Fixed Income

iShares Over 15 Years Corporate Index Fund

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. Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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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Distributions

Ex-Date Total Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 17.71 15.01 -5.59 -34.24 10.10
Target Benchmark 1 (%) 17.32 15.14 -5.72 -34.57 11.03

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1Y 3Y 5Y 10y Incept.
2.05 -11.09 -3.98 - -2.40
Target Benchmark 1 (%) 1.85 -11.22 -4.10 - -2.55
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-5.25 -3.47 -0.98 9.75 2.05 -29.73 -18.37 - -12.71
Target Benchmark 1 (%) -5.90 -3.70 -1.58 9.48 1.85 -30.03 -18.87 - -13.44
  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

2.33 11.39 -8.77 -23.04 5.15
Target Benchmark 1 (%)

as of Mar 31, 2024

3.32 9.93 -8.74 -23.34 5.35
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.

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 GBP, hedged share class benchmark performance is displayed in GBP.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. 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 May 24, 2024
GBP 180,193,825
Fund Inception Date
Sep 24, 2018
Base Currency
GBP
Target Benchmark 1
iBoxx Sterling Non Gilt 15+ Yr 1300CET (midday) index (GBP)
Initial Charge
0.00%
ISIN
GB00BFBFX434
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
IO15CDI
Share Class Inception Date
Sep 24, 2018
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
-
Ongoing Charge
0.12%
Annual Management Fee
0.10%
Minimum Initial Investment
GBP 100000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
GBP Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFBFX43

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 30, 2024
224
Standard Deviation (3y)
as of Apr 30, 2024
17.32%
Yield to Maturity
as of Apr 30, 2024
5.82%
Yield to Worst
as of Apr 30, 2024
5.82%
Weighted Avg Maturity
as of Apr 30, 2024
24.48 yrs
12m Trailing Yield
as of Apr 30, 2024
4.43%
3y Beta
as of Apr 30, 2024
0.983
Modified Duration
as of Apr 30, 2024
12.84 yrs
Effective Duration
as of Apr 30, 2024
13.00 yrs
WAL to Worst
as of Apr 30, 2024
24.48 yrs

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 May 19, 2024
A
MSCI ESG Quality Score (0-10)
as of May 19, 2024
6.90
Fund Lipper Global Classification
as of May 19, 2024
Bond GBP Corporates
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of May 19, 2024
100.17
MSCI ESG % Coverage
as of May 19, 2024
85.14
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
4.35
Funds in Peer Group
as of May 19, 2024
437
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
90.19
All data is from MSCI ESG Fund Ratings as of May 19, 2024, based on holdings as of Jan 31, 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 Apr 30, 2024
0.00%
MSCI - Nuclear Weapons
as of Apr 30, 2024
0.00%
MSCI - Civilian Firearms
as of Apr 30, 2024
0.00%
MSCI - Tobacco
as of Apr 30, 2024
0.93%
MSCI - UN Global Compact Violators
as of Apr 30, 2024
0.00%
MSCI - Thermal Coal
as of Apr 30, 2024
1.02%
MSCI - Oil Sands
as of Apr 30, 2024
0.00%

Business Involvement Coverage
as of Apr 30, 2024
84.86%
Percentage of Fund not covered
as of Apr 30, 2024
15.14%
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 1.02% and for Oil Sands 0.30%.

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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Apr 30, 2024
Name Weight (%)
ENEL FINANCE INTERNATIONAL SA MTN RegS 5.75 09/14/2040 1.70
ELECTRICITE DE FRANCE SA MTN RegS 5.5 10/17/2041 1.64
ELECTRICITE DE FRANCE SA MTN RegS 6 01/23/2114 1.53
AT&T INC MTN 7 04/30/2040 1.47
AT&T INC 4.875 06/01/2044 1.39
Name Weight (%)
LCR FINANCE PLC 5.1 03/07/2051 1.36
THFC FUNDING NO 3 PLC MTN RegS 5.2 10/11/2043 1.23
EON INTERNATIONAL FINANCE BV MTN RegS 6.125 07/06/2039 1.21
PFIZER INC RegS 2.735 06/15/2043 1.15
GDF SUEZ MTN RegS 5 10/01/2060 1.14
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
D GBP 0.73 -0.01 -0.91 May 24, 2024 0.79 0.65 GB00BFBFX434
L GBP 0.87 -0.01 -0.91 May 24, 2024 0.92 0.76 GB00BFBFX541
X GBP 0.88 -0.01 -0.91 May 24, 2024 0.93 0.76 GB00BFBFX764
L GBP 0.73 -0.01 -0.91 May 24, 2024 0.79 0.65 GB00BFBFX657
D GBP 0.87 -0.01 -0.91 May 24, 2024 0.92 0.76 GB00BFBFX327

Portfolio Managers

Portfolio Managers

Matthew Jackson
Matthew Jackson

Literature

Literature