USD High Yield Bond Active UCITS ETF

USD High Yield Bond Active UCITS ETF

About

USD High Yield Bond Active UCITS ETF (IE000CQMYME2) is a UCITS-compliant bond ETF tracking the ICE BofA US High Yield Constrained Index. With a TER of 0.45%, its costs are on the higher end for an ETF, reinvesting dividends. The fund holds 476 positions across 10 regions with 209M in assets, with heavy concentration — 62% in United States, 39% in corporate bonds.

ISIN
Fund Size €209.4M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Nov 2024
Base Currency USD
Index ICE BofA US High Yield Constrained Index
Asset Class Bonds
Category High Yield Bond

Costs

7.8
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%

Holdings

6.5
This fund holds 476 individual investments, offering moderate diversification compared to other ETFs.
#1
Cash and Cash Equivalent
0.02%
#2
CCO Holdings LLC / CCO Holdings Capital Corp
0.01%
#3
CCO Holdings LLC / CCO Holdings Capital Corp
0.01%
#4
1261229 BC LTD
0.01%
#5
SIRIUS XM RAD 4% Jul28
0.01%
#6
EMRLD BORROWER LP 144A
0.01%
#7
DISH DBS CORP 144A
0.01%
#8
IHEARTCOMMUNI 9.125% May29
0.01%
#9
Entegris Inc
0.01%
#10
DISH DBS CORP
0.01%

Sectors

4.9
This fund is concentrated in just a few of its 10 sectors, reducing diversification.

Regions

5.7
This fund invests across 11 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2025-12-09 — 2026-04-17).
2.0%
Volatility
-2.0%
Max Drawdown
0.12
Sharpe Ratio
0.18
Sortino Ratio
0.12
Calmar Ratio
0.18
Beta
-2.45%
Alpha (Jensen's)
0.167
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

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