Fixed Income

iShares US Corporate Bond Index Fund (IE)

Overview

Important Information: Capital at Risk. 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. 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 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. 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 a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund.
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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
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

5.18 5.55 -1.71 13.20 9.39
Benchmark (%)

as of Dec 31, 2020

5.17 5.70 -1.67 13.03 9.41
  1Y 3Y 5Y 10y Incept.
5.93 6.67 5.85 4.87 5.15
Benchmark (%)

as of Jan 31, 2021

5.76 6.69 5.89 4.89 5.21
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-1.10 -1.10 1.77 5.93 21.39 32.89 60.83 93.68
Benchmark (%)

as of Jan 31, 2021

-1.02 -1.02 1.82 5.76 21.45 33.12 61.20 95.18
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

Net Assets as of Feb 26, 2021 USD 108,011,164
Net Assets of Fund as of Feb 26, 2021 USD 1,316,613,449
Base Currency USD
Share Class Currency USD
Fund Inception Date Sep 1, 2000
Share Class Inception Date Nov 27, 2007
12m Trailing Yield -
Number of Holdings as of Jan 29, 2021 4266
Asset Class Fixed Income
Morningstar Category USD Corporate Bond
Benchmark Index FTSE Euro Dollar Bond Index
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.15%
ISIN IE00B1W4R501
Bloomberg Ticker BARUSCI
Annual Management Fee 0.12%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B1W4R50
Bloomberg Benchmark Ticker SBEID
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 500000
Minimum Subsequent Investment USD 50000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jan 31, 2021 6.01
3y Beta as of Jan 31, 2021 0.991
5y Volatility - Benchmark as of Jan 31, 2021 5.13
5y Beta as of Jan 31, 2021 0.991

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 Feb 5, 2021 A
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 5.78
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 43.12
MSCI ESG % Coverage as of Feb 5, 2021 98.49
Fund Lipper Global Classification as of Feb 5, 2021 Bond USD Corporates
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 271.63
Funds in Peer Group as of Feb 5, 2021 269
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Sep 30, 2020. 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 Jan 29, 2021 1.18%
MSCI - UN Global Compact Violators as of Jan 29, 2021 2.47%
MSCI - Nuclear Weapons as of Jan 29, 2021 0.83%
MSCI - Thermal Coal as of Jan 29, 2021 0.00%
MSCI - Civilian Firearms as of Jan 29, 2021 0.21%
MSCI - Oil Sands as of Jan 29, 2021 0.32%
MSCI - Tobacco as of Jan 29, 2021 1.05%

Business Involvement Coverage as of Jan 29, 2021 87.00%
Percentage of Fund not covered as of Jan 29, 2021 13.00%
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 0.67% and for Oil Sands 1.93%.

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
Overall Morningstar Rating for iShares US Corporate Bond Index Fund (IE), Inst, as of Feb 28, 2021 rated against 253 USD 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 Jan 29, 2021
Name Weight (%)
FNMA BENCHMARK NOTE 7.25 05/15/2030 0.17
GE CAPITAL INTERNATIONAL FUNDING C 4.418 11/15/2035 0.15
CVS HEALTH CORP 4.3 03/25/2028 0.13
ANHEUSER-BUSCH COMPANIES LLC 4.9 02/01/2046 0.13
T-MOBILE USA INC 144A 3.875 04/15/2030 0.13
Name Weight (%)
BANK OF AMERICA CORP MTN 2.015 02/13/2026 0.12
BANK OF AMERICA CORP 3.004 12/20/2023 0.12
QATAR (STATE OF) 144A 5.103 04/23/2048 0.12
INTERNATIONAL BANK FOR RECONSTRUCT 0.625 04/22/2025 0.11
GOLDMAN SACHS GROUP INC 6.75 10/01/2037 0.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Jan 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
Inst USD Accumulating 19.05 0.16 0.86 19.56 16.34 18.99 IE00B1W4R501 19.10 -
Class Flexible Hedged EUR Accumulating 11.08 0.09 0.85 11.40 9.60 11.05 IE00BYVZVL92 11.12 -
Flex USD Accumulating 30.94 0.26 0.86 31.77 26.54 30.85 IE0000407050 31.04 -
Class D Acc EUR Accumulating 11.66 0.18 1.57 12.63 11.35 11.62 IE00BDZRPS94 11.69 -
Class Flexible Hedged SEK Accumulating 11.43 0.10 0.85 11.75 9.89 11.40 IE00BD0DT917 11.47 -
D USD Accumulating 12.27 0.10 0.86 12.60 10.52 12.24 IE00BD0NC706 12.31 -
Flex USD Semi-Annual 10.51 0.09 0.86 10.99 9.29 10.48 IE00BYQQ0Z40 10.54 -

Portfolio Managers

Portfolio Managers

Darren Wills
Darren Wills

Literature

Literature