HYG - iShares High Yield Corporate Bond

The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE ARCA:HYG) tracks a rules-based index that comprises U.S. dollar-denominated, high-yield corporate bonds available in the U.S. market. This means the fund focuses on bonds issued by companies with lower credit ratings, offering higher yields to compensate for the increased credit risk.

The fund's investment strategy is designed to closely follow the underlying index. To achieve this, the fund will allocate at least 80% of its assets to the component securities of the index. Additionally, the fund will invest a minimum of 90% of its assets in fixed-income securities that are similar to those included in the index, as selected by the fund's advisor. This approach aims to provide investors with a diversified portfolio that mirrors the performance of the high-yield corporate bond market.

The iShares iBoxx $ High Yield Corporate Bond ETF is a U.S.-domiciled fund, and investors can access more information about the fund on the iShares website at http://www.ishares.com.