HYHGProShares High Yield-Interest Rate Hedged ETF
HYHG Fund Description
ProShares High Yield Interest Rate Hedged ETF tracks an index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.
HYHG Factset Analytics Insight
HYHG tracks an index that goes long on recently issued, high-yield USD debt from US and Canadian issuers, while shorting a duration-matched combination of 2-, 5- and 10-year US Treasurys. The goal is to provide credit exposure while minimizing interest-rate risk. The fund's high-yield holdings are limited to US- or Canadian-based issues that are US dollar denominated, and were issued in the last 5 years. This approach to the market carries with it elevated risk, as well as significant portfolio concentration. Trading volume is modest and on-screen spreads can be very high, though block trades are workable with some effort. The fund carries a reasonable fee, but short interest expenses frequently push its tracking lag considerably higher, though that's expected of a fund with this kind of strategy.
HYHG MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 17, 2018 the ProShares High Yield-Interest Rate Hedged ETF MSCI ESG Fund Quality Score is 3.57 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. HYHG ranks in the 22nd percentile within its peer group and in the 4th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
HYHG CHARTS AND PERFORMANCE
HYHG Top 10 Countries [View All]
HYHG Top 10 Sectors
HYHG Top 10 Holdings [View All]
HYHG Summary Data
HYHG Portfolio Data
HYHG Index Data
HYHG Portfolio Management
HYHG Tax Exposures
HYHG Fund Structure
HYHG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYHG. HYHG is rated a 4 out of 5.
HYHG Sector/Industry Breakdown
HYHG Top 10 Holdings[View All]
HYHG Top 5 Countries
HYHG Top 5 Currencies
HYHG Economic Development
HYHG Performance Statistics
HYHG MSCI ESG Ratings
HYHG HOLDINGS STATISTICS
HYHG MATURITY DISTRIBUTION
HYHG CREDIT BREAKDOWN