Fixed Income

HYGH

iShares Interest Rate Hedged High Yield Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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Premium/Discount

  1y 3y 5y 10y Incept.
10.67 7.16 5.54 4.96 4.36
Market Price (%) 11.22 7.32 5.62 5.00 4.40
Benchmark (%) 10.23 6.33 5.11 5.03 4.47
After Tax Pre-Liq. (%) 7.15 3.86 2.90 2.52 1.92
After Tax Post-Liq. (%) 6.22 4.00 3.05 2.67 2.18
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
10.67 0.05 2.38 5.77 10.67 23.06 30.93 62.30 57.19
Market Price (%) 11.22 0.40 2.66 6.23 11.22 23.60 31.47 62.93 57.92
Benchmark (%) 10.23 0.00 2.26 5.48 10.23 20.21 28.28 63.38 58.89
After Tax Pre-Liq. (%) 7.15 -0.44 1.34 3.86 7.15 12.02 15.37 28.22 22.34
After Tax Post-Liq. (%) 6.22 0.03 1.40 3.39 6.22 12.48 16.23 30.16 25.74
  2020 2021 2022 2023 2024
Total Return (%) 0.63 5.73 -0.98 12.29 10.67
Market Price (%) 0.52 5.82 -0.93 12.17 11.22
Benchmark (%) 0.48 6.20 -2.31 11.64 10.23
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

Key Facts

Key Facts

Net Assets of Fund
as of Feb 20, 2025
$449,131,022
Exchange
NYSE Arca
Benchmark Index
BlackRock Interest Rate Hedged High Yield Bond Index
Shares Outstanding
as of Feb 20, 2025
5,150,000
Premium/Discount
as of Feb 20, 2025
0.21
Closing Price
as of Feb 20, 2025
87.39
30 Day Median Bid/Ask Spread
as of Feb 20, 2025
0.09%
Fund Inception
May 27, 2014
Asset Class
Fixed Income
Bloomberg Index Ticker
USIRHHYC
Distribution Frequency
Monthly
CUSIP
46431W606
30 Day Avg. Volume
as of Feb 20, 2025
122,702.00
Daily Volume
as of Feb 20, 2025
86,115.00

Click here to see how this fund compares to the underlying fund referenced in the Investment Objective above.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Feb 20, 2025
1
30 Day SEC Yield
as of Feb 19, 2025
6.42%
Standard Deviation (3y)
as of Jan 31, 2025
6.46%
Modified Duration to Worst
as of Feb 20, 2025
0.14
Weighted Avg Coupon
as of -
-
Effective Duration
as of Feb 20, 2025
0.03 yrs
Option Adjusted Spread
as of Feb 20, 2025
234.41 bps
Equity Beta (3y)
as of Jan 31, 2025
0.31
12m Trailing Yield
as of Feb 19, 2025
7.69%
Unsubsidized 30-Day SEC Yield
as of Feb 19, 2025
5.81%
Average Yield to Maturity
as of Feb 20, 2025
7.18%
Weighted Avg Maturity
as of Feb 20, 2025
3.65 yrs
Convexity
as of Feb 20, 2025
-0.28
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more

This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Jan 20, 2025
BBB
MSCI ESG Quality Score (0-10)
as of Jan 20, 2025
5.5
Fund Lipper Global Classification
as of Jan 20, 2025
Bond USD High Yield
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jan 20, 2025
247.93
MSCI Implied Temperature Rise (0-3.0+ °C)
as of Jan 20, 2025
> 3.0° C
MSCI ESG % Coverage
as of Jan 20, 2025
75.70%
MSCI ESG Quality Score - Peer Percentile
as of Jan 20, 2025
51.67%
Funds in Peer Group
as of Jan 20, 2025
420
MSCI Weighted Average Carbon Intensity % Coverage
as of Jan 20, 2025
72.64%
MSCI Implied Temperature Rise % Coverage
as of Jan 20, 2025
70.87%
All data is from MSCI ESG Fund Ratings as of Jan 20, 2025, based on holdings as of Dec 31, 2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of Feb 20, 2025
0.00%
MSCI - Nuclear Weapons
as of Feb 20, 2025
0.00%
MSCI - Civilian Firearms
as of Feb 20, 2025
0.14%
MSCI - Tobacco
as of Feb 20, 2025
0.00%
MSCI - UN Global Compact Violators
as of Feb 20, 2025
0.13%
MSCI - Thermal Coal
as of Feb 20, 2025
0.00%
MSCI - Oil Sands
as of Feb 20, 2025
0.00%

Business Involvement Coverage
as of Feb 20, 2025
45.38%
Percentage of Fund not covered
as of Feb 20, 2025
54.62%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.14%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

as of current prospectus
Management Fee 0.65%
Acquired Fund Fees and Expenses 0.47%
Other Expenses 0.00%
Expense Ratio 1.12%
Fee Waivers 0.60%
Net Expense Ratio 0.52%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for iShares Interest Rate Hedged High Yield Bond ETF, as of Jan 31, 2025 rated against 583 High Yield Bond Funds based on risk adjusted total return.

Holdings

Holdings

Holdings are subject to change.


* Where the fund holds futures, initial margin is reflected in the Cash Collateral USD UBSFT account. The daily variation margin is included in the fund’s USD Cash, and/or Money Market accounts. Both the USD Cash and Money Market accounts may also hold cash from normal portfolio activities.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 20, 2025

% of Market Value

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as of Feb 20, 2025

% of Market Value

The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Feb 20, 2025

% of Market Value

Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

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