BYLD Profile
BYLD
(iShares Yield Optimized Bond ETF) is an exchange-traded fund (ETF)
that seeks to provide investors with exposure to U.S.
dollar-denominated investment-grade bonds. The ETF is managed by
BlackRock Inc., a global investment management company.
As a
yield-optimized bond ETF, BYLD invests primarily in U.S.
dollar-denominated investment-grade bonds with a duration of less than
ten years. The ETF seeks to track the performance of the Morningstar
U.S. Target Market Exposure Yield Index, which is a benchmark that
tracks the performance of investment-grade bonds with a focus on yield
optimization.
As of September 2021, the BYLD ETF had total net
assets of around $290 million and was invested in a diversified
portfolio of investment-grade bonds. The fund's holdings are managed
by the investment professionals at BlackRock, who have extensive
experience in managing fixed-income ETFs.
In terms of
performance, BYLD has delivered steady returns over the long term,
with a focus on providing investors with exposure to U.S.
dollar-denominated investment-grade bonds with a focus on yield
optimization. The ETF's focus on yield optimization may make it a
suitable option for investors who are seeking to generate income from
their fixed-income investments.
Investors should keep in mind
that like all fixed-income investments, BYLD carries risks, including
the risk that interest rates may rise or fall, which can impact the
value of the ETF's holdings. Additionally, the ETF charges a
relatively low expense ratio of 0.15%, which is in line with the
average expense ratio for U.S. dollar-denominated investment-grade
bond ETFs. Investors should carefully consider their investment
objectives and risk tolerance before investing in BYLD or any other
fixed-
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