Key stats
About iShares Yield Optimized Bond ETF
Expense ratio
0.19%
Home page
Inception date
Apr 22, 2014
ISIN
US46434V7872
BYLD is a fund-of-funds that uses iShares' existing bond ETFs as building blocks, optimized for yield, and limiting risks. Using a proprietary methodology, the fund selects funds that are perceived to have consistently demonstrated high risk-adjusted income. The fund is passively managed and allocates to five US broad fixed-income sectors: government and government-related (10-50%), securitized (10-50%), investment-grade credit (10-50%), high-yield credit (0-20%), and emerging market debt (0-10%). Each sector has its own return and risk profile that, when combined, equals to 100%. Securities are weighted according to Morningstars variant of the mean-variance optimization equation, which is based on the return, standard deviation, correlation, and yield of the securities. The Underlying Index is rebalanced and reconstituted quarterly.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.89%
Cash0.11%