BYLD iShares Yield Optimized Bond ETF

Seeks to track, before fees and expenses, the Morningstar US Bond Market Yield-Optimized Index.The Index is a broadly diversified index targeting securities that seek to deliver a high level of current income while maintaining long-term capital appreciation. The Index encompasses a comprehensive set of exchange-traded funds (ETFs) that collectively target various asset classes within the fixed-income category, excluding tax-exempt municipal bonds . Securities that meet the security selection criteria are selected and assigned a weight according to a variant of the mean-variance optimization equation developed by Morningstar. The equation creates an optimal portfolio based on the return, standard deviation, correlation, and yield of the eligible securities. The weight of each select constituent of the portfolio is given by maximizing portfolio yield such that expected portfolio risk is less than or equal to expected aggregate bond risk and the sector weight and the maximum per-sector and per-constituent allocation constraints are satisfied.

$21.84  +0.08 (0.37%)
As of 03/21/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     iShares
Category1:  US Fixed Income
Category2:  Broad market
Category3:  Unconstrained
Morningstar category:  Intermediate-Term Bond
Leverage factor:  1.00
Inception date:  04/22/2014
Index tracking method: Passive replication
Current yield:  3.55%
Historical average yield:  3.24%
Market cap:  $95,678,000
Average volume:  16,464
Fees:     0.2500%

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Index Information

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Morningstar US Bond Market Yield-Optimized Index
Index symbol:  BMYOP
Provider:   Morningstar
Index weighting:   Composite scores
Index inception date:  03/05/2014
Backtesting data exists:   Yes
Index methdology guide:  Read PDF
Rebalanced:  Quarterly
Reconstituted:  Quarterly