XETRA · UCITS ETF
Invest in HYLE ETF from India
Indian and foreign residents can buy iShares Global High Yield Corp Bond UCITS ETF (HYLE) units directly through Paasa.
By Paasa · Updated
HYLE at a glance
- Price
- €4.14-€0.01 (0.15%)
- Expense ratio
- 0.55%
- Day range
- €4.13 – €4.20
- Assets
- €375.6M
- Domicile
- Ireland
- Holdings
- 2,023
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- +0.59%
- 6 months
- -4.06%
- YTD
- -6.44%
- 1 year
- -5.59%
- 5 years
- -15.59%
Price change, excluding dividends.
Top 10 holdings
- 1BLK ICS USD LEAF AGENCY DIST1.4%
- 2PARAMOUNT SKYDANCE CORP 144A 8.25% 10/15/2031 (SKYD)0.4%
- 3ECHOSTAR CORP 10.75% 11/30/2029 (ECHO)0.3%
- 4MERIDIAN ARC HOLDCO LLC 144A 6.25% 04/30/2031 (MERIDI)0.3%
- 5EUR CASH0.3%
- 6SOFTBANK GROUP CORP 144A 9.25% 04/01/2032 (SOFTBK)0.3%
- 7CCO HOLDINGS LLC 4.50% 05/01/2032 (CHTR)0.3%
- 81261229 BC LTD 144A 10.00% 04/15/2032 (BHCCN)0.3%
- 9SOFTBANK GROUP CORP 144A 9.75% 04/01/2034 (SOFTBK)0.3%
- 10ECHOSTAR CORP 6.75% 11/30/2030 (ECHO)0.3%
HYLE holds 2,023 securities in total. These 10 are 4.2% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical18.9%
- Communications16.1%
- Capital Goods9.6%
- Other8.1%
- Energy7.7%
- Healthcare7.2%
Countries
- United States60.0%
- France6.4%
- United Kingdom6.2%
- Italy3.7%
- Netherlands3.3%
- Luxembourg3.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| HYLHLSEiShares Global High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 0.55% | 239.6M |
| HYLALSEiShares Global High Yield Corp Bond UCITS ETF | 0.5% | 689.4M |
| GHYGLSEiShares Global High Yield Corp Bond UCITS ETF | 0.55% | 406.2M |
| HYLDLSEiShares Global High Yield Corp Bond UCITS ETF USD | 0.5% | 934.4M |
| HYLCSIXiShares Global High Yield Corp Bond UCITS ETF | 0.55% | 114.2M |
Assets are shown in each fund's own reporting currency.
How to invest in HYLE 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 EUR when you buy.
Step 3
Search HYLE and buy
Find the fund by its ticker, HYLE, on XETRA, and place your order.
Why invest in HYLE from India
What HYLE holds
The Fund is designed to mirror the investment returns of an underlying index, which comprises higher-yielding corporate debt instruments issued by companies located in industrialized nations.
Outside US estate tax
HYLE 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 HYLE's UCITS structure matters for Indian investors
HYLE 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 HYLE from India?
Yes. Indian residents can buy iShares Global High Yield Corp Bond UCITS ETF (HYLE) through Paasa. It is listed on XETRA and trades in EUR. 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 HYLE invest in?
iShares Global High Yield Corp Bond UCITS ETF holds 2,023 securities. Its largest holdings are BLK ICS USD LEAF AGENCY DIST (1.4%), PARAMOUNT SKYDANCE CORP 144A 8.25% 10/15/2031 (SKYD) (0.4%) and ECHOSTAR CORP 10.75% 11/30/2029 (ECHO) (0.3%). Consumer Cyclical is its largest sector at 18.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of HYLE?
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 €375.6M.
Is HYLE 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.
How are HYLE dividends taxed in India?
iShares Global High Yield Corp Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell HYLE?
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 EUR/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.