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Snapshot: HYG

ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND

90.40down-0.01 (-0.01%)

 as of 4:00:00pm ET 03/26/2015
Bid/Size 0.00/0
Ask/Size 92.79/0
Open 90.51
High 90.53
Low 90.2301
Previous Close
AS OF 03/26/2015
90.40
Price Performance (Last 52 Wk)
as of 03/26/2015
-4.06%
Volume 0
Volume (90-Day Average) 7,291,754
Indicative Intraday Value Log in
NAV (Previous Day)
AS OF 03/26/2015
90.35
Bid/Ask Midpoint (Previous Day)
AS OF 03/26/2015
90.46
Bid/Ask Spread (1 Month Average)
as of 02/27/2015
0.01%
Premium / Discount (Bid/Ask Previous Day)
as of 03/26/2015
-0.12
Premium / Discount (1 Month Rolling Average)
as of 03/25/2015
0.14%
Tracking Error 0.37
Options Yes
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ETP Type

ETF

Asset Class

Fixed Income

Geography Objective

Global

Debt Type Objective

Corporate Debt

Credit Grade Objective

High Yield

Maturity Objective

Various Maturities

Coupon Type
Objective

Fixed

Net Assets
AS OF 02/28/2015

$18.0B

Net Expense Ratio

0.50%

Sponsor

BlackRock, Inc. / iShares

Inception Date

04/04/2007

Investment Philosophy

Passively Managed

Benchmark Index

Markit iBoxx USD Liquid High Yield Index

Index Composition

Cap-Weighted

Legal Structure

Open-End Investment Company

Basket Total Holdings

1020

Objective

The investment seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The fund seeks to track the investment results of the Markit iBoxx® USD Liquid High Yield Index (the "underlying index"), which is a rules-based index consisting of liquid U.S. dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. It generally invests at least 90% of its assets in the securities of the underlying index and in investments that provide substantially similar exposure to the securities in the underlying index.

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News, Commentary & Events

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  • Show article details.

    The New Odd Couple: Wall St. and Main St.

    MarketWatch - 03/26/2015
    "Have you now, or have you ever, worked on Wall Street?" That might well be the question posed in the form of an indictment by the latter-day McCarthyites who find it convenient to paint all who earn their living in finance as Gordon Gekkos. Not that there aren't rapacious and vicious bastards in the financial markets who would stab their grandmothers to gain an advantage.
  • Show article details.

    U.S.-based taxable bond funds attract $7.7 bln inflows-Lipper

    Reuters - 02/12/2015
    By Sam Forgione NEW YORK, Feb 12 (Reuters) - Investors in U.S.-based funds poured $7.7 billion into taxable bond funds in the week ended Feb. 11, with investors favoring higher-risk debt after a strong U.S. jobs report, data from Thomson Reuters' Lipper service showed on Thursday. The inflows marked the funds' sixth straight week of net positive demand. Riskier high-yield bond funds attracted $2.9 billion, with the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) attracting $924 million - its biggest inflows since Lipper began tracking the exchange-traded fund in 2007. Stock funds attracted $4.3 billion in inflows, with all of the new cash flowing into stock ETFs, which are thought to reflect the behavior of the institutional investor. Stock mutual funds, however, which are commonly purchased by retail investors, posted $216 million in outflows. The inflows into higher-yielding bond funds and stock funds showed heightened risk appetite after a stronger-than-expected U.S. payrolls report for January. Bond investors were reassured, even as the report suggested a greater likelihood of a Federal Reserve rate hike by mid-year. "There's definitely a little more risk-taking," said Jeff Tjornehoj, head of Americas research at Lipper. "Investors still regard a rate hike as speculative, and they're not threatened by that so much as they are made more enthusiastic by this jobs report." Funds that specialize in safe-haven U.S. Treasuries posted $126 million in outflows, marking their first weekly net withdrawal in five weeks. That followed $5.2 billion in inflows the prior week, which were their biggest in a year. Safer investment-grade corporate bond funds attracted cash, albeit less than high-yield funds, at $2.3 billion. European stock funds attracted $339 million in new cash, marking their third straight week of inflows despite fears of a Greek exit from the euro zone. Lipper's Tjornehoj also said meetings between euro zone finance ministers during the period boosted hopes for Greece's status in the euro zone. Funds that specialize in energy stocks posted $667 million in outflows, their biggest since last October. Oil prices ended a three-day rally over the period. "Anyone getting into energy is taking on Vegas odds right now - they're gambling," Tjornehoj said. Low-risk money market funds attracted $2.8 billion, their first inflows in six weeks. The weekly Lipper fund flow data is compiled from reports issued by U.S.-domiciled mutual funds and exchange-traded funds. The following is a broad breakdown of the flows for the week, including exchange-traded funds (in $ billions): Sector Flow Change Assets Assets Count (%) All Equity Funds 4.297 0.08 5,117.682 11,449 Domestic Equities 2.743 0.07 3,732.789 8,239 Non-Domestic 1.554 0.11 1,384.893 3,210 Equities All Taxable Bond 7.676 0.33 2,309.938 5,964 Funds All Money Market 2.828 0.12 2,378.096 1,275 Funds All Municipal Bond 0.460 0.13 345.530 1,465 Funds (Reporting by Sam Forgione; editing by Diane Craft and G Crosse)

