iShares High Yield Systematic Bond ETFiShares High Yield Systematic Bond ETFiShares High Yield Systematic Bond ETF

iShares High Yield Systematic Bond ETF

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Key stats


Assets under management (AUM)
‪1.16 B‬USD
Fund flows (1Y)
‪839.02 M‬USD
Dividend yield (indicated)
6.87%
Discount/Premium to NAV
0.1%

About iShares High Yield Systematic Bond ETF


Issuer
Blackrock Finance, Inc.
Brand
iShares
Expense ratio
0.35%
Home page
Inception date
Jul 11, 2017
Index tracked
BlackRock High Yield Systematic Bond Index
Management style
Passive
HYDB aims to deliver enhanced protection against systemic credit deterioration by screening out issuers with high probability of default (PD). Using default-probability analytics and other inputs, the fund employs an alternative credit-risk evaluation model. Starting with a universe of high-yield corporate bonds with at least 12 months to maturity, the fund screens bonds for credit quality based on default probability. Securities are assigned a customized credit rating based on seniority and credit rating. Securities are then equally divided into 10 customized credit rating subgroups, with each subgroup ranked based on their default probability. The fund removes securities without PD or insufficient market data. The fund uses an optimizer to increase the weight of bonds with higher default-adjusted spreads. The fund is rebalanced quarterly. Prior to Jan. 26, 2024, the fund was called iShares High Yield Bond Factor ETF that tracked the BlackRock High Yield Defensive Bond Index.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Multi-factor
Weighting scheme
Market value
Selection criteria
Multi-factor
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Mutual fund
Bonds, Cash & Other100.00%
Corporate85.40%
Mutual fund14.14%
Cash0.45%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.