iShares plc (GHYG) Global High Yield Corp Bond UCITS ETF (Dist) Hdg

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index, the Fund’s benchmark index (Index). The Share Class also aims to reduce the impact of exchange rate fluctuations between the Fund's underlying portfolio currencies and Sterling on your returns. The Share Class, via the Fund, aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements, combined with foreign currency contracts for currency hedging. If the credit ratings of the FI securities are upgraded to investment grade or downgraded to default grade or credit ratings are withdrawn, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them. The Index measures the performance of the global developed corporate high yield debt market.The Index is market-value weighted with a 3% issuer cap and a 10% cap for both 144A bonds without registration rights or with a registration period greater than one year and issues of securities pursuant to Regulation S of the US Securities Act 1933 that are not listed on a regulated market. The maximum original time to maturity for bonds within the Index is 15 years, and the minimum time to maturity is 1.5 years for new bonds to be included. All bonds must have a minimum maturity of 1 year to remain in the Index and be rated by at least one of three rating services: Fitch Ratings, Moody's Investors Service, or Standard & Poor's Rating Services. The Index currently includes sub-investment grade corporate bonds denominated in US Dollar, Euro, Sterling and Canadian dollar (these may include securities with a relatively low credit rating or which are unrated). The Index is market capitalisation weighted. Market capitalisation is the market value of the outstanding bond issuance. The Fund uses optimising techniques to achieve a similar return to the Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets).

• Leverage -
• Currency hedgingNo

• Value Assessment review date31 March 2025
• Value Assessment next review date -
• Is Assessment of Value required under COLL?No
• Outcome of COLL Assessment of Value -
• Outcome of PRIN Value Assessment or reviewProduct expected to provide fair value for reasonably foreseeable period
• Other review related to value and or charges -
• Further information-