iShares Global High Yield Corp Bond UCITS ETF USD Hedged (Acc)

Issuer: iShares

Asset Class: Fixed Income

TER: 55

Trading Currency: USD

Pays Income: False

Listing Date: 16 Jan 2026

Ticker: HYLH

ISIN: IE000KB8X7I9

This fund offers targeted exposure to the global high-yield corporate bond market, focusing on debt issued by companies in developed countries. It aims to replicate the performance of a benchmark index comprising sub-investment-grade corporate bonds, providing investors with a vehicle to access higher-yielding debt securities from a diverse range of sectors and regions. This specific share class is designed to mitigate currency risk by hedging its non-base currency exposures back to its main denomination, offering a more stable return profile for investors concerned about foreign exchange fluctuations.

The portfolio consists of hundreds of individual bonds issued by corporations in developed economies such as the United States, Canada, and Western European nations. These high-yield, or 'junk,' bonds typically offer higher interest payments compared to investment-grade bonds to compensate for their increased credit risk and potential for default. The fund's diversified nature helps to spread this risk across numerous issuers, industries, and geographies. By employing a physical replication method, the fund holds the underlying bonds directly, providing transparent and direct exposure to the asset class.

This investment may be suitable for individuals seeking to enhance the income-generating potential of their portfolios and who possess a higher tolerance for risk compared to those investing solely in government or investment-grade corporate debt. The potential for higher returns from high-yield bonds can serve as a valuable complement to a traditional fixed-income allocation. Given its global scope and currency-hedged strategy, it appeals to those looking for international bond exposure while minimizing the impact of currency volatility on their investment returns.