iShares US & Intl High Yield Corp Bond ETF

Frequently Asked Questions About GHYG

What does GHYG invest in?

iShares, Inc. - iShares US & Intl High Yield Corp Bond ETF is an exchange traded fund launched by BlackRock, Inc. It is co-managed by BlackRock Fund Advisors and BlackRock International Limited. The fund invests in fixed income markets of global developed region. It primarily invests directly and through derivatives in high yield corporate bonds denominated in U.S. dollar, Euro, British pound sterling and Canadian dollar that are rated as BB+ or below by S&P and Fitch and Ba1 or below by Moody's. The fund uses derivatives such as futures, swaps and options to create its portfolio. It seeks to track the performance of the Markit iBoxx Global Developed Markets High Yield Index, by using representative sampling technique. iShares, Inc. - iShares US & Intl High Yield Corp Bond ETF was formed on April 3, 2012 and is domiciled in the United States.

What is the expense ratio of GHYG?

iShares US & Intl High Yield Corp Bond ETF (GHYG) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is GHYG's dividend yield?

GHYG's trailing-twelve-month yield is 6.79%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GHYG?

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

What is the credit quality of GHYG?

GHYG'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.

What is the yield to maturity of GHYG?

Yield to maturity (YTM) is the total return you'd earn from GHYG if every bond in the portfolio is held to maturity at the current price. GHYG's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.