Key stats
About iShares Interest Rate Hedged High Yield Bond ETF
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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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF96.52%
Cash3.48%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYGH last dividends amounted to 0.51 USD. The month before, the issuer paid 0.51 USD in dividends, which shows a 0.67% increase.
HYGH assets under management is 409.65 M USD. It's risen 5.24% over the last month.
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.
Yes, HYGH pays dividends to its holders with the dividend yield of 7.48%. The last dividend (May 7, 2025) amounted to 0.51 USD. The dividends are paid monthly.
HYGH shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on May 27, 2014, and its management style is Passive.
HYGH expense ratio is 0.52% meaning you'd have to pay 0.52% of your investment to help manage the fund.
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.
HYGH invests in funds.
HYGH price has risen by 1.14% over the last month, and its yearly performance shows a −0.42% 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 trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.