iShares High Yield Active ETF

BlackRock's active answer to the junk-bond index fund, BRHY puts a credit team in charge of picking high-yield corporate bonds rather than replicating a benchmark. It concentrates on below-investment-grade company debt maturing in ten years or less, aiming to maximize total return by choosing issuers and adjusting the mix as default risk and spreads shift. High-yield bonds pay richer coupons than Treasuries or investment-grade credit to compensate for the chance the borrower stumbles, and they tend to move partly with the stock market. Active management is the pitch: in a market where credit research and avoiding blowups matter, buyers are paying for BlackRock's judgment rather than a rules-based basket. Launched in 2024, it targets income investors who want high-yield exposure with a manager steering around the weakest names instead of holding whatever an index prescribes.

On MyRWA, BRHY trades tokenized across 1 on-chain venue - see the listings below.