HYDB 📈 iShares Edge High Yield - Overview

The iShares Edge High Yield Defensive Bond ETF (HYDB) is an exchange-traded fund that aims to provide investors with exposure to high-yield bonds while maintaining a defensive posture. To achieve this, the fund will allocate at least 80% of its assets to the component securities of its underlying index, which is designed to track the performance of high-yield bonds with lower credit risk.

The fund's investment strategy involves selecting fixed-income securities that are likely to help it track the underlying index. In this regard, the fund's manager, BlackRock Fund Advisors (BFA), will invest at least 90% of the fund's assets in a diversified portfolio of high-yield bonds that meet the index's eligibility criteria. This approach is intended to provide investors with a cost-effective way to access the high-yield bond market while minimizing exposure to excessive credit risk.

By focusing on defensive high-yield bonds, the fund seeks to offer investors a more stable source of income and potentially lower volatility compared to traditional high-yield bond funds. This makes it an attractive option for investors seeking to generate income while managing their exposure to credit risk.

For more information about the iShares Edge High Yield Defensive Bond ETF, please visit the BlackRock website.

The fund is domiciled in the United States and is listed on the BATS exchange under the ticker symbol HYDB.