# iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP (HYSD) **Page:** https://fundology.uk/fund/hysd · ISIN IE000IIOOR48 ## 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, HYSD (iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP, ISIN IE000IIOOR48) closed at £4.66 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the three years to 13/11/2026 its total return was +9.0%, or −1.5% after UK CPIH inflation. ## Summary iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP is an exchange-traded fund (ETF) from iShares, launched in 2022. It tracks the ICE BofA US High Yield Constrained. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.22% a year — about £22 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: **£4.66** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HYSD | | ISIN | IE000IIOOR48 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | ICE BofA US High Yield Constrained | | Income | Distributing | | Ongoing charge | 0.22% a year (£22 per £10,000) | | Fund size | £198m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/08/2022 | ## 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 | +1.78% | -1.83% | income reinvested | | 3 years | +8.98% | -1.54% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP in pounds (price only, income paid out not included): 2023 +5.4%, 2024 +0.1%, 2025 +0.1%; 2026 to 13/11/2026 −8.5%. Returns of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.1%; to 30/09/2025: −0.5%; to 30/09/2024: +6.6%; to 30/09/2023: +1.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +5.4% | +1.2% | Price | | 2024 | +0.1% | -3.3% | Price | | 2025 | +0.1% | -3.3% | Price | | 2026 to 13/11/2026 | -8.5% | -11.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.53% | -9.19% | | 3 years | 6.11% | -9.35% | ## Largest fall Volatility of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.1% over 3 years. Largest fall in the price of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP since August 2022, in pounds: −9.4% from 06/12/2024 to 23/10/2026. The lowest 12-month return of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP in pounds (price only, income paid out not included) since August 2022 was −8.1% (12 months to 23/10/2026); the highest was +8.8% (12 months to 18/10/2024). On 13/11/2026 the price of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP was 8.9% below its highest weekly close since August 2022 (06/12/2024), in pounds. ## Charges compared with similar funds Ongoing charge of iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP 0.22% a year. Compared on 14/11/2026, 221 of the 427 other corporate and other bond funds charge more, 1 the same and 205 less (share classes counted once). ## Funds tracking the same index 2 funds track ICE BofA US High Yield Constrained, this one included and share classes counted once; their ongoing charges range from 0.22% to 0.25% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP (this fund) | 0.22% | +1.8% | +9.0% | — | | iShares Broad USD High Yield Corp Bond UCITS ETF Unhedged USD | 0.25% | +1.6% | +1.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.22%** 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, HYSD holds 1,906 positions, according to its published holdings. The largest is 1261229 Bc Ltd 144A 10.00% 15/04/2032 at 0.43% of the fund; the ten largest make up 3.2%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | 1261229 Bc Ltd 144A 10.00% 15/04/2032 | — | 0.43% | | 2 | Paramount Skydance Corp 144A 8.25% 15/10/2031 | — | 0.38% | | 3 | Echostar Corp 10.75% 30/11/2029 | — | 0.36% | | 4 | Meridian Arc Holdco LLC 144A 6.25% 30/04/2031 | — | 0.36% | | 5 | Softbank Group Corp 144A 9.75% 01/04/2034 | — | 0.30% | | 6 | Softbank Group Corp 144A 9.25% 01/04/2032 | — | 0.29% | | 7 | Cloud Software Group LLC 144A 6.50% 31/03/2029 | — | 0.28% | | 8 | Pr Rno Property Owner 1 LLC 144A 6.50% 01/05/2031 | — | 0.28% | | 9 | Quikrete Holdings Inc 144A 6.38% 01/03/2032 | — | 0.28% | | 10 | Blk Ics USD Leaf Agency Dist | — | 0.27% | ## 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 | 17.6% | | Communication Services | 14.2% | | Energy | 11.6% | | Capital Goods | 10.3% | | Health Care | 7.0% | | Basic Industry | 6.5% | | Finance Companies | 4.5% | | Insurance | 3.8% | | Other sectors | 24.6% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.7% | | Cash and money market | 0.3% | The 1,879 holdings on record (of 1,906 reported): https://fundology.uk/fund/hysd/holdings ## Questions people ask **What is the ongoing charge of HYSD?** The ongoing charge of HYSD is 0.22% a year — about £22 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 Broad USD High Yield Corp Bond UCITS ETF -Hedge- GBP 0.22% a year. Compared on 14/11/2026, 221 of the 427 other corporate and other bond funds charge more, 1 the same and 205 less (share classes counted once). **What does HYSD track?** HYSD tracks the ICE BofA US High Yield Constrained. **Is HYSD accumulating or distributing?** HYSD 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 HYSD?** The ISIN of HYSD is IE000IIOOR48. An ISIN identifies one exact share class of a fund; HYSD is its ticker on the London Stock Exchange. **What does HYSD hold?** As of 06/11/2026, HYSD holds 1,906 positions, according to its published holdings. The largest is 1261229 Bc Ltd 144A 10.00% 15/04/2032 at 0.43% of the fund; the ten largest make up 3.2%. Its ten largest holdings are 1261229 Bc Ltd 144A 10.00% 15/04/2032 (0.43%), Paramount Skydance Corp 144A 8.25% 15/10/2031 (0.38%), Echostar Corp 10.75% 30/11/2029 (0.36%), Meridian Arc Holdco LLC 144A 6.25% 30/04/2031 (0.36%), Softbank Group Corp 144A 9.75% 01/04/2034 (0.30%), Softbank Group Corp 144A 9.25% 01/04/2032 (0.29%), Cloud Software Group LLC 144A 6.50% 31/03/2029 (0.28%), Pr Rno Property Owner 1 LLC 144A 6.50% 01/05/2031 (0.28%), Quikrete Holdings Inc 144A 6.38% 01/03/2032 (0.28%) and Blk Ics USD Leaf Agency Dist (0.27%). **What were HYSD’s returns in each of the last five years?** Calendar-year returns of HYSD in pounds (price only, income paid out not included): 2023 +5.4%, 2024 +0.1%, 2025 +0.1%; 2026 to 13/11/2026 −8.5%. Past performance is not a guide to future returns. **How has HYSD done after inflation?** Over the three years to 13/11/2026 HYSD’s total return was +9.0%, or −1.5% 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/329158/ishares-broad-high-yield-corp-bond-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-broad-high-yield-corp-bond-ucits-etf-gbp-hedged-dist-gb-ie000iioor48-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/hysd-ishares-broad-high-yield-corp-bond-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.