ProShares Investment Grade—Interest Rate Hedged
The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration to the investment grade bonds. The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index) and invest at least 80% of its total assets in investment grade bonds.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned -1.0% so far this year. At 0.30% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.1% |
| 1 month | +0.0% |
| 3 months | -1.1% |
| 6 months | -0.7% |
| YTD | -1.0% |
| 1 year | -1.4% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat IGHG on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| ESMV iShares ESG MSCI USA Min Vol Factor ETF | 0.18% | $7904.06T | −$41K | -12bp on fee · 32207825× the assets | Head-to-head |
| USMV iShares MSCI USA Min Vol Factor ETF | 0.15% | $24.1B | −$81M | -15bp on fee · 98× the assets | Head-to-head |
| ACWV iShares MSCI Global Min Vol Factor ETF | 0.20% | $3.4B | +$155K | -10bp on fee · 14× the assets · +$155K in over the month | Head-to-head |
| EFAV iShares MSCI EAFE Min Vol Factor ETF | 0.22% | $5.5B | +$101M | -8bp on fee · 22× the assets · +$101M in over the month | Head-to-head |
| LQDH iShares Interest Rate Hedged Corporate Bond ETF | 0.23% | $540M | +$37M | -7bp on fee · 2× the assets · +$37M in over the month | Head-to-head |