iShares Broad USD High Yield Corporate Bond ETF

Frequently Asked Questions About USHY

What does USHY invest in?

This fund aims to replicate the financial performance of an underlying index. This benchmark is composed of corporate debt instruments that offer high yields and are denominated in U.S. dollars.

What is the expense ratio of USHY?

iShares Broad USD High Yield Corporate Bond ETF (USHY) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

What is USHY's distribution yield?

USHY's trailing-twelve-month yield is 7.49%, calculated from the sum of distributions over the past year divided by the current price.

How does USHY's covered-call strategy work?

USHY 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 USHY?

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

What is the credit quality of USHY?

USHY'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.