iShares 0-5 Year High Yield Corporate Bond ETF
Name
As of 11/19/2024Price
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
Vitals
YTD Return
8.1%
1 yr return
11.5%
3 Yr Avg Return
4.6%
5 Yr Avg Return
4.6%
Net Assets
$5.54 B
Holdings in Top 10
19.2%
52 WEEK LOW AND HIGH
$43.0
$41.46
$43.43
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
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
SHYG - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.59%
- Dividend Yield 7.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameiShares 0-5 Year High Yield Corporate Bond ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateOct 15, 2013
-
Shares Outstanding121300000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Mauro
Fund Description
The Fund seeks to track the investment results of the Markit iBoxx® USD Liquid High Yield 0-5 Index (the “Underlying Index”), which is designed to reflect the performance of U.S. dollar-denominated high yield (as determined by Markit Indices Limited (the “Index Provider” or “Markit”)) corporate debt. High yield bonds are also known as “junk bonds”and are generally rated below investment-grade. The Underlying Index offers exposure to liquid (according to Markit’s liquidity screens, which could vary from other measures of liquidity) U.S. dollar-denominated high yield corporate bonds maturing between zero and five years and is rebalanced on a monthly basis. Only bonds with $350 million minimum face value per bond are included in the Underlying Index, provided they are trading at a minimum price in accordance with Markit's liquidity screens. The Underlying Index uses a market-value weighted methodology with a cap on each issuer of 3%. As of October 31, 2023, a significant portion of the Underlying Index is represented by securities of
companies in the consumer services and industrials industries or sectors. The components of the Underlying Index are likely to change over time.
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.
SHYG - Performance
Return Ranking - Trailing
| Period | SHYG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -7.0% | 15.5% | 33.55% |
| 1 Yr | 11.5% | -1.8% | 17.8% | 68.08% |
| 3 Yr | 4.6%* | -14.3% | 21.4% | 6.49% |
| 5 Yr | 4.6%* | -11.1% | 37.3% | 25.57% |
| 10 Yr | 4.3%* | -4.9% | 20.1% | 32.39% |
* Annualized
Return Ranking - Calendar
| Period | SHYG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.3% | -4.7% | 14.3% | 88.89% |
| 2022 | -9.7% | -33.4% | 3.6% | 5.94% |
| 2021 | -0.3% | -8.4% | 8.2% | 62.33% |
| 2020 | -2.1% | -13.2% | 302.7% | 84.30% |
| 2019 | 4.2% | -4.4% | 13.3% | 88.20% |
Total Return Ranking - Trailing
| Period | SHYG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -7.0% | 15.5% | 33.55% |
| 1 Yr | 11.5% | -1.8% | 17.8% | 68.08% |
| 3 Yr | 4.6%* | -14.3% | 21.4% | 6.49% |
| 5 Yr | 4.6%* | -11.1% | 37.3% | 25.57% |
| 10 Yr | 4.3%* | -4.9% | 20.1% | 32.39% |
* Annualized
Total Return Ranking - Calendar
| Period | SHYG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.4% | -4.7% | 18.7% | 82.19% |
| 2022 | -4.7% | -33.4% | 47.8% | 5.61% |
| 2021 | 4.6% | -8.4% | 12.4% | 61.13% |
| 2020 | 3.2% | -9.6% | 325.6% | 83.25% |
| 2019 | 9.9% | -3.8% | 19.4% | 86.75% |
