##  [# iShares Plans ‘BB’ Rated Bond ETF](/sections/daily-etf-watch/ishares-plans-bb-rated-bond-etf) 

 

# iShares Plans ‘BB’ Rated Bond ETF

 

 

Fund will cover the top tier of the junk bond category in terms of credit quality.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Jul 12, 2018

 Edited by: ETF.com Staff

 

 

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A recent filing from iShares outlines the firm’s plans to launch an ETF that will target the bonds with the highest credit quality in the junk bond space. The [iShares BB Rated Corporate Bond ETF](https://www.sec.gov/Archives/edgar/data/1100663/000119312518213825/d912089d485apos.htm) that average a rating from the three major ratings agency that falls within the range of BB+ to BB-, which is the top tier of the high-yield category.

The fund’s underlying index selects its components from the ICE BofAML US High Yield Constrained Index and is weighted by market capitalization, with a 2% cap on the weight of any single issuer. The index covers only debt denominated in U.S. dollars with a maturity of at least one year and at least $250 million in outstanding face value. Securities can be issued by domestic and foreign issuers, the prospectus says.

BlackRock’s ETF lineup includes the [iShares Aaa-A Rated Corporate Bond ETF (QLTA)](https://www.etf.com/qlta), which covers corporate bonds with only the highest credit quality. In August 2016, it closed down two similar funds, the iShares B - Ca Rated Corporate Bond ETF (QLTC) and the iShares Baa - Ba Rated Corporate Bond ETF (QLTB).

The filing does not include a ticker, expense ratio or listing exchange.

*Contact Heather Bell at <hbell@etf.com>*



 

 

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 Related Topics  [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Junk Bond](http://www.etf.com/topics/junk-bond) 

 [U.S.](http://www.etf.com/topics/us) 

 [Blackrock](http://www.etf.com/topics/blackrock)