iShares 0-5 Year High Yield Corporate Bond ETF (SHYG)

FINANCE: GENERAL FINANCE

iShares 0-5 Year High Yield Corporate Bond ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the iShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The iShares 0-5 Year High Yield Corporate Bond ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Markit iBoxx USD Liquid High Yield 0-5 Index. INDEX DESCRIPTION: The Markit iBoxx USD Liquid High Yield 0-5 Index is designed to reflect the performance of U.S. dollar-denominated high yield corporate debt. High yield bonds are also known as junk bonds and are generally rated below investment grade. The Index offers exposure to liquid high yield corporate bonds maturing between zero and five years and is rebalanced on a monthly basis. Only bonds with $350 million minimum face value per bond are included in the Index, provided they are trading at a minimum price in accordance with Markit Indices Limited's liquidity screens. The Index uses a market-value weighted methodology with a cap on each issuer of 3%. Components primarily include consumer services, financial and industrials companies. The components of the Index, and the degree to which these components represent certain industries, may change over time.