Commodity

ROLL

iShares Bloomberg Enhanced Roll Yield Commodity Swap 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.

Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. 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 realise returns that are different to the NAV performance.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs.

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

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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.78 1.35 27.45 17.31 -3.19
Benchmark (%) 6.09 1.44 27.93 18.56 -2.60
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

-19.16 33.86 48.35 -7.70 3.82
Benchmark (%)

as of Mar 31, 2024

-19.17 34.32 49.10 -6.76 4.52
  1Y 3Y 5Y 10y Incept.
14.16 9.51 10.57 - 7.60
Benchmark (%) 14.78 10.32 11.14 - 8.15
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
7.87 0.64 7.40 5.68 14.16 31.32 65.30 - 51.53
Benchmark (%) 8.21 0.68 7.57 6.03 14.78 34.27 69.57 - 55.95
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. 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 realise returns that are different to the NAV performance

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 of Fund
as of Jun 21, 2024
USD 1,511,952,465
Base Currency
USD
Benchmark Index
Bloomberg Enhanced Roll Yield Total Return Index
Shares Outstanding
as of Jun 21, 2024
201,477,097
ISIN
IE00BZ1NCS44
Securities Lending Return
as of Mar 31, 2024
0.01%
Product Structure
Synthetic
Methodology
Swap
Issuing Company
iShares VI plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
Mar 31, 2024
Fund Inception Date
Sep 28, 2018
Asset Class
Commodity
SFDR Classification
Other
Total Expense Ratio
0.28%
Use of Income
Accumulating
Domicile
Ireland
Rebalance Freq
Annual
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
ROLL LN

Portfolio Characteristics

Portfolio Characteristics

Benchmark Level
as of Jun 21, 2024
USD 480.36
Standard Deviation (3y)
as of May 31, 2024
13.55%
Weighted Average Swap Fee
as of Jan 8, 2024
14.88
Benchmark Ticker
BERYTR
3y Beta
as of May 31, 2024
1.002

Ratings

Holdings

Holdings

Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares ISIN Price Location Exchange Duration YTM (%) Maturity Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Effective Date
Holdings are subject to change

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

  Mar 31, 2014Mar 31, 2015 Mar 31, 2015Mar 31, 2016 Mar 31, 2016Mar 31, 2017 Mar 31, 2017Mar 31, 2018 Mar 31, 2018Mar 31, 2019 From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Securities Lending Return (%) 0.01 0.02 0.01
Average on-loan (% of AUM) 16.04 33.55 12.77
Maximum on-loan (% of AUM) 54.57 54.66 34.99
Collateralisation (% of Loan) 109.00 109.79 108.39
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of Oct 9, 2023
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Country
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.

The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
London Stock Exchange ROLL USD Oct 2, 2018 BF142Q5 ROLL LN ISROLL.L
London Stock Exchange ROLG GBP Oct 2, 2018 BG5PZW8 ROLG LN ISROLG.L
Bolsa Mexicana De Valores ROLL MXN May 10, 2022 BPG22N1 ROLLN MM -

Literature

Literature