Highlights

  • GHYG targets high Yield corporate bonds issued in the United States and abroad.
  • The published expense ratio is 0.40%.
  • The fund's distribution frequency is monthly.

iShares US & Intl High Yield Corp Bond ETF (Cboe BZX:GHYG) seeks exposure to high yield corporate bonds issued in the United States and abroad. With net asset value of USD 43.18 per share as of 2 November 2026, the fund reported net Assets of USD 185,687,707 as of 2 November 2026. Its Investment approach centres on tracking the iBoxx Global Developed Markets High Yield Index.

Geographic Breadth Within a Credit Segment

The strategy broadens corporate high yield exposure across US and international issuers. That expands the available borrower universe, but it retains a common emphasis on lower rated credit. Companies in different countries can face similar refinancing challenges when credit becomes scarce. Geographic breadth therefore changes the opportunity set without removing the dependence of bond values on repayment capacity and financing conditions.

Portfolio Composition and Exposure

GHYG reported 1,732 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Consumer Cyclical at 18.81% and Communications at 15.66%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Effective duration was 3.11 years as of 2 November 2026, while weighted average Maturity was 3.99 years as of 2 November 2026. Duration indicates sensitivity to Interest Rate changes; maturity describes the timing of principal repayments. These measures address different features of a bond portfolio.

Fees and Distribution Policy

GHYG lists an expense ratio of 0.40%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on Cboe BZX at market prices, which may differ from net asset value.

The stated distribution frequency is monthly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Defaults, deteriorating corporate Earnings and less liquid bond markets can affect the portfolio. International exposure can add legal and market differences to the risks already present in high yield credit. GHYG spreads exposure across corporate credit markets while retaining high yield risk, making borrower quality and sector concentration essential features of the mandate.