# iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating (HYGU)

**Page:** https://fundology.uk/fund/hygu · ISIN IE00BF3NC260

## 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, HYGU (iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating, ISIN IE00BF3NC260) closed at $7.38 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 +25.3%, or −2.2% after UK CPIH inflation.

## Summary

iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the Markit iBoxx Euro Liquid High Yield Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.55% 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$7.38** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HYGU |
| ISIN | IE00BF3NC260 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Markit iBoxx Euro Liquid High Yield Index |
| Income | Accumulating |
| Ongoing charge | 0.55% a year (£55 per £10,000) |
| Fund size | £160m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/11/2017 |

## 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 | +2.48% | -1.15% | income reinvested |
| 3 years | +14.25% | +3.22% | income reinvested |
| 5 years | +25.33% | -2.17% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating in pounds (price, with income reinvested in the fund): 2022 +4.1%, 2023 +7.4%, 2024 +9.9%, 2025 −1.3%; 2026 to 13/11/2026 +3.6%. Returns of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.8%; to 30/09/2025: +7.0%; to 30/09/2024: +2.8%; to 30/09/2023: +1.4%; to 30/09/2022: +8.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +4.1% | -4.7% | Price |
| 2023 | +7.4% | +3.2% | Price |
| 2024 | +9.9% | +6.1% | Price |
| 2025 | -1.3% | -4.7% | Price |
| 2026 to 13/11/2026 | +3.6% | +0.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.89% | -3.44% |
| 3 years | 6.07% | -8.00% |
| 5 years | 7.19% | -8.00% |

## Largest fall

Volatility of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year, 6.1% over 3 years, 7.2% over 5 years. Largest fall in the price of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating since November 2021, in pounds: −8.0% from 17/01/2025 to 27/06/2025. The lowest 12-month return of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating in pounds (price, with income reinvested in the fund) since January 2021 was −3.8% (12 months to 30/01/2026); the highest was +13.0% (12 months to 17/02/2023). On 13/11/2026 the price of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating was 0.5% below its highest weekly close since November 2021 (26/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating 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).

## Funds tracking the same index

6 funds track Markit iBoxx Euro Liquid High Yield Index, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.67% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Euro High Yield Corp Bond UCITS ETF -Hedged- GBP | 0.55% | +2.9% | +9.0% | — |
| iShares Euro High Yield Corp Bond UCITS ETF Accum EUR | 0.50% | -4.1% | +12.6% | +10.5% |
| iShares Euro High Yield Corp Bond UCITS ETF EUR | 0.50% | -4.0% | +12.6% | +10.3% |
| iShares Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating (this fund) | 0.55% | +2.5% | +14.2% | +25.3% |
| Multi Units Luxembourg SICAV - Amundi Core EUR High Yield Bond -UCITS ETF GBP Hedged- Capitalisation | 0.67% | — | — | — |
| Xtrackers II EUR HIGH YIELD CORPORATE BOND UCITS ETF (DR) Distribution 1D | 0.20% | -3.9% | +12.7% | +11.0% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.55%** 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, HYGU holds 665 positions, according to its published holdings. The largest is Blk Leaf Fund Agency Acc T0 at 1.61% of the fund; the ten largest make up 5.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Blk Leaf Fund Agency Acc T0 | — | 1.61% |
| 2 | ASSEMBLIN CAVERION GROUP AB RegS 5.61% 05/10/2033 | — | 0.44% |
| 3 | COREWEAVE INC RegS 8.50% 15/07/2032 | — | 0.43% |
| 4 | FIBERCOP SPA RegS 5.38% 15/04/2031 | — | 0.41% |
| 5 | GRIFOLS SA RegS 3.88% 15/10/2028 | — | 0.40% |
| 6 | UNITED GROUP BV RegS 5.76% 31/01/2033 | — | 0.40% |
| 7 | ZF EUROPE FINANCE BV MTN RegS 7.00% 12/06/2030 | — | 0.39% |
| 8 | CAB SELAS RegS 7.75% 09/08/2031 | — | 0.38% |
| 9 | VMED O2 UK FINANCING I PLC RegS 5.63% 15/04/2032 | — | 0.37% |
| 10 | BOND US BIDCO 1/2/3/G1/2 RegS | — | 0.36% |

## 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 | 23.8% |
| Communication Services | 14.9% |
| Capital Goods | 10.2% |
| Basic Industry | 8.0% |
| Health Care | 7.7% |
| Consumer Non-Cyclical | 4.8% |
| Transportation | 4.7% |
| Industrial Other | 3.9% |
| Other sectors | 22.0% |

### By country

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

| Country | Weight |
|---|---|
| France | 18.6% |
| Italy | 16.9% |
| United States | 13.6% |
| Germany | 11.1% |
| United Kingdom | 9.1% |
| Luxembourg | 5.1% |
| Netherlands | 4.0% |
| Sweden | 2.6% |
| Other countries | 19.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 98.1% |
| Cash and money market | 1.8% |

The 656 holdings on record (of 665 reported): https://fundology.uk/fund/hygu/holdings

## Questions people ask

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

The ongoing charge of HYGU 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 Euro High Yield Corp Bond UCITS ETF Hedged USD Accumulating 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 HYGU track?**

HYGU tracks the Markit iBoxx Euro Liquid High Yield Index.

**Is HYGU accumulating or distributing?**

HYGU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of HYGU?**

The ISIN of HYGU is IE00BF3NC260. An ISIN identifies one exact share class of a fund; HYGU is its ticker on the London Stock Exchange.

**What does HYGU hold?**

As of 06/11/2026, HYGU holds 665 positions, according to its published holdings. The largest is Blk Leaf Fund Agency Acc T0 at 1.61% of the fund; the ten largest make up 5.2%. Its ten largest holdings are Blk Leaf Fund Agency Acc T0 (1.61%), ASSEMBLIN CAVERION GROUP AB RegS 5.61% 05/10/2033 (0.44%), COREWEAVE INC RegS 8.50% 15/07/2032 (0.43%), FIBERCOP SPA RegS 5.38% 15/04/2031 (0.41%), GRIFOLS SA RegS 3.88% 15/10/2028 (0.40%), UNITED GROUP BV RegS 5.76% 31/01/2033 (0.40%), ZF EUROPE FINANCE BV MTN RegS 7.00% 12/06/2030 (0.39%), CAB SELAS RegS 7.75% 09/08/2031 (0.38%), VMED O2 UK FINANCING I PLC RegS 5.63% 15/04/2032 (0.37%) and BOND US BIDCO 1/2/3/G1/2 RegS (0.36%).

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

Calendar-year returns of HYGU in pounds (price, with income reinvested in the fund): 2022 +4.1%, 2023 +7.4%, 2024 +9.9%, 2025 −1.3%; 2026 to 13/11/2026 +3.6%. Past performance is not a guide to future returns.

**How has HYGU done after inflation?**

Over the five years to 13/11/2026 HYGU’s total return was +25.3%, or −2.2% 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/291744/ishares-high-yield-corp-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-high-yield-corp-bond-ucits-etf-usd-hedged-acc-gb-ie00bf3nc260-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/hygu-ishares-high-yield-corp-bond-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.