BlackRock Buidling: About Us

WHO WE ARE

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide.

Our Company and Sites

iShares Euro Credit Bond Index Fund (IE)

Fixed Income

iShares Euro Credit Bond Index Fund (IE)

Overview

Why ?

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

Investment Approach

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

Performance

  • Returns

  From
30-Sep-2014
To
30-Sep-2015		 From
30-Sep-2015
To
30-Sep-2016		 From
30-Sep-2016
To
30-Sep-2017		 From
30-Sep-2017
To
30-Sep-2018		 From
30-Sep-2018
To
30-Sep-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Sep 30, 2019

0.88 5.55 -1.16 0.05 6.51
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 Sep 30, 2019

1.00 5.60 -1.00 0.08 6.56
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.
View full chart
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.

Reinvestments

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

Key Facts

Size of Fund (Millions) as of Dec 4, 2019 EUR 1,711.463
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 Oct 31, 2019 3321
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

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for iShares Euro Credit Bond Index Fund (IE), Inst, as of Nov 30, 2019 rated against 942 EUR Corporate Bond Funds.
Ratings Report

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 31, 2019
Name Weight (%)
EUROPEAN INVESTMENT BANK 4.125 04/15/2024 0.25
EUROPEAN INVESTMENT BANK MTN 2.25 10/14/2022 0.24
EUROPEAN INVESTMENT BANK MTN 4 04/15/2030 0.22
CAISSE DAMORT DETTE SOC MTN RegS 4.375 10/25/2021 0.20
EUROPEAN INVESTMENT BANK MTN 4 10/15/2037 0.20
Name Weight (%)
EUROPEAN INVESTMENT BANK MTN 4.5 10/15/2025 0.19
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 3.375 07/05/2021 0.19
EUROPEAN INVESTMENT BANK MTN RegS 0.25 10/14/2024 0.18
EUROPEAN INVESTMENT BANK MTN 2.75 09/15/2021 0.18
EUROPEAN INVESTMENT BANK MTN 2.125 01/15/2024 0.17
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Inst EUR Accumulating 23.45 -0.02 -0.10 23.86 22.18 23.40 IE0031080645 23.49 -
D EUR Accumulating 10.63 -0.01 -0.10 10.81 10.05 10.61 IE00BD0NC698 10.65 -
Flex EUR Accumulating 24.13 -0.02 -0.10 24.55 22.80 24.09 IE0005032192 24.17 -
Inst EUR Annual 10.50 -0.01 -0.10 10.70 10.08 10.48 IE00B1N7Z987 10.52 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature