ETF Spotlight on iShares iBoxx $ HY Corp Bond Fund (NYSEArca: HYG), part of an ongoing series.
Assets: $14.2 billion.
Objective: The iShares iBoxx & High Yield Corporate Bond Fund tries to reflect the performance of the iBoxx $ Liquid High Yield Index, which is comprised of liquid U.S. dollar-denominated, high-yield corporate bonds.
Holdings: The fund holds high-yield corporate bonds with non-investment grade, speculative or junk ratings.