# iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP (DHYG)

**Page:** https://fundology.uk/fund/dhyg · ISIN IE0003NVF3Y3

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, DHYG (iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP, ISIN IE0003NVF3Y3) closed at £4.08 on the London Stock Exchange. Its ongoing charge is 0.27% a year (about £27 on £10,000). Over the five years to 13/11/2026 its total return was +8.5%, or −15.3% after UK CPIH inflation.

## Summary

iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2021. It tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.27% a year — about £27 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£4.08** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | DHYG |
| ISIN | IE0003NVF3Y3 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index |
| Income | Distributing |
| Ongoing charge | 0.27% a year (£27 per £10,000) |
| Fund size | £106m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/09/2021 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +1.23% | -2.36% | income reinvested |
| 3 years | +23.82% | +11.87% | income reinvested |
| 5 years | +8.48% | -15.32% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP in pounds (price only, income paid out not included): 2022 −18.7%, 2023 +3.9%, 2024 +0.7%, 2025 +1.0%; 2026 to 13/11/2026 −4.9%. Returns of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −7.3%; to 30/09/2025: +0.2%; to 30/09/2024: +7.1%; to 30/09/2023: +0.8%; to 30/09/2022: −18.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -18.7% | -25.6% | Price |
| 2023 | +3.9% | -0.2% | Price |
| 2024 | +0.7% | -2.7% | Price |
| 2025 | +1.0% | -2.5% | Price |
| 2026 to 13/11/2026 | -4.9% | -8.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.39% | -7.23% |
| 3 years | 6.08% | -7.82% |
| 5 years | 7.86% | -20.05% |

## Largest fall

Volatility of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 5.4% over 1 year, 6.1% over 3 years, 7.9% over 5 years. Largest fall in the price of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP since November 2021, in pounds: −20.0% from 24/12/2021 to 20/10/2023. The lowest 12-month return of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP in pounds (price only, income paid out not included) since September 2021 was −18.8% (12 months to 14/10/2022); the highest was +9.6% (12 months to 18/10/2024). On 13/11/2026 the price of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP was 18.5% below its highest weekly close since November 2021 (24/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP 0.27% a year. Compared on 14/11/2026, 170 of the 427 other corporate and other bond funds charge more, 3 the same and 254 less (share classes counted once).

## Funds tracking the same index

3 funds track Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.27% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares II PLC - iShares EUR High Yield Corp Bond ESG SRI UCITS ETF Accum Shs Hedged GBP | 0.27% | +1.3% | — | — |
| iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP (this fund) | 0.27% | +1.2% | +23.8% | +8.5% |
| iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF Accum USD | 0.25% | +1.1% | +15.8% | +17.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.27%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, DHYG holds 970 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 1.72% of the fund; the ten largest make up 6.4%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Blk Ics USD Leaf Agency Dist | — | 1.72% |
| 2 | 1261229 Bc Ltd 144A 10.00% 15/04/2032 | — | 0.88% |
| 3 | Softbank Group Corp 144A 9.25% 01/04/2032 | — | 0.61% |
| 4 | Softbank Group Corp 144A 9.75% 01/04/2034 | — | 0.61% |
| 5 | Centene Corporation 4.63% 15/12/2029 | — | 0.45% |
| 6 | Galaxy Helios Data Centers II LLC 144A 9.88% 01/08/2031 | — | 0.45% |
| 7 | Nexstar Media Inc 144A 6.50% 15/09/2033 | — | 0.44% |
| 8 | Wulf Compute LLC 144A 7.75% 15/10/2030 | — | 0.44% |
| 9 | Transdigm Inc 144A 6.75% 31/01/2035 | — | 0.42% |
| 10 | Paramount Skydance Corp 144A 8.25% 15/10/2031 | — | 0.41% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Consumer Cyclical | 19.5% |
| Communication Services | 18.0% |
| Capital Goods | 11.2% |
| Health Care | 9.9% |
| Basic Industry | 7.0% |
| Finance Companies | 5.5% |
| Consumer Non-Cyclical | 5.4% |
| Insurance | 3.0% |
| Other sectors | 20.6% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 98.3% |
| Cash and money market | 1.7% |

The 969 holdings on record (of 970 reported): https://fundology.uk/fund/dhyg/holdings

## Questions people ask

**What is the ongoing charge of DHYG?**

The ongoing charge of DHYG is 0.27% a year — about £27 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares II PLC - iShares USD High Yield Corp Bond ESG SRI UCITS ETF - Shs Hedged GBP 0.27% a year. Compared on 14/11/2026, 170 of the 427 other corporate and other bond funds charge more, 3 the same and 254 less (share classes counted once).

**What does DHYG track?**

DHYG tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index.

**Is DHYG accumulating or distributing?**

DHYG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of DHYG?**

The ISIN of DHYG is IE0003NVF3Y3. An ISIN identifies one exact share class of a fund; DHYG is its ticker on the London Stock Exchange.

**What does DHYG hold?**

As of 06/11/2026, DHYG holds 970 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 1.72% of the fund; the ten largest make up 6.4%. Its ten largest holdings are Blk Ics USD Leaf Agency Dist (1.72%), 1261229 Bc Ltd 144A 10.00% 15/04/2032 (0.88%), Softbank Group Corp 144A 9.25% 01/04/2032 (0.61%), Softbank Group Corp 144A 9.75% 01/04/2034 (0.61%), Centene Corporation 4.63% 15/12/2029 (0.45%), Galaxy Helios Data Centers II LLC 144A 9.88% 01/08/2031 (0.45%), Nexstar Media Inc 144A 6.50% 15/09/2033 (0.44%), Wulf Compute LLC 144A 7.75% 15/10/2030 (0.44%), Transdigm Inc 144A 6.75% 31/01/2035 (0.42%) and Paramount Skydance Corp 144A 8.25% 15/10/2031 (0.41%).

**What were DHYG’s returns in each of the last five years?**

Calendar-year returns of DHYG in pounds (price only, income paid out not included): 2022 −18.7%, 2023 +3.9%, 2024 +0.7%, 2025 +1.0%; 2026 to 13/11/2026 −4.9%. Past performance is not a guide to future returns.

**How has DHYG done after inflation?**

Over the five years to 13/11/2026 DHYG’s total return was +8.5%, or −15.3% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/320487/ishares-high-yield-corp-bond-esg-sri-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-high-yield-corp-bond-esg-sri-ucits-etf-gbp-hedged-dist-gb-ie0003nvf3y3-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/dhyg-ishares-high-yield-corp-bond-esg-sri-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.