IShares Broad USD High Yield Corporate Bond ETF USHY is a decent high-yield bond fund because it provides a broadly diversified portfolio for a rock-bottom fee. While there may be opportunities for actively managed strategies to find and exploit mispricing, the fund’s cost advantage and inclusion of less liquid bonds that many of its index peers avoid should help it offer strong category-relative performance over the long term. It earns a Morningstar Analyst Rating of Bronze.
Will USHY outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable USHY’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the USHY management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of USHY’s parent organization’s priorities and whether they’re in line with investors’ interests.