Fixed Income

iShares ESG Screened Global Corporate Bond Index Fund (IE)

  • NAV as of May 22, 2024 SGD 10.38
  • 1 Day NAV Change as of May 22, 2024 -0.01 (-0.12%)

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) which reflects the return of the Bloomberg Barclays Global Aggregate Corporate Index (the Index). The Fund is passively managed and the investment manager (IM) has discretion to select the Fund’s investments and in doing so may take into consideration the Index. The Fund invests in fixed income (FI) securities (such as bonds) that make up the Index whilst employing an environmental, social and governance (“ESG”) policy as described below. The Index measures the performance of fixed rate and fixed-to-floating rate investment grade FI securities with at least one year to final maturity issued by corporate issuers in the industrial, utility and financial sectors on a global basis. The Index is a market capitalisation weighted index and rebalances on a monthly basis.
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. Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investment. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.

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

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This chart has been left intentionally blank as there is less than one year's performance data.
  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

- - - - -
Benchmark (%)

as of Mar 31, 2024

- - - - -
  1Y 3Y 5Y 10y Incept.
Total Return (%) - - - - -
Benchmark (%) - - - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) -2.40 -2.05 -2.21 5.68 - - - - 2.26
Benchmark (%) -3.02 -2.28 -2.46 6.88 - - - - 2.28
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 SGD, hedged share class benchmark performance is displayed in USD.

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
SGD 41,722,025
Share Class Inception Date
Jul 27, 2023
Share Class Currency
SGD
Asset Class
Fixed Income
Index Ticker
LGCPTRUU
Initial Charge
0.00%
ISIN
IE000H2D8E66
Performance Fee
0.00%
Minimum Subsequent Investment
SGD 5000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BIEGBCD
Net Assets of Fund
as of May 22, 2024
USD 1,822,672,446
Fund Inception Date
Feb 12, 2020
Base Currency
USD
Benchmark Index
BBG Global Aggregate Corporate Index
SFDR Classification
Article 8
Ongoing Charge
0.14%
Annual Management Fee
0.11%
Minimum Initial Investment
SGD 150000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMFF9T5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 30, 2024
1
3y Beta
as of -
-
Modified Duration
as of Apr 30, 2024
5.91 yrs
Effective Duration
as of Apr 30, 2024
5.91 yrs
WAL to Worst
as of Apr 30, 2024
8.53 yrs
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of Apr 30, 2024
5.32%
Yield to Worst
as of Apr 30, 2024
5.27%
Weighted Avg Maturity
as of Apr 30, 2024
8.53 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 (%)
GLCORPESG COMMON POOL 100.02
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 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
Class D Acc Hedged SGD 10.38 -0.01 -0.12 May 22, 2024 10.51 9.60 IE000H2D8E66
Class D Dist Hedged AUD 9.84 -0.01 -0.11 May 22, 2024 10.12 9.25 IE000Y1LWY25
Flex Dist EUR hedged EUR 8.29 -0.01 -0.12 May 22, 2024 8.54 7.81 IE00058C1MX3
Class Q Acc Hedged EUR 9.37 -0.01 -0.12 May 22, 2024 9.48 8.67 IE00BJN4RJ97
Class D Acc GBP Hedged GBP 9.13 -0.01 -0.11 May 22, 2024 9.19 8.38 IE000PKMKVX7
Class Flexible Acc Hedged GBP 9.17 -0.01 -0.11 May 22, 2024 9.23 8.42 IE00BJN4S634
Class D Dist Hedged GBP 8.41 -0.01 -0.11 May 22, 2024 8.61 7.86 IE00BJN4RF59
Class D Acc Hedged EUR 9.05 -0.01 -0.12 May 22, 2024 9.16 8.37 IE00BJN4RG66
Class Flexible Acc Hedged EUR 8.91 -0.01 -0.12 May 22, 2024 9.01 8.24 IE00BMC44015
Class Inst Acc USD 9.51 -0.02 -0.19 May 22, 2024 9.66 8.66 IE00BJN4RH73
Class Inst Acc Hedged GBP 9.12 -0.01 -0.11 May 22, 2024 9.18 8.38 IE00BP2C1Z01
Class Flexible Acc USD 8.84 -0.02 -0.19 May 22, 2024 8.98 8.05 IE00BNDQ8C32

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature