IShares Broad USD High Yield Corporate Bond ETF provides market-cap-weighted exposure to a broad swath of high-yield U.S. corporate bonds. While this approach captures much of the investment opportunities in this market, it doesn’t work as well here as it does in the investment-grade space because of the inherent credit risk. Nonetheless, the fund’s low fee should still provide a performance advantage, warranting a Morningstar Analyst Rating of Bronze.
Morningstar’s Analysis USHY
Will USHY outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
Simple, broad exposure to high-yield bonds, but there are better options.
