iShares High Yield Active ETF

Frequently Asked Questions About BRHY

What does BRHY invest in?

This BlackRock exchange-traded fund is designed to achieve the highest possible aggregate returns. Its objective encompasses both capital appreciation and the consistent generation of current income, all while employing a disciplined and thoughtful approach to investment management.

What is the expense ratio of BRHY?

iShares High Yield Active ETF (BRHY) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is BRHY's distribution yield?

BRHY's trailing-twelve-month yield is 7.58%, calculated from the sum of distributions over the past year divided by the current price.

How does BRHY's covered-call strategy work?

BRHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of BRHY?

Effective duration measures BRHY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BRHY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BRHY?

BRHY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.