USYH

Lyxor BofAML $ High Yield Bond UCITS ETF - Monthly Hedged to EUR - Dist

Latest NAV
90.8681 EUR
Performance YTD

0.58%

Assets Under Management
126m EUR
TER
0.4%
ISIN
LU1435356495
Dividend Policy
Distribution
Investment Objective

The Lyxor BofAML $ High Yield Bond UCITS ETF - Monthly Hedged to EUR - Dist is a UCITS compliant exchange traded fund that aims to track the benchmark index BofA Merrill Lynch US High Yield Constrained Index, offsetting the impact of monthly variations of the index local currency vs. the EUR. The EUR-hedged share class offers the simplicity of a monthly currency hedge mechanism that is embedded in the investment product, representing an efficient solution to manage the foreign-exchange risk. The Fund aims to track the performance of the BofA Merrill Lynch US High Yield Constrained Euro Hedged Index. The Index is a widely recognised benchmark for the US Dollar denominated high yield (sub-investment grade) corporate bond market in the US. Lyxor ETFs are efficient investment vehicles listed on exchange that offer transparent, liquid and low-cost exposure to the underlying benchmark index.

USYH

Lyxor BofAML $ High Yield Bond UCITS ETF - Monthly Hedged to EUR - Dist

PERFORMANCE

Performance history

Legend:

The figures relating to [past performances / simulated past performances / past performances and simulated past performances] refer or relate to past periods and are not a reliable indicator of future results. This also applies to historical market data.

Cumulative Performance

Product YTD 1M 3M 6M 1Y 3Y 5Y ALL
Lyxor BofAML $ High Yield Bond UCITS ETF - Monthly Hedged to EUR - Dist ETF 0.58% 1.4% 5.03% 7.96% 3.52% 7.81% - 14.69%
BofA Merrill Lynch US High Yield Constrained Euro Hedged Index Benchmark Index 0.62% 1.46% 5.21% 8.33% 4.23% 10.01% - 17.92%
Data as of 20/01/2021, Source: Lyxor International Asset Management

Calendar Performance

Product 2020 2019 2018 2017
Lyxor BofAML $ High Yield Bond UCITS ETF - Monthly Hedged to EUR - Dist ETF 3.51% 10.27% -5.62% 4.73%
BofA Merrill Lynch US High Yield Constrained Euro Hedged Index Benchmark Index 4.22% 11.02% -4.98% 5.43%
Data as of 20/01/2021, Source: Lyxor International Asset Management

NAV History

Date NAV Currency Fund AUM
20/01/2021 90.8681 EUR 126m EUR
19/01/2021 90.7222 EUR 126m EUR
18/01/2021 90.6602 EUR 126m EUR
15/01/2021 90.6269 EUR 126m EUR
14/01/2021 90.5754 EUR 123m EUR

Dividend History

Date Amount Currency
08/07/2020 5.8 EUR
10/07/2019 5.84 EUR
11/07/2018 6 EUR
12/07/2017 3.3 EUR

HOLDINGS

This ETF uses synthetic replication to track the performance of the index. As such, the holdings of the ETF may vary from that of the benchmark index.
You can read more about our approach to replication in our pragmatic guide to replication.

Name Currency Weight
NUMFP 7 3/8 05/01/26 USD 0.36%
S 7 7/8 09/15/23 USD 0.33%
TDG 6 1/4 03/15/26 USD 0.31%
CCL 11 1/2 04/01/23 USD 0.31%
CNC 4 5/8 12/15/29 USD 0.25%
ERI 6 1/4 07/01/25 USD 0.24%
CHTR 5 1/8 05/01/27 USD 0.23%
VRXCN 6 1/8 04/15/25 USD 0.22%
CHTR 4 3/4 03/01/30 USD 0.22%
S 6 7/8 11/15/28 USD 0.21%
Name Listing Currency Quantity Weight
T 3 1/8 05/15/48 USD 227,789 19.83%
T 2 1/2 05/15/46 USD 158,512 12.28%
T 2 7/8 05/15/28 USD 132,182 10.19%
T 2 3/4 02/15/28 USD 109,817 8.43%
T 3 02/15/49 USD 63,871 5.49%
T 2 7/8 08/15/45 USD 49,977 4.15%
T 2 1/2 02/15/46 USD 50,663 3.95%
T 3 3/4 11/15/43 USD 35,826 3.36%
JPM 0 06/18/22 USD 4,936 3.32%
T 2 1/2 02/15/45 USD 36,613 2.85%
Swap Information
Basket Adjustment The basket is daily adjusted to the fund outstanding level.
Counterparty Risk Level N/A
Swap Counterparty Société Générale
Date 19/01/2021

