|
iShares iBoxx $ High Yield Corporate Bond ETF
|
|||||||||||||||||
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| iShares iBoxx $ High Yield Corporate Bond ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. |
| Category | Corporate |
| Fund Sponsor | BlackRock Fund Advisors |
| Website | www.ishares.com |
| Inception date | Apr 04, 2007 |
| Assets (mns) | $16,358 |
| Currency | USD |
| Expense ratio | 49 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Full |
| No. of constituents | 1193 |
| No of distinct issuers | 518 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 97% |
| 0.0% /00/00 | 1.0 % |
| ALTICE FRANCE SA 7.4% 5/01/26 | 0.6 % |
| SPRINT CORP. 7.9% 9/15/23 | 0.5 % |
| TRANSDIGM, INC. 6.3% 3/15/26 | 0.5 % |
| VRX ESCROW CORP. 6.1% 4/15/25 | 0.4 % |
| CCO HOLDINGS LLC 5.1% 5/01/27 | 0.4 % |
| TENET HEALTHCARE CORP 8.1% 4/01/22 | 0.4 % |
| COMMUNITY HEALTH SYST 6.3% 3/31/23 | 0.4 % |
| INTELSAT JACKSON HOLD 8.5% 1/15/24 | 0.3 % |
| TEVA PHARMACEUTICAL F 2.2% 7/21/21 | 0.3 % |
| TOTAL | 4.8 % |
|---|
| CCO HOLDINGS LLC | 2.5% |
| FORD MOTOR CREDIT COMPANY LLC | 2.4% |
| TENET HEALTHCARE CORPORATION | 1.5% |
| CSC HOLDINGS, LLC | 1.1% |
| AMERICAN AIRLINES, INC. | 1.1% |
 |
UNITED STATES | 81.1 % |
 |
CANADA | 4.5 % |
 |
UNITED KINGDOM | 2.1 % |
 |
NETHERLANDS | 1.8 % |
 |
LUXEMBOURG | 1.5 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 1.5% | 10.2% | 3.2% | 3.4% | 4.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.04 | 64% |
| S&P500 | 0.44 | 72% |
| MSCI EAFE | 0.46 | 72% |
| MSCI Emg. Mkts. | 0.32 | 38% |
| Recent close | $76.38 |
| 30d moving avg. | $75.25 |
| Annualized volatility | 9.3% |
| Short interest (ETF) | 34.7% |
| Relative strength (RSI) | 73 |
| Avg. volume (thou.) | 41,087 |
| Avg. daily value traded (mns) | $3,138 |
| Turnover | 19.1% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYG | 4.3 yrs | Category Avg.* |
4.6 yrs |
| HYG | 4.1% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 11.09% | -15.5% | $64.52 |
| +200 bp | 10.09% | -9.7% | $69.00 |
| +150 bp | 9.59% | -7.0% | $71.04 |
| +100 bp | 9.09% | -4.5% | $72.95 |
| +75 bp | 8.84% | -3.3% | $73.86 |
| +50 bp | 8.59% | -2.2% | $74.73 |
| +25 bp | 8.34% | -1.1% | $75.57 |
| 0 bp | 8.09% | 0% | $76.38 |
| -25 bp | 7.84% | 1.0% | $77.15 |
| -50 bp | 7.59% | 2.0% | $77.90 |
| -75 bp | 7.34% | 2.9% | $78.60 |
| -100 bp | 7.09% | 3.8% | $79.28 |
| -150 bp | 6.59% | 5.4% | $80.53 |
| -200 bp | 6.09% | 6.9% | $81.65 |
| -300 bp | 5.09% | 9.3% | $83.50 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
809 | bp |
| Less: Annual "default factor" |
292 | bp |
| Less: Expense ratio | 49 | bp |
| Equals: ALTAR Score | 4.68 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The iShares iBoxx $ High Yield Corporate Bond ETF is classified as a Corporate fund. | |