Fixed Income

IU0E

iShares $ Corp Bond 0-3yr ESG 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. Important Information: 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. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
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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
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%) (IU0E)

as of Jun 30, 2022

- - 1.69 0.02 -4.04
Total Return (%) Underlying Fund (SUSU)

as of Jun 30, 2022

- - 4.03 0.93 -2.92
Benchmark (%) Underlying Fund (SUSU)

as of Jun 30, 2022

- - 4.10 1.09 -2.85
  1Y 3Y 5Y 10y Incept.
-4.04 -0.80 - - -0.34
-2.92 0.64 - - 1.42
Benchmark (%) Underlying Fund (SUSU)

as of Jun 30, 2022

-2.85 0.74 - - 1.57
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-3.31 -0.96 -1.17 -3.31 -4.04 -2.39 - - -1.17
-2.63 -0.78 -0.75 -2.63 -2.92 1.93 - - 5.14
Benchmark (%) Underlying Fund (SUSU)

as of Jun 30, 2022

-2.58 -0.75 -0.73 -2.58 -2.85 2.24 - - 5.70
  2017 2018 2019 2020 2021
Total Return (%) (IU0E) - - - 1.89 -1.05
Total Return (%) Underlying Fund (SUSU) - - 4.40 3.25 -0.19
Benchmark (%) Underlying Fund (SUSU) - - 4.56 3.32 -0.06
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 Jul 5, 2022 EUR 165,803,724
Net Assets of Fund as of Jul 5, 2022 USD 539,424,835
Base Currency USD
Share Class Currency EUR
Fund Inception Date Dec 12, 2018
Inception Date Jan 9, 2019
Asset Class Fixed Income
Total Expense Ratio 0.17%
Ongoing Charge 0.17%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Compliant Yes
Benchmark Index Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index
SFDR Classification Article 8
Distribution Frequency Accumulating
Securities Lending Return -
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Freq Monthly
ISIN IE00BG5QQ390
Bloomberg Ticker IU0E GY
Issuing Company iShares II plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding 33,465,365
Number of Holdings as of Jul 5, 2022 1110
Benchmark Level as of Jul 5, 2022 USD 117.38
Benchmark Ticker BMSRTRUU
Distribution Yield as of - -
Weighted Avg Coupon as of Jul 5, 2022 2.76%
Fiscal Year End 31 October
Effective Duration as of Jul 5, 2022 1.53 yrs
Weighted Avg Maturity as of Jul 5, 2022 1.81 yrs
3y Beta as of Jun 30, 2022 0.970
Standard Deviation (3y) as of Jun 30, 2022 1.77%
Average Yield to Maturity as of Jul 5, 2022 3.64%

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 Jun 21, 2022 AAA
MSCI ESG % Coverage as of Jun 21, 2022 100.00
MSCI ESG Quality Score (0-10) as of Jun 21, 2022 10.00
MSCI ESG Quality Score - Peer Percentile as of Jun 21, 2022 100.00
Fund Lipper Global Classification as of Jun 21, 2022 Bond USD Corporates
Funds in Peer Group as of Jun 21, 2022 275
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 21, 2022 63.33
MSCI Weighted Average Carbon Intensity % Coverage as of Jun 21, 2022 99.91
MSCI Implied Temperature Rise (0-3.0+ °C) as of Jun 21, 2022 > 2.0° - 2.5° C
MSCI Implied Temperature Rise % Coverage as of Jun 21, 2022 97.20

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.

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. 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 Jun 21, 2022, based on holdings as of May 31, 2022. 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 Jul 5, 2022 0.00%
MSCI - UN Global Compact Violators as of Jul 5, 2022 0.00%
MSCI - Nuclear Weapons as of Jul 5, 2022 0.00%
MSCI - Thermal Coal as of Jul 5, 2022 0.00%
MSCI - Civilian Firearms as of Jul 5, 2022 0.00%
MSCI - Oil Sands as of Jul 5, 2022 0.00%
MSCI - Tobacco as of Jul 5, 2022 0.00%

Business Involvement Coverage as of Jul 5, 2022 98.92%
Percentage of Fund not covered as of Jul 5, 2022 1.08%
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.

Holdings

Holdings

as of Jul 5, 2022
Ticker ISIN Name Sector Location Asset Class Shares Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of Jul 5, 2022
Issuer Weight (%)
BANK OF AMERICA CORP 4.70
JPMORGAN CHASE & CO 4.23
MORGAN STANLEY 3.25
GOLDMAN SACHS GROUP INC/THE 2.76
CITIGROUP INC 2.67
Issuer Weight (%)
HSBC HOLDINGS PLC 1.77
APPLE INC 1.75
TOYOTA MOTOR CREDIT CORP 1.75
ORACLE CORPORATION 1.55
ABBVIE INC 1.54
Issuer Ticker Name Asset Class Weight (%) Price Shares Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration
Holdings are subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jul 5, 2022

% of Market Value

Type Fund Benchmark Net
as of Jul 5, 2022

% of Market Value

Type Fund Benchmark Net
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.
as of Jul 5, 2022

% of Market Value

Type Fund Benchmark Net
as of Jul 5, 2022

% of Market Value

Type Fund Benchmark Net
as of Jul 5, 2022

% of Market Value

Type Fund Benchmark Net
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valoren Common Code (EOC) ISIN of INAV
Xetra IU0E EUR Jan 11, 2019 BG5QQ39 IU0E GY IU0E.DE - - IE00BG5QQ390 - - - -
Borsa Italiana IU0E EUR May 28, 2021 BNZFMG0 - IU0E.MI - - IE00BG5QQ390 A2N9ZM 45137318 - -
SIX Swiss Exchange IU0E EUR Mar 3, 2020 BL1MZ95 - IU0E.S - - IE00BG5QQ390 A2N9ZM 45137318 - -

Literature

Literature