BBHY seeks to track the ICE BofA U.S. High Yield Total Return Index, to provide exposure to USD-denominated, high-yield corporate debt. The index selects and weights component securities using their market value. Securities must have at least 18 months to final maturity at the time of issuance to be eligible for inclusion. The index may invest in original issue zero coupon bonds, 144A securities, pay-in-kind securities, callable perpetual securities, fixed-to-floating, and even distressed securities. Prior to Feb. 1, 2023, this fund was actively managed, and was named JPMorgan High Yield Research Enhanced ETF, with a ticker of JPHY.