| Description: | The fund is an exchange traded fund (ETF) that aims to track the performance of the Markit i Boxx USD Liquid High Yield Capped Index as closely as possible. The ETF invests in physical index securities. The Markit i Boxx USD Liquid High Yield Capped Index consists of the most liquid US Dollar denominated corporate bonds with a sub-investment grade rating, while maintaining a focus on UCI Ts eligibility. The maximum original time to maturity is 15 years and the minimum time to maturity is three and a half years for new bonds to be included and three years for bonds that already exist in the index. For diversification purposes the weight of each issuer in the index is capped at 3%. i Shares ET Fs are funds managed by Black Rock. They are transparent, cost-efficient, liquid vehicles that trade on stock exchanges like normal securities. i Shares ET Fs offer flexible and easy access to a wide range of markets and asset classes. |
