About iBoxx USD High Yield Corporate Bond (HYG) Stock
The investment seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the underlying index). The underlying index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the U.S. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index.