HYXE

Fund Description
The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield ex-Oil and Gas Index (the Underlying Index ), which is designed to reflect the performance of U.S. dollar-denominated, high yield corporate bonds, excluding those issued by companies in the Oil and Gas sector, as determined by the index provider. As used in this Prospectus, the term Oil and Gas includes both producers of oil and gas products and suppliers of equipment and services related to the oil and gas industry. The Underlying Index is designed to provide a broad representation of the U.S. dollar-denominated high yield corporate bond market excluding those issued by companies in the Oil and Gas sector. The Underlying Index is a modified market-value weighted index with a cap on each issuer of 3%. The bonds eligible for inclusion in the Underlying Index are U.S. dollar-denominated corporate bonds that: (i) are issued by companies domiciled in countries classified as developed markets by the index provider based primarily on quantitative economic criteria established by the index provider; (ii) have an average rating of below-investment grade (as determined by the Index Provider); (iii) are from issuers with at least $1 billion outstanding face value; (iv) have an original maturity date of less than 15 years; (v) have at least one year to maturity; and (vi) are not issued by companies whose primary activities are in the oil and gas sector, as determined by the index provider. In determining whether a bond has an average rating of below-investment grade, ratings from Moody s Investors Services ( Moodys ), Standard & Poor s Ratings Services and Fitch Ratings, Inc. ( Fitch ) are considered. Securities in the Underlying Index must be rated below-investment grade (lower than BBB- by Standard & Poor s Ratings Services and Fitch, or Baa3 by Moody s) using the middle rating of Moody s, Standard and Poor s Ratings Services, or Fitch after dropping the highest and lowest available ratings. When a rating from only two agencies is available, the lower ( more conservative ) rating is used. When a rating from only one agency is available, that rating is used to determine eligibility in the Underlying Index. If a particular tranche is unrated but its parent is rated, the parents rating is adopted.
Fund Profile
Fund Name iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF
Fund Exchange Ticker HYXE
Fund Sponsor Blackrock (iShares)
Fund ISIN US46435G4414
Net Expense Ratio 0.50 %
Fund Inception Date 14 June 2016
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Corporate
Asset Class Bonds
Index Linked Passive
Index Name Markit iBoxx USD Liquid High Yield ex-Oil & Gas
Index Provider Markit
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Corporate
Credit Quality High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 18 January 2019
Asset Under Management 9.93 Million (USD)
1 Month Total Return 3.01 %
Year To Date Return 4.03 %
1 Year Total Return 3.54 %
3 Year Annualized Total Return
NAV 49.63
Share Outstanding 200,000
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
USD CASH CASH
NAVIENT CORP BOND
INTELSAT CONNECT FINANCE BOND
HCA INC BOND
NEIMAN MARCUS GROUP LTD BOND
JC PENNEY CORP INC BOND
MALLINCKRODT INTL FIN BOND
TALEN ENERGY SUPPLY LLC BOND
AVON PRODUCTS INC BOND
WYNN LAS VEGAS LLC / WYNN LAS VEGA 144A BOND