Analyst Opinions

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
Ned Davis Research Group 12/22/2014 UPGRADE Log in for rating & report
XTF Inc. 01/30/2015 Downgrade 7.80000 out of 10 XTF Inc. PDF Report
Morningstar, Inc.** 02/28/2014 Upgrade 3 out of 53 out of 53 out of 53 out of 53 out of 5
Overall - 6 High Yield Bond funds rated
Morningstar, Inc. PDF Report
More Analyst Opinions

Key Statistics

Weighted Average Duration (Yrs)
AS OF 03/25/2015
3.69
Weighted Average Maturity (Yrs)
AS OF 03/25/2015
--
Weighted Average Coupon
AS OF 03/25/2015
6.55%
30-day SEC Yield
AS OF 03/25/2015
5.05%
Distribution Yield (TTM)
AS OF 03/25/2015
5.46%
See all Key Stats

Compare

HYG
ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND
Asset Class Median
Volume (10-Day Avg)
AS OF 03/25/2015
7.6M 17.9M
1 Week Market Total Return
AS OF 03/25/2015
-0.05% +0.06%
1 Month Market Total Return
AS OF 03/25/2015
-1.17% +0.04%
1 Year Market Total Return
AS OF 03/25/2015
+1.21% +1.71%
3 Year Annualized Market Total Return
AS OF 03/25/2015
+6.15% +2.31%
Beta (1 Year Month-End)
AS OF 02/28/2015
0.56 0.52
Annual Turnover Ratio
AS OF 02/28/2014
11.00% 26.00%
Net Expense Ratio
AS OF 07/01/2014
0.50% 0.30%
Compare to Other ETFs

Performance

Growth of Hypothetical $10,000 * AS OF 02/28/2015

Cumulative Total Returns AS OF 03/25/2015
NAV Return Market Return S&P 500 Index
YTD +1.95% +1.75% +0.58%
4 Weeks -0.70% -1.17% -2.36%
13 Weeks +2.01% +1.01% -0.51%
26 Weeks +1.18% +1.27% +5.91%
Quarter-End Average Annual Total Returns AS OF 12/31/2014
NAV Return Market Return
1 Year +2.00% +1.90%
3 Year +7.13% +6.36%
5 Year +7.85% +7.53%
10 Year -- --
Life +6.04% +5.81%
Life as of inception date: 04/04/2007       Gross Expense Ratio: 0.50%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Top 10 Basket Holdings AS OF 03/25/2015

View all Basket Holdings
CASH Cash† 0.75%
S 7.875 09/15/23 SPRINT CORP 0.50%
NUME 6.000 05/15/22 '17 0.44%
S 9.000 11/15/18 S 9.000 11/15/18 0.40%
PACKH 5.750 10/15/20 '15 REYNOLDS GRP ISS/REYNOLD 0.40%
FCHA 8.250 06/15/21 '16 FCHA 8.250 06/15/21 '16 0.40%
NWOMH 12.625 01/15/21 '16 NWOMH 12.625 01/15/21 '16 0.39%
HCA 6.500 02/15/20 HCA 6.500 02/15/20 0.38%
HEIHI 4.250 10/15/20 '15 H.J. HEINZ COMPANY 0.37%
FCHA 8.000 06/15/19 '15 FCHA 8.000 06/15/19 '15 0.37%
†Part or all of this cash position may represent cash-in-lieu of marketable securities and not actual cash.Click here for more information.

Credit Grade/ Maturity   More information  AS OF 03/25/2015

AAA -- Short Term 8.76%
Investment Grade 0.02% Intermediate Term 88.90%
High Yield 98.96% Long Term 1.05%
More about Portfolio Composition
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. Fidelity accounts may require minimum balances. The sale of ETFs is subject to an activity assessment fee (of between $0.01 to $0.03 per $1,000 of principal). iShares ETFs and Fidelity ETFs are subject to a short-term trading fee by Fidelity if held less than 30 days. *The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

**The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Top basket holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive, long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Additional information about the sources, amounts, and terms of compensation is described in the ETFs prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

© 2010 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.