1 week moving average of counterparty risk level

Counterparty risk level at daily adjustment time

Swap Price Component

Although past performance is no indicator of future performance, you can get an estimation of the swap price component over the last 12 months by adding the TER to the realized Tracking Difference. the price of being long the index and short the basket of securities held by the ETF (ie. the spread applicable to the index performance provided by the swap counterparty) can be understood as the swap price component. The latter can be positive or negative, depending on the following factors: Read more

Lyxor BofAML $ High Yield Bond UCITS ETF - Monthly Hedged to EUR - Dist

1Y Tracking Difference -0.87%
Total Expense Ratio +0.4%
Swap price component estimation =-0.47%

Index Information

Full Name BofA Merrill Lynch US High Yield Constrained Euro Hedged Index
Index Type Performance
Index Bloomberg Ticker H0CE
Index Currency EUR
Number of Index Components 2030
Further Information www.mlindex.ml.com

INDEX ANALYTICS

Coupon Rate (%) 6
Yield (%) 4.17
Duration (Years) 5.12
Modified Duration (Years) 3.32
Maturity (Years) 4.48
Convexity (%) 39.6
Estimated Monthly Hedge Cost (%) 0.07
Data as of 19/01/2021

Index Composition Breakdown

Sector Breakdown

Consumer Discretionary 19.77%
Communications 16.13%
Energy 13.69%
Financials 10.66%
Materials 8.83%
Health Care 8.26%
Industrials 7.43%
Technology 6.65%
Consumer Staples 4.98%
Others 3.6%

Currency Breakdown

USD 100%

Maturity Breakdown

1-3Y 11.41%
3-5Y 28.3%
5-7Y 29.45%
7-10Y 20.66%
10-15Y 4.31%
15-25Y 3.57%
+25Y 2.13%

Ratings Breakdown

BB 54.29%
B 33.31%
CCC 11.55%
CC 0.71%
C 0.15%
D 0%

Countries Breakdown

United States 85.4%
Canada 4.46%
United Kingdom 1.64%
Italy 1.13%
Luxembourg 1.12%
France 0.96%
Germany 0.92%
Netherlands 0.81%
Multi Nationaux 0.76%
Ireland 0.43%
Panama 0.38%
Australia 0.35%
Liberia 0.28%
Cayman Islands 0.24%
Bermuda 0.2%
Finland 0.11%
Jersey 0.1%
Belgium 0.09%
Congo 0.07%
Sweden 0.06%
Denmark 0.05%
Puerto Rico 0.05%
Peru 0.04%
Macedonia 0.04%
China 0.04%
Colombia 0.04%
Norway 0.03%
Japan 0.03%
Austria 0.03%
New Zealand 0.02%
South Korea 0.02%
Marshall Islands 0.02%
Spain 0.01%
Data as of 19/01/2021, Source: Lyxor International Asset Management

CHARACTERISTICS

Main Fund Characteristics

ISIN LU1435356495
UCITS Yes
Share Class Currency EUR
Assets Under Management 125.6m EUR
Total Expense Ratio 0.4%
Dividend Treatment Distribution
EU-SD Status In Scope
Fund Type SICAV
Domicile Luxembourg
Replication Method Indirect (Swap Based)
Umbrella AUM 10,500.5m EUR
ISA Yes
SIPP Yes
German Tax Transparency Yes
Financial Year End 31/10/2021
Portfolio Managers Raphaël Dieterlen, Sebastien Foy
Swap Counterparty Société Générale
Full Property of the Assets Yes
UKFRS Yes
Inception Date 20/10/2016
Minimum Investment 1 Share

DISCLAIMER: This fund includes a risk of capital loss. Investors therefore may not recover all or part of their initial investment. The redemption value of this fund may be less than the amount initially invested. In a worst case scenario, investors could sustain the loss of their entire investment. Be sure to read carefully the Key Investor Information document, and the “risk factors” section of a fund’s performance to better understand the risks involved.

Trading Information

Exchange Ticker Bloomberg Listing Currency Currency Hedged Listing Date Dividend Policy ADV 3M ISIN Fund AUM in CCY
Borsa Italiana USYH IM EUR EUR 06/12/2016 Distribution 258,164EUR LU1435356495 126m EUR
LSE* UHYG LN GBP - 27/10/2016 Distribution 6,065GBP LU1435356149 112m GBP
LSE* USHY LN USD - 27/10/2016 Distribution 26,209USD LU1435356149 152m USD
Borsa Italiana* USHY IM EUR - 07/02/2017 Distribution 23,054EUR LU1435356149 126m EUR
Euronext* USHY FP EUR - 11/10/2016 Distribution 9,043EUR LU1435356149 126m EUR
*Related Shareclasses

Market Makers

Flow Traders
Société Générale
Data provided by relevant exchanges

Passporting Information

Sweden
Italy
UK
France
Spain
Luxembourg
Netherlands
Germany
Austria
Belgium
Chile
Data as of 20/01/2021, Source: Lyxor International Asset Management
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