HYGH – iShares Interest Rate Hdg Hi Yld Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of the BlackRock Interest Rate Hedged High Yield Bond Index designed to mitigate the interest rate risk of a portfolio composed of U.S. dollar- denominated, high yield corporate bonds. The fund seeks to track the investment results of the underlying index, which is designed to minimize the interest-rate risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds, represented in the underlying index by the underlying fund. It invests at least 80% of its net assets in component securities and instruments in the fund’s underlying index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	ETF	Open			May 27, 2014	$653.14M	0.520%	—	—	$200.77M

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