Key stats
About iShares Interest Rate Hedged High Yield Bond ETF
Home page
Inception date
May 27, 2014
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
HYGH tracks an index that primarily takes a long position in iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and shorts Treasury futures to achieve a net-zero portfolio duration. The strategy is designed to capture the credit spread while minimizing interest-rate risk. The fund aims to invest its assets in funds investing in USD-denominated high-yield bonds and US Treasurys. Interest rate risks are mitigated through positions in both futures contracts and interest rate swaps. HYGH may also engage in securities lending or invest in other ETFs, government securities, options and swap contracts, short-term paper, cash and cash equivalents to meet its objectives. HYGH may also appeal to existing HYG investors who want to shorten their portfolio duration without significantly altering their underlying credit and liquidity profile. Prior to Dec. 1, 2021, the fund is actively-managed holding the ETF HYG and using the same strategy of hedging interest rate risk.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HYGH trades at 85.29 USD today, its price has fallen −0.20% in the past 24 hours. Track more dynamics on HYGH price chart.
HYGH net asset value is 85.44 today — it's risen 2.69% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HYGH assets under management is 409.65 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HYGH price has risen by 1.17% over the last month, and its yearly performance shows a −0.39% decrease. See more dynamics on HYGH price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.14% increase in three-month performance and has increased by 7.73% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.14% increase in three-month performance and has increased by 7.73% in a year.
HYGH fund flows account for 153.29 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HYGH invests in funds. See more details in our Analysis section.
HYGH expense ratio is 0.52%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HYGH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HYGH technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HYGH shows the sell signal. See more of HYGH technicals for a more comprehensive analysis.
Today, HYGH technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HYGH shows the sell signal. See more of HYGH technicals for a more comprehensive analysis.
Yes, HYGH pays dividends to its holders with the dividend yield of 7.48%.
HYGH trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HYGH shares are issued by BlackRock, Inc.
HYGH follows the BlackRock Interest Rate Hedged High Yield Bond Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 27, 2014.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.