iShares Inflation Hedged High Yield Bond ETF
HYGI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco United States of America 94105-2618
- IPO Date
- Jun 24, 2022
- Website
- ishares.com
- Similar Companies
- Business
- iShares Inflation Hedged High Yield Bond ETF (HYGI), managed by BlackRock Fund Advisors and issued by iShares U.S. ETF Trust, seeks to track the BlackRock Inflation Hedged High Yield Bond Index by mitigating the inflation risk of a portfolio composed primarily of U.S. dollar-denominated high yield corporate bonds. The fund holds shares of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), representing approximately 95.78% of its portfolio, alongside inflation swaps (such as IFS swaps maturing between 2026 and 2029), cash collateral, USD cash positions, and BlackRock Cash Funds Treasury SL Agency; it employs a representative sampling technique and synthetic replication via derivatives to manage inflation exposure while targeting income from non-investment-grade debt securities. With an effective duration of 2.66 years, weighted average maturity of 3.38 years, net expense ratio of 0.52% (reflecting fee waivers through February 29, 2028), and net assets of approximately $5.46 million as of mid-2025, HYGI trades on NYSE Arca and primarily serves institutional and retail investors seeking high yield fixed income with inflation protection. Launched on June 22, 2022, and headquartered with BlackRock in the United States, the ETF operates in U.S. fixed income markets, focusing on high yield (below investment-grade) corporate bonds issued by U.S. entities. In a significant recent development, BlackRock announced the closure and liquidation of HYGI on June 12, 2025, as part of rationalizing 14 underutilized U.S.-domiciled mutual funds and ETFs; creation and redemption of shares ceased after market close on August 18, 2025, with trading halted prior to market open on August 19, 2025, and liquidation proceeds distributed to shareholders on or around August 21, 2025. Prior to closure, institutional interest included a new position by Royal Bank of Canada in Q1 2025 (30,915 shares valued at $831,000, representing 15.46% ownership) and holdings by BlackRock, Inc. and Avantax Advisory Services, Inc., amid low average daily trading volume.