IGHGProShares Investment Grade-Interest Rate Hedged ETF
IGHG Fund Description
IGHG tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.
IGHG Factset Analytics Insight
IGHG is passively-managed with the aim of reducing interest-rate risk by going long on corporate bonds while at the same time shorting US Treasurys. The resulting portfolio should have close to zero duration. The long positions in USD-Denominated investment-grade bonds should have atleast 5.5 years until maturity. The positions in US Treasurys should minimize interest rate risks. This sounds simple in theory but can be tricky in practice. IGHG broadly succeeds in delivering its strategy, making it an interesting option for investors concerned about rate risk. The underlying index is reconstituted and rebalanced (including a reset of the interest rate hedge) monthly.
IGHG MSCI ESG Analytics Insight
ProShares Investment Grade-Interest Rate Hedged ETF has an MSCI ESG Fund Rating of A based on a score of 6.25 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 Investment Grade-Interest Rate Hedged ETF ranks in the 55th percentile within its peer group and in the 86th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IGHG Portfolio Data
IGHG Index Data
IGHG Portfolio Management
IGHG Tax Exposures
IGHG Fund Structure
IGHG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IGHG. IGHG is rated a N/A out of 5.