iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY): 7.93% SEC Yield at an 0.08% Expense Ratio

Sonal Goyal

27 October 2026 05:28 PM AEDT

iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY): 7.93% SEC Yield at an 0.08% Expense Ratio

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Key Highlights

iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY) had net assets of about $25.91 billion and a NAV of $35.60 as of Oct 26, 2026.
The fund tracks the ICE BofA US High Yield Constrained Index with an expense ratio of 0.08%.
Its 30-day SEC yield was 7.93%, with monthly distributions.

The iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY) tracks U.S. dollar-denominated high yield corporate bonds. As of Oct 26, 2026, net assets were about $25.91 billion and NAV was $35.60 per share.

Index and Investment Approach

The fund follows the ICE BofA US High Yield Constrained Index and has traded since Oct 25, 2017. Its 0.08% expense ratio compares with 0.49% for the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), a related fund listed among its peers.

Portfolio Composition

The largest holding was a BlackRock cash fund at 1.18%, then 1261229 BC Ltd 144A (0.49%), EchoStar Corp (0.41%), Meridian Arc Holdco LLC 144A (0.36%) and PR RNO Property Owner 1 LLC 144A (0.31%). The portfolio reported an option adjusted spread of 313.12 bps.

Credit Risk Disclosure

iShares notes that non-investment-grade debt may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities.

Yield and Distributions

The fund reported a 30-day SEC yield of 7.93% as of Oct 23, 2026 and a 12-month trailing yield of 7.19%. Distributions are paid monthly. The most recent distribution was $0.220036 per share, with an ex-date of Oct 1, 2026 and payment on Oct 6, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 1,902 securities. Weighted average coupon was 6.73, weighted average maturity 4.15 years, effective duration 3.14 years and average yield to maturity 8.15%, with an option adjusted spread of 313.12 bps and convexity of -0.09.

Concentration and Holdings Profile

1,902 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 2.75% of assets, leaving roughly 97.25% across the remaining holdings. That is a low level of concentration, with exposure spread thinly across many issuers. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY) is an index-based fixed income fund that began trading on Oct 25, 2017. Its benchmark is the ICE BofA US High Yield Constrained Index, and it pays distributions monthly. As of Oct 26, 2026 it had 727.7 million shares outstanding and net assets of $25,908,292,947. An annual fee of 0.08% works out to $8 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

Fixed income risks include interest-rate and credit risk: when interest rates rise, the value of debt securities typically declines, and credit risk is the possibility that an issuer cannot make principal and interest payments. Non-investment-grade debt securities may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.08%. The fund is listed on Cboe BZX with 727.7 million shares outstanding and net assets of $25,908,292,947 as of Oct 26, 2026. The closing price was $35.65 as of Oct 26, 2026, against a NAV of $35.60 on Oct 26, and the premium/discount was 0.31. The 30-day median bid/ask spread was 0.03% and 30-day average volume was 18,614,237 shares.

Closing View

iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY) reported net assets of about $25.91 billion and 1,902 holdings, with its index, fees and distribution schedule as set out above. The monthly distribution schedule, 0.08% expense ratio and 0.03% median bid/ask spread are the main cost and income details reported for the fund.

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