Fixed Income

ID27

iShares iBonds Dec 2027 Term $ Corp UCITS ETF

  • NAV as of 10-Dec-2024 USD 109.08
    52 WK: 102.21 - 109.45
  • 1 Day NAV Change as of 10-Dec-2024 -0.02 (-0.02%)
  • NAV Total Return as of 10-Dec-2024 YTD: 4.72
  • Weighted Average YTM as of 10-Dec-2024 4.57%

Overview

WHY ID27?

  1. Provides exposure to investment grade, fixed rate, US Dollar denominated corporate bonds which mature between 01/01/2027 and 15/12/2027.
  2. It is a term of investment in the Fund that Shareholders on 31/12/2027 will have their shares redeemed without further notice or shareholder approval on 01/01/2028.
  3. Applies screens which exclude issuers that are involved in the following business lines/activities: tobacco production, nuclear weapons, civilian firearms production and controversial weapons, thermal coal, generation of thermal coal, oil sands, conventional weapons and weapons systems/components/support systems/services.

INVESTMENT OBJECTIVE

The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg MSCI December 2027 Maturity USD Corporate ESG Screened Index, the Fund’s benchmark index.

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. The benchmark index only excludes companies engaging in certain activities inconsistent with ESG criteria if such activities exceed the thresholds determined by the index provider. Investors should therefore make a personal ethical assessment of the benchmark index’s ESG screening prior to investing in the Fund. 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

Chart

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Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The value of the investments may go up or down and the investor may not get back the amount invested.

Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realise returns that are different to the NAV performance.

Source: BlackRock. Performance data is displayed on a Net Asset Value basis, in Base Currency terms (as shown in Key Facts), with net income reinvested, net of fees. Brokerage or transaction fees will apply.

This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.

  2019 2020 2021 2022 2023
Total Return (%)
Benchmark (%)
  From
30-Sep-2019
To
30-Sep-2020		 From
30-Sep-2020
To
30-Sep-2021		 From
30-Sep-2021
To
30-Sep-2022		 From
30-Sep-2022
To
30-Sep-2023		 From
30-Sep-2023
To
30-Sep-2024
Total Return (%)

as of 30-Sep-2024

- - - - 9.85
Benchmark (%)

as of 30-Sep-2024

- - - - 9.98
  1y 3y 5y 10y Incept.
Total Return (%) 6.83 - - - 7.38
Benchmark (%) 6.97 - - - 7.48
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.54 0.53 0.73 4.07 6.83 - - - 9.17
Benchmark (%) 4.65 0.55 0.75 4.13 6.97 - - - 9.31

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 USD, 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. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

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 10-Dec-2024
USD 256,576,288
Share Class launch date
06-Sep-2023
Share Class Currency
USD
Asset Class
Fixed Income
Shares Outstanding
as of 10-Dec-2024
2,352,137
ISIN
IE000I1D7D10
Securities Lending Return
-
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares V plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
30 November
Net Assets of Fund
as of 10-Dec-2024
USD 257,637,608
Fund Launch Date
06-Sep-2023
Fund Base Currency
USD
Benchmark Index
BBG MSCI December 2027 Maturity USD Corporate ESG Screened Index
Total Expense Ratio
0.12%
Use of Income
Accumulating
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
ID27 LN

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 10-Dec-2024
508
Benchmark Ticker
I37984US
3y Beta
as of -
-
Weighted Avg Coupon
as of 10-Dec-2024
3.82
Effective Duration
as of 10-Dec-2024
2.33
Benchmark Level
as of 10-Dec-2024
USD 101.62
Standard Deviation (3y)
as of -
-
Weighted Average YTM
as of 10-Dec-2024
4.57%
Weighted Avg Maturity
as of 10-Dec-2024
2.51

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 10-Dec-2024
0.00%
MSCI - Nuclear Weapons
as of 10-Dec-2024
0.00%
MSCI - Civilian Firearms
as of 10-Dec-2024
0.00%
MSCI - Tobacco
as of 10-Dec-2024
0.00%
MSCI - UN Global Compact Violators
as of 10-Dec-2024
0.00%
MSCI - Thermal Coal
as of 10-Dec-2024
0.00%
MSCI - Oil Sands
as of 10-Dec-2024
0.00%
Business Involvement Coverage
as of 10-Dec-2024
92.14%
Percentage of Fund not covered
as of 10-Dec-2024
7.86%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.58%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Poland

  • Portugal

  • Saudi Arabia

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 10-Dec-2024
Issuer Weight (%)
AMAZON.COM INC 1.98
FORD MOTOR CREDIT COMPANY LLC 1.88
TOYOTA MOTOR CREDIT CORP 1.62
APPLE INC 1.38
TORONTO-DOMINION BANK/THE 1.34
Issuer Weight (%)
ROYAL BANK OF CANADA 1.33
JOHN DEERE CAPITAL CORP 1.30
MORGAN STANLEY 1.28
AMERICAN EXPRESS COMPANY 1.25
GENERAL MOTORS FINANCIAL CO INC 1.24
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Download Holdings
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 10-Dec-2024

% of Market Value

Type Fund
as of 10-Dec-2024

% of Market Value

Type Fund
as of 10-Dec-2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Estimated Net Acquisition Yield Calculator

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (12 basis points).
The NAV (as of 10-Dec-2024) used in the calculation is USD 109.08. The value you enter should correspond to your estimated market purchase price as of 10-Dec-2024. Calculation is based on the chosen share class currency and not the chosen trading line currency.
The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in government debt securities until the liquidation of the fund. The investor's total realised yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on government debt securities is lower than the current Average Yield to Maturity for the portfolio's bonds, the realised yield to fund maturity is also expected to be lower and vice versa.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.
Please input an amount less than USD20.000

The ENA Yield metric does not include the impact of cash reinvestment rates (e.g., during the final year prior to maturity), potential losses arising from credit downgrades or defaults, or changes to the portfolio composition over time.

The Estimated Net Acquisition Yield is an annualized number. For periods less than one year, the yield adjustment will be magnified for a given change in price. This effect will increase as the fund approaches maturity.

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

Sorry, no Lending Summary data available.
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of 09-Dec-2024
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Download Collateral Snapshot
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.
Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
London Stock Exchange ID27 USD 07-Sep-2023 BRYQ790 ID27 LN ID27.L
Bolsa Institucional de Valores ID27 MXN 08-Dec-2023 BMW9VP0 ID27N MM ID27N.BIV
Xetra CEBK EUR 07-Sep-2023 BR2Q0D7 CEBK GY CEBK.DE
Nyse Euronext - Euronext Paris DI27 EUR 07-Sep-2023 BQV1RN5 DI27 FP DI27.PA
Santiago Stock Exchange ID27 USD 23-Feb-2024 BP2C3B0 ID27 ID27.SN
Santiago Stock Exchange ID27CL CLP 23-Feb-2024 BTK3N20 ID27 CL ID27CL.SN
SIX Swiss Exchange ID27 USD 10-Nov-2023 BRBXX30 ID27 SE ID27.S

Literature

Literature