Equity

EXV7

iShares STOXX Europe 600 Chemicals UCITS ETF (DE)

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.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. 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 affect on the overall value of this fund.



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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Ex-Date Payable Date Total Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.88 7.42 6.08 12.60 -14.27 31.77 10.32 24.64 -14.80 16.49
Benchmark (%) 5.82 6.78 6.18 12.61 -13.71 31.27 10.51 24.87 -14.66 16.60
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

31.77 10.32 24.64 -14.80 16.49
Benchmark (%)

as of Dec 31, 2023

31.27 10.51 24.87 -14.66 16.60
  1Y 3Y 5Y 10y Incept.
7.11 7.49 9.57 7.43 9.26
Benchmark (%) 7.16 7.65 9.75 7.49 9.36
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-1.60 2.18 4.90 4.30 7.11 24.20 57.95 104.67 579.98
Benchmark (%) -1.52 2.22 5.03 4.56 7.16 24.75 59.22 105.84 593.14
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.
As of 02 Nov 2005 the index tracked for this fund changed from DJ Stoxx 600 - Chemicals (4PM GMT Historical Levels) to STOXX® Europe 600 Chemicals

Key Facts

Key Facts

Net Assets of Fund as of Mar 27, 2024 EUR 90,932,893
Fund Inception Date Jul 8, 2002
Base Currency EUR
Asset Class Equity
Benchmark Index STOXX® Europe 600 Chemicals
SFDR Classification Other
Shares Outstanding as of Mar 27, 2024 679,750
Total Expense Ratio 0.46%
ISIN DE000A0H08E0
Distribution Frequency Up to 4x per year
Use of Income Distributing
Domicile Germany
Product Structure Physical
Rebalance Freq Quarterly
Methodology Replicated
UCITS Compliant Yes
Issuing Company iShares (DE) I Investmentaktiengesellschaft mit TGV
Fund Manager BlackRock Asset Management Deutschland AG
Administrator State Street Bank GmbH
Custodian State Street Bank GmbH
Fiscal Year End Mar 1, 2021
Bloomberg Ticker SX4PEX GY
Offer price as of Mar 27, 2024 136.45
Bid Price as of Mar 27, 2024 132.43

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 27, 2024 21
Benchmark Level as of Mar 27, 2024 EUR 3,014.80
Benchmark Ticker SX4R
12m Trailing Yield as of Mar 27, 2024 2.29%
Standard Deviation (3y) as of Feb 29, 2024 16.82%
3y Beta as of Feb 29, 2024 0.998
P/E Ratio as of Mar 27, 2024 32.45
P/B Ratio as of Mar 27, 2024 2.30

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 Mar 21, 2024 AA
MSCI ESG % Coverage as of Mar 21, 2024 100.00
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 7.25
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 88.24
Fund Lipper Global Classification as of Mar 21, 2024 Equity Sector Materials
Funds in Peer Group as of Mar 21, 2024 136
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 496.32
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 99.73
MSCI Implied Temperature Rise (0-3.0+ °C) as of Mar 21, 2024 > 3.0° C
MSCI Implied Temperature Rise % Coverage as of Mar 21, 2024 99.73

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.

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. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standards. We make use of this feature for all GHG scopes. This enhanced ITR model was implemented by MSCI on February 19, 2024.


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.

Thermometer-style chart of yellow to red temperature bands showing an investment’s position relative to the Paris Agreement temperature goals. Metric data source MSCI

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. Funds may change bands as methodologies evolve. 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 based on a credibility assessment of stated decarbonization targets. 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 Mar 21, 2024, based on holdings as of Feb 29, 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 Mar 27, 2024 0.00%
MSCI - UN Global Compact Violators as of Mar 27, 2024 0.00%
MSCI - Nuclear Weapons as of Mar 27, 2024 0.00%
MSCI - Thermal Coal as of Mar 27, 2024 0.00%
MSCI - Civilian Firearms as of Mar 27, 2024 0.00%
MSCI - Oil Sands as of Mar 27, 2024 0.00%
MSCI - Tobacco as of Mar 27, 2024 0.00%

Business Involvement Coverage as of Mar 27, 2024 100.00%
Percentage of Fund not covered as of Mar 27, 2024 0.00%
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 0.00% 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

Holdings

Holdings

Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares ISIN Price Location Exchange Market Currency
Holdings are subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 27, 2024

% of Market Value

Type Fund
as of Mar 27, 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.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Xetra EXV7 EUR Jun 2, 2011 B4NDKQ9 SX4PEX GY SX4PEX.DE
Berne Stock Exchange SX4PEX EUR Feb 2, 2021 BMT9TV5 SX4PEX BW SX4PEX.BN

Literature

Literature