HYGH

iShares Interest Rate Hedged High Yield Bond ETF
*Unless otherwise stated, data provided by FactSet.

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—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 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 3.08 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 7th percentile within its peer group and in the 32nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

HYGH Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 10/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYGH 0.87% 2.06% -3.67% -1.11% 1.97% 4.20% --
HYGH (NAV) 1.89% 1.81% -3.48% -1.15% 2.02% 4.32% --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays US Corporate High Yield Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYGH Summary Data

Blackrock
iShares
05/27/14
Open-Ended Fund
0.53%
$71.20M
$197.58K
0.13%

HYGH Portfolio Data

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11/10/20
3

HYGH Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays US Corporate High Yield Index

HYGH Portfolio Management

0.53%
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HYGH Tax Exposures

20.00% / 39.60%
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Ordinary income
No

HYGH Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HYGH Factset Analytics Block Liquidity

As of 10/22/20
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 N/A out of 5.

HYGH Tradability

2,372
$197.58K
1,574
$132.73K
0.13%
$0.11
-0.01%
0.56% / -0.64%
None
0.00%
50,000
0.03
0.00%
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10
$83.77
N/A

HYGH Top 10 Holdings

2.38%
1.16%
100.00%

HYGH Performance Statistics

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HYGH MSCI ESG Ratings

3.08 / 10
31.99
6.75
6.20%
2.21%
275.87

HYGH Holdings Statistics

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3
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HYGH Avg Life Maturity Distribution

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HYGH OAS Breakdown

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