Fixed Income

DHYD

iShares $ High Yield Corp Bond ESG UCITS ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information:Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. Non-investment grade fixed income securities are more sensitive to changes in interest rates and present greater ‘Credit Risk’ than higher rated fixed income securities. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investment. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Performance

Performance

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Distributions

Record Date Ex-Date Total Distribution
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  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of 30.Sep.2021

- - - - 9.65
Benchmark (%)

as of 30.Sep.2021

- - - - 10.44
  1y 3y 5y 10y Incept.
8.86 - - - 6.12
Benchmark (%)

as of 31.Oct.2021

9.72 - - - 6.91
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.30 -0.34 0.09 2.02 8.86 - - - 12.24
Benchmark (%)

as of 31.Oct.2021

3.93 -0.27 0.27 2.36 9.72 - - - 13.86
  2016 2017 2018 2019 2020
Total Return (%) - - - - 6.29
Benchmark (%) - - - - 7.13
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realise returns that are different to the NAV performance

Key Facts

Key Facts

Net Assets of Share Class as of 26.Nov.2021 USD 311,036,310
Net Assets of Fund as of 26.Nov.2021 USD 1,483,883,188
Fund Base Currency USD
Share Class Currency USD
Fund Launch Date 12.Nov.2019
Share Class Launch Date 20.Nov.2019
Asset Class Fixed Income
Total Expense Ratio 0.25%
Ongoing Charges Figures 0.25%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Compliant Yes
Benchmark Index Bloomberg MSCI US Corporate High Yield Sustainable BB+ SRI Bond Index
SFDR Classification Article 8
Distribution Frequency Semi-Annual
Securities Lending Return -
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Seeking
Rebalance Frequency Monthly
ISIN IE00BKF09C98
Bloomberg Ticker DHYD NA
Issuing Company iShares II plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 26.Nov.2021 61,395,019
Number of Holdings as of 25.Nov.2021 1,123
Benchmark Level as of 26.Nov.2021 USD 116.81
Benchmark Ticker I35047US
Distribution Yield as of 25.Nov.2021 4.23
Weighted Avg Coupon as of 25.Nov.2021 5.34%
Fiscal Year End 31 October
Effective Duration as of 25.Nov.2021 4.42
Weighted Avg Maturity as of 25.Nov.2021 5.39
Weighted Average YTM as of 25.Nov.2021 4.16%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 05.Nov.2021 A
MSCI ESG Quality Score (0-10) as of 05.Nov.2021 6.84
MSCI ESG Quality Score - Peer Percentile as of 05.Nov.2021 98.97
MSCI ESG % Coverage as of 05.Nov.2021 98.12
Fund Lipper Global Classification as of 05.Nov.2021 Bond USD High Yield
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05.Nov.2021 148.56
Funds in Peer Group as of 05.Nov.2021 390
All data is from MSCI ESG Fund Ratings as of 05.Nov.2021, based on holdings as of 30.Sep.2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 25.Nov.2021 0.00%
MSCI - UN Global Compact Violators as of 25.Nov.2021 0.00%
MSCI - Nuclear Weapons as of 25.Nov.2021 0.00%
MSCI - Thermal Coal as of 25.Nov.2021 0.00%
MSCI - Civilian Firearms as of 25.Nov.2021 0.00%
MSCI - Oil Sands as of 25.Nov.2021 0.00%
MSCI - Tobacco as of 25.Nov.2021 0.00%

Business Involvement Coverage as of 25.Nov.2021 56.85%
Percentage of Fund not covered as of 25.Nov.2021 43.15%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 25.Nov.2021
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 25.Nov.2021
Issuer Weight (%)
KRAFT HEINZ FOODS CO 2.72
CENTENE CORPORATION 1.88
TENET HEALTHCARE CORPORATION 1.79
CSC HOLDINGS LLC 1.65
BAUSCH HEALTH COMPANIES INC 1.62
Issuer Weight (%)
HCA INC 1.56
T-MOBILE USA INC 1.38
TRANSDIGM INC 1.34
SPRINT CORP 1.27
ONEMAIN FINANCE CORP 1.17
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 25.Nov.2021

% of Market Value

Type Fund Benchmark Net
as of 25.Nov.2021

% of Market Value

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of 25.Nov.2021

% of Market Value

Type Fund Benchmark Net
as of 25.Nov.2021

% of Market Value

Type Fund Benchmark Net
as of 25.Nov.2021

% of Market Value

Type Fund Benchmark Net
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
Euronext Amsterdam DHYD USD 22.Nov.2019 BK6NCY0 DHYD NA DHYD.AS - - IE00BKF09C98 A2PNJM 48854751 - -

Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.