Fixed Income

EFRN

iShares € Floating Rate 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.
Show Fewer
Loading

Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

- - - - -
Benchmark (%) Index: Bloomberg Barclays EUR FRN Corporate 2% Issuer Cap Bond Index

as of Dec 31, 2018

- - - - -
  2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - - - -
Benchmark (%) Index: Bloomberg Barclays EUR FRN Corporate 2% Issuer Cap Bond Index - - - - -
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

Distributions

Record Date Ex-Date Total Distribution
View full table

Key Facts

Key Facts

Net Assets as of Mar 15, 2019 EUR 44,577,235
Base Currency EUR
Inception Date Jun 27, 2018
Asset Class Fixed Income
Domicile Ireland
Benchmark Index Bloomberg Barclays EUR FRN Corporate 2% Issuer Cap Bond Index
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Seeking
Rebalance Freq Monthly
ISIN IE00BF5GB717
Bloomberg Ticker EFRN LN
Issuing Company iShares II 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 8,936,000
Benchmark Level as of Mar 15, 2019 EUR 124.91
Benchmark Ticker I33454EU
Fiscal Year End Oct 31, 2019

Holdings

Holdings

as of Mar 15, 2019
Ticker ISIN Name Sector Country Asset Class Shares Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of Mar 15, 2019
Issuer Weight (%)
RCI BANQUE SA 2.10
WELLS FARGO & COMPANY 2.02
BANK OF AMERICA CORP 2.02
NATWEST MARKETS PLC 2.02
AT&T INC 2.02
Issuer Weight (%)
BNP PARIBAS SA 2.01
SOCIETE GENERALE SA 2.01
MORGAN STANLEY 1.97
GOLDMAN SACHS GROUP INC/THE 1.96
INTESA SANPAOLO SPA 1.91
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
Holdings are subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 15, 2019

% of Market Value

Type Fund Benchmark Net
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 Mar 15, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 15, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 15, 2019

% of Market Value

Type Fund Benchmark Net
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 EFRN EUR Jun 28, 2018 BFMKYH7 EFRN LN EFRN.L - - IE00BF5GB717 A2JBMD 39764202 - -
SIX Swiss Exchange EFRN EUR Nov 20, 2018 BDFVT90 - EFRN.S - - IE00BF5GB717 A2JBMD 39764202 - -

Literature

Literature