Fixed Income

iShares ESG Screened Euro Corporate Bond Index Fund (IE)

  • NAV as of Mar 29, 2023 GBP 9.32
    52 WK: 8.92 - 10.01
  • 1 Day NAV Change as of Mar 29, 2023 0.00 (0.01%)

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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Share Class and Benchmark performance displayed in GBP. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Past performance is not a guide to future performance.

  2018 2019 2020 2021 2022
Total Return (%)
Benchmark (%)
  From
31-Dec-2017
To
31-Dec-2018		 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
Total Return (%)

as of Dec 31, 2022

- - - - -
Benchmark (%)

as of Dec 31, 2022

- - - - -
  1Y 3Y 5Y 10y Incept.
Total Return (%) - - - - -
Benchmark (%) - - - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) 0.93 -1.33 -0.79 -0.95 - - - - -7.55
Benchmark (%) 0.74 -1.44 -1.04 -1.54 - - - - -8.59
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 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 Mar 29, 2023 GBP 984,627
Net Assets of Fund as of Mar 29, 2023 EUR 1,787,960,866
Share Class Inception Date Mar 15, 2022
Fund Inception Date May 8, 2019
Share Class Currency GBP
Base Currency EUR
Asset Class Fixed Income
Benchmark Index Bloomberg Euro Corporate Bond Index
Index Ticker LECPTREU
SFDR Classification Article 8
Initial Charge 0.00%
Ongoing Charge 0.14%
Annual Management Fee 0.11%
Performance Fee 0.00%
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 5000
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
Bloomberg Ticker ISCBDGA
ISIN IE0004CHBHI7
SEDOL BNHN6N7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 28, 2023 3185
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of Feb 28, 2023 4.30%
Modified Duration as of Feb 28, 2023 4.51 yrs
Yield to Worst as of Feb 28, 2023 4.29%
Effective Duration as of Feb 28, 2023 4.60 yrs
Weighted Avg Maturity as of Feb 28, 2023 5.09 yrs
WAL to Worst as of Feb 28, 2023 5.09 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 Feb 28, 2023
Name Weight (%)
RABOBANK NEDERLAND NV RegS 4.125 07/14/2025 0.14
BAYER AG RegS 0.05 01/12/2025 0.14
ANHEUSER-BUSCH INBEV NV MTN RegS 2 03/17/2028 0.14
ANHEUSER-BUSCH INBEV NV MTN RegS 2.75 03/17/2036 0.12
CREDIT AGRICOLE SA RegS 2.625 03/17/2027 0.11
Name Weight (%)
BP CAPITAL MARKETS PLC NC6 RegS 3.25 12/31/2079 0.11
JPMORGAN CHASE & CO MTN RegS 1.963 03/23/2030 0.10
SHELL INTERNATIONAL FINANCE BV MTN RegS 1.125 04/07/2024 0.10
BARCLAYS PLC MTN RegS 3.375 04/02/2025 0.10
BP CAPITAL MARKETS PLC NC9 RegS 3.625 12/31/2079 0.10
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2023

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2023

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2023

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2023

% 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class D Acc GBP - 9.32 0.00 0.01 Mar 29, 2023 10.01 8.92 IE0004CHBHI7 -
Flex GBP - 9.64 0.00 0.01 Mar 29, 2023 10.08 9.21 IE00029JTMU3 -
Q Acc EUR - 9.11 0.00 0.02 Mar 29, 2023 9.90 8.76 IE00BJP12Y80 -
Flex EUR - 9.12 0.00 0.02 Mar 29, 2023 9.91 8.77 IE00BJP13018 -

Portfolio Managers

Portfolio Managers

Auste Vysniauskaite
Auste Vysniauskaite
John Hutson
John Hutson
Darren Wills
Darren Wills
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature