HYGH
iShares Interest Rate Hedged High Yield Bond ETFHYGH 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
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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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.
HYGH Tradability
HYGH Performance Statistics
HYGH MSCI ESG Ratings
HYGH Holdings Statistics
HYGH Avg Life Maturity Distribution
HYGH OAS Breakdown
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.