IE000T9NSP89Ticker: UHEB (Euronext AMS) · UHEB (SIX)Issuer: iSharesOne email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.
iShares $ High Yield Corp Bond Enhanced Active UCITS ETF is an actively managed ETF: it does not track an index — the declared index (ICE BofA US High Yield Constrained Index) is a comparison yardstick only. The declared annual cost (TER) is 0.35%, plus 0.74% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 26 million euro, was launched on 4 December 2025 and is domiciled in Ireland. In our registry 1 other ETFs declare the same index.
The Fund is actively managed and aims to provide investors with a total return, taking into account both capital growth and income returns. The Fund will invest at least 80% of its total assets in sub-investment grade (or where unrated deemed by the Investment Manager (IM) to be of an equivalent rating) (high yield) fixed income securities issued by corporate issuers (i.e. corporate bonds) in developed markets and instruments relating to such securities (namely credit default swaps, currency swaps, futures and forwards), in each case denominated in US Dollar. The Fund may also invest in government bonds, municipal bonds, sovereign and supranational debt, and instruments relating to such bonds denominated in US Dollar. The Fund may invest up to 20% of its total assets in fixed income securities (or instruments related to such securities) of issuers domiciled in emerging markets and denominated in US Dollar. Financial derivative instruments (i.e. investments the prices of which are based on one or more underlying assets) such as futures, forward contracts and swap contracts (including credit default swaps and total return swaps) may be used by the Fund for direct investment purposes or for efficient portfolio management purposes. The IM has discretion to select the Fund’s investments. Investors may use the ICE BofA US High Yield Master II Constrained Index to compare the performance of the Fund.
Keep reading the KID section ▾
The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield.
The return on your investment in the Fund is directly related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).
The depositary of the Fund is State Street Custodial Services (Ireland) Limited. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares III plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.
Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.
Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).
Insurance benefits:The Fund does not offer any insurance benefits.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 26 Feb 2026 | 27 Mar 2026 | -2.55% | 14 Apr 2026 | 47 |
| 08 May 2026 | 19 May 2026 | -0.78% | 26 May 2026 | 18 |
| 20 Apr 2026 | 29 Apr 2026 | -0.59% | 06 May 2026 | 16 |
| 16 Jul 2026 | 23 Jul 2026 | -0.58% | 04 Aug 2026 | 19 |
| 04 Jun 2026 | 05 Jun 2026 | -0.39% | 11 Jun 2026 | 7 |
| Full history | |
|---|---|
| Volatility (ann.) | 5.37% |
| Max drawdown | -2.98% |
| Sharpe | 0.63 |
| Sortino | 0.91 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.
Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.
| Fund | TER | Income | Fund size |
|---|---|---|---|
HYUS · iShares · 5 classesnot on Borsa Italiana | 0.20% | Dist. · Acc. | 1.9 mld EUR |
| Exchange | Ticker |
|---|---|
| Euronext Amsterdam | UHEB |
| SIX Swiss Exchange | UHEB |