iShares High Yield Systematic Bond ETF
HYDB
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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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.Quarterly Dividends 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
- Jul 14, 2017
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares High Yield Systematic Bond ETF (HYDB) is an exchange-traded fund that seeks to track the investment results of the BlackRock High Yield Systematic Bond Index, composed of U.S. dollar-denominated, high yield corporate bonds selected and weighted based on factors including default probability, default-adjusted spreads, and volatility. The ETF provides exposure to a diversified portfolio of below-investment-grade bonds rated primarily BB or B from U.S. corporations and U.S. dollar-denominated debt of non-U.S. issuers; it emphasizes higher-quality high yield securities across sectors such as energy, communications, consumer cyclicals, and metals & mining, with top holdings including CCO Holdings LLC, Venture Global LNG Inc., Level 3 Financing Inc., and Cleveland-Cliffs Inc. HYDB offers investors systematic access to high yield fixed income with a focus on risk mitigation through multifactor screening, shorter duration profile, and sector diversification, targeting institutional and retail investors seeking income generation in the high yield bond market. Launched on July 11, 2017, and managed by BlackRock, Inc., with headquarters in New York, the ETF operates primarily in U.S. markets with global exposure through its underlying international corporate bond holdings. The fund maintains a competitive expense ratio of 0.35%, passive management style, and daily liquidity on the BATS exchange, with no acquired fund fees or other significant expenses. Portfolio characteristics include a focus on broad-maturity bonds, effective duration around 3-4 years, and yield-to-maturity typically in the mid-single digits, positioning it as a defensive alternative to broader high yield benchmarks like the iShares iBoxx $ High Yield Corporate Bond ETF (HYG). In recent developments, HYDB has seen portfolio manager changes including the addition of Jeff Rosenberg on June 28, 2024, enhancing BlackRock's fixed income expertise amid evolving market dynamics; the fund delivered strong performance with a 2024 total return of 8.95% and year-to-date 2025 returns around 6.62% through mid-year. Institutional interest has grown, evidenced by acquisitions such as Bank of America Corp DE increasing its stake in May 2025, while other adjustments like Summit Wealth Partners LLC reducing holdings in July 2025 reflect active rebalancing in the high yield space. No major structural changes, acquisitions, partnerships, or product launches have been reported for HYDB in the last 1-2 years, underscoring its stable systematic strategy amid persistent interest rate uncertainty and Fed policy shifts.