iShares USD Short Duration Corporate Bond UCITS ETF EUR Hedged (Acc)

iShares USD Short Duration Corporate Bond UCITS ETF EUR Hedged (Acc) is an accumulating exchange-traded fund that tracks the Markit iBoxx USD Liquid Investment Grade 0-5 Index, providing exposure to US dollar-denominated investment grade corporate bonds with maturities between 0 and 5 years. Launched on October 25, 2023, by BlackRock and domiciled in Ireland, it employs a physical sampling methodology to replicate the benchmark, holding approximately 2,912 bonds primarily from financial institutions like JPMorgan Chase, Bank of America, and Morgan Stanley, alongside industrials and utilities. Key portfolio characteristics include a weighted average maturity of 2.34 years, effective duration of 2.14 years, and yield to maturity of 4.19%, offering diversified short-term fixed income exposure across sectors. The EUR hedging mitigates currency fluctuations between the USD portfolio and euro-denominated shares, with a total expense ratio of 0.25% and net assets around 51 million EUR for the share class. As a UCITS-compliant product, it emphasizes liquidity and investment grade credit quality, rated by S&P, Moody's, and Fitch, playing a role in fixed income portfolios seeking lower interest rate sensitivity and stable income reinvestment.