Morningstar

iShares € High Yield Corp Bond ESG SRI UCITS ETF EUR (Dist) EHYD

Morningstar Medalist Rating
Medalist Rating as of | See iShares Investment Hub

Morningstar’s Analysis EHYD

Will EHYD outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EHYD’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EHYD management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of EHYD’s parent organization’s priorities and whether they’re in line with investors’ interests.

Active managers retain an edge in the high-yield bond market.

Senior Principal Jose Garcia-Zarate

Jose Garcia-Zarate

Senior Principal

Summary

The high-yield bond market is comparatively illiquid and can prove particularly vulnerable to changes in the business cycle. Passive funds fully expose investors to the inherent high volatility of this market. The fee advantage relative to active peers is the key factor in their favor. However, this remains an area where experienced active managers can add value over a passive proposition.

by Jose Garcia-Zarate
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Portfolio Holdings EHYD

More EHYD Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Blk Ics Eur As Liq EnvirtlyAwrAgcyAccTo€

1.43 54M
—

Stellantis N.V 6.25%

1.05 39M
Corporate

Stellantis N.V 6.875%

0.85 32M
Corporate

Fibercop S.p.A. 5.375%

0.77 29M
Corporate

Grifols S.A. 3.875%

0.70 26M
Corporate

Organon & Co 2.875%

0.64 24M
Corporate

Fibercop S.p.A. 4.75%

0.62 23M
Corporate

Iron Mountain Inc. 4.75%

0.58 22M
Corporate

AlmavivA S.p.A. 5%

0.58 22M
Corporate

Veolia Environnement S.A. 2.5%

0.58 22M
Corporate

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