Real Estate

USRE

iShares MSCI Target US Real Estate UCITS ETF

Overview

The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The Fund invests in a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund. Property investments are subject to adverse changes in economic conditions, adverse local market conditions and risks associated with the acquisition, financing and ownership and operation and disposal of real property. The Fund also invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest. Therefore the value of these securities are sensitive to movements in interest rates; typically when interest rates rise there is a corresponding decline in the market value of bonds. As inflation linked bonds provide coupon payments that increase and decrease in line with official inflation rates, they may provide investors some protection against rising levels of inflation. However the value of an inflation linked bonds may not increase in price as may be expected for other bonds if inflation levels fall.

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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

- 2.77 1.63 -2.81 13.38
Benchmark (%) Index: The MSCI USA IMI Liquid Real Estate Index

as of Mar 31, 2019

- 2.65 1.59 -2.84 13.51
  2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - 5.49 2.87 -3.49
Benchmark (%) Index: The MSCI USA IMI Liquid Real Estate Index - - 5.36 2.84 -3.34
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 18, 2019 USD 10,243,300
Base Currency USD
Inception Date Jan 9, 2015
Asset Class Real Estate
Domicile Ireland
Benchmark Index The MSCI USA IMI Liquid Real Estate Index
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Freq Semi-Annual
ISIN IE00BRHZ0620
Bloomberg Ticker USRE LN
Issuing Company iShares III 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 400,000
Benchmark Level as of Apr 18, 2019 USD 1,257.11
Benchmark Ticker MXCXBLRE
Fiscal Year End Jun 30, 2018

Holdings

Holdings

as of Apr 18, 2019
Ticker ISIN Name Sector Country Asset Class holdings.top.securityTypeDescription Shares Market Value Weight (%) Price Exchange Market Currency Notional Value
Issuer Ticker Name Name of the underlying security Asset Class Type Weight (%) Price Shares Market Value Notional Value Sector ISIN Exchange Country Market Currency

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, 2015

  • Securities Lending Return: 0.00
  • Average on-loan (% of AUM): 0.00
  • Maximum on-loan (% of AUM): 0.00
  • Collateralisation (% of Loan): 0.00
as of -
Name Ticker ISIN SEDOL Exchange Country Asset Class Weight (%) Notional value
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.

Please note that some of the fund holdings will be achieved by investing in Contracts for Difference (CFDs). A contract for difference is a derivative instrument that offers exposure to price changes in an underlying security without ownership of such security.

Exposure Breakdowns

Exposure Breakdowns

as of Apr 18, 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 18, 2019

% of Market Value

Type Fund
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 USRE USD Jan 13, 2015 BRHZ062 USRE LN USRE.L INAVSREU 0J2YINAV.DE IE00BRHZ0620 - 26550903 - -
Deutsche Boerse Xetra CEM1 EUR Jan 14, 2015 BVFZJ54 CEM1 GY CEM1.DE INAVSREE USREEINAV.DE IE00BRHZ0620 A12DPV - - -
London Stock Exchange USPR GBP Jan 13, 2015 BRHZ051 USPR LN USPR.L INAVSREG 0J2WINAV.DE IE00BRHZ0620 - - - -
SIX Swiss Exchange USRE USD Feb 27, 2015 BVDPS37 USRE SW USRE.S - - IE00BRHZ0620 - 26550903 - -

Literature

Literature

 

 

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