HYGIiShares Inflation Hedged High Yield Bond ETF
HYGI Fund Description
HYGI tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), which targets USD-denominated, high-yield corporate bonds, while mitigating inflation risk through swaps.
HYGI Factset Analytics Insight
HYGI follows an index that combines a long position in iShares iBoxx USD High Yield Corporate Bond ETF (HYG) with an overlay of inflation swaps. The fund includes a fixed number of HYG’s shares and a series of up to 10 inflation swap contracts with different maturities, intended to hedge the portfolio’s inflation risk at key points on the yield curve. By entering these swaps, the fund agrees to give up a portion of the fixed payments it receives from HYG’s bond portfolio in exchange for floating payments tied to the inflation rate. Since inflation is already priced into the market for bonds, the fund effectively hedges inflation expectations rather than the inflation rate itself. Thus, even if inflation rises, HYGI will underperform HYG if the rise is less than expected, and will outperform (before costs) when inflation exceeds expectations. The weights of the swaps are rebalanced daily and restructured monthly. Due to the use of derivatives, the fund is registered as a commodity pool.
HYGI Portfolio Data
HYGI Index Data
HYGI Portfolio Management
HYGI Tax Exposures
HYGI Fund Structure
HYGI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYGI. HYGI is rated a N/A out of 5.
HYGI Sector/Industry Breakdown
HYGI Top 10 Holdings
HYGI Performance Statistics
HYGI Holdings Statistics
HYGI Avg Life Maturity Distribution
HYGI OAS Breakdown
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.