Morningstar

iShares Broad USD High Yield Corporate Bond ETF USHY

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

Morningstar’s Analysis USHY

Will USHY outperform in the 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 choices for high-yield bond exposure.

Senior Associate Analyst Brendan McCann

Brendan McCann

Senior Associate Analyst

Summary

IShares Broad USD High Yield Corporate Bond ETF captures the US high-yield bond market at an attractive price tag, but there are better options. Its straightforward approach doesn’t effectively manage lopsided risks or take advantage of mispriced bonds in the high-yield market.

by Brendan McCann
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Portfolio Holdings USHY

More USHY Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Cash Funds Treasury SL Agency

1.40 365M
Cash and Equivalents

1261229 Bc Ltd. 10%

0.53 137M
Corporate

EchoStar Corp. 10.75%

0.41 108M
Corporate

Meridian Arc Holdco LLC 6.25%

0.37 97M
Corporate

Prior Rno Property Owner 1 LLC 6.5%

0.31 81M
Corporate

Quikrete Holdings Inc 6.375%

0.28 73M
Corporate

Tibco Software Inc 6.5%

0.28 72M
Corporate

Cloud Software Group Inc. 9%

0.27 70M
Corporate

SV RNO Property Owner 1 LLC 5.875%

0.25 64M
Corporate

WULF Compute LLC 7.75%

0.25 64M
Corporate

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