iShares BB Rated Corporate Bond ETF
HYBB
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Oct 8, 2020
- Website
- ishares.com
- Similar Companies
- Business
- iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that seeks to track the investment results of an index composed of BB-rated (or equivalent) fixed-rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporate issuers that have remaining maturities of one year or more; the underlying index is the ICE BofA BB U.S. High Yield Constrained Index, which is market value-weighted with issuer caps at 2%. The ETF primarily invests at least 90% of its assets in component securities of the index, including fixed-rate high yield corporate bonds rated BB+ to BB- by S&P and Fitch or Ba1 to Ba3 by Moody's, providing exposure to the highest tier of the junk bond market with moderate credit risk and a focus on sectors such as industrials, utilities, financials, energy, healthcare, and consumer discretionary. Top holdings include CCO Holdings LLC, TransDigm Inc., Venture Global LNG Inc., OneMain Finance Corp., and Sunoco LP bonds, alongside issuers like NRG Energy Inc., Tenet Healthcare Corp., and Celanese US Holdings LLC, with approximately 1,000 holdings diversified across U.S. bonds (around 86%) and non-U.S. bonds (around 14%). Launched on October 6, 2020, HYBB is issued and managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., with headquarters in New York, New York, and is domiciled in the United States; the fund trades on NYSE Arca and targets institutional and retail investors seeking high yield bond exposure with a yield to maturity profile and limited interest-rate sensitivity. As of late 2025, the ETF manages approximately $280-410 million in assets under management, with an expense ratio of 0.25%, a trailing twelve-month dividend yield of around 6.3%, and portfolio characteristics including an effective duration of about four years and a yield to worst aligned with BB-rated market conditions. Recent developments include portfolio manager additions in August 2025, with Jonathan Graves and Marcus Tom joining lead manager James Mauro, reflecting BlackRock's strategy to enhance fixed income expertise amid evolving market dynamics; the fund has seen stable operations with no major index changes, acquisitions, or strategic shifts reported in 2024-2025, though it experienced typical fund flows and maintained its focus on BB-rated corporates despite credit spread fluctuations and economic uncertainties.