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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.31

$2.62 M

6.20%

$1.63

1.02%

Vitals

YTD Return

4.6%

1 yr return

11.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.62 M

Holdings in Top 10

144.5%

52 WEEK LOW AND HIGH

$26.3
$24.40
$26.31

Expenses

OPERATING FEES

Expense Ratio 1.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.31

$2.62 M

6.20%

$1.63

1.02%

HYGI - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Inflation Hedged High Yield Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jun 22, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to track the investment results of the BlackRock Inflation Hedged High Yield Bond Index (the Underlying Index). The Underlying Index is designed to minimize the inflation risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds, which is represented in the Underlying Index by the Underlying Fund, by including a series of up to 10 inflation swap contracts with different maturities (as determined by BlackRock Index Services, LLC (the Index Provider)). As of October 31, 2023, the Underlying Index includes approximately 11 components (including shares of the Underlying Fund), and the Underlying Fund includes approximately 1,158 securities. The Fund uses its investment in the
Underlying Fund primarily to gain exposure to U.S. dollar-denominated, high yield corporate bonds (commonly referred to as junk bonds). The Fund seeks to track the inflation hedging component of the Underlying Index primarily through the use of positions in inflation swaps (i.e., derivative contracts used to transfer inflation risk by exchanging a fixed cash flow for a floating cash flow). The Fund makes fixed-rate payments based on a notional reference amount while receiving floating-rate payments on the same notional reference amount determined from an inflation index. The different maturities and weights of the swap contracts included in the Underlying Index are intended to hedge the portfolio’s inflation risk at key points on the yield curve, as determined by the Index Provider. The Underlying Index includes a fixed number of shares (to be adjusted in the event of any stock splits) of the Underlying Fund, and the Index Provider rebalances the weights of the swap contracts included in the Underlying Index daily. On a monthly basis, the Index Provider will add new swap contracts to the Underlying Index and remove the previous month’s swap contracts.
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in component securities and instruments in the Fund’s Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the
Underlying Index before fees and expenses of the Fund.
The Fund may also invest in other instruments designed to transfer inflation risk from one party to another, including but not limited to U.S. Treasury Inflation Protected Securities TIPS), total return swaps, futures and options (collectively with inflation swaps, inflation hedging instruments). The Fund’s investments in inflation hedging instruments are not intended to mitigate credit risk or other factors influencing the price of U.S. dollar-denominated, high yield corporate bonds, which may have a greater impact than inflation rates. Moreover, to the extent that inflation risk has been priced into the U.S. dollar-denominated, high yield corporate bonds owned by the Underlying Fund, the Fund will underperform the Underlying Fund even during inflationary periods.
A registered investment company and its adviser are subject to regulation by the CFTC if the registered investment company invests more than a prescribed level of its net asset value in CFTC-regulated futures, options and swaps, or if the registered investment company markets itself as providing investment exposure to such instruments. Due to the Fund’s potential use of CFTC-regulated futures, options and swaps above the prescribed levels, it is considered a commodity pool and BFA is considered a commodity pool operator (CPO) with respect to the Fund under the Commodity Exchange Act (CEA).
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not
seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund and the Underlying Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities and/or other instruments that collectively have an investment profile similar to that of an applicable underlying index. The securitiesand/or other instruments selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund or the Underlying Fund may or may not hold all of the securitiesand/or other instruments in the applicable Underlying Index.
The Fund may lend securities from its portfolio representing up to one-third of the value of the Fund's total assets (including the value of the collateral received).
The Underlying Index is sponsored by the Index Provider, an affiliated person
of the Fund and of BFA, the Fund’s investment adviser. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
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HYGI - Performance

Return Ranking - Trailing

Period HYGI Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -13.3% 17.2% N/A
1 Yr 11.3% -41.6% 14.8% N/A
3 Yr N/A* -29.9% 4.3% N/A
5 Yr N/A* -11.3% 3.6% N/A
10 Yr N/A* -7.2% 1.9% N/A

