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 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 3.87 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 9th percentile within its peer group and in the 29th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 08/02/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYGH -0.47% 0.54% 3.23% 8.47% 3.22% 5.43% --
HYGH (NAV) -1.14% 0.13% 2.74% 7.99% 3.01% 5.41% --
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
0.52%
$122.40M
$1.17M
0.14%

HYGH Portfolio Data

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08/02/21
3

HYGH Index Data

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

HYGH Portfolio Management

0.52%
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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
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N/A
N/A
Low
Daily

HYGH Factset Analytics Block Liquidity

As of 08/03/21
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

13,310
$1.17M
4,745
$415.64K
0.14%
$0.12
-0.01%
0.75% / -0.52%
None
100.00%
50,000
0.09
0.00%
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0
$87.10
N/A

HYGH Top 10 Holdings

1.91%
1.42%
100.00%

HYGH Performance Statistics

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HYGH MSCI ESG Ratings

3.87 / 10
29.38
9.17
6.80%
2.05%
309.38

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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