HYLA's largest holdings are BLK ICS USD LEAF AGENCY DIST, MPT OPERATING PARTNERSHIP LP / MPT 144A, MERIDIAN ARC HOLDCO LLC 144A, ECHOSTAR CORP, CCO HOLDINGS LLC. The full top list is on this page.

How concentrated is HYLA?

The top 10 holdings are 3.7% of the fund, across 2,034 positions.

The total expense ratio on record is 0.50%. That is cheaper than 5% of the 1,362 European UCITS bond funds we track.

UCITS · Ireland · Accumulating

HYLA IE00BYWZ0440

Global high-yield corporate bonds from developed markets

ISHARES GLOBAL HIGH YIELD CORP BOND UCITS ETF

2B7G · HYEA · ISCBF · BlackRock (iShares)

2,034 holdings as of 2026-10-09 · top 10 = 3.7% · TER 0.50%

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Concentration

Well diversifiedtop 10 = 3.7%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

2,034

as of 2026-10-09

Top 10

3.7%

TER

0.50%

cheaper than 5% of peers

Net assets

US$660M

reported in USD

Largest

1.1%

P / E

–

Sections

Holdings as of 2026-10-09.

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

USD

Domicile

Ireland

Structure

Open-ended

First listed

2017-10-19

Volatility 1Y

5.8%

Tracked index

iBoxx Global Developed Markets Liquid High Yield Capped (USD) Index (USD)

How it tracks

Physical, optimised

Risk rating

3 of 7

Lends its stock

Yes

02Performance

market price return · as of 2026-10-16

-2.0%

-2.1%

-2.9%

YTD

-1.7%

-0.2%

Trackingfund minus iBoxx Global Developed Markets Liquid High Yield Capped (USD) Index (USD) · annualised

1Y return gap

-0.19 pp/yr

3Y return gap

-0.30 pp/yr

5Y return gap

-0.33 pp/yr

3Y tracking error

0.13%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

03Holdings

50 largest · as of 2026-10-09

#	Company	Identifier	Weight
1	BLK ICS USD LEAF AGENCY DIST IE	-	1.1
2	MPT OPERATING PARTNERSHIP LP / MPT 144A US	MPW	0.5
3	MERIDIAN ARC HOLDCO LLC 144A US	MERIDI	0.4
4	ECHOSTAR CORP US	SATS	0.3
5	CCO HOLDINGS LLC US	CHTR	0.3
6	PR RNO PROPERTY OWNER 1 LLC 144A US	TRACTD	0.3
7	1261229 BC LTD 144A US	BHCCN	0.3
8	CVS HEALTH CORP NC5.25 US	CVS	0.2
9	GALAXY HELIOS DATA CENTERS II LLC 144A US	GALHLI	0.2
10	SV RNO PROPERTY OWNER 1 LLC 144A US	TRACTC	0.2
11	WULF COMPUTE LLC 144A US	WULF	0.2
12	CORE SCIENTIFIC FINANCE I LLC 144A US	CORZ	0.2
13	OAK EAGLE ACQUIRECO INC 144A US	EA	0.2
14	EUR CASH Supranational	EUR	0.2
15	APLD COMPUTECO LLC 144A US	APLD	0.2
16	GRIFOLS SA RegS ES	GRFSM	0.2
17	ASURION LLC 144A US	ASUCOR	0.2
18	CARRIX INC 144A US	CARRIX	0.2
19	CD&R FIREFLY BIDCO PLC RegS GB	MOTFUE	0.2
20	CSDC FINANCE I LLC 144A US	CLSPRK	0.2
21	BEACH ACQUISITION BIDCO LLC 144A US	SKX	0.1
22	VOLTAGRID LLC 144A US	VOLTAG	0.1
23	BLACK PEARL COMPUTE LLC 144A US	BLKPRL	0.1
24	BAYER AG NC8.25 RegS DE	BAYNGR	0.1
25	ALMAVIVA THE ITALIAN INNOVATION CO RegS IT	ALMAIN	0.1
26	ROSSINI SARL RegS IT	ROSINI	0.1
27	ORGANON & CO RegS US	OGN	0.1
28	PANTHER ESCROW ISSUER LLC 144A US	TIHLLC	0.1
29	FLORA FOOD MANAGMENT BV RegS NL	SIGHCO	0.1
30	APLD COMPUTECO 2 LLC 144A US	PFORGE	0.1
31	BELL TELEPHONE COMPANY (NC10.5) CA	BCECN	0.1
32	VODAFONE GROUP PLC 60NC10 RegS GB	VOD	0.1
33	SLEEP COUNTRY CANADA HOLDINGS INC RegS CA	ZZZCN	0.1
34	GAINWELL ACQUISITION CORP 144A US	GAINAC	0.1
35	ZENITH ARC LLC 144A US	ZENARC	0.1
36	HILTON DOMESTIC OPERATING COMPANY US	HLT	0.1
37	CONNECT HOLDING II LLC 144A US	BSPEED	0.1
38	BLOCK INC US	XYZ	0.1
39	CIPHER COMPUTE LLC 144A US	CIFR	0.1
40	COREWEAVE INC RegS US	CRWV	0.1
41	BELL TELEPHONE COMPANY (NC5.5) CA	BCECN	0.1
42	BOYD GAMING CORPORATION US	BYD	0.1
43	BAYER AG NC8 RegS DE	BAYNGR	0.1
44	MPT FINANCE CORP RegS US	MPW	0.1
45	AMBER FINCO PLC RegS GB	AMBRFN	0.1
46	EDGE FINCO PLC RegS GB	EDFINC	0.1
47	BAYER AG NC8.5 RegS DE	BAYNGR	0.1
48	SOFIMA HOLDING SPA RegS IT	IMAIM	0.1
49	APLD COMPUTECO 3 LLC 144A US	ELNFOR	0.1
50	PUNCH FINANCE PLC RegS GB	PUBLN	0.1

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04Exposure

Bonds 98.7%Cash 1.1%

By country

USUnited States62.9%

GBUnited Kingdom6.6%

FRFrance6.6%

DEGermany4.2%

ITItaly4.1%

CACanada2.8%

LULuxembourg1.9%

JPJapan1.8%

CurrencyUSD 62.9% EUR 22.9% GBP 6.8% CAD 2.8% JPY 1.8%

Issuer's scenario analysisaverage return per year over 3 years

Stress

-13.7%

Unfavourable

-3.7%

Moderate

+3.3%

Favourable

+13.1%

06Where it trades

7 exchanges

Exchange	MIC	Listed since
London Stock Exchange	XLON	2017-10-23
Börse München	MUNB	2017-11-03
Börse Hamburg	HAMN	2021-02-15
Tradegate	XGAT	2024-11-27
Börse Hannover	HAND	2024-12-09
Börse Düsseldorf	DUSB	2025-05-20
SIX Swiss Exchange	XSWX	–

Also admitted to 27 other venues, mostly multilateral trading facilities and regional segments.

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