iShares Global High Yield Corp Bond CHF Hedged UCITS ETF (Dist)

What this fund is

iShares Global High Yield Corp Bond CHF Hedged UCITS ETF (Dist) is an exchange-traded fund (ETF) from iShares, traded under the ticker 0Y3O (ISIN IE00B988C465). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread broadly across markets worldwide. Its largest holdings include BLK ICS USD LIQ AGENCY DIS, MERIDIAN ARC HOLDCO LLC 144A and ECHOSTAR CORP. With about 1838 holdings (the ten largest ≈ 3.7%), your money is diversified rather than concentrated in a handful of names.

Its biggest country exposures are ~59.5% United States, ~7% France and ~7% United Kingdom. Its heaviest sectors are ~19.1% Consumer Discretionary and ~16.7% Communication Services. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.55% a year — about €55 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class), and over the last year it paid out roughly 7.06% (its trailing yield).

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors, trades in CHF and is currency-hedged against exchange-rate swings. Its price has swung about 5.2% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2014. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from iShares.)