SIX Swiss Exchange · UCITS ETF
Invest in HYLC ETF from India
Indian and foreign residents can buy iShares Global High Yield Corp Bond UCITS ETF (HYLC) units directly through Paasa.
By Paasa · Updated
HYLC at a glance
- Price
- CHF 5.43-CHF 0.01 (0.09%)
- Expense ratio
- 0.55%
- Day range
- CHF 5.42 – CHF 5.45
- Assets
- CHF 104.1M
- Domicile
- Ireland
- Holdings
- 2,033
- Launched
- 2019
- Dividends
- —
- 1 month
- -2.75%
- 6 months
- +0.31%
- YTD
- -2.92%
- 1 year
- -2.75%
- 5 years
- -1.33%
Price change, excluding dividends.
Top 10 holdings
- 1BLK ICS USD LEAF AGENCY DIST1.5%
- 2EUR CASH1.3%
- 3MPT OPERATING PARTNERSHIP LP / MPT 144A 9.25% 02/15/2032 (MPW)0.5%
- 4ECHOSTAR CORP 10.75% 11/30/2029 (ECHO)0.4%
- 5MERIDIAN ARC HOLDCO LLC 144A 6.25% 04/30/2031 (MERIDI)0.3%
- 6CCO HOLDINGS LLC 4.50% 05/01/2032 (CHTR)0.3%
- 7PR RNO PROPERTY OWNER 1 LLC 144A 6.50% 05/01/2031 (TRACTD)0.3%
- 8ECHOSTAR CORP 6.75% 11/30/2030 (ECHO)0.3%
- 91261229 BC LTD 144A 10.00% 04/15/2032 (BHCCN)0.3%
- 10CVS HEALTH CORP NC5.25 7.00% 03/10/2055 (CVS)0.2%
HYLC holds 2,033 securities in total. These 10 are 5.4% of the fund.
Where the money is invested
Sectors
- Utilities92.7%
- Real Estate7.3%
Countries
- United States54.9%
- France6.7%
- United Kingdom6.5%
- Other6.4%
- Italy4.0%
- Luxembourg3.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| HYLALSEiShares Global High Yield Corp Bond UCITS ETF | 0.5% | 655.5M |
| HYLHLSEiShares Global High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 0.55% | 302.5M |
| GHYGLSEiShares Global High Yield Corp Bond UCITS ETF | 0.55% | 371.9M |
| HYLEXETRAiShares Global High Yield Corp Bond UCITS ETF | 0.55% | 377.4M |
| HYLDLSEiShares Global High Yield Corp Bond UCITS ETF USD | 0.5% | 918.3M |
Assets are shown in each fund's own reporting currency.
How to invest in HYLC from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CHF when you buy.
Step 3
Search HYLC and buy
Find the fund by its ticker, HYLC, on the SIX Swiss Exchange, and place your order.
Why invest in HYLC from India
What HYLC holds
This investment vehicle aims to replicate the returns of an underlying index, which is comprised of high-yielding corporate debt securities issued by companies in developed economies.
Outside US estate tax
HYLC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why HYLC's UCITS structure matters for Indian investors
HYLC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy HYLC from India?
Yes. Indian residents can buy iShares Global High Yield Corp Bond UCITS ETF (HYLC) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does HYLC invest in?
iShares Global High Yield Corp Bond UCITS ETF holds 2,033 securities. Its largest holdings are BLK ICS USD LEAF AGENCY DIST (1.5%), EUR CASH (1.3%) and MPT OPERATING PARTNERSHIP LP / MPT 144A 9.25% 02/15/2032 (MPW) (0.5%). Utilities is its largest sector at 92.7%. The fund is domiciled in Ireland.
What is the expense ratio of HYLC?
iShares Global High Yield Corp Bond UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 104.1M.
Is HYLC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Global High Yield Corp Bond UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell HYLC?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the CHF/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.