HYGI

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

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.

PERFORMANCE [as of 08/12/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYGI 7.04% -- -- -- -- -- --
HYGI (NAV) 7.35% -- -- -- -- -- --
N/A -- -- -- -- -- -- --
Bloomberg US Corporate High Yield Index 5.77% 3.17% -7.67% -6.17% 2.72% 3.53% 4.98%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYGI Summary Data

Blackrock
iShares
06/22/22
Open-Ended Fund
0.52%
$5.28M
$300.74
0.34%
N/A

HYGI Portfolio Data

--
--
--
N/A
--

HYGI Index Data

N/A
Fixed
Fixed
Bloomberg US Corporate High Yield Index

HYGI Portfolio Management

0.52%
--
--
--

HYGI Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

HYGI Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
Low
Daily

HYGI Factset Analytics Block Liquidity

As of 08/15/22
5
4
3
2
1

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 Tradability

15
$300.74
0
0
0.34%
$0.08
0.03%
0.24% / -0.14%
None
--
5,000
0
--
0.00%
0
$26.73
N/A

HYGI Sector/Industry Breakdown


HYGI
Segment Benchmark
98.76%
--
1.24%
--

HYGI Top 10 Holdings

3.39%
1.24%
100.00%

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.