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Snapshot: HYG

ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND

86.05up0.12 (0.14%)

 as of 4:00:00pm ET 09/03/2015
Bid/Size 84.43/6
Ask/Size 86.51/1
Open 86.00
High 86.23
Low 85.86
Previous Close
AS OF 09/03/2015
86.05
Price Performance (Last 52 Wk)
as of 09/03/2015
-8.14%
Volume 0
Volume (90-Day Average) 7,212,597
Indicative Intraday Value Log in
NAV (Previous Day)
AS OF 09/03/2015
85.72
Bid/Ask Midpoint (Previous Day)
AS OF 09/03/2015
86.05
Bid/Ask Spread (1 Month Average)
as of 07/31/2015
0.01%
Premium / Discount (Bid/Ask Previous Day)
as of 09/03/2015
-0.38
Premium / Discount (1 Month Rolling Average)
as of 09/02/2015
0.26%
Tracking Error 0.28
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 08/31/2015

$12.9B

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

Objective

The investment seeks to track the investment results of the Markit iBoxx® USD Liquid High Yield Index (the "underlying index"). The underlying index 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. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index.

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News, Commentary & Events

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News

  • Show article details.

    High-yield, investment-grade funds post third week of outflows -Lipper

    Reuters - 08/13/2015
    By Sam Forgione NEW YORK, Aug 13 (Reuters) - U.S-based high-yield bond funds reported $1.2 billion in outflows, while U.S.-based investment-grade corporate bond funds posted their biggest cash withdrawals since June 2013, at $1.8 billion, data from Thomson Reuters' Lipper service showed on Thursday. The latest figures, for the week ended Aug. 12, mark the third straight week of outflows for the two fund categories, Lipper said. "The flows data indicated investors were running away from high yield in both mutual funds and ETFs," said Pat Keon, research analyst at Lipper. Keon said the iShares iBoxx $ High Yield Corporate Bond ETF, which suffered outflows of $524 million, and the SPDR Barclays High Yield Bond ETF (JNK), with withdrawals of $305 million, saw the most money leave among exchange-traded funds. Investors turned to low-risk, U.S.-based money market funds, which attracted $6 billion to mark their second straight week of inflows. Additionally, funds that specialize in U.S. Treasuries attracted $601 million in inflows, Lipper said. U.S.-based domestic-focused stock funds reported $1.5 billion of outflows, for a fourth straight week of outflows, while U.S.-based non-domestic-focused stock funds attracted $2.4 billion, their fourth straight week of inflows. "Despite the turmoil in China, equities continued the trend we've seen for most of 2015 for mutual funds, non-domestic equity funds took in net new money for the week, while domestic equity funds saw money leave their coffers," Keon said. For their part, U.S.-based stock funds posted $936 million of inflows in week ended Wednesday, their first inflows in five weeks, Lipper said. The following is a broad breakdown of the flows for the week, including exchange-traded funds (in $ billions): Sector Flow Chg % Assets Count ($Bil) Assets ($Bil) All Equity Funds 0.936 0.02 5,296.845 11,818 Domestic Equities -1.491 -0.04 3,804.987 8,502 Non-Domestic 2.427 0.16 1,491.858 3,316 Equities All Taxable Bond -2.043 -0.09 2,320.491 6,123 Funds All Money Market 6.016 0.26 2,338.127 1,227 Funds All Municipal Bond 0.011 0.00 345.812 1,496 Funds (Reporting by Sam Forgione; Editing by Jonathan Oatis, Jennifer Ablan and Steve Orlofsky)
  • Show article details.

