Equity

iShares Continental European Equity Index Fund (UK)

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.
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Performance

Performance

Growth of Hypothetical 10,000

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Reinvestments

This fund does not have any distributions data as of now.
  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
From
31-Dec-2020
To
31-Dec-2021
Total Return (%)

as of Dec 31, 2021

16.95 -10.10 20.64 8.65 15.99
Benchmark (%)

as of Dec 31, 2021

16.98 -9.98 20.77 8.68 16.36
  1Y 3Y 5Y 10y Incept.
15.99 14.99 9.83 11.36 8.03
Benchmark (%)

as of Dec 31, 2021

16.36 15.16 9.97 11.46 8.22
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
15.99 4.14 4.65 15.99 52.04 59.84 193.18 256.47
Benchmark (%)

as of Dec 31, 2021

16.36 4.10 4.65 16.36 52.72 60.81 195.93 267.10
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 Jan 20, 2022 GBP 4,697.223
Price Yield as of Jan 20, 2022 1.66
Number of Holdings as of Dec 31, 2021 509
Base Currency British Pound
Fund Inception Date Jul 15, 2005
Share Class Inception Date Jul 15, 2005
Asset Class Equity
Benchmark Index FTSE Custom World Europe ex UK Net Tax Mid Day
Investment Association Category Europe Excluding UK
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Ongoing Charge 0.21%
ISIN GB00B08HDG97
Bloomberg Ticker BCONEUA
Annual Management Fee 0.20%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B08HDG9
Bloomberg Benchmark Ticker FTRSERXU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 1000000
Minimum Subsequent Investment GBP 100
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Dec 31, 2021 15.70
3y Beta as of Dec 31, 2021 1.002
5y Volatility - Benchmark as of Dec 31, 2021 13.77
5y Beta as of Dec 31, 2021 1.002

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 Jan 7, 2022 AAA
MSCI ESG % Coverage as of Jan 7, 2022 99.71
MSCI ESG Quality Score (0-10) as of Jan 7, 2022 8.69
MSCI ESG Quality Score - Peer Percentile as of Jan 7, 2022 39.12
Fund Lipper Global Classification as of Jan 7, 2022 Equity Europe ex UK
Funds in Peer Group as of Jan 7, 2022 432
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 7, 2022 123.73
MSCI Weighted Average Carbon Intensity % Coverage as of Jan 7, 2022 99.34
MSCI Implied Temperature Rise (0-3.0+ °C) as of Jan 7, 2022 > 2.5° - 3.0° C
MSCI Implied Temperature Rise % Coverage as of Jan 7, 2022 99.22

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

Climate change is one of the greatest challenges in human history and will have profound implications for investors. To address climate change, many of the world's major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.


What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. Scientific consensus suggests that reducing emissions until they reach net zero around mid-century (2050-2070) is how this goal could be met. A net zero emissions economy is one that balances emissions and removals.


How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band.


Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.


Because the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

Implied Temperature Rise Image

What are the key assumptions and limitations of the ITR metric?

This forward-looking metric is calculated based on a model, which is dependent upon multiple assumptions. Also, there are limitations with the data inputs to the model. Importantly, an ITR metric may vary meaningfully across data providers for a variety of reasons due to methodological choices (e.g., differences in time horizons, the scope(s) of emissions included and portfolio aggregation calculations).

There is not a universally accepted way to calculate an ITR. There is not a universally agreed upon set of inputs for the calculation. At present, availability of input data varies across asset classes and markets. To the extent that data becomes more readily available and more accurate over time, we expect that ITR metric methodologies will evolve and may result in different outputs. Where data is not available, and / or if data changes, the estimation methods vary, particularly those related to a company’s future emissions.


The ITR metric estimates a fund’s alignment with the Paris Agreement temperature goal. However, there is no guarantee that these estimates will be reached. The ITR metric is not a real time estimate and may change over time, therefore it is prone to variance and may not always reflect a current estimate.


The ITR metric is not an indication or estimate of a fund’s performance or risk. Investors should not rely on this metric when making an investment decision and instead should refer to a fund’s prospectus and governing documents. This estimate and the associated information is not intended as a recommendation to invest in any fund, nor is it intended to indicate any correlation between a fund’s ITR metric and its future investment performance.

All data is from MSCI ESG Fund Ratings as of Jan 7, 2022, based on holdings as of Jul 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 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. 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 Dec 31, 2021 0.00%
MSCI - UN Global Compact Violators as of Dec 31, 2021 0.57%
MSCI - Nuclear Weapons as of Dec 31, 2021 0.83%
MSCI - Thermal Coal as of Dec 31, 2021 0.00%
MSCI - Civilian Firearms as of Dec 31, 2021 0.84%
MSCI - Oil Sands as of Dec 31, 2021 0.00%
MSCI - Tobacco as of Dec 31, 2021 0.14%

Business Involvement Coverage as of Dec 31, 2021 99.67%
Percentage of Fund not covered as of Dec 31, 2021 0.33%
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 0.08% 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 Continental European Equity Index Fund (UK), Class L, as of Dec 31, 2021 rated against 559 Europe ex-UK Equity Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Mar 16, 2021)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Dec 31, 2021
Name Weight (%)
NESTLE SA 4.25
ASML HOLDING NV 3.48
ROCHE HOLDING PAR AG 3.20
LVMH 2.29
NOVARTIS AG 2.03
Name Weight (%)
NOVO NORDISK CLASS B 1.94
SAP 1.75
SIEMENS N AG 1.45
TOTALENERGIES 1.37
LOREAL SA 1.27
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2021

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 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 Distribution Frequency Bid Price ISIN TIS
L Accumulating 3.30 GB00B08HDG97 -
H Accumulating 1.94 GB00BJL5BS14 -
H Daily 1.69 GB00BYTHMZ80 -
X Daily 2.19 GB00B42SY184 -
X Accumulating 2.75 GB00B5BPLZ07 -
L Daily 1.57 GB00BLBP3R89 -
D Accumulating 3.24 GB00B83MH186 -

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle

Literature

Literature