Fixed Income

SKUK

iShares $ Sukuk UCITS ETF

Overview

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.

Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies. Shari'ah funds generally do not pay interest and are prohibited from investing in businesses that are considered unlawful under Islamic principles. As a result, they may perform differently from other funds that do not follow Islamic principles. 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.

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

Distributions

Record Date Ex-Date Payable Date
View full table
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Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 04-Nov-2024
USD 39,945,765
Share Class launch date
17-Jan-2024
Share Class Currency
USD
Asset Class
Fixed Income
Shares Outstanding
as of 04-Nov-2024
7,705,000
ISIN
IE000929U2U9
Use of Income
Distributing
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares II plc
Administrator
BNY Mellon Fund Services (Ireland) Designated Activity Company
Fiscal Year End
31 October
Net Assets of Fund
as of 04-Nov-2024
USD 39,945,765
Fund Launch Date
17-Jan-2024
Fund Base Currency
USD
Benchmark Index
J.P. Morgan EM Aggregate Sukuk Index
Total Expense Ratio
0.40%
Distribution Frequency
Semi-Annual
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
The Bank of New York Mellon SA/NV, Dublin Branch
Bloomberg Ticker
SKUK NA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 01-Nov-2024
139
Benchmark Ticker
JPEIEMAS
Standard Deviation (3y)
as of -
-
Weighted Average YTM
as of 01-Nov-2024
5.27%
Weighted Avg Maturity
as of 01-Nov-2024
4.75
Benchmark Level
as of 04-Nov-2024
USD 136.87
12 Month Trailing Dividend Distribution Yield
as of 01-Nov-2024
-
3y Beta
as of -
-
Weighted Avg Coupon
as of 01-Nov-2024
4.77
Effective Duration
as of 01-Nov-2024
3.91

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 21-Sep-2024
BB
MSCI ESG Quality Score (0-10)
as of 21-Sep-2024
4.24
Fund Lipper Global Classification
as of 21-Sep-2024
Bond USD
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Sep-2024
1,628.72
MSCI ESG % Coverage
as of 21-Sep-2024
70.50
MSCI ESG Quality Score - Peer Percentile
as of 21-Sep-2024
1.76
Funds in Peer Group
as of 21-Sep-2024
227
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Sep-2024
32.00
All data is from MSCI ESG Fund Ratings as of 21-Sep-2024, based on holdings as of 31-Aug-2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

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 01-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 01-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 01-Nov-2024
0.00%
MSCI - Tobacco
as of 01-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 01-Nov-2024
0.00%
MSCI - Thermal Coal
as of 01-Nov-2024
0.00%
MSCI - Oil Sands
as of 01-Nov-2024
0.00%

Business Involvement Coverage
as of 01-Nov-2024
31.80%
Percentage of Fund not covered
as of 01-Nov-2024
68.20%
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 0.00%.

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

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Saudi Arabia

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 01-Nov-2024
Issuer Weight (%)
KSA SUKUK LTD 8.28
PERUSAHAAN PENERBIT SURAT BERHARGA SYARIAH NEGARA INDONESIA III 7.84
ISDB TRUST SERVICES NO 2 SARL 7.45
HAZINE MUSTESARLIGI VARLIK KIRALAMA AS 7.05
SA GLOBAL SUKUK LTD 4.63
Issuer Weight (%)
SHARJAH SUKUK PROGRAMME LTD 4.35
SUCI SECOND INVESTMENT COMPANY 4.28
DIB SUKUK LTD 3.97
CBB INTERNATIONAL SUKUK PROGRAMME COMPANY WLL 3.47
DP WORLD CRESCENT LTD 2.97
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
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 01-Nov-2024

% of Market Value

Type Fund
as of 01-Nov-2024

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 01-Nov-2024

% of Market Value

Type Fund
as of 01-Nov-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.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Euronext Amsterdam SKUK USD 18-Jan-2024 BPWCS60 SKUK NA SKUK.AS
SIX Swiss Exchange SKUK USD 30-Apr-2024 BPG5P08 SKUK SE SKUK.S

Literature

Literature