The spelling of the word "Hly Factors" can be somewhat confusing, but it can be better understood by using the International Phonetic Alphabet (IPA). The word is pronounced as [hliː ˈfæktərz]. The initial "Hly" is pronounced as "hliː", with the first syllable sounding like "lee" but with a slight "h" sound at the beginning. The "Factors" part is pronounced as "ˈfæktərz", with the stress on the first syllable and the "a" pronounced as in "cat". Overall, the correct pronunciation of "Hly Factors" is [hliː ˈfæktərz].