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iShares iBoxx $ High Yield Corporate Bond ETF
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- 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) | $27,082 |
| 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 | 1129 |
| No of distinct issuers | 473 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 93% |
| 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 | 2.3% |
| TENET HEALTHCARE CORPORATION | 1.6% |
| CENTENE CORPORATION | 1.6% |
| CSC HOLDINGS, LLC | 1.4% |
| TEVA PHARMACEUTICAL FINANCE NETHER... | 1.2% |
 |
UNITED STATES | 81.7 % |
 |
CANADA | 4.4 % |
 |
NETHERLANDS | 2.6 % |
 |
LUXEMBOURG | 1.2 % |
 |
FRANCE | 0.9 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -5.1% | -1.5% | 3.6% | 5.6% | 4.8% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.39 | 2% |
| S&P500 | 0.41 | 71% |
| MSCI EAFE | 0.44 | 72% |
| MSCI Emg. Mkts. | 0.32 | 61% |
| Recent close | $82.04 |
| 30d moving avg. | $82.74 |
| Annualized volatility | 8.1% |
| Short interest (ETF) | 20.7% |
| Relative strength (RSI) | 49 |
| Avg. volume (thou.) | 34,967 |
| Avg. daily value traded (mns) | $2,869 |
| Turnover | 10.5% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYG | 4.6 yrs | Category Avg.* |
5.1 yrs |
| HYG | 4.5% | Category Avg.* |
5.0% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.33% | -12.2% | $72.01 |
| +200 bp | 8.33% | -8.4% | $75.12 |
| +150 bp | 7.83% | -6.4% | $76.76 |
| +100 bp | 7.33% | -4.4% | $78.46 |
| +75 bp | 7.08% | -3.3% | $79.33 |
| +50 bp | 6.83% | -2.2% | $80.22 |
| +25 bp | 6.58% | -1.1% | $81.12 |
| 0 bp | 6.33% | 0% | $82.04 |
| -25 bp | 6.08% | 1.1% | $82.97 |
| -50 bp | 5.83% | 2.3% | $83.92 |
| -75 bp | 5.58% | 3.5% | $84.88 |
| -100 bp | 5.33% | 4.7% | $85.86 |
| -150 bp | 4.83% | 7.1% | $87.86 |
| -200 bp | 4.33% | 9.6% | $89.92 |
| -300 bp | 3.33% | 14.8% | $94.21 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
633 | bp |
| Less: Annual "default factor" |
289 | bp |
| Less: Expense ratio | 49 | bp |
| Equals: ALTAR Score | 2.95 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.1% |
| Corporate | 1.8% |
| Emerging Market | 3.9% |
| Government | 0.5% |
| Inflation Protected | 1.0% |
| Mortgage | 2.5% |
| Municipals | 2.1% |
| *Note: The iShares iBoxx $ High Yield Corporate Bond ETF is classified as a Corporate fund. | |