Global High Yield Corporate Bond Multi-Factor Active UCITS ETF

Global High Yield Corporate Bond Multi-Factor Active UCITS ETF

About

Global High Yield Corporate Bond Multi-Factor Active UCITS ETF (IE00BL0BLZ15) is a UCITS-compliant bond ETF tracking the ICE BofA Global High Yield Index. With a TER of 0.35%, it is moderately priced, reinvesting dividends. The fund holds 250 positions across 18 regions with 284M in assets.

ISIN
Fund Size €284.3M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Feb 2020
Base Currency USD
Index ICE BofA Global High Yield Index
Asset Class Bonds
Category High Yield Bond

Costs

7.1
This fund has moderate costs compared to similar ETFs.

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%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

5.8
This fund holds 250 individual investments, offering moderate diversification compared to other ETFs.
#1
Cash and Cash Equivalent
0.04%
#2
888 ACQUISITIONS LTD RegS
0.01%
#3
PROG HOLDINGS 6% Nov29
0.01%
#4
LOTTOMATICA GROUP SPA RegS
0.01%
#5
B3 SA BRASIL BOLSA BALCAO RegS
0.01%
#6
GESTAMP AUTOMOCION SA RegS
0.01%
#7
ATLANTICUS HOLDINGS CORP 144A
0.01%
#8
HTA GROUP LTD 144A
0.01%
#9
ENDEAVOUR MINING PLC RegS
0.01%
#10
PRA GROUP EUR 6.25% Sep32
0.01%

Sectors

8.7
This fund is well-diversified across 11 sectors, with no single sector dominating.

Regions

7.8
This fund is well-diversified across 19 countries, closely matching the global market.

Nerd Stuff

Advanced risk and return metrics (2023-06-04 — 2026-04-17).
2.1%
Volatility
-3.6%
Max Drawdown
1.07
Sharpe Ratio
1.70
Sortino Ratio
0.63
Calmar Ratio
0.20
Beta
0.52%
Alpha (Jensen's)
0.203
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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