About iShares BB Rated Corporate Bond ETF (HYBB)

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds with a credit rating of BB. This ETF provides investors with exposure to a diversified portfolio of below-investment-grade corporate bonds, offering the potential for enhanced yield and income.

With a focus on BB-rated bonds, HYBB targets issuers that are considered to have a less-than-prime credit quality, but still have adequate capacity to meet their financial commitments. These bonds often carry higher yields compared to investment-grade corporate bonds, as they are perceived to carry a higher risk of default. However, through proper diversification, investors may potentially mitigate some of this risk.