Fixed Income

iShares ESG Screened Euro Corporate Bond Index Fund (IE)

  • NAV as of May 22, 2024 GBP 10.46
    52 WK: 9.67 - 10.49
  • 1 Day NAV Change as of May 22, 2024 -0.01 (-0.10%)

Overview

Investment Approach

The Fund aims to achieve a total return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg Barclays Euro Aggregate Corporate Index, the Fund’s benchmark index (Index). The Fund invests in the fixed income (FI) securities (such as bonds) which predominantly make up the Index (which comprises corporate bonds) whilst employing an environmental, social and governance (“ESG”) policy as described below. The Index measures the performance of investment grade FI securities which pay income according to a fixed rate of interest. These may be issued or guaranteed by corporate issuers in the industrial, utility and financial sectors and are traded on the Eurobond and Eurozone markets (regardless of the domicile of the issuer).
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

Growth of Hypothetical 10,000

View full chart

  2019 2020 2021 2022 2023
Total Return (%) 9.73
Benchmark (%) 8.19

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021		 From
31-Mar-2021
To
31-Mar-2022		 From
31-Mar-2022
To
31-Mar-2023		 From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

- - - - 8.28
Benchmark (%)

as of Mar 31, 2024

- - - - 6.78
  1Y 3Y 5Y 10y Incept.
Total Return (%) 6.54 - - - 1.96
Benchmark (%) 5.17 - - - 0.61
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) 0.00 -0.77 -0.26 5.31 6.54 - - - 3.89
Benchmark (%) -0.40 -0.82 -0.53 4.68 5.17 - - - 1.21
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, hedged share class benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets
as of May 22, 2024
GBP 82,200,989
Share Class Inception Date
May 13, 2022
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Article 8
Ongoing Charge
0.03%
Annual Management Fee
0.00%
Minimum Initial Investment
GBP 500000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
Net Assets of Fund
as of May 22, 2024
EUR 1,568,338,843
Fund Inception Date
May 8, 2019
Base Currency
EUR
Benchmark Index
iBoxx MSCI ESG EUR Corporates
Initial Charge
0.00%
ISIN
IE00029JTMU3
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 5000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BMHJWX0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 30, 2024
2816
3y Beta
as of -
-
Modified Duration
as of Apr 30, 2024
4.48 yrs
Effective Duration
as of Apr 30, 2024
4.54 yrs
WAL to Worst
as of Apr 30, 2024
5.06 yrs
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of Apr 30, 2024
3.94%
Yield to Worst
as of Apr 30, 2024
3.88%
Weighted Avg Maturity
as of Apr 30, 2024
5.06 yrs

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Apr 30, 2024
Name Weight (%)
UBS GROUP AG MTN RegS 7.75 03/01/2029 0.18
AT&T INC 1.8 09/05/2026 0.11
BNP PARIBAS SA MTN RegS 4.125 05/24/2033 0.11
JPMORGAN CHASE & CO MTN RegS 2.875 05/24/2028 0.11
MORGAN STANLEY MTN 0.406 10/29/2027 0.11
Name Weight (%)
JPMORGAN CHASE & CO MTN RegS 1.963 03/23/2030 0.11
BANCO SANTANDER SA MTN RegS 4.875 10/18/2031 0.11
JPMORGAN CHASE & CO MTN RegS 3.761 03/21/2034 0.10
MORGAN STANLEY MTN 1.875 04/27/2027 0.10
JPMORGAN CHASE & CO MTN RegS 4.457 11/13/2031 0.10
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Flex GBP 10.46 -0.01 -0.10 May 22, 2024 10.49 9.67 IE00029JTMU3
Class Inst Acc EUR 9.24 -0.01 -0.10 May 22, 2024 9.27 8.66 IE000KDUZ5O6
Flex EUR 9.75 -0.01 -0.10 May 22, 2024 9.79 9.13 IE00BJP13018
Q Acc EUR 9.74 -0.01 -0.10 May 22, 2024 9.77 9.12 IE00BJP12Y80
Class D Acc GBP 10.10 -0.01 -0.10 May 22, 2024 10.13 9.35 IE0004CHBHI7

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek
John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature