Fixed Income

iShares ESG Screened Euro Corporate Bond Index Fund (IE)

  • NAV as of Apr 25, 2024 EUR 9.17
    52 WK: 8.66 - 9.27
  • 1 Day NAV Change as of Apr 25, 2024 -0.02 (-0.22%)

Overview

Investment Approach

The Fund aims to achieve a total return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg Barclays Euro Aggregate Corporate Index, the Fund’s benchmark index (Index). The Fund invests in the fixed income (FI) securities (such as bonds) which predominantly make up the Index (which comprises corporate bonds) whilst employing an environmental, social and governance (“ESG”) policy as described below. The Index measures the performance of investment grade FI securities which pay income according to a fixed rate of interest. These may be issued or guaranteed by corporate issuers in the industrial, utility and financial sectors and are traded on the Eurobond and Eurozone markets (regardless of the domicile of the issuer).
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.

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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  2019 2020 2021 2022 2023
Total Return (%) -13.71 8.11
Benchmark (%) -13.65 8.19

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

  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

- - - -7.63 6.77
Benchmark (%)

as of Mar 31, 2024

- - - -7.55 6.78
  1Y 3Y 5Y 10y Incept.
Total Return (%) 6.77 - - - -2.95
Benchmark (%) 6.78 - - - -2.90
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) 0.44 1.21 0.44 5.98 6.77 - - - -7.32
Benchmark (%) 0.43 1.18 0.43 5.97 6.78 - - - -7.19
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 EUR, hedged share class benchmark performance is displayed in EUR.

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 as of Apr 25, 2024 EUR 364,136,310
Net Assets of Fund as of Apr 25, 2024 EUR 1,524,038,765
Share Class Inception Date Sep 16, 2021
Fund Inception Date May 8, 2019
Share Class Currency EUR
Base Currency EUR
Asset Class Fixed Income
Benchmark Index iBoxx MSCI ESG EUR Corporates
SFDR Classification Article 8
Initial Charge 0.00%
Ongoing Charge 0.15%
ISIN IE000KDUZ5O6
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 500000
Minimum Subsequent Investment EUR 10
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL BMYRN78

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 28, 2024 2767
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of Mar 28, 2024 3.71%
Modified Duration as of Mar 28, 2024 4.52 yrs
Yield to Worst as of Mar 28, 2024 3.63%
Effective Duration as of Mar 28, 2024 4.57 yrs
Weighted Avg Maturity as of Mar 28, 2024 5.07 yrs
WAL to Worst as of Mar 28, 2024 5.07 yrs

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Mar 28, 2024
Name Weight (%)
UBS GROUP AG MTN RegS 7.75 03/01/2029 0.18
AT&T INC 1.8 09/05/2026 0.12
BNP PARIBAS SA MTN RegS 4.125 05/24/2033 0.12
JPMORGAN CHASE & CO MTN RegS 2.875 05/24/2028 0.11
MORGAN STANLEY MTN 0.406 10/29/2027 0.11
Name Weight (%)
JPMORGAN CHASE & CO MTN RegS 1.963 03/23/2030 0.11
JPMORGAN CHASE & CO MTN RegS 3.761 03/21/2034 0.11
MORGAN STANLEY MTN 1.875 04/27/2027 0.11
JPMORGAN CHASE & CO MTN RegS 4.457 11/13/2031 0.10
MORGAN STANLEY MTN 5.148 01/25/2034 0.10
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 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
Class Inst Acc EUR 9.17 -0.02 -0.22 Apr 25, 2024 9.27 8.66 IE000KDUZ5O6
Q Acc EUR 9.66 -0.02 -0.22 Apr 25, 2024 9.77 9.12 IE00BJP12Y80
Class D Acc GBP 10.02 -0.02 -0.21 Apr 25, 2024 10.12 9.35 IE0004CHBHI7
Flex GBP 10.37 -0.02 -0.21 Apr 25, 2024 10.48 9.67 IE00029JTMU3
Flex EUR 9.68 -0.02 -0.22 Apr 25, 2024 9.79 9.13 IE00BJP13018

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek
John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature