About iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is a popular exchange-traded fund that tracks the performance of high-yield corporate bonds. It is designed to provide investors with exposure to a diversified portfolio of U.S. dollar-denominated, high-yield corporate bonds. The ETF seeks to replicate the performance of the iBoxx USD Liquid High Yield Index, which represents the performance of the high-yield corporate bond market.

With a long history dating back to its inception in 2007, HYG has become one of the largest and most widely traded high-yield bond ETFs. Its primary objective is to provide investors with income by investing in high-yield bonds issued by companies with below-investment-grade credit ratings. These bonds typically offer higher yields than investment-grade bonds to compensate investors for the increased risk associated with lower credit quality.