Fixed Income

iShares ESG Screened Euro Corporate Bond Index Fund (IE)

  • NAV as of Jun 8, 2023 GBP 9.74
    52 WK: 9.21 - 10.08
  • 1 Day NAV Change as of Jun 8, 2023 0.02 (0.16%)

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 (%)

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

  From
31-Mar-2018
To
31-Mar-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
Total Return (%)

as of Mar 31, 2023

- - - - -
Benchmark (%)

as of Mar 31, 2023

- - - - -
  1Y 3Y 5Y 10y Incept.
Total Return (%) -1.59 - - - -2.12
Benchmark (%) -2.92 - - - -3.44
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) 3.28 0.29 2.32 1.57 -1.59 - - - -2.21
Benchmark (%) 2.64 0.17 1.88 0.82 -2.92 - - - -3.60
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 Jun 8, 2023 GBP 84,047,714
Net Assets of Fund as of Jun 8, 2023 EUR 1,463,036,763
Share Class Inception Date May 13, 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 0.03%
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment GBP 500000
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
ISIN IE00029JTMU3
SEDOL BMHJWX0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of May 31, 2023 2910
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of May 31, 2023 4.13%
Modified Duration as of May 31, 2023 4.51 yrs
Yield to Worst as of May 31, 2023 4.14%
Effective Duration as of May 31, 2023 4.58 yrs
Weighted Avg Maturity as of May 31, 2023 5.13 yrs
WAL to Worst as of May 31, 2023 5.13 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 May 31, 2023
Name Weight (%)
BAYER AG RegS 0.05 01/12/2025 0.16
COOPERATIEVE RABOBANK UA RegS 4.125 07/14/2025 0.15
TOTALENERGIES SE MTN RegS 2.625 12/31/2079 0.12
CREDIT SUISSE AG (LONDON BRANCH) MTN RegS 0.25 09/01/2028 0.12
BP CAPITAL MARKETS PLC NC6 RegS 3.25 12/31/2079 0.12
Name Weight (%)
ANHEUSER-BUSCH INBEV NV MTN RegS 2 03/17/2028 0.12
SHELL INTERNATIONAL FINANCE BV MTN RegS 1.875 09/15/2025 0.11
MORGAN STANLEY MTN 5.148 01/25/2034 0.11
MICROSOFT CORPORATION 3.125 12/06/2028 0.11
BLACKSTONE HOLDINGS FINANCE CO LLC RegS 1 10/05/2026 0.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2023

% of Market Value

Type Fund Benchmark Net
as of May 31, 2023

% of Market Value

Type Fund Benchmark Net
as of May 31, 2023

% of Market Value

Type Fund Benchmark Net
as of May 31, 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
Flex GBP - 9.74 0.02 0.16 Jun 8, 2023 10.08 9.21 IE00029JTMU3 -
Class D Acc GBP - 9.42 0.02 0.16 Jun 8, 2023 9.76 8.92 IE0004CHBHI7 -
Q Acc EUR - 9.19 0.01 0.15 Jun 8, 2023 9.62 8.76 IE00BJP12Y80 -
Flex EUR - 9.20 0.01 0.15 Jun 8, 2023 9.63 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