iShares High Yield Corporate Bond (HYG)

The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE ARCA:HYG) tracks a specific set of high-yield corporate bonds, which are debt securities issued by companies with lower credit ratings. These bonds offer higher yields to compensate for the increased credit risk.

The ETF's underlying index is a rules-based index, meaning it follows a strict set of guidelines to select the bonds that make up the portfolio. This index consists of U.S. dollar-denominated high-yield corporate bonds that are publicly traded in the United States.

The fund's investment strategy is designed to closely track the performance of the underlying index. To achieve this, the fund will invest at least 80% of its assets in the same bonds that make up the index. Additionally, the fund will invest at least 90% of its assets in fixed-income securities that are similar to those in the index, as chosen by the fund's advisor.

By investing in the iShares iBoxx $ High Yield Corporate Bond ETF, you'll gain exposure to a diversified portfolio of high-yield corporate bonds, which can provide a regular income stream and the potential for capital appreciation.

The fund is managed by BlackRock, a leading global investment manager, and is listed on the NYSE Arca exchange under the ticker symbol HYG. For more information, you can visit the iShares website at http://www.ishares.com.

The fund is domiciled in the United States, which means it is subject to U.S. regulations and tax laws. This can impact the fund's performance and the taxes you may owe on any capital gains or income earned from your investment.