Industry description
The investment seeks to track the investment results of the BlackRock Inflation Hedged High Yield Bond Index designed to mitigate the inflation risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds.
The underlying index is designed to minimize the inflation risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in component securities and instruments in the fund’s underlying index. It is non-diversified.