# iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP (SDHB) **Page:** https://fundology.uk/fund/sdhb · ISIN IE0004MNX2U1 ## 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, SDHB (iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP, ISIN IE0004MNX2U1) closed at £4.87 on the London Stock Exchange. Its ongoing charge is 0.47% a year (about £47 on £10,000). Over the year to 13/11/2026 its total return was +1.3%, or −2.3% after UK CPIH inflation. ## Summary iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2025. It tracks the Markit iBoxx USD Liquid High Yield 0-5 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 0.47% a year — about £47 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: **£4.87** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SDHB | | ISIN | IE0004MNX2U1 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | Markit iBoxx USD Liquid High Yield 0-5 Capped Index | | Income | Distributing | | Ongoing charge | 0.47% a year (£47 per £10,000) | | Fund size | £186m | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 25/07/2025 | ## 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 | +1.25% | -2.34% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2026 to 13/11/2026 −3.8%. Returns of iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -3.8% | -6.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.42% | -5.75% | ## Largest fall Volatility of iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.4% over 1 year. Largest fall in the price of iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP since August 2025, in pounds: −5.7% from 05/12/2025 to 23/10/2026. On 13/11/2026 the price of iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP was 5.5% below its highest weekly close since August 2025 (05/12/2025), in pounds. ## Charges compared with similar funds Ongoing charge of iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP 0.47% a year. Compared on 14/11/2026, 71 of the 427 other corporate and other bond funds charge more, 0 the same and 356 less (share classes counted once). ## Funds tracking the same index 3 funds track Markit iBoxx USD Liquid High Yield 0-5 Capped Index, this one included and share classes counted once; their ongoing charges range from 0.45% to 0.47% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP (this fund) | 0.47% | +1.3% | — | — | | iShares USD Short Duration High Yield Corp Bond UCITS ETF | 0.45% | +1.3% | +11.7% | +25.7% | | iShares USD Short Duration High Yield Corp Bond UCITS ETF USD | 0.45% | +2.2% | +12.8% | +25.2% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.47%** per year (as of 09/10/2026) - 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, SDHB holds 1,147 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 1.56% of the fund; the ten largest make up 8.3%. ### 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 | — | 1.56% | | 2 | Icahn Enterprises LP 5.25% 15/05/2027 | — | 1.07% | | 3 | Transdigm Inc 4.63% 15/01/2029 | — | 0.87% | | 4 | PG&E Corporation 5.00% 01/07/2028 | — | 0.75% | | 5 | Hilton Domestic Operating Company 4.88% 15/01/2030 | — | 0.74% | | 6 | Mpt Operating Partnership LP / Mpt 144A 9.25% 15/02/2032 | — | 0.73% | | 7 | Tenet Healthcare Corp 6.13% 15/06/2030 | — | 0.68% | | 8 | Ball Corporation 6.00% 15/06/2029 | — | 0.66% | | 9 | Mgm Resorts International 6.13% 15/09/2029 | — | 0.64% | | 10 | Tenet Healthcare Corp 4.38% 15/01/2030 | — | 0.63% | ## 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 | 23.0% | | Communication Services | 9.4% | | Energy | 9.3% | | Capital Goods | 8.3% | | Finance Companies | 7.9% | | Health Care | 6.7% | | Basic Industry | 6.4% | | Reits | 4.8% | | Other sectors | 24.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 98.4% | | Cash and money market | 1.6% | The 1,129 holdings on record (of 1,147 reported): https://fundology.uk/fund/sdhb/holdings ## Questions people ask **What is the ongoing charge of SDHB?** The ongoing charge of SDHB is 0.47% a year — about £47 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 IV PLC - iShares USD Short Duration High Yield Corp Bond UCITS ETF Hedged GBP 0.47% a year. Compared on 14/11/2026, 71 of the 427 other corporate and other bond funds charge more, 0 the same and 356 less (share classes counted once). **What does SDHB track?** SDHB tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. **Is SDHB accumulating or distributing?** SDHB 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 SDHB?** The ISIN of SDHB is IE0004MNX2U1. An ISIN identifies one exact share class of a fund; SDHB is its ticker on the London Stock Exchange. **What does SDHB hold?** As of 06/11/2026, SDHB holds 1,147 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 1.56% of the fund; the ten largest make up 8.3%. Its ten largest holdings are Blk Ics USD Leaf Agency Dist (1.56%), Icahn Enterprises LP 5.25% 15/05/2027 (1.07%), Transdigm Inc 4.63% 15/01/2029 (0.87%), PG&E Corporation 5.00% 01/07/2028 (0.75%), Hilton Domestic Operating Company 4.88% 15/01/2030 (0.74%), Mpt Operating Partnership LP / Mpt 144A 9.25% 15/02/2032 (0.73%), Tenet Healthcare Corp 6.13% 15/06/2030 (0.68%), Ball Corporation 6.00% 15/06/2029 (0.66%), Mgm Resorts International 6.13% 15/09/2029 (0.64%) and Tenet Healthcare Corp 4.38% 15/01/2030 (0.63%). **What were SDHB’s returns in each of the last five years?** Calendar-year returns of SDHB in pounds (price only, income paid out not included): 2026 to 13/11/2026 −3.8%. Past performance is not a guide to future returns. **How has SDHB done after inflation?** Over the year to 13/11/2026 SDHB’s total return was +1.3%, or −2.3% 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/344761/ishares-short-duration-high-yield-corp-bond-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-short-duration-high-yield-corp-bond-ucits-etf-gbp-hedged-dist-gb-ie0004mnx2u1-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/sdhb-ishares-short-duration-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.