iShares Broad USD High Yield Corporate Bond ETF
iShares Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
iShares Broad USD High Yield Corporate Bond ETF is a U.S. bond index ETF that tracks the ICE BofA US High Yield Constrained Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q1
The iShares Broad USD High Yield Corporate Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds.
The fund tracks the ICE BofA US High Yield Constrained Index using representative sampling, holding a sample of high-yield corporate bonds issued by companies domiciled in FX-G10 countries with at least $250 million outstanding and one year to maturity. Because the fund samples rather than holds all index constituents, its returns may diverge from the index. The fund concentrates its holdings in industries to the same extent as the index, which as of October 2025 has significant exposure to industrials.
| Share class | Expense ratio |
|---|---|
| USHY | 0.08% |
Portfolio turnover 18.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 96.91% |
| Cash & short-term | 13.66% |
| Loans | 0.15% |
| Stocks | 0.00% |
These positions come to 110.73% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 43.8% |
| International | 14.0% |
| Cash | 12.3% |
| Consumer Discretionary | 5.0% |
| 10 smaller | 24.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: SV RNO PROPERTY OWNER 1, NEXSTAR MEDIA INC, APLD COMPUTECO 2 LLC, The MICHAELS COS INC, OAK-EAGLE ACQUIRECO INC ×2, BLACK PEARL COMPUTE LLC, MERIDIAN ARC HOLDCO LLC
Largest exited: MEDLINE BORROWER LP, RAKUTEN GROUP INC, NEXSTAR MEDIA INC, LIGHTNING POWER LLC, VISTRA OPERATIONS CO LLC, SBA COMMUNICATIONS CORP, FRONTIER COMMUNICATIONS, MEDLINE BORROWER/MEDL CO
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.7% |
| Floating rate | 0.2% |
| Zero-coupon or unclassified | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.5% |
| 1-3y | 22.2% |
| 3-5y | 37.4% |
| 5-10y | 35.8% |
| 10y+ | 4.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 64% |
| Interest rates | 36% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.97 yr |
| Investment grade | +0.01 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.03 yr | 2% |
| 1 yr | 0.30 yr | 18% |
| 5 yr | 1.23 yr | 73% |
| 10 yr | 0.11 yr | 6% |
| 30 yr | 0.02 yr | 1% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.34 yr | 12% |
| 5 yr | 2.38 yr | 80% |
| 10 yr | 0.18 yr | 6% |
| 30 yr | 0.07 yr | 2% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.03 | +0.00 | +0.01 | $150 | $33.9k |
| 1 yr | +0.30 | +0.00 | +0.34 | $0 | $903.0k |
| 5 yr | +1.23 | +0.01 | +2.36 | $34.6k | $6.20m |
| 10 yr | +0.11 | +0.00 | +0.18 | $0 | $477.9k |
| 30 yr | +0.02 | +0.00 | +0.07 | $0 | $173.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | BlackRock Funds III | 12.12% | $3.18B | — |
| — | BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | 1.54% | $404.75M | — |
| — | 1261229 BC LTD10.00% · due 2032-04-15 | 0.47% | $123.25M | — |
| — | ECHOSTAR CORP10.75% · due 2029-11-30 | 0.41% | $108.27M | — |
| — | QUIKRETE HOLDINGS INC6.38% · due 2032-03-01 | 0.28% | $73.43M | — |
| — | SV RNO PROPERTY OWNER 15.88% · due 2031-03-01 | 0.27% | $71.66M | — |
| — | CLOUD SOFTWARE GRP INC6.50% · due 2029-03-31 | 0.26% | $67.84M | — |
| — | WULF COMPUTE LLC7.75% · due 2030-10-15 | 0.25% | $66.68M | — |
| — | ASURION LLC/ASURION CO8.00% · due 2032-12-31 | 0.25% | $66.45M | — |
| — | HUB INTERNATIONAL LTD7.25% · due 2030-06-15 | 0.25% | $66.10M | — |
Top 10 positions are 16.12% of net assets, top 25 19.21%, across 925 issuers.
See more of this fund's book
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