iShares High Yield Corporate Bond BuyWrite Strategy ETF

iShares High Yield Corporate Bond BuyWrite Strategy ETF is a fixed income exchange-traded fund designed to provide exposure to U.S. high-yield corporate bonds through an options-based income strategy. The fund seeks to track the Cboe HYG BuyWrite Index, which combines a holding in the iShares iBoxx $ High Yield Corporate Bond ETF with the monthly sale of covered call options on that underlying fund to generate option premium. This structure gives the ETF a defined role in the bond market as an income-oriented vehicle that pairs credit exposure with a systematic buy-write approach. Managed by BlackRock’s iShares franchise, the ETF is used by investors looking for diversified exposure to the high-yield corporate bond segment while incorporating an income overlay. Its portfolio structure reflects a passive strategy centered on fixed income and derivatives rather than direct stock selection.