IVVVF

The iShares $ Short Duration High Yield Corporate Bond UCITS ETF (IVVVF) is an exchange-traded fund designed to provide exposure to short-duration U.S. dollar-denominated high-yield corporate bonds. The ETF is managed by BlackRock through its iShares division and operates under the UCITS structure domiciled in Ireland.

Classified as an international short-duration high-yield corporate bond ETF, the fund seeks to reflect, before fees and expenses, the performance of the Markit iBoxx USD Liquid High Yield 0-5 Capped Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes U.S. dollar-denominated corporate bonds issued by below-investment-grade companies with shorter-term maturities.

Diversification and sector exposure

IVVVF provides exposure primarily associated with:

• High-yield corporate bonds.
• Below-investment-grade corporate credit.
• Short-duration corporate bonds.
• Global U.S. dollar credit markets.
• Credit spreads.
• International corporate debt issuers.
• U.S. short-term interest rates.
• High-yield fixed income.

The ETF’s performance is particularly sensitive to corporate-credit-market conditions, credit spreads, and changes in Federal Reserve monetary policy.

Because the fund holds shorter-duration bonds, its interest-rate sensitivity is generally lower compared to longer-maturity high-yield ETFs. Even so, economic deterioration, rising corporate default risk, and shifts in financial-market liquidity may directly affect the ETF’s behavior.

Structure and costs

IVVVF shares trade across international markets through the iShares UCITS structure. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. IVVVF may distribute income derived from interest payments generated by the corporate bonds held within the portfolio.

Because the ETF maintains exposure to high-yield corporate credit, its performance may exhibit significant sensitivity to global credit-market conditions and investor risk perception.

History and evolution of the ETF

The iShares $ Short Duration High Yield Corporate Bond UCITS ETF was launched in 2013 during a period marked by growing global demand for corporate fixed-income strategies with lower duration exposure.

Since inception, the fund has reflected movements associated with global U.S. dollar high-yield credit markets, including changes in U.S. interest rates, fluctuations in credit spreads, and developments in corporate-financing conditions.

In recent years, IVVVF has reflected Federal Reserve tightening cycles, changes in the U.S. yield curve, and volatility across global high-yield corporate-credit markets.

Additional Information

iShares $ Short Duration High Yield Corporate Bond UCITS ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $-.

Over the past 12 months, iShares $ Short Duration High Yield Corporate Bond UCITS ETF recorded a return of -, with its price trading between $0.00 and $90.43 during the same period.

The ETF is traded under the ticker IVVVF.