SHYG - Holdings
Concentration Analysis
| SHYG | Category Low | Category High | SHYG % Rank | |
|---|---|---|---|---|
| Net Assets | 5.54 B | 3.13 M | 23.6 B | 10.91% |
| Number of Holdings | 1066 | 2 | 3879 | 7.04% |
| Net Assets in Top 10 | 1.22 B | -492 M | 5.25 B | 6.87% |
| Weighting of Top 10 | 19.20% | 4.2% | 146.0% | 22.59% |
Top 10 Holdings
- BlackRock Cash Funds: Institutional, SL Agency Shares 15.08%
- BlackRock Cash Funds: Treasury, SL Agency Shares 0.64%
- Cloud Software Group Inc 0.51%
- Directv Financing LLC / Directv Financing Co-Obligor Inc 0.47%
- DISH Network Corp 0.47%
- Venture Global LNG Inc 0.44%
- Teva Pharmaceutical Finance Netherlands III BV 0.42%
- CCO Holdings LLC / CCO Holdings Capital Corp 0.42%
- Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC 0.37%
- Mauser Packaging Solutions Holding Co 0.37%
Asset Allocation
| Weighting | Return Low | Return High | SHYG % Rank | |
|---|---|---|---|---|
| Bonds | 97.86% | 0.00% | 145.36% | 18.08% |
| Cash | 15.73% | -52.00% | 48.02% | 3.76% |
| Convertible Bonds | 1.03% | 0.00% | 17.89% | 52.54% |
| Stocks | 0.00% | 0.00% | 99.64% | 72.64% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 64.65% |
| Other | 0.00% | -39.08% | 99.96% | 67.76% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SHYG % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 51.21% |
| Technology | 0.00% | 0.00% | 33.17% | 49.91% |
| Real Estate | 0.00% | 0.00% | 86.71% | 48.97% |
| Industrials | 0.00% | 0.00% | 93.12% | 61.12% |
| Healthcare | 0.00% | 0.00% | 22.17% | 55.51% |
| Financial Services | 0.00% | 0.00% | 100.00% | 58.13% |
| Energy | 0.00% | 0.00% | 100.00% | 6.17% |
| Communication Services | 0.00% | 0.00% | 99.99% | 70.09% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 46.36% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 59.81% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 59.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SHYG % Rank | |
|---|---|---|---|---|
| US | 0.00% | 0.00% | 99.64% | 70.70% |
| Non US | 0.00% | -0.01% | 0.83% | 51.72% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SHYG % Rank | |
|---|---|---|---|---|
| Corporate | 98.37% | 0.00% | 100.00% | 10.66% |
| Cash & Equivalents | 15.73% | 0.00% | 48.02% | 3.44% |
| Derivative | 0.00% | -14.19% | 42.26% | 60.88% |
| Securitized | 0.00% | 0.00% | 97.24% | 68.52% |
| Municipal | 0.00% | 0.00% | 1.17% | 43.61% |
| Government | 0.00% | 0.00% | 99.07% | 60.98% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SHYG % Rank | |
|---|---|---|---|---|
| US | 97.86% | 0.00% | 126.57% | 13.58% |
| Non US | 0.00% | 0.00% | 96.91% | 66.78% |
SHYG - Expenses
Operational Fees
| SHYG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.30% | 0.02% | 38.33% | 97.71% |
| Management Fee | 0.30% | 0.00% | 1.75% | 6.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| SHYG 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
| SHYG 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.
| SHYG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 39.00% | 1.00% | 255.00% | 16.28% |
SHYG - Distributions
Dividend Yield Analysis
| SHYG | Category Low | Category High | SHYG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.10% | 0.00% | 11.76% | 32.03% |
