Fixed Income

iShares Euro Credit Bond Index Fund (IE)

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. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

-1.05 0.16 6.65 0.31 0.01
Benchmark (%)

as of Sep 30, 2021

-1.00 0.08 6.56 0.21 0.01
  1Y 3Y 5Y 10y Incept.
-1.19 2.06 1.26 3.13 3.45
Benchmark (%)

as of Oct 31, 2021

-1.24 1.99 1.20 3.08 3.40
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-1.88 -0.57 -1.74 -1.19 6.31 6.44 36.16 71.60
Benchmark (%)

as of Oct 31, 2021

-1.89 -0.62 -1.77 -1.24 6.08 6.16 35.49 70.23
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.

Key Facts

Key Facts

Size of Fund (Millions) as of Dec 2, 2021 EUR 1,711.142
Fund Inception Date Dec 1, 2005
Share Class Inception Date Dec 1, 2005
12m Trailing Yield -
Number of Holdings as of Oct 29, 2021 4331
Base Currency Euro
Asset Class Fixed Income
Morningstar Category EUR Corporate Bond
Benchmark Index FTSE EuroBIG ex Domestic Treasury Index
SFDR Classification Other
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.03%
ISIN IE0005032192
Bloomberg Ticker BAREUBD
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 0503219
Bloomberg Benchmark Ticker EZNBIFTTHP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 500000
Minimum Subsequent Investment EUR 5000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Nov 30, 2021 3.86
3y Beta as of Oct 31, 2021 0.984
5y Volatility - Benchmark as of Nov 30, 2021 3.12
5y Beta as of Oct 31, 2021 0.987

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 5, 2021 AA
MSCI ESG Quality Score (0-10) as of Nov 5, 2021 7.97
MSCI ESG Quality Score - Peer Percentile as of Nov 5, 2021 34.36
MSCI ESG % Coverage as of Nov 5, 2021 95.76
Fund Lipper Global Classification as of Nov 5, 2021 Bond EUR Corporates
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 5, 2021 102.45
Funds in Peer Group as of Nov 5, 2021 291
All data is from MSCI ESG Fund Ratings as of Nov 5, 2021, based on holdings as of May 31, 2021. 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% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

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 Oct 29, 2021 0.00%
MSCI - UN Global Compact Violators as of Oct 29, 2021 0.80%
MSCI - Nuclear Weapons as of Oct 29, 2021 0.18%
MSCI - Thermal Coal as of Oct 29, 2021 0.03%
MSCI - Civilian Firearms as of Oct 29, 2021 0.00%
MSCI - Oil Sands as of Oct 29, 2021 0.00%
MSCI - Tobacco as of Oct 29, 2021 0.49%

Business Involvement Coverage as of Oct 29, 2021 77.42%
Percentage of Fund not covered as of Oct 29, 2021 22.58%
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 0.23% and for Oil Sands 1.35%.

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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Euro Credit Bond Index Fund (IE), Flex, as of Nov 30, 2021 rated against 1133 EUR Corporate Bond Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 29, 2021
Name Weight (%)
EUROPEAN UNION MTN RegS 0 07/04/2031 0.36
KFW MTN RegS 0 04/02/2024 0.35
EUROPEAN UNION RegS 0 07/06/2026 0.24
EUROPEAN FINANCIAL STABILITY FACIL RegS 0 04/19/2024 0.24
CAISSE AMORTISSEMENT DE LA DETTE S RegS 0 11/25/2026 0.24
Name Weight (%)
EUROPEAN INVESTMENT BANK MTN 0.375 07/16/2025 0.21
KFW 0.125 02/24/2023 0.21
EUROPEAN UNION RegS 0.45 07/04/2041 0.20
EUROPEAN UNION RegS 0 10/04/2030 0.20
EUROPEAN FINANCIAL STABILITY FACIL RegS 0 01/20/2031 0.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Flex EUR Accumulating 24.50 0.07 0.27 24.83 24.27 24.46 IE0005032192 24.54 -
D EUR Accumulating 10.77 0.03 0.27 10.92 10.67 10.75 IE00BD0NC698 10.79 -
Inst EUR Accumulating 23.75 0.06 0.27 24.09 23.54 23.70 IE0031080645 23.79 -
Inst EUR Annual 10.36 0.03 0.27 10.64 10.27 10.34 IE00B1N7Z987 10.38 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature