description iShares Interest Rate Hedged High Yield Bond ETF (HYGH) Overview
The iShares Interest Rate Hedged High Yield Bond ETF, traded under the ticker HYGH, is an exchange-traded fund designed to give investors exposure to U.S. high-yield corporate bonds while reducing the portfolio's sensitivity to changes in interest rates. It uses interest-rate swaps as part of that hedging approach, separating the credit risk of speculative-grade corporate debt from some of the duration risk found in unhedged bond funds. The fund is intended for investors seeking income-oriented corporate-credit exposure with a rate-hedged structure.
help iShares Interest Rate Hedged High Yield Bond ETF (HYGH) FAQ
What is the HYGH ETF?
HYGH is the iShares Interest Rate Hedged High Yield Bond ETF. It is designed to provide exposure to U.S. high-yield corporate bonds while reducing sensitivity to changes in interest rates.
How does HYGH hedge interest-rate risk?
The fund uses interest-rate swaps to offset part of the portfolio's exposure to rising or falling Treasury and market interest rates. The swaps reduce duration risk but do not remove the credit risk of high-yield bonds.
Does HYGH still carry junk-bond risk?
Yes. HYGH invests in high-yield corporate bonds, which are below investment grade and can have higher default and price risk than investment-grade debt. Its interest-rate hedge does not protect against every loss.
What is the ticker symbol for the iShares interest-rate-hedged high-yield fund?
The ticker is HYGH. It is an exchange-traded fund, so investors buy and sell shares during the trading day rather than purchasing individual bonds directly.
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