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iShares Broad USD High Yield Corp Bd ETF USHY

Morningstar Medalist Rating
Medalist Rating as of | See iShares Investment Hub

Morningstar’s Analysis USHY

Will USHY outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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.

People Pillar

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.

Parent Pillar

The Parent Pillar is our rating of USHY’s parent organization’s priorities and whether they’re in line with investors’ interests.

Simple and broad, but there are better options for high-yield bonds.

Analyst Lan Anh Tran

Lan Anh Tran

Analyst

Summary

IShares Broad USD High Yield Corporate Bond ETF captures the majority of the U.S. high-yield bond market at an attractive price tag, but there are better options. Its straightforward indexing approach loses some efficacy here given the highly asymmetrical risk profile and inefficient pricings of junk bonds.

by Lan Anh Tran
Rated on Published on

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Portfolio Holdings USHY

More USHY Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 1844
  • Other Holdings 7
  • % Assets in Top 10 Holdings 2.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

USD CASH

0.41
43,678,789
Cash and Equivalents

TransDigm, Inc. 6.25%

0.35
37,708,575
Corporate

Mozart Debt Merger Subordinated Inc. 3.875%

0.33
35,008,647
Corporate

Tibco Software Inc 6.5%

0.31
32,936,038
Corporate

Cloud Software Group Inc. 9%

0.29
31,222,263
Corporate

DISH Network Corporation 11.75%

0.29
30,799,857
Corporate

Directv Financing LLC/Directv Financing Co-Obligor Inc. 5.875%

0.28
30,060,516
Corporate

BlackRock Cash Funds Treasury SL Agency

0.26
27,940,000
Cash and Equivalents

Venture Global LNG Inc. 9.5%

0.26
27,562,150
Corporate

Caesars Entertainment Inc New 6.25%

0.25
27,125,773
Corporate