ISHARES GLOBAL HIGH YIELD CORP BOND CHF HEDGED UCITS ETF (DIST., CHF) 0Y3O.GB

The fund aims to deliver returns through a combination of income and capital growth by tracking the performance of a global index of high-yield (sub-investment grade) corporate bonds issued in developed markets.

It uses a passive index-tracking strategy based on the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index. The benchmark applies a cap to weightings and includes only bonds with certain credit ratings, with a time to maturity requirement (new bonds at least 1.5 years, existing ones at least 1 year) and an upper limit on original maturity (15 years).

The fund also employs one-month foreign exchange forward contracts to hedge non-Swiss-Franc currency exposures back to Swiss Francs in line with the index's methodology. This product invests in the fixed income asset class, specifically global high yield corporate bonds across sectors (such as industrials, utilities, financials), with exposure to developed market issuers.

It tracks sub-investment grade bonds, meaning those rated below investment grade, reflecting elevated credit risk. It uses a sampled physical replication methodology, rather than holding every bond in the index, and follows an environmental disclosure classification under SFDR. The fund is structured as a UCITS compliant ETF domiciled in Ireland, managed by BlackRock Asset Management Ireland Limited and issued by iShares VI plc.

It is regulated under European investment fund rules. The base currency of the fund is Swiss Francs, and it is part of iShares' fixed income offerings.