HYGH

iShares Interest Rate Hedged High Yield Bond ETF
B

N/A
*Unless otherwise stated, data provided by FactSet.

HYGH Fund Description

The iShares Interest Rate Hedged High Yield Bond ETF is an actively managed fund-of-funds that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk.

HYGH Factset Analytics Insight

HYGH—an actively managed fund-of-funds—primarily takes a long position in HYG (an iShares corporate high-yield ETF) and shorts Treasury futures to achieve a net-zero portfolio duration. The strategy is designed to capture the credit spread while minimizing interest-rate risk. Daily trading volume in HYGH is light although spreads are reasonable. The underlying ETF and Treasury futures are extremely liquid, so institutional investors may find the fund attractive. In addition to being a tool to capture the credit spread, HYGH may also appeal to existing HYG investors who want to shorten their portfolio duration without significantly altering their underlying credit and liquidity profile. Fees are reasonable for the exposure.

HYGH CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/16/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYGH 0.81% 1.43% 3.83% 6.36% 5.99% -- --
HYGH (NAV) 0.90% 1.42% 3.73% 6.37% 6.00% -- --
No Underlying Index -- -- -- -- -- -- --
Barclays U.S. Corporate High Yield Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYGH Top 10 Countries [View All]

HYGH Top 10 Sectors

HYGH Top 10 Holdings

HYGH Summary Data

BlackRock
iShares
05/27/14
Open-Ended Fund
0.54%
$360.23M
$2.28M
0.04%

HYGH Portfolio Data

--
5.81 years
5.44%
08/02/18
1024

HYGH Index Data

No Underlying Index
Market Value
Market Value
Barclays U.S. Corporate High Yield Index

HYGH Portfolio Management

0.54%
--
--
--

HYGH Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

HYGH Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HYGH Factset Analytics Block Liquidity

As of 08/17/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HYGH. HYGH is rated a 5 out of 5.

HYGH Tradability

24,623
$2.28M
15,854
$1.48M
0.04%
$0.04
0.01%
0.59% / -0.24%
None
100.00%
50,000
0.32
0.00%
0.50%
--
$91.41
5

HYGH Sector/Industry Breakdown


HYGH
Segment Benchmark
85.79%
88.24%
8.25%
9.21%
3.12%
2.55%
1.66%
0.00%
1.06%
0.00%
0.11%
0.00%

HYGH Top 10 Holdings

1.13%
0.77%
100%

HYGH Top 5 Countries


HYGH
Segment Benchmark
72.78%
74.37%
6.03%
4.34%
5.26%
5.48%
4.95%
4.55%
1.59%
2.07%

HYGH Top 5 Currencies


HYGH
Segment Benchmark
100.00%
100.00%

HYGH Economic Development


HYGH
Segment Benchmark
97.53%
98.74%
1.44%
1.25%

HYGH Performance Statistics

0.39
1.74
--
--
--

HYGH HOLDINGS STATISTICS


HYGH
Segment Benchmark
5.81 years
6.56 years
--
3.69
--
0.26
--
0.52
5.44%
5.96%
--
--
Low
Low
1024
2043
B
B

HYGH MATURITY DISTRIBUTION


HYGH
Segment Benchmark
0.56%
0.22%
10.49%
12.11%
27.23%
27.73%
32.10%
29.50%
25.90%
24.12%
1.04%
6.31%

HYGH CREDIT BREAKDOWN


HYGH
Segment Benchmark
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.04%
0.17%
47.77%
44.27%
37.25%
39.24%
10.19%
14.73%
1.05%
0.99%
0.00%
0.05%