iShares BB Rated Corporate Bond ETF

Frequently Asked Questions About HYBB

What does HYBB invest in?

iShares Trust - iShares BB Rated Corporate Bond ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of global region. The fund invests in debt securities of companies operating in the industrials, utilities and financials sectors. The fund primarily invests in fixed-rate, US dollar denominated, high yield corporate bonds that are rated between BB+ and BB- by S&P and Fitch and Ba1 and Ba3 by Moody's and have maturities of one year or more. The fund seeks to track the performance of the ICE BofA US Broad Market Index and the ICE BofAML BB US High Yield Constrained Index, by using representative sampling technique. iShares Trust - iShares BB Rated Corporate Bond ETF was formed on October 06, 2020 and is domiciled in the United States.

What is the expense ratio of HYBB?

iShares BB Rated Corporate Bond ETF (HYBB) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is HYBB's dividend yield?

HYBB's trailing-twelve-month yield is 6.37%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HYBB?

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

What is the credit quality of HYBB?

HYBB'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 HYBB?

Yield to maturity (YTM) is the total return you'd earn from HYBB if every bond in the portfolio is held to maturity at the current price. HYBB'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.