HYG

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) invests primarily in U.S. dollar‑denominated, non‑investment‑grade corporate bonds issued by companies across a broad range of industries. It seeks to track the performance of the Markit iBoxx USD Liquid High Yield Index, using a representative sampling approach to hold a diversified portfolio of high‑yield securities while maintaining liquidity and low tracking error. The fund’s strategy emphasizes exposure to higher‑yielding credit while managing duration and credit risk through broad sector diversification and regular rebalancing. HYG may be suitable for income‑focused investors who are comfortable with elevated credit risk and who want to add high‑yield bond exposure to a diversified fixed‑income or balanced portfolio.