USIG
iShares Broad USD Investment Grade Corporate Bond ETF
The iShares Broad USD Investment Grade Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated investmentgrade corporate bonds.
Corporate
FIXED INCOME
Passive
MANAGEMENT STYLE
14.7 B
ASSETS UNDER MGMT
4 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Corporate |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Jan 05, 2007 |
| Assets (mns) | $14,684 |
| Expense ratio | 4 bp |
Constituent Breakdown
| No. of constituents | 9,808 |
| No. of distinct issuers | 1,961 |
| Coverage | 98% |
| Fixed/floating rate | 87% / 13% |
| Investment grade | 99% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 80% |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | |
| Weighting | Market Cap |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BLK CSH FND TREASURY SL AGENCY | 0.1 % |
| ANHEUSER-BUSCH COMPANIES LLC - 4.9 2046-02-0 | 0.1 % |
| T-MOBILE USA INC - 3.88 2030-04-15 | 0.1 % |
| CVS HEALTH CORP - 5.05 2048-03-25 | 0.1 % |
| GOLDMAN SACHS GROUP INC/THE - 6.75 2037-10-0 | 0.1 % |
| BANK OF AMERICA CORP - 3.42 2028-12-20 | 0.1 % |
| PFIZER INVESTMENT ENTERPRISES PTE - 5.3 2053 | 0.1 % |
| BANK OF AMERICA CORP - 1.73 2027-07-22 | 0.1 % |
| BANK OF AMERICA CORP MTN - 5.29 2034-04-25 | 0.1 % |
| ABBVIE INC - 3.2 2029-11-21 | 0.1 % |
Issuer Type Breakdown
Top Issuers
| BANK OF AMERICA CORPORATION | 1.8 % |
| JPMORGAN CHASE & CO. | 1.7 % |
| MORGAN STANLEY | 1.4 % |
| WELLS FARGO & COMPANY | 1.0 % |
| GOLDMAN SACHS GROUP, INC. | 1.0 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.0% | 0.1% | 1.2% | -0.8% | -3.7% | -0.6% | -- | 0.1% |
| Dividend Yield | 2.0% | 4.3% | 4.4% | 4.1% | 3.4% | 3.4% | -- | 3.8% |
| Total Returns | 4.0% | 4.4% | 5.6% | 3.3% | -0.4% | 2.7% | -- | 3.9% | Ann. Volatility | 6.0% | 5.8% | 6.2% | 7.2% | 6.9% | 6.8% | -- | 7.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.40 | 51% |
| MSCI EAFE | 0.44 | 69% |
| MSCI Emg Mkts | 0.39 | 60% |
Liquidity Measures
| Avg. volume (000) | 913 |
| ADV traded (mns) | $47 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $51.74 |
| 30d moving avg. | $51.11 |
| Annualized volatility | 8.5% |
| Relative strength (RSI) | 60 |
| Short interest | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
7.3 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
7.1%
ⓘ Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
USIG
4.9%
Cat. Avg
3.8%
Fund Category: Corporate
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 4 bp |
| Equals: ALTAR Score™ | 4.9% |
ALTAR Score™ vs. Duration (Corporate Bond ETFs)
Expense Analysis
| Peer Group | Passive Corporate Fixed Income ETFs |
| # of ETFs | 24 |
| Avg. Expense Ratio | 18.1 bp |
| Std. Deviation | 16.9 bp |
| USIG (4 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USIG | 4.0 | 2.1 | 6.1 |
| Peer Avg. | 30.0 | 15.5 | 45.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .