HYHG
ProShares High Yield-Interest Rate Hedged ETFHYHG Fund Description
HYHG tracks an index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.
HYHG Factset Analytics Insight
HYHG tracks an index that goes long on recently issued, high-yield USD debt from US and Canadian issuers, while shorting a duration-matched combination of 2-, 5- and 10-year US Treasurys. The goal is to provide credit exposure while minimizing interest-rate risk. The fund's high-yield holdings are limited to US- or Canadian-based issues that are US dollar denominated, and were issued in the last 5 years. This approach to the market carries with it elevated risk, as well as significant portfolio concentration. Trading volume is modest and on-screen spreads can be very high, though block trades are workable with some effort. The fund carries a reasonable fee, but short interest expenses frequently push its tracking lag considerably higher, though that's expected of a fund with this kind of strategy.
HYHG MSCI ESG Analytics Insight
ProShares High Yield-Interest Rate Hedged ETF has an MSCI ESG Fund Rating of BB based on a score of 3.65 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. ProShares High Yield-Interest Rate Hedged ETF ranks in the 9th percentile within its peer group and in the 41st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HYHG Summary Data
HYHG Portfolio Data
HYHG Index Data
HYHG Portfolio Management
HYHG Tax Exposures
HYHG Fund Structure
HYHG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYHG. HYHG is rated a N/A out of 5.
HYHG Tradability
HYHG Top 10 Holdings[View All]
HYHG Performance Statistics
HYHG MSCI ESG Ratings
HYHG Holdings Statistics
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HYHG Maturity Distribution
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HYHG Credit 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.