iShares’ BYLD Is Fund-Of-Funds

June 27, 2014

iShares debuted the iShares Yield Optimized Bond ETF (BYLD), a bond “fund of funds” on April 24. It includes both government and corporate debt and costs 0.28 percent.

BYLD’s index, the Morningstar U.S. Bond Market Yield-Optimized Index, offers exposure to government-related fixed-income securities, securitized fixed-income securities, investment-grade credit securities and noninvestment-grade credit securities.

Some iShares ETFs represented in the index include the iShares 1-3 Year Treasury Bond ETF (SHY|A-97), the iShares 10+ Year Credit Bond ETF (CLY|C-78) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG|B-75).

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