Fixed Income

HYLD

iShares Global High Yield Corp Bond UCITS ETF

Overview

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.
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Performance

Performance

  • Returns

  From
30-Jun-2014
To
30-Jun-2015
From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 30-Jun-19

-6.48 0.87 11.19 1.95 5.63
Benchmark (%) Index: Markit iBoxx Global Developed Markets Liquid High Yield Capped Index

as of 30-Jun-19

-6.36 1.30 11.54 2.26 5.92
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - - - 7.91 -1.15 -6.88 11.93 10.11 -4.04
Benchmark (%) Index: Markit iBoxx Global Developed Markets Liquid High Yield Capped Index - - - - 7.73 -1.08 -6.69 12.54 10.39 -3.73

Chart

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Distributions

Record Date Ex-Date Total Distribution
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Key Facts

Key Facts

Net Assets of Share Class as of 13-Sep-19 USD 865,405,730
Net Assets of Fund as of 13-Sep-19 USD 1,118,904,250
Fund Base Currency USD
Share Class Currency USD
Fund Launch Date 13-Nov-12
Share Class Launch Date 13-Nov-12
Asset Class Fixed Income
Product Structure Physical
Domicile Ireland
Benchmark Index Markit iBoxx Global Developed Markets Liquid High Yield Capped Index
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Frequency Monthly
ISIN IE00B74DQ490
Bloomberg Ticker HYLD LN
Issuing Company iShares 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 13-Sep-19 9,141,293
Benchmark Level as of 13-Sep-19 USD 152.02
Benchmark Ticker IBXXGH11
Fiscal Year End 28-Feb-20

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Chile

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • South Africa

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 12-Sep-19
Ticker ISIN Name Name of the underlying security Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 12-Sep-19
Issuer Weight (%)
SPRINT CORP 1.78
TELECOM ITALIA SPA 1.76
HCA INC 1.64
T-MOBILE USA INC 1.44
NETFLIX INC 1.42
Issuer Weight (%)
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.35
TENET HEALTHCARE CORPORATION 1.30
DISH DBS CORP 1.29
SPRINGLEAF FINANCE CORP 1.24
UNITED RENTALS (NORTH AMERICA) INC 1.10
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

 

Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of 30-Jun-19

  • Securities Lending Return: 0.10
  • Average on-loan (% of AUM): 11.52
  • Maximum on-loan (% of AUM): 14.65
  • Collateralisation (% of Loan): 107.63
as of 12-Sep-19
Name Ticker ISIN SEDOL Location Asset Class Weight (%)
The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
~The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing basis and are subject to change.

Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 12-Sep-19

% of Market Value

Type Fund
as of 12-Sep-19

% of Market Value

Type Fund
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 12-Sep-19

% of Market Value

Type Fund
as of 12-Sep-19

% of Market Value

Type Fund
as of 12-Sep-19

% of Market Value

Type Fund
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
London Stock Exchange HYLD USD 14-Nov-12 B74DQ49 HYLD LN HYLD.L INAVYLDU HYLDUINAV.DE IE00B74DQ490 A1J7MG 20026095 - -
Deutsche Boerse Xetra IBC9 EUR 11-Feb-13 BD5NTK7 IBC9 GY IBC9.DE - - IE00B74DQ490 A1J7MG - - -
London Stock Exchange IGHY GBP 14-Nov-12 B81BLN7 IGHY LN IGHY.L INAVYLDG HYLDGINAV.DE IE00B74DQ490 A1J7MG - - -
Bolsa Mexicana De Valores HYLD MXN 22-Jun-18 BFMB4D6 HYLDN MM HYLDN.MX - - IE00B74DQ490 - - - -
Borsa Italiana HYLD EUR 05-Aug-15 BYVDZN3 HYLD IM HYLD.MI - - IE00B74DQ490 - - - -
SIX Swiss Exchange HYLD CHF 02-May-13 B95F820 HYLD SW HYLD.S INAVYLDC - IE00B74DQ490 - 20026095 - -

Literature

Literature