Dividend Distribution Analysis
| SHYG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| SHYG | Category Low | Category High | SHYG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.59% | -2.39% | 9.30% | 39.17% |
Capital Gain Distribution Analysis
| SHYG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 01, 2024 | $0.255 | OrdinaryDividend |
| Oct 01, 2024 | $0.249 | OrdinaryDividend |
| Sep 03, 2024 | $0.251 | OrdinaryDividend |
| Aug 01, 2024 | $0.245 | OrdinaryDividend |
| Jul 01, 2024 | $0.245 | OrdinaryDividend |
| Jun 03, 2024 | $0.246 | OrdinaryDividend |
| May 01, 2024 | $0.237 | OrdinaryDividend |
| Apr 01, 2024 | $0.252 | OrdinaryDividend |
| Mar 01, 2024 | $0.232 | OrdinaryDividend |
| Feb 01, 2024 | $0.230 | OrdinaryDividend |
| Dec 14, 2023 | $0.233 | OrdinaryDividend |
| Dec 01, 2023 | $0.230 | OrdinaryDividend |
| Nov 01, 2023 | $0.231 | OrdinaryDividend |
| Oct 02, 2023 | $0.234 | OrdinaryDividend |
| Sep 01, 2023 | $0.228 | OrdinaryDividend |
| Aug 01, 2023 | $0.210 | OrdinaryDividend |
| Jul 03, 2023 | $0.219 | OrdinaryDividend |
| Jun 01, 2023 | $0.229 | OrdinaryDividend |
| May 01, 2023 | $0.216 | OrdinaryDividend |
| Apr 03, 2023 | $0.260 | OrdinaryDividend |
| Mar 01, 2023 | $0.229 | OrdinaryDividend |
| Feb 01, 2023 | $0.244 | OrdinaryDividend |
| Dec 15, 2022 | $0.228 | OrdinaryDividend |
| Dec 01, 2022 | $0.224 | OrdinaryDividend |
| Nov 01, 2022 | $0.152 | OrdinaryDividend |
| Oct 03, 2022 | $0.203 | OrdinaryDividend |
| Sep 01, 2022 | $0.194 | OrdinaryDividend |
| Aug 01, 2022 | $0.195 | OrdinaryDividend |
| Jul 01, 2022 | $0.189 | OrdinaryDividend |
| Jun 01, 2022 | $0.183 | OrdinaryDividend |
| May 02, 2022 | $0.181 | OrdinaryDividend |
| Apr 01, 2022 | $0.175 | OrdinaryDividend |
| Mar 01, 2022 | $0.179 | OrdinaryDividend |
| Feb 01, 2022 | $0.175 | OrdinaryDividend |
| Dec 16, 2021 | $0.178 | OrdinaryDividend |
| Dec 01, 2021 | $0.175 | OrdinaryDividend |
| Nov 01, 2021 | $0.172 | OrdinaryDividend |
| Oct 01, 2021 | $0.179 | OrdinaryDividend |
| Sep 01, 2021 | $0.173 | OrdinaryDividend |
| Aug 02, 2021 | $0.179 | OrdinaryDividend |
| Jul 01, 2021 | $0.181 | OrdinaryDividend |
| Jun 01, 2021 | $0.184 | OrdinaryDividend |
| May 03, 2021 | $0.184 | OrdinaryDividend |
| Apr 01, 2021 | $0.197 | OrdinaryDividend |
| Mar 01, 2021 | $0.197 | OrdinaryDividend |
| Feb 01, 2021 | $0.192 | OrdinaryDividend |
| Dec 17, 2020 | $0.188 | OrdinaryDividend |
| Dec 01, 2020 | $0.190 | OrdinaryDividend |
| Nov 02, 2020 | $0.190 | OrdinaryDividend |
| Oct 01, 2020 | $0.194 | OrdinaryDividend |
| Sep 01, 2020 | $0.198 | OrdinaryDividend |
| Aug 03, 2020 | $0.190 | OrdinaryDividend |
| Jul 01, 2020 | $0.187 | OrdinaryDividend |
| Jun 01, 2020 | $0.178 | OrdinaryDividend |
| May 01, 2020 | $0.205 | OrdinaryDividend |
| Apr 01, 2020 | $0.206 | OrdinaryDividend |
| Mar 02, 2020 | $0.188 | OrdinaryDividend |
| Feb 03, 2020 | $0.190 | OrdinaryDividend |
| Dec 19, 2019 | $0.205 | OrdinaryDividend |
| Dec 02, 2019 | $0.206 | OrdinaryDividend |
| Nov 01, 2019 | $0.207 | OrdinaryDividend |
| Oct 01, 2019 | $0.200 | OrdinaryDividend |
| Sep 03, 2019 | $0.205 | OrdinaryDividend |
| Aug 01, 2019 | $0.204 | OrdinaryDividend |