    U.S.-based junk bond funds see $2.6 bln in weekly outflows

    Reuters - 06/11/2015
    By Jennifer Ablan and David Gaffen NEW YORK, June 11 (Reuters) - Investors in U.S.-based funds yanked $2.6 billion from high-yield "junk" portfolios in the week ended June 10, the most in five weeks, data from Thomson Reuters' Lipper service showed on Thursday. The cash withdrawals stemmed from exchange-traded-fund investors pulling capital from the iShares iBoxx $ High Yield Corporate Bond Fund, $1.06 billion, and the SPDR Barclays High Yield Bond ETF, $762 million, said Jeff Tjornehoj, head of Americas research at Lipper. "High-yield spreads backed up 20 basis points this week, erasing the April-May rally and that spooked investors," Tjornehoj said. After their worst two-week performance since March, taxable bond mutual funds saw outflows of $653 million, just the second week investors have pulled money from them this year, Tjornehoj added. Investors in U.S.-based funds pulled another $88 million from international and global debt funds in the week ended June 10, after cash withdrawals of $257 million in the week ended June 3, their second-biggest outflow this year, Lipper said. Prices on German Bunds have been falling and their yields rising since hitting a low on 10-year Bund yields of 0.049 percent on April 17. Thursday, 10-year German Bund yields were trading around 0.89 percent. Including ETF activity, equity funds reported net cash inflows totaling $2.8 billion in the week ended June 10, with domestic funds reporting net outflows of $62 million and non-domestic funds reporting net inflows of $2.861 billion, Lipper said. Excluding ETF activity, equity funds reported net cash inflows totaling $850 million with domestic funds reporting net outflows of $805 million and non-domestic funds reporting net inflows totaling $1.655 billion, Lipper added. The following is a broad breakdown of the flows for the week, including exchange-traded funds (in $ billions): Sector Flow Chg % Assets ($Bil) Count ($Bil) Assets All Equity Funds 2.800 0.05 5,421.941 11,709 Domestic Equities -0.062 -0.00 3,874.887 8,410 Non-Domestic 2.861 0.18 1,547.053 3,299 Equities All Taxable Bond -2.643 -0.11 2,341.925 6,061 Funds All Money Market -7.230 -0.32 2,282.935 1,276 Funds All Municipal -0.412 -0.12 344.979 1,491 Bond Funds (Reporting By Jennifer Ablan and David Gaffen; Editing by Tom Brown)

Commentary

Analyst Opinions

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
ETF.com 09/02/2015 -- B Details ETF.com PDF Report
Ned Davis Research Group 08/31/2015 UPGRADE Log in for rating & report
XTF Inc. 07/31/2015 Downgrade 6.50000 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 - 13 High Yield Bond funds rated
Details
Morningstar, Inc. PDF Report
More Analyst Opinions

Key Statistics

Weighted Average Duration (Yrs)
AS OF 09/02/2015
3.97
Weighted Average Maturity (Yrs)
AS OF 09/02/2015
--
Weighted Average Coupon
AS OF 09/02/2015
6.44%
30-day SEC Yield
AS OF 09/02/2015
6.24%
Distribution Yield (TTM)
AS OF 08/31/2015
5.57%
See all Key Stats

Compare

HYG
ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND
Asset Class Median
Volume (10-Day Avg)
AS OF 09/02/2015
11.0M 24.3M
1 Week Market Total Return
AS OF 09/02/2015
+0.79% +0.06%
1 Month Market Total Return
AS OF 09/02/2015
-1.44% -0.36%
1 Year Market Total Return
AS OF 09/02/2015
-3.56% +0.08%
3 Year Annualized Market Total Return
AS OF 09/02/2015
+3.60% +1.10%
Beta (1 Year Month-End)
AS OF 07/31/2015
0.47 0.40
Annual Turnover Ratio
AS OF 02/28/2015
11.00% 26.00%
Net Expense Ratio
AS OF 07/01/2015
0.50% 0.30%
Compare to Other ETFs

Performance

Growth of Hypothetical $10,000 * AS OF 08/31/2015

Cumulative Total Returns AS OF 09/03/2015
NAV Return Market Return S&P 500 Index
YTD -0.72% -0.53% -4.01%
4 Weeks -1.50% -1.11% -7.12%
13 Weeks -3.51% -3.09% -7.13%
26 Weeks -3.51% -3.09% -6.99%
Quarter-End Average Annual Total Returns AS OF 06/30/2015
NAV Return Market Return
1 Year -1.58% -1.67%
3 Year +5.50% +5.05%
5 Year +7.62% +7.73%
10 Year -- --
Life +5.84% +5.61%
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

Total Basket Holdings AS OF 09/02/2015

1015 (Long: 1014 | Short: 0)
View All
Top 10 (4.73% of total holdings)
CASH Cash† 0.82%
NUME 6.000 05/15/22 '17 NUMERICABLE SFR SA 0.50%
S 7.875 09/15/23 SPRINT CORP 0.50%
HCA 6.500 02/15/20 HCA INC 0.43%
PACKH 5.750 10/15/20 '15 REYNOLDS GROUP ISSUER LLC 0.42%
S 9.000 11/15/18 SPRINT COMMUNICATIONS INC 0.42%
NWOMH 12.625 01/15/21 '16 FIRST DATA CORP 0.42%
VRX 6.125 04/15/25 '20 VRX ESCROW CORP 0.41%
VRX 5.875 05/15/23 '18 VRX ESCROW CORP 0.41%
FCHA 8.250 06/15/21 '16 FCA US LLC 0.40%
†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 09/02/2015

Independent third parties provide portfolio composition analytics to standardize calculations for consistent comparison. However, these calculations and the resulting credit quality analytics may differ from the ETF managers' methodology, which you can learn about in the Prospectus & Reports.

AAA -- Short Term 10.45%
Investment Grade 0.01% Intermediate Term 87.11%
High Yield 95.83% Long Term 1.06%
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.

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