Fixed Income

EMCP

iShares J.P. Morgan $ EM Corp Bond UCITS ETF

Overview

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.
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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015
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
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Mar 31, 2019

2.75 2.05 9.32 2.81 4.18
Benchmark (%) Index: J.P. Morgan CEMBI Broad Diversified Core Index

as of Mar 31, 2019

3.04 2.56 9.63 3.22 4.67
  2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 3.11 -0.25 10.80 7.68 -2.53
Benchmark (%) Index: J.P. Morgan CEMBI Broad Diversified Core Index 3.47 0.08 11.30 8.03 -2.06
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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Distributions

Record Date Ex-Date Total Distribution
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Key Facts

Key Facts

Net Assets as of Apr 24, 2019 USD 529,188,766
Net Assets of Fund as of Apr 24, 2019 USD 571,623,414
Base Currency USD
Share Class Currency USD
Fund Inception Date Apr 17, 2012
Inception Date Apr 17, 2012
Asset Class Fixed Income
Domicile Ireland
Benchmark Index J.P. Morgan CEMBI Broad Diversified Core Index
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Freq Monthly
ISIN IE00B6TLBW47
Bloomberg Ticker EMCP LN
Issuing Company iShares V plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding 5,290,194
Benchmark Level as of Apr 24, 2019 USD 340.63
Benchmark Ticker JBCDCORE
Fiscal Year End Nov 30, 2019

Holdings

Holdings

as of Apr 23, 2019
Ticker ISIN Name Sector Country Asset Class Shares Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of Apr 23, 2019
Issuer Weight (%)
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.37
PETROBRAS GLOBAL FINANCE BV 2.32
ECOPETROL SA 1.88
SANDS CHINA LTD 1.34
FIRST QUANTUM MINERALS LTD 1.12
Issuer Weight (%)
GAZ CAPITAL SA 1.12
ABU DHABI NATIONAL ENERGY COMPANY PJSC 1.11
ALTICE FINANCING SA 1.02
YPF SA 1.00
BANCO DO BRASIL SA (GRAND CAYMAN BRANCH) 0.86
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Shares Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Country Market Currency Duration

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

 

Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of Dec 31, 2018

  • Securities Lending Return: 0.09
  • Average on-loan (% of AUM): 17.28
  • Maximum on-loan (% of AUM): 23.23
  • Collateralisation (% of Loan): 107.04
as of Apr 23, 2019
Name Ticker ISIN SEDOL Country Asset Class Weight (%)
The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
~The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing basis and are subject to change.

Holdings are subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 23, 2019

% of Market Value

Type Fund
as of Apr 23, 2019

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of Apr 23, 2019

% of Market Value

Type Fund
as of Apr 23, 2019

% of Market Value

Type Fund
as of Apr 23, 2019

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valoren Common Code (EOC) ISIN of INAV
London Stock Exchange EMCP GBP Apr 19, 2012 B6835Z2 EMCP LN EMCP.L EMCRUINAV.DE INAVMCRU IE00B6TLBW47 - 18425202 - -
Deutsche Boerse Xetra IS0Q EUR Jul 23, 2012 B89D1Y6 IS0Q GY IS0Q.DE - - IE00B6TLBW47 A1JWS3 - - -
London Stock Exchange EMCR USD Apr 19, 2012 B6TLBW4 EMCR LN EMCR.L EMCRGINAV.DE INAVMCRG IE00B6TLBW47 - - - -
Bolsa Mexicana De Valores EMCR MXN Jun 22, 2018 BDZ9XB4 EMCRN MM EMCRN.MX - - IE00B6TLBW47 - - - -
Borsa Italiana EMCR EUR May 20, 2013 B9MCNP2 EMCR IM EMCP.MI INAVMCRU EMCRUINAV.DE IE00B6TLBW47 - - - -
SIX Swiss Exchange EMCR CHF May 2, 2013 B96QP21 EMCR SW EMCU.S INAVMCRC - IE00B6TLBW47 - 18425202 - -

Literature

Literature

 

 

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