| Jul 01, 2019 | $0.210 | OrdinaryDividend |
| Jun 03, 2019 | $0.211 | OrdinaryDividend |
| May 01, 2019 | $0.201 | OrdinaryDividend |
| Apr 01, 2019 | $0.208 | OrdinaryDividend |
| Mar 01, 2019 | $0.202 | OrdinaryDividend |
| Feb 01, 2019 | $0.213 | OrdinaryDividend |
| Dec 18, 2018 | $0.248 | OrdinaryDividend |
| Dec 03, 2018 | $0.221 | OrdinaryDividend |
| Nov 01, 2018 | $0.229 | OrdinaryDividend |
| Oct 01, 2018 | $0.217 | OrdinaryDividend |
| Sep 04, 2018 | $0.226 | OrdinaryDividend |
| Aug 01, 2018 | $0.229 | OrdinaryDividend |
| Jul 02, 2018 | $0.222 | OrdinaryDividend |
| Jun 01, 2018 | $0.213 | OrdinaryDividend |
| May 01, 2018 | $0.208 | OrdinaryDividend |
| Apr 02, 2018 | $0.205 | OrdinaryDividend |
| Mar 01, 2018 | $0.199 | OrdinaryDividend |
| Feb 01, 2018 | $0.211 | OrdinaryDividend |
| Dec 21, 2017 | $0.155 | OrdinaryDividend |
| Dec 01, 2017 | $0.217 | OrdinaryDividend |
| Nov 01, 2017 | $0.214 | OrdinaryDividend |
| Oct 02, 2017 | $0.212 | OrdinaryDividend |
| Sep 01, 2017 | $0.218 | OrdinaryDividend |
| Aug 01, 2017 | $0.216 | OrdinaryDividend |
| Jul 03, 2017 | $0.221 | OrdinaryDividend |
| Jun 01, 2017 | $0.225 | OrdinaryDividend |
| May 01, 2017 | $0.224 | OrdinaryDividend |
| Apr 03, 2017 | $0.226 | OrdinaryDividend |
| Mar 01, 2017 | $0.229 | OrdinaryDividend |
| Feb 01, 2017 | $0.230 | OrdinaryDividend |
| Dec 22, 2016 | $0.162 | OrdinaryDividend |
| Dec 01, 2016 | $0.228 | OrdinaryDividend |
| Nov 01, 2016 | $0.226 | OrdinaryDividend |
| Oct 03, 2016 | $0.231 | OrdinaryDividend |
| Sep 01, 2016 | $0.233 | OrdinaryDividend |
| Aug 01, 2016 | $0.227 | OrdinaryDividend |
| Jul 01, 2016 | $0.226 | OrdinaryDividend |
| Jun 01, 2016 | $0.226 | OrdinaryDividend |
| May 02, 2016 | $0.226 | OrdinaryDividend |
| Apr 01, 2016 | $0.217 | OrdinaryDividend |
| Mar 01, 2016 | $0.209 | OrdinaryDividend |
| Feb 01, 2016 | $0.209 | OrdinaryDividend |
| Dec 24, 2015 | $0.198 | OrdinaryDividend |
| Dec 01, 2015 | $0.202 | OrdinaryDividend |
| Nov 02, 2015 | $0.208 | OrdinaryDividend |
| Oct 01, 2015 | $0.216 | OrdinaryDividend |
| Sep 01, 2015 | $0.213 | OrdinaryDividend |
| Aug 03, 2015 | $0.200 | OrdinaryDividend |
| Jul 01, 2015 | $0.182 | OrdinaryDividend |
| Jun 01, 2015 | $0.171 | OrdinaryDividend |
| May 01, 2015 | $0.180 | OrdinaryDividend |
| Apr 01, 2015 | $0.176 | OrdinaryDividend |
| Mar 02, 2015 | $0.170 | OrdinaryDividend |
| Feb 02, 2015 | $0.185 | OrdinaryDividend |
| Dec 24, 2014 | $0.187 | OrdinaryDividend |
| Dec 01, 2014 | $0.185 | OrdinaryDividend |
| Nov 03, 2014 | $0.190 | OrdinaryDividend |
| Oct 01, 2014 | $0.190 | OrdinaryDividend |
| Sep 02, 2014 | $0.190 | OrdinaryDividend |
| Aug 01, 2014 | $0.175 | OrdinaryDividend |
| Jul 01, 2014 | $0.185 | OrdinaryDividend |
| Jun 02, 2014 | $0.169 | OrdinaryDividend |
| May 01, 2014 | $0.161 | OrdinaryDividend |
| Apr 01, 2014 | $0.147 | OrdinaryDividend |
| Mar 03, 2014 | $0.159 | OrdinaryDividend |
| Feb 03, 2014 | $0.167 | OrdinaryDividend |
| Dec 26, 2013 | $0.179 | OrdinaryDividend |
| Dec 02, 2013 | $0.251 | OrdinaryDividend |
SHYG - Fund Manager Analysis
Managers
James Mauro
Start Date
Tenure
Tenure Rank
Oct 15, 2013
8.63
8.6%
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 | 7.32 | 8.17 |