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iShares $ Short Duration High Yield Corp Bond UCITS ETF USD (Acc)
iShares $ Short Duration High Yield Corp Bond UCITS ETF USD (Acc) is an exchange-traded fund domiciled in Ireland and managed by BlackRock. It seeks to track the performance of the Markit iBoxx USD Liquid High Yield 0-5 Capped Index, which comprises liquid, US Dollar-denominated high yield corporate bonds with maturities of up to five years. The ETF invests in fixed-rate bonds issued by companies in industrials, utilities, and financial sectors, rated below investment grade by S&P, Moody's, or Fitch, using a representative sampling methodology for physical replication. Key characteristics include a weighted average maturity of 2.45 years, effective duration of 1.98 years, and yield to maturity around 5.92%, with over 1,170 holdings for diversification. As an accumulating share class in USD, it reinvests income without distributions. Launched in 2013, it provides investors with targeted exposure to short-duration, sub-investment grade corporate debt, emphasizing liquidity and sector breadth in the global fixed income market.