iShares Euro Credit Bond Index Fund (IE)

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NAV as of Jul 3, 2020 EUR 23.41
52 WK: 22.42 - 23.86
Morningstar Rating

4

Overall Morningstar Rating for iShares Euro Credit Bond Index Fund (IE) as of May 31, 2020 rated against 976.00 EUR Corporate Bond Funds.

Overview

Why ?

Diversified portfolio of securities designed to match the risk attributes of the benchmark,
(e.g. rating, maturity and duration)
Seeks to minimise transaction costs by leveraging our breadth of platform resources and
trading expertise
Looks to reduce tracking error to the benchmark index through rigorous risk control

Investment Approach

The iShares Euro Credit Bond Index Fund (IE) aims to closely track the returns of the FTSE EuroBIG ex Domestic Treasury Index, an index designed to reflect the performance of the euro-denominated non-government bond market.

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Important Information: Capital at Risk. 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. 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. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.

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Performance

Returns

	From 31-Mar-2015 To 31-Mar-2016	From 31-Mar-2016 To 31-Mar-2017	From 31-Mar-2017 To 31-Mar-2018	From 31-Mar-2018 To 31-Mar-2019	From 31-Mar-2019 To 31-Mar-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. as of Mar 31, 2020	0.59	0.74	0.98	2.43	-0.73
Benchmark (%) Index: FTSE EuroBIG ex Domestic Treasury Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. as of Mar 31, 2020	0.66	0.87	1.07	2.49	-0.72

	1Y	3Y	5Y	10y	Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. as of May 31, 2020	0.92	1.49	1.51	3.21	-
Benchmark (%) Index: FTSE EuroBIG ex Domestic Treasury Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. as of May 31, 2020	0.93	1.54	1.58	3.30	4.07

Missing average annual returns data

	YTD	1m	3M	1Y	3Y	5Y	10y	Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. as of May 31, 2020	-0.77	0.26	-2.23	0.92	4.55	7.77	37.21	-
Benchmark (%) Index: FTSE EuroBIG ex Domestic Treasury Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. as of May 31, 2020	-0.77	0.22	-2.28	0.93	4.69	8.14	38.31	109.58

Missing cumulative returns data

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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.

Growth of Hypothetical 10,000
Historical NAVs

iShares Euro Credit Bond Index Fund (IE) (EUR)

Share Class and Benchmark performance displayed in EUR. 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.

Historical NAVs

Reinvestments

This fund does not have any distributions data as of now.

Custom Columns

Record Date
Ex-Date
Payable Date
Total Distribution

Record Date	Ex-Date	Payable Date	Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.

Key Facts

Size of Fund (Millions) as of Jul 3, 2020 EUR 1,847.039

Fund Inception Date Dec 1, 2005

Share Class Inception Date Nov 5, 2001

12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -

Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of May 29, 2020 3840

Base Currency Euro

Asset Class Fixed Income

Morningstar Category EUR Corporate Bond

Benchmark Index FTSE EuroBIG ex Domestic Treasury Index

Domicile Ireland

Regulatory Structure UCITS

Management Company BlackRock Asset Management Ireland Limited

Ongoing Charge Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.15%

ISIN IE0031080645

Bloomberg Ticker BAREUBI

Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 0.12%

Initial Charge 0.00%

Performance Fee 0.00%

SEDOL 3108064

Bloomberg Benchmark Ticker EZNBIFTTHP

Dealing Settlement Trade Date + 3 days

Dealing Frequency Daily, forward pricing basis

Minimum Initial Investment EUR 250000

Minimum Subsequent Investment EUR 50000

Use of Income Accumulating

Portfolio Characteristics

Yield to Worst The average rate of return of the portfolio at current market prices, adjusting for optionality. as of May 29, 2020 0.57%

3y Volatility - Benchmark as of May 31, 2020 3.68

3y Beta Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security's price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market. Calculated vs. Benchmark Index as of May 31, 2020 0.985

5y Volatility - Benchmark as of May 31, 2020 3.25

5y Beta as of May 31, 2020 0.989

Ratings

Morningstar Rating

Overall iShares Euro Credit Bond Index Fund (IE) received a Morningstar Rating of 5 stars for the 3-year period, 4 stars stars for the 5-year period and 3 stars stars for the 10-year period, rated against 976, 839 and 511 EUR Corporate Bond Funds, respectively. Performance results represent past performance and are no guarantee of future results. For each U.S.-domiciled fund with at least a 3-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. Morningstar Ratings are for the share classes cited only; other classes may have different ratings.

4

Overall Morningstar Rating for iShares Euro Credit Bond Index Fund (IE), Inst, as of Jun 30, 2020 rated against 976 EUR Corporate Bond Funds.

Ratings Report

Risk Indicator

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Low Risk High Risk

Low Yield High Yield

Holdings

Top Holdings

as of Jun 30, 2020

Name	Weight (%)
EUROPEAN INVESTMENT BANK 4.125 04/15/2024	0.23
KFW MTN RegS 0 06/30/2022	0.22
EUROPEAN INVESTMENT BANK MTN 4.5 10/15/2025	0.18
EUROPEAN INVESTMENT BANK MTN 0.875 01/14/2028	0.17
KFW 0.125 11/07/2023	0.17

Name	Weight (%)
EUROPEAN INVESTMENT BANK MTN 2.25 10/14/2022	0.17
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 1.25 05/24/2033	0.17
EUROPEAN INVESTMENT BANK 0.375 04/14/2026	0.17
KFW BANKENGRUPPE MTN 3.5 07/04/2021	0.16
EUROPEAN INVESTMENT BANK MTN 2.125 01/15/2024	0.16

Holdings subject to change

Exposure Breakdowns

as of Jun 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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as of Jun 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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as of Jun 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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Allocations subject to change.

as of Jun 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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as of Jun 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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as of Jun 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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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

Investor Class	Currency	Distribution Frequency	NAV	NAV Amount Change	NAV % Change	52wk High	52wk Low	Bid Price	ISIN	Offer Price	TIS
Inst	EUR	Accumulating	23.41	-	-	23.86	22.42	23.35	IE0031080645	23.48	-
D	EUR	Accumulating	10.61	-	-	10.81	10.17	10.59	IE00BD0NC698	10.64	-
Flex	EUR	Accumulating	24.12	-	-	24.55	23.09	24.05	IE0005032192	24.18	-
Inst	EUR	Annual	10.49	-	-	10.70	10.04	10.46	IE00B1N7Z987	10.51	-

Portfolio Managers

Divya Manek

PortSols CREDIT LON GFI - Group

Literature

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Performance

Performance

Returns

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Reinvestments

Key Facts

Key Facts

Portfolio Characteristics

Portfolio Characteristics

Ratings

Ratings

Morningstar Rating

Risk Indicator

Risk Indicator

Holdings

Holdings

Exposure Breakdowns

Exposure Breakdowns

Pricing & Exchange

Portfolio Managers

Portfolio Managers

Literature

Literature