Share-split context: A forward split was recorded on Aug 8, 2018 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

What this ETF is trying to do

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is designed to provide investors with exposure to corporate bonds. These are loans made to companies that are generally considered to have a good ability to pay back their debt.

What the numbers show

As of October 7, 2026, the share price was $48.68. Because this ETF has a history of share splits, we look at split-adjusted returns to see how it performed.

• Year-to-Date (YTD): The price return was -5.97%, while the total return was -2.53%.

• One Year: The price return was -6.58%, while the total return was -2.02%.

• Three Year: The price return was 2.92%, while the total return was 18.13%.

It is important to note that price return only measures the change in the share price. Total return is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

This ETF usually pays distributions monthly. Over the last 12 months, it made 12 payments totaling $2.44 per share. This results in a distribution yield of approximately 5.00%.

For new investors, it is important to remember that a high distribution yield alone can be misleading. A yield tells you how much cash is being paid relative to the price, but it does not guarantee that the overall value of your investment is growing.

NAV erosion explanation

"NAV erosion" happens when the underlying value of an ETF's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. USIG has an erosion score of 75, which is labeled as "mild price erosion." This is a measurement of risk rather than a guarantee that the fund's value has collapsed.

Share Split History

This ETF has a history of forward splits. In a forward split, each old share becomes multiple new shares, and the price per share drops proportionally. For example, on August 8, 2018, the ETF had a split with a coefficient of 2. This means one old share became two new shares. A forward split does not create a gain or a loss; it simply changes the number of shares an investor owns and the price of each share.

Pros

• Provides a steady stream of monthly income.

• Positive total returns over a three-year period.

Cons

• Negative price returns over the last year and year-to-date.

• Labeled with "mild" price erosion risk.

Beginner takeaway

USIG provides monthly cash payments, but the share price has declined over the short term. When looking at this ETF, investors should distinguish between the cash they receive (distribution yield) and the change in the share price (price return). Stability of the principal investment is a key concern for income investors.