# iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist (GHYS)

**Page:** https://fundology.uk/fund/ghys · ISIN IE00B8KQFS66

## 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, GHYS (iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist, ISIN IE00B8KQFS66) closed at £85.52 on the London Stock Exchange. Its ongoing charge is 0.55% a year (about £55 on £10,000). Over the five years to 13/11/2026 its total return was +16.7%, or −8.9% after UK CPIH inflation.

## Summary

iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist is an exchange-traded fund (ETF) from iShares, launched in 2013. It tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped IndexDiscontinued as of 09-Apr-2025. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.55% a year — about £55 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: **£85.52** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GHYS |
| ISIN | IE00B8KQFS66 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Markit iBoxx Global Developed Markets Liquid High Yield Capped IndexDiscontinued as of 09-Apr-2025 |
| Income | Distributing |
| Ongoing charge | 0.55% a year (£55 per £10,000) |
| Fund size | £126m |
| Launched | 2013 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 26/06/2013 |

## 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 | +1.71% | -1.89% | income reinvested |
| 3 years | +22.53% | +10.71% | income reinvested |
| 5 years | +16.74% | -8.88% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist in pounds (price only, income paid out not included): 2022 −13.7%, 2023 +5.5%, 2024 +0.9%, 2025 +1.6%; 2026 to 13/11/2026 −5.5%. Returns of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.0%; to 30/09/2025: +1.6%; to 30/09/2024: +6.4%; to 30/09/2023: +3.4%; to 30/09/2022: −16.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -13.7% | -21.0% | Price |
| 2023 | +5.5% | +1.3% | Price |
| 2024 | +0.9% | -2.5% | Price |
| 2025 | +1.6% | -1.9% | Price |
| 2026 to 13/11/2026 | -5.5% | -8.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.57% | -6.78% |
| 3 years | 4.91% | -8.18% |
| 5 years | 6.67% | -17.46% |

## Largest fall

Volatility of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist in pounds, annualised from weekly returns to 13/11/2026: 4.6% over 1 year, 4.9% over 3 years, 6.7% over 5 years. Largest fall in the price of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist since November 2021, in pounds: −17.5% from 31/12/2021 to 14/10/2022. The lowest 12-month return of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist in pounds (price only, income paid out not included) since January 2021 was −17.0% (12 months to 14/10/2022); the highest was +10.1% (12 months to 11/10/2024). On 13/11/2026 the price of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist was 11.8% below its highest weekly close since November 2021 (31/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global High Yield Corp Bond GBP Hedged UCITS ETF Dist 0.55% a year. Compared on 14/11/2026, 35 of the 427 other corporate and other bond funds charge more, 10 the same and 382 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.55%** per year (as of 13/11/2026)
- 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, GHYS holds 1,734 positions, according to its published holdings. The largest is Cash and other net assets at 1.46% of the fund; the ten largest make up 4.1%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and other net assets | — | 1.46% |
| 2 | Echostar Corp 10.75% 30/11/2029 | — | 0.36% |
| 3 | Meridian Arc Holdco LLC 144A 6.25% 30/04/2031 | — | 0.32% |
| 4 | 1261229 Bc Ltd 144A 10.00% 15/04/2032 | — | 0.31% |
| 5 | Paramount Skydance Corp 144A 8.25% 15/10/2031 | — | 0.29% |
| 6 | Softbank Group Corp 144A 9.25% 01/04/2032 | — | 0.29% |
| 7 | Softbank Group Corp 144A 9.75% 01/04/2034 | — | 0.29% |
| 8 | Pr Rno Property Owner 1 LLC 144A 6.50% 01/05/2031 | — | 0.27% |
| 9 | Cco Holdings LLC 4.50% 01/05/2032 | — | 0.25% |
| 10 | Mpt Operating Partnership LP / Mpt 144A 9.25% 15/02/2032 | — | 0.25% |

## 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 | 19.3% |
| Communication Services | 16.3% |
| Capital Goods | 9.8% |
| Energy | 7.5% |
| Health Care | 7.3% |
| Basic Industry | 6.0% |
| Consumer Non-Cyclical | 3.8% |
| Electric | 3.8% |
| Other sectors | 26.1% |

### By country

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

| Country | Weight |
|---|---|
| United States | 63.9% |
| France | 6.7% |
| United Kingdom | 6.4% |
| Germany | 4.3% |
| Italy | 3.6% |
| Canada | 2.7% |
| Luxembourg | 1.9% |
| Japan | 1.8% |
| Other countries | 8.6% |

### 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% |
| Equity | 0.1% |

The 1,711 holdings on record (of 1,734 reported): https://fundology.uk/fund/ghys/holdings

## Questions people ask

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

The ongoing charge of GHYS is 0.55% a year — about £55 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 Global High Yield Corp Bond GBP Hedged UCITS ETF Dist 0.55% a year. Compared on 14/11/2026, 35 of the 427 other corporate and other bond funds charge more, 10 the same and 382 less (share classes counted once).

**What does GHYS track?**

GHYS tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped IndexDiscontinued as of 09-Apr-2025.

**Is GHYS accumulating or distributing?**

GHYS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of GHYS?**

The ISIN of GHYS is IE00B8KQFS66. An ISIN identifies one exact share class of a fund; GHYS is its ticker on the London Stock Exchange.

**What does GHYS hold?**

As of 06/11/2026, GHYS holds 1,734 positions, according to its published holdings. The largest is Cash and other net assets at 1.46% of the fund; the ten largest make up 4.1%. Its ten largest holdings are Cash and other net assets (1.46%), Echostar Corp 10.75% 30/11/2029 (0.36%), Meridian Arc Holdco LLC 144A 6.25% 30/04/2031 (0.32%), 1261229 Bc Ltd 144A 10.00% 15/04/2032 (0.31%), Paramount Skydance Corp 144A 8.25% 15/10/2031 (0.29%), Softbank Group Corp 144A 9.25% 01/04/2032 (0.29%), Softbank Group Corp 144A 9.75% 01/04/2034 (0.29%), Pr Rno Property Owner 1 LLC 144A 6.50% 01/05/2031 (0.27%), Cco Holdings LLC 4.50% 01/05/2032 (0.25%) and Mpt Operating Partnership LP / Mpt 144A 9.25% 15/02/2032 (0.25%).

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

Calendar-year returns of GHYS in pounds (price only, income paid out not included): 2022 −13.7%, 2023 +5.5%, 2024 +0.9%, 2025 +1.6%; 2026 to 13/11/2026 −5.5%. Past performance is not a guide to future returns.

**How has GHYS done after inflation?**

Over the five years to 13/11/2026 GHYS’s total return was +16.7%, or −8.9% 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/253488/ishares-global-high-yield-corp-bond-gbp-hedged-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-high-yield-corp-bond-gbp-hedged-ucits-etf-dist-gb-ie00b8kqfs66-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ghys-ishares-global-high-yield-corp-bond-gbp-hedged-ucits-etf-dist-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.