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iShares EUR High Yield Corp Bond UCITS ETF SEK Hedged (Acc)

(Cboe: HIGSx)

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 Euro Liquid High Yield 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 Swedish Krona 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 change, 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 Euro denominated sub-investment grade bonds. It consists of the largest and most liquid (i.e. can easily be bought and sold on the market in normal market conditions) sub-investment grade corporate bonds issued by both Eurozone and non-Eurozone issuers. Only Euro denominated bonds with a minimum amount outstanding of EUR 250 million are included in the Index. The bonds will, at the time of inclusion in the Index, be sub-investment grade, (i.e. have an average rating below investment grade but above CC). The bonds already included in the Index are not subject to a minimum time to maturity (i.e. due date for repayment). However new bonds must have a minimum time to maturity of 2 years and a maximum of 10.5 years. 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). FDIs (including FX forward contracts) may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.

About iShares

iShares is the global product leader in exchange traded funds with over 700 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost and trading flexibility. iShares ETFs can be bought and sold through a variety of different execution channels. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.

Registered Liquidity Providers

  • FlowTraders B.V.