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iShares iBoxx High-Yield Corp Bond
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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 11, 2007 |
| Assets (mns) | $18,831 |
| 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 | 985 |
| No of distinct issuers | 435 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 91% |
| 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 | 2.0% |
| TENET HEALTHCARE CORPORATION | 1.7% |
| TEVA PHARMACEUTICAL FINANCE NETHER... | 1.4% |
| CSC HOLDINGS, LLC | 1.4% |
| VALEANT PHARMACEUTICALS INTERNATIO... | 1.2% |
 |
UNITED STATES | 81.4 % |
 |
CANADA | 4.4 % |
 |
NETHERLANDS | 2.9 % |
 |
LUXEMBOURG | 2.3 % |
 |
FRANCE | 1.0 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 14.1% | 14.1% | 5.0% | 6.2% | 5.4% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.18 | 1% |
| S&P500 | 0.30 | 66% |
| MSCI EAFE | 0.31 | 58% |
| MSCI Emg. Mkts. | 0.20 | 43% |
| Recent close | $88.43 |
| 30d moving avg. | $87.83 |
| Annualized volatility | 4.5% |
| Short interest (ETF) | 36.2% |
| Relative strength (RSI) | 77 |
| Avg. volume (thou.) | 17,891 |
| Avg. daily value traded (mns) | $1,582 |
| Turnover | 8.2% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYG | 4.6 yrs | Category Avg.* |
4.8 yrs |
| HYG | 4.5% | Category Avg.* |
4.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 8.45% | -11.0% | $78.66 |
| +200 bp | 7.45% | -7.9% | $81.45 |
| +150 bp | 6.95% | -6.1% | $83.02 |
| +100 bp | 6.45% | -4.2% | $84.71 |
| +75 bp | 6.20% | -3.2% | $85.60 |
| +50 bp | 5.95% | -2.2% | $86.51 |
| +25 bp | 5.70% | -1.1% | $87.46 |
| 0 bp | 5.45% | 0% | $88.43 |
| -25 bp | 5.20% | 1.1% | $89.43 |
| -50 bp | 4.95% | 2.3% | $90.46 |
| -75 bp | 4.70% | 3.5% | $91.52 |
| -100 bp | 4.45% | 4.7% | $92.61 |
| -150 bp | 3.95% | 7.3% | $94.88 |
| -200 bp | 3.45% | 10.0% | $97.26 |
| -300 bp | 2.45% | 15.8% | $102.38 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
545 | bp |
| Less: Annual "default factor" |
282 | bp |
| Less: Expense ratio | 49 | bp |
| Equals: ALTAR Score | 2.14 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.1% |
| Emerging Market | 3.4% |
| Government | 1.8% |
| Inflation Protected | 1.7% |
| Mortgage | 2.7% |
| Municipals | 2.2% |
| *Note: The iShares iBoxx High-Yield Corp Bond is classified as a Corporate fund. | |