About iShares Interest Rate Hedged High Yield Bond ETF (HYGH)

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an investment fund that aims to provide investors with exposure to a diversified portfolio of high-yield bonds while hedging against interest rate risk. The fund employs a strategy that seeks to neutralize the interest rate risk of the underlying bonds by using interest rate swaps. This allows investors to potentially benefit from the high yield of the bonds while mitigating the impact of rising interest rates.

HYGH is designed for investors who are seeking income and are concerned about the potential negative impact of rising interest rates on their bond investments. By hedging against interest rate risk, the fund aims to provide a more stable income stream compared to traditional high-yield bond funds. The fund primarily invests in high-yield, U.S. dollar-denominated corporate bonds, with a focus on those rated below investment grade.