HYGH

iShares Interest Rate Hedged High Yield Bond ETF

$85.84

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) seeks to provide exposure to high-yield corporate bonds while mitigating the impact of rising interest rates.

Overview

ETF tracking iShares Interest Rate Hedged High Yield Bond ETF

Category Fixed Income

Issuer BlackRock

Inception Date 2014-05-29

Market Cap $437.8M

Average Volume N/A

Dividend Yield 5.81%

52-Week Range $79.41 - $87.69

VWAP $85.71

Performance

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Investment Summary

📎 Investment Objective

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) seeks to provide exposure to high-yield corporate bonds while mitigating the impact of rising interest rates.

🎯 Investment Strategy

HYGH invests in a portfolio of high-yield corporate bonds and uses interest rate derivatives to hedge against the negative effects of rising interest rates. The fund aims to provide high income while reducing the interest rate risk typically associated with high-yield bonds.

✨ Key Features

Exposure to high-yield corporate bonds with an interest rate hedge
Seeks to generate high income while reducing interest rate sensitivity
Employs derivatives to hedge against rising interest rates
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The fund is exposed to the risk of default by the underlying high-yield bond issuers
Liquidity risk: High-yield bonds may have lower liquidity compared to investment-grade bonds
Derivative risk: The use of interest rate derivatives to hedge the portfolio introduces additional risks
Market risk: The value of the fund's holdings may fluctuate due to changes in economic and market conditions

👤 Best For

HYGH may be suitable for investors seeking high-yield bond exposure with reduced interest rate risk, such as those with a medium to long-term investment horizon and a moderate to high-risk tolerance. Investors should be comfortable with the risks associated with high-yield bonds and the use of derivatives.