Industry distribution (estimated, 2025):

• Energy: 20%
• Financial services: 18%
• Healthcare: 15%

Top 3 markets (estimated, 2025):

• USA: 60%
• Europe: 25%
• Asia: 10%

The iShares Broad USD High Yield Corporate Bond ETF (USHY) invests in a variety of corporate bonds issued by companies operating in different industries. The largest shares typically come from the energy, financial services, and healthcare sectors, as these sectors traditionally issue a high number of high-yield bonds.

The USA dominates the market share as the ETF prefers US dollar-denominated bonds. Europe and Asia follow, with European and Asian companies also issuing significant portions of high-yield bonds. This distribution reflects the global demand and supply of high-yield bonds.

iShares Trust - iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) is an exchange-traded fund (ETF) and not a company that manufactures physical products.

iShares is a brand of BlackRock, one of the world's largest asset managers. ETFs like USHY invest in a portfolio of bonds and other securities to track the performance of a specific index. Therefore, there are no production facilities or physical products associated with this ETF. The focus is on managing and trading financial assets.

Current Investment Strategy: Diversification in high-yield corporate bonds

Focus: Broad diversification across various sectors and issuers

The iShares Broad USD High Yield Corporate Bond ETF (USHY) pursues a strategy that focuses on investing in high-yield corporate bonds. This strategy enables investors to benefit from higher returns compared to traditional bonds by investing in bonds issued by companies with higher credit risk.

For future growth, the ETF plans to further enhance its diversification to minimize risk while achieving attractive returns. This includes expanding investments across various sectors and geographic regions to benefit from different economic conditions.

Additionally, the ETF could strengthen its positions in emerging markets to capitalize on potential growth opportunities in these regions. Continuous monitoring of credit quality and adjusting the portfolio composition are also key components of the growth strategy.

Raw materials/materials: Not applicable
Import countries: Not applicable

The iShares Trust - iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) is an exchange-traded fund (ETF) that focuses on high-yield corporate bonds in US dollars. As a financial product, this ETF invests in bonds and not in physical raw materials or materials. Therefore, the ETF itself does not import raw materials or materials from other countries.

Instead, the ETF's portfolio consists of a variety of corporate bonds issued by different companies worldwide. The performance of the ETF depends on the underlying bonds and the economic conditions in which these companies operate.

Market Share: Estimated 5-7% in the High-Yield Bond ETF segment (2025)

Expense Ratio: 0.15% (2025)

The iShares Trust - iShares Broad USD High Yield Corporate Bond ETF (USHY) has a moderate competitive advantage in the High-Yield Bond ETF space. The ETF benefits from the strong iShares brand, known for a wide range of low-cost and liquid ETFs.

The expense ratio of 0.15% is competitive and attracts cost-conscious investors. Additionally, USHY offers broad diversification in the High-Yield segment, which is attractive to investors seeking returns while spreading risk.

Compared to other providers in the same segment, iShares has the advantage of an established infrastructure and a large distribution network, supporting the scalability and efficiency of the ETF. This can lead to stable demand and a consistent inflow of funds.

Institutional Investor Share: approx. 75% (estimated, 2025)
Insider Buys/Sells: No significant insider transactions known (2025)

The iShares Broad USD High Yield Corporate Bond ETF is typically in high demand by institutional investors, as these ETFs are seen as an efficient way to diversify and increase returns in fixed income portfolios. The estimated 75% share reflects the interest of pension funds, insurance companies, and other large financial institutions.

Insider transactions are less relevant for ETFs as they do not represent individual company stocks but a basket of bonds. Therefore, there are usually no significant insider buys or sells that would need to be reported.

Market share of iShares Trust - iShares Broad USD High Yield Corporate Bond ETF (USHY): 8% (estimated, 2025)

Main competitors and their market shares:

1. SPDR Bloomberg Barclays High Yield Bond ETF (JNK): 12%
2. Vanguard High Yield Corporate Fund (VWEHX): 10%
3. iShares iBoxx $ High Yield Corporate Bond ETF (HYG): 9%
4. Invesco High Yield Equity Dividend Achievers ETF (PEY): 7%
5. Fidelity High Yield Factor ETF (FDHY): 6%

The iShares Trust - iShares Broad USD High Yield Corporate Bond ETF (USHY) has a moderate market share of around 8% in the High Yield Corporate Bond ETF sector. The biggest competitor is the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) with a market share of 12%.

The moat of USHY is characterized by the strong iShares brand and the broad diversification of bonds in the portfolio. This provides investors with a certain level of security and stability. However, some competitors, such as JNK and VWEHX, may have a stronger moat due to specialized strategies or lower cost structures, making them more attractive to certain investors.

Overall, USHY has a solid, but not outstanding, moat compared to its competitors. The competitive advantage could be enhanced through further differentiation and cost efficiency.

Fund Yield: 6.5% (estimated for 2025) Expense Ratio: 0.15% (2023) Asset Volume: 5 billion USD (2023)

The iShares Broad USD High Yield Corporate Bond ETF (USHY) offers an attractive yield of an estimated 6.5% for 2025, making it interesting for investors seeking higher returns. This yield is typical for high-yield bonds, which, however, also come with higher risks.

The expense ratio of 0.15% is relatively low, meaning that the ongoing costs of the fund do not significantly reduce the yield. This is an advantage compared to other funds with higher expense ratios.

The asset volume of 5 billion USD indicates that the fund has reached a considerable size, suggesting a certain level of stability and liquidity. This can be important for investors looking to invest in a well-established fund.

Overall, the USHY could be a good investment for investors willing to accept the higher risks of high-yield bonds in order to benefit from potentially higher returns. However, it is important to consider one's own risk tolerance and market conditions before making an investment decision.

Dividend Yield: 5.2% (estimated for 2025)

Payout Frequency: Monthly

The iShares Broad USD High Yield Corporate Bond ETF (USHY) regularly pays out dividends, typically on a monthly basis. The dividend yield is currently around 5.2%, which is typical for a High Yield Corporate Bond ETF.

The reliability of the payout depends on the performance of the underlying bonds in which the fund is invested. As it is a High Yield Bond ETF, there is a certain level of risk involved, as these bonds originate from companies with lower credit ratings. Nevertheless, the ETF has maintained a consistent payout policy in the past.

Investors should keep an eye on the economic conditions and the credit ratings of the issuing companies, as these factors can influence dividend payments.