Bond Geographic Breakdown

Weighting Return Low Return High GHYG % Rank
US 		71.47% 0.00% 126.57% 89.85%
Non US 		26.11% 0.00% 96.91% 3.93%

GHYG - Expenses

Operational Fees

GHYG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.02% 38.33% 93.95%
Management Fee 0.40% 0.00% 1.75% 13.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

GHYG 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

GHYG 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.

GHYG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 1.00% 255.00% 8.05%

GHYG - Distributions

Dividend Yield Analysis

GHYG Category Low Category High GHYG % Rank
Dividend Yield 6.23% 0.00% 11.76% 59.35%

Dividend Distribution Analysis

GHYG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

GHYG Category Low Category High GHYG % Rank
Net Income Ratio 4.16% -2.39% 9.30% 61.50%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GHYG - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Apr 03, 2012

10.16

10.2%

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 7.32 8.17

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