HYGH - HYGH: 9.1% Yielding Corporate Bond ETF Interest Rate Hedged Solid Performance
2024-06-16 21:20:22 ET
Summary
- HYGH invests in high-yield corporate bonds and hedges its interest rate risk through swaps.
- HYGH has a strong 9.1% dividend yield, 3.1% higher than HYG, the largest unhedged high-yield bond ETF in the market.
- The fund's performance track record is good, outperforming most bonds and bond sub-asset classes since inception.
I last covered the iShares Interest Rate Hedged High Yield Bond ETF ( HYGH ) in late 2023. In that article , I argued that HYGH's strong, growing 8.1% yield made the fund a buy. HYGH has performed reasonably well since, outperforming most bonds and bond sub-asset classes, matching the performance of broader high-yield bond benchmarks....
HYGH: 9.1% Yielding Corporate Bond ETF, Interest Rate Hedged, Solid Performance