Key stats
About iShares High Yield Systematic Bond ETF
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Inception date
Jul 11, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ISIN
US46435G2509
HYDB aims to deliver enhanced protection against systemic credit deterioration by screening out issuers with high probability of default (PD). Using default-probability analytics and other inputs, the fund employs an alternative credit-risk evaluation model. Starting with a universe of high-yield corporate bonds with at least 12 months to maturity, the fund screens bonds for credit quality based on default probability. Securities are assigned a customized credit rating based on seniority and credit rating. Securities are then equally divided into 10 customized credit rating subgroups, with each subgroup ranked based on their default probability. The fund removes securities without PD or insufficient market data. The fund uses an optimizer to increase the weight of bonds with higher default-adjusted spreads. The fund is rebalanced quarterly. Prior to Jan. 26, 2024, the fund was called iShares High Yield Bond Factor ETF that tracked the BlackRock High Yield Defensive Bond Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.20%
Cash1.80%
Stock breakdown by region
North America88.46%
Europe8.71%
Oceania1.45%
Asia1.38%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYDB last dividends amounted to 0.28 USD. The month before, the issuer paid 0.28 USD in dividends, which shows a 0.44% decrease.
HYDB assets under management is 1.61 B USD. It's risen 5.33% over the last month.
HYDB fund flows account for 962.48 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HYDB pays dividends to its holders with the dividend yield of 6.95%. The last dividend (Sep 5, 2025) amounted to 0.28 USD. The dividends are paid monthly.
HYDB shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jul 11, 2017, and its management style is Passive.
HYDB expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
HYDB follows the BlackRock High Yield Systematic Bond Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYDB invests in bonds.
HYDB price has risen by 0.83% over the last month, and its yearly performance shows a 0.22% increase. See more dynamics on HYDB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.44% over the last month, showed a 3.76% increase in three-month performance and has increased by 7.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.44% over the last month, showed a 3.76% increase in three-month performance and has increased by 7.84% in a year.
HYDB trades at a premium (0.28%) meaning the ETF is trading at a higher price than the calculated NAV.