* Annualized

Return Ranking - Calendar

Period HYGI Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -52.3% 1.1% N/A
2022 N/A -4.0% 9.2% N/A
2021 N/A -47.0% 7.7% N/A
2020 N/A -4.2% 4.1% N/A
2019 N/A -2.3% 0.1% N/A

Total Return Ranking - Trailing

Period HYGI Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -13.3% 51.2% N/A
1 Yr 11.3% -41.6% 14.8% N/A
3 Yr N/A* -29.9% 4.3% N/A
5 Yr N/A* -11.3% 3.6% N/A
10 Yr N/A* -7.2% 1.9% N/A

* Annualized

Total Return Ranking - Calendar

Period HYGI Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -52.3% 1.1% N/A
2022 N/A -4.0% 9.2% N/A
2021 N/A -47.0% 7.7% N/A
2020 N/A -4.2% 4.1% N/A
2019 N/A -1.9% 0.1% N/A

HYGI - Holdings

Concentration Analysis

HYGI Category Low Category High HYGI % Rank
Net Assets 2.62 M 8.02 M 61.7 B N/A
Number of Holdings 36 6 1306 N/A
Net Assets in Top 10 3.74 M -122 M 35.7 B N/A
Weighting of Top 10 144.52% 9.2% 100.0% N/A

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corporate Bond ETF 94.52%
  2. BlackRock Cash Funds: Institutional, SL Agency Shares 46.22%
  3. BlackRock Cash Funds: Treasury, SL Agency Shares 3.09%
  4. SWP: IFS 2.747500 12-JUL-2029 0.26%
  5. SWP: IFS 3.127500 12-JUL-2025 0.14%
  6. SWP: IFS 3.049000 24-JUN-2027 0.10%
  7. SWP: IFS 2.362500 01-JUN-2026 USC 0.06%
  8. SWP: IFS 2.091200 11-JAN-2026 USC 0.05%
  9. SWP: IFS 2.900000 12-JUL-2027 0.04%
  10. SWP: OIS 3.177500 17-JAN-2030 0.04%

Asset Allocation

Weighting Return Low Return High HYGI % Rank
Stocks
94.52% 0.00% 29.58% N/A
Cash
49.31% -50.72% 72.87% N/A
Other
0.04% -1.41% 40.08% N/A
Preferred Stocks
0.00% 0.00% 0.43% N/A
Convertible Bonds
0.00% 0.00% 3.96% N/A
Bonds
0.00% -13.04% 150.30% N/A

Stock Sector Breakdown

Weighting Return Low Return High HYGI % Rank
Utilities
0.00% 0.00% 4.33% N/A
Technology
0.00% 0.00% 48.29% N/A
Real Estate
0.00% 0.00% 99.95% N/A
Industrials
0.00% 0.00% 11.16% N/A
Healthcare
0.00% 0.00% 11.13% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 10.65% N/A
Communication Services
0.00% 0.00% 17.02% N/A
Consumer Defense
0.00% 0.00% 31.30% N/A
Consumer Cyclical
0.00% 0.00% 16.99% N/A
Basic Materials
0.00% 0.00% 22.13% N/A

Stock Geographic Breakdown

Weighting Return Low Return High HYGI % Rank
US
94.52% 0.00% 29.38% N/A
Non US
0.00% 0.00% 2.04% N/A

HYGI - Expenses

Operational Fees

HYGI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.01% 1.71% 50.47%
Management Fee 0.55% 0.00% 0.99% 94.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

HYGI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

HYGI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HYGI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 246.00% N/A

HYGI - Distributions

Dividend Yield Analysis

HYGI Category Low Category High HYGI % Rank
Dividend Yield 6.20% 0.00% 10.62% 95.89%

Dividend Distribution Analysis

HYGI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

HYGI Category Low Category High HYGI % Rank
Net Income Ratio N/A -0.06% 6.71% N/A

Capital Gain Distribution Analysis

HYGI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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HYGI - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.57 11.1