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iShares Corporate Bond Index Fund (UK)

Fixed Income

iShares Corporate Bond Index Fund (UK)

We are currently experiencing technical difficulties with publishing our offer prices. Please call 0800 445522 if you require an up to date offer price for this fund. Please note all price files received via e-mail from BlackRock are correct.We apologise for any inconvenience this may cause.

Overview

Investment Approach

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the Markit iBoxx GBP Non-Gilts Overall TR Index, the Fund’s benchmark index. The Fund is passively managed and the investment adviser has discretion to select the Fund’s investments and in doing so may take into consideration the Benchmark Index. The Fund invests in fixed income securities (such as bonds) that make up the benchmark index and, at the time of purchase, comply with the credit rating requirements of the benchmark index. The benchmark index measures the performance of fixed income securities denominated in Sterling issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) but excludes gilts (i.e. bonds) issued by the UK government. These may include fixed income securities which pay income according to a fixed rate of interest and will be investment grade (i.e. meet a specified level of credit worthiness) at the time of inclusion in the benchmark index.
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.
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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

3.86 14.25 -0.84 0.33 9.93
Benchmark (%) Index: iBoxx Sterling Non Gilt 1300CET (midday) 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

4.47 14.68 -0.81 0.28 9.96
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.
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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.

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 6, 2019 GBP 5,395.590
Price Yield as of Feb 6, 2018 2.31
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 Nov 29, 2019 1177
Base Currency British Pound
Fund Inception Date Jun 30, 2010
Share Class Inception Date Jun 30, 2010
Asset Class Fixed Income
Benchmark Index iBoxx Sterling Non Gilt 1300CET (midday) index
Investment Association Category £ Corporate Bond
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
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. 0.21%
ISIN GB00B5MMQ552
Bloomberg Ticker BCOBTDA
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. 0.20%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B5MMQ55
Bloomberg Benchmark Ticker IB_GBPXGLT
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 1000000
Minimum Subsequent Investment GBP 100
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst The average rate of return of the portfolio at current market prices, adjusting for optionality. as of Nov 29, 2019 1.91%
Modified Duration Modified Duration is a measure of price sensitivity of a bond to changes in interest rates. It inversely indicates the expected change in the price of a bond, assuming a 1% change in interest rates. The Modified Duration of iShares ETFs is calculated as the average of the underlying bonds' modified duration values, weighted by the bond's weight in the fund. as of Nov 29, 2019 7.75 yrs
Effective Duration Effective Duration is the approximate percentage change in price for a 1% parallel shift of the yield curve. Effective duration adjusts for changes in projected cashflows as a result of yield changes, accounting for embedded optionality. as of Nov 29, 2019 7.78 yrs
Weighted Avg Maturity Weighted Average Maturity is the length of time until the average security in the fund will mature or be redeemed by its issuer. It indicates a fixed income fund's sensitivity to interest rate changes. Longer average weighted maturity implies greater volatility in response to interest rate changes. This metric considers the likelihood that bonds will be called or prepaid. as of Nov 29, 2019 10.86 yrs
3y Volatility - Benchmark as of Nov 30, 2019 3.74
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&#39;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.<br/><br/>Calculated vs. Benchmark Index as of Nov 30, 2019 1.020
5y Volatility - Benchmark as of Nov 30, 2019 5.19
5y Beta as of Nov 30, 2019 1.019
WAL to Worst The weighted average time to receipt of principal, adjusting for embedding optionality. as of Nov 29, 2019 10.86 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for iShares Corporate Bond Index Fund (UK), Class L, as of Nov 30, 2019 rated against 477 GBP Corporate Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Feb 7, 2019)
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 Nov 29, 2019
Name Weight (%)
KFW BANKENGRUPPE MTN 6 12/07/2028 0.68
EUROPEAN INVESTMENT BANK 6 12/07/2028 0.62
TESCO PROPERTY RegS 0.59
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.49
KFW BANKENGRUPPE MTN RegS 5.55 06/07/2021 0.44
Name Weight (%)
KFW MTN RegS 0.875 03/15/2022 0.42
KFW RegS 1.375 02/01/2021 0.41
EUROPEAN INVESTMENT BANK 5 04/15/2039 0.41
EUROPEAN INVESTMENT BANK MTN RegS 0.875 12/15/2023 0.39
EUROPEAN INVESTMENT BANK MTN RegS 2.5 10/31/2022 0.39
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 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 Distribution Frequency Bid Price ISIN TIS
L Accumulating 1.67 GB00B5MMQ552 -
L Daily 1.38 GB00B847N473 -
A Accumulating 1.63 GB00B66TQP96 -
H Daily 1.17 GB00BKF2KH76 -
D Daily 1.36 GB00B7J60R40 -
H Accumulating 1.33 GB00BJL5BV43 -
D Accumulating 1.65 GB00B84DSW83 -
X Daily 1.24 GB00B8DYSW23 -
X Accumulating 1.52 GB00B5WN6148 -

Portfolio Managers

Portfolio Managers

Duncan Fergusson
Duncan Fergusson

Literature

Literature