iShares Global High Yield Corp Bond UCITS ETF (HYLDz)

Overview

The iShares Public Limited Company - iShares Global High Yield Corp Bond UCITS ETF represents an exchange-traded fund (ETF) initiative designed and managed by the renowned BlackRock Asset Management Ireland Limited. With its inception dated back to November 13, 2012, and having its domicile in Ireland, this ETF is a concerted effort co-managed by a consortium of BlackRock's global entities namely BlackRock Advisors (UK) Limited, Blackrock Financial Management Inc., and BlackRock (Singapore) Limited. This fund is primarily focused on engaging with the fixed income markets of developed countries around the world, offering investors a diversified portfolio that spans across high-yield corporate bonds denominated in major currencies including the US Dollar, Euro, Sterling, and Canadian Dollar. Initially known by the name iShares Public Limited Company - iShares Global High Yield Bond, it has meticulously rebranded to better reflect its offering and market positioning. Its investment strategy predominantly targets fixed-rate corporate bonds issued by entities from various sectors like industrial, utilities, and financial companies, with a stipulated minimum time to maturity of 1.5 years. The underlying premise of this fund is to mirror the performance of the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index through a representative sampling methodology.

Products and Services

The iShares Global High Yield Corp Bond UCITS ETF provides a distinct set of investment opportunities, detailed as follows:

• Investment in Fixed Income Markets: The fund capitalizes on the fixed income markets of developed nations globally, offering investors a platform to access diversified high yield corporate bonds.
• Corporate Bonds Investment: It specifically invests in fixed-rate corporate bonds that are denominated in the world's leading currencies such as the US Dollar, Euro, Sterling, and Canadian Dollar. These bonds are issued by companies across the industrial, utilities, and financial sectors, ensuring a broad exposure within the high yield segment.
• High Yield Securities: The targeted securities fall within the high yield spectrum, rated between BB+ and C by Standard & Poor's, Ba1 and Ca by Moody's, and BB+ and CCC by Fitch. This categorization encompasses a significant range of investment-grade to non-investment-grade bonds, aimed at providing a balance between risk and return.
• Replicating the Markit iBoxx Index: The ETF endeavors to replicate the performance of the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index. This is achieved through a representative sampling methodology, which involves selecting securities that collectively mimic the index's performance, structure, and risk-return profile.