HYGD – MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide three times leveraged inverse participation in the VettaFi High Yield Corporate Bond Fund-Tracking Index (the “Index”) from one leverage reset day to the next, before taking into account fees and charges. The index is a total return index that tracks the performance of the iShares® iBoxx $High Yield Corporate Bond ETF and is designed to provide exposure to U.S. dollar-denominated high-yield corporate debt through a single fund-tracking vehicle.

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
HYGD	Microsectors -3x Short High Yield Corporate Bond (HYG) ETNs	ETF	Open	—	—	Aug 10, 2026	$5.38M	0.950%	—	—	—

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