# iShares USD High Yield Corp Bond UCITS ETF EUR (IHYE)

**Page:** https://fundology.uk/fund/ihye · ISIN IE00BF3N7102

## 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, IHYE (iShares USD High Yield Corp Bond UCITS ETF EUR, ISIN IE00BF3N7102) closed at €3.75 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 price changed by −21.5% (income paid out is not included), or −38.7% after UK CPIH inflation.

## Summary

iShares USD High Yield Corp Bond UCITS ETF EUR is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the iBoxx USD Liquid High Yield Capped 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 paid out to holders as cash, usually a few times a year.

Latest close: **€3.75** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IHYE |
| ISIN | IE00BF3N7102 |
| Also listed as | IBC2 (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | iBoxx USD Liquid High Yield Capped Index |
| Income | Distributing |
| Ongoing charge | 0.55% a year (£55 per £10,000) |
| Fund size | £346m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/03/2018 |

## 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 | -12.42% | -15.52% | price only |
| 3 years | +11.82% | +1.02% | income reinvested |
| 5 years | -21.47% | -38.70% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares USD High Yield Corp Bond UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −11.1%, 2023 −0.1%, 2024 −5.6%, 2025 +5.5%; 2026 to 13/11/2026 −9.8%. Returns of iShares USD High Yield Corp Bond UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −9.9%; to 30/09/2025: +3.6%; to 30/09/2024: +1.6%; to 30/09/2023: −2.6%; to 30/09/2022: −15.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.1% | -18.7% | Price |
| 2023 | -0.1% | -4.1% | Price |
| 2024 | -5.6% | -8.8% | Price |
| 2025 | +5.5% | +1.9% | Price |
| 2026 to 13/11/2026 | -9.8% | -12.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.79% | -12.62% |
| 3 years | 6.49% | -13.00% |
| 5 years | 8.44% | -21.64% |

## Largest fall

Volatility of iShares USD High Yield Corp Bond UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year, 6.5% over 3 years, 8.4% over 5 years. Largest fall in the price of iShares USD High Yield Corp Bond UCITS ETF EUR since November 2021, in pounds: −21.1% from 10/12/2021 to 23/10/2026. The lowest 12-month return of iShares USD High Yield Corp Bond UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −16.1% (12 months to 08/07/2022); the highest was +6.2% (12 months to 19/12/2025). On 13/11/2026 the price of iShares USD High Yield Corp Bond UCITS ETF EUR was 20.9% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares USD High Yield Corp Bond UCITS ETF EUR 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

5 funds track iBoxx USD Liquid High Yield Capped Index, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.55% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD High Yield Corp Bond UCITS ETF | 0.50% | +0.4% | +13.4% | +20.1% |
| iShares USD High Yield Corp Bond UCITS ETF Acc | 0.50% | +1.3% | +14.5% | +19.6% |
| iShares USD High Yield Corp Bond UCITS ETF EUR (this fund) | 0.55% | — | +11.8% | — |
| iShares USD High Yield Corp Bond UCITS ETF GBP Hedged | 0.55% | +1.4% | +22.3% | +13.8% |
| iShares USD High Yield Corp Bond UCITS ETF MXN Hedged (Acc) | 0.55% | +2.2% | +23.7% | +70.2% |

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, IHYE holds 1,334 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 2.35% of the fund; the ten largest make up 7.7%.

### 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 | — | 2.35% |
| 2 | Cco Holdings LLC 4.50% 01/05/2032 | — | 0.72% |
| 3 | Echostar Corp 6.75% 30/11/2030 | — | 0.71% |
| 4 | CVS Health Corp NC5.25 7.00% 10/03/2055 | — | 0.70% |
| 5 | Block Inc 6.50% 15/05/2032 | — | 0.61% |
| 6 | Vodafone Group Plc 7.00% 04/04/2079 | — | 0.61% |
| 7 | Tenet Healthcare Corp 6.13% 15/06/2030 | — | 0.59% |
| 8 | Echostar Corp 10.75% 30/11/2029 | — | 0.49% |
| 9 | Paramount Skydance Corp 144A 8.25% 15/10/2031 | — | 0.46% |
| 10 | PG&E Corporation 7.38% 15/03/2055 | — | 0.45% |

## 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 | 15.8% |
| Energy | 9.7% |
| Capital Goods | 8.2% |
| Health Care | 8.0% |
| Basic Industry | 6.4% |
| Finance Companies | 6.0% |
| Electric | 4.8% |
| Other sectors | 23.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 97.7% |
| Cash and money market | 2.3% |

The 1,319 holdings on record (of 1,334 reported): https://fundology.uk/fund/ihye/holdings

## Questions people ask

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

The ongoing charge of IHYE 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 USD High Yield Corp Bond UCITS ETF EUR 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 IHYE track?**

IHYE tracks the iBoxx USD Liquid High Yield Capped Index.

**Is IHYE accumulating or distributing?**

IHYE 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 IHYE?**

The ISIN of IHYE is IE00BF3N7102. An ISIN identifies one exact share class of a fund; IHYE is its ticker on the London Stock Exchange. The same share class is also listed as IBC2 (Xetra, euros).

**What does IHYE hold?**

As of 06/11/2026, IHYE holds 1,334 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 2.35% of the fund; the ten largest make up 7.7%. Its ten largest holdings are Blk Ics USD Leaf Agency Dist (2.35%), Cco Holdings LLC 4.50% 01/05/2032 (0.72%), Echostar Corp 6.75% 30/11/2030 (0.71%), CVS Health Corp NC5.25 7.00% 10/03/2055 (0.70%), Block Inc 6.50% 15/05/2032 (0.61%), Vodafone Group Plc 7.00% 04/04/2079 (0.61%), Tenet Healthcare Corp 6.13% 15/06/2030 (0.59%), Echostar Corp 10.75% 30/11/2029 (0.49%), Paramount Skydance Corp 144A 8.25% 15/10/2031 (0.46%) and PG&E Corporation 7.38% 15/03/2055 (0.45%).

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

Calendar-year returns of IHYE in pounds (price only, income paid out not included): 2022 −11.1%, 2023 −0.1%, 2024 −5.6%, 2025 +5.5%; 2026 to 13/11/2026 −9.8%. Past performance is not a guide to future returns.

**How has IHYE done after inflation?**

Over the five years to 13/11/2026 IHYE’s price changed by −21.5% (income paid out is not included), or −38.7% 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/291745/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-eur-hedged-dist-gb-ie00bf3n7102-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ihye-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.