iShares High Yield Corporate Bond ETF

The iShares iBoxx High Yield Corporate Bond ETF is a fixed income fund offered under BlackRock's iShares brand that focuses on corporate bonds rated below investment grade. According to the issuer, the fund tracks the iBoxx USD Liquid High Yield Index, made up of US dollar-denominated high-yield corporate bonds, and it trades on NYSE Arca under the ticker HYG.

High-yield bonds are issued by companies that credit rating agencies consider relatively risky, and they pay higher coupons to compensate for this risk. The index consists of the heavily traded, liquid bonds in this universe; issuers include companies from different sectors such as energy, telecoms, media, healthcare, automotive and consumer. The fund passes the coupon income from the bonds to investors through periodic distributions.

HYG's course depends on two main risks: credit spreads, which reflect the likelihood that companies cannot repay their debts, and the general level of interest rates. In periods of economic slowdown, default concerns can weigh on the fund's price. Under stressed market conditions, when liquidity in the bond market declines, the gap between the market price and net asset value (NAV) can widen. The HYG page on Lzzo.com shows the US dollar price, conversion into Turkish lira, euros and pounds sterling, a historical chart, technical indicators, and the data source along with the update time.