HYGHiShares Interest Rate Hedged High Yield Bond ETF
HYGH Fund Description
HYGH 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 is an actively managed fund-of-funds that 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. The fund aims to invest at least 80% of its assets in funds investing in USD-denominated high-yield bonds and US Treasurys. Interest rate risks are mitigated through positions in both futures contracts and interest rate swaps. HYGH may also engage in securities lending or invest in other ETFs, government securities, options and swap contracts, short-term paper, cash and cash equivalents to meet its objectives. HYGH may also appeal to existing HYG investors who want to shorten their portfolio duration without significantly altering their underlying credit and liquidity profile.
HYGH MSCI ESG Analytics Insight
iShares Interest Rate Hedged High Yield Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.73 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. iShares Interest Rate Hedged High Yield Bond ETF ranks in the 11st percentile within its peer group and in the 36th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HYGH Summary Data
HYGH Portfolio Data
HYGH Index Data
HYGH Portfolio Management
HYGH Tax Exposures
HYGH Fund Structure
HYGH Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYGH. HYGH is rated a N/A out of 5.