Fixed Income

EFRN

iShares € Floating Rate Bond UCITS ETF

Overview

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.

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

Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged fund benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Distributions

Record Date Ex-Date Total Distribution
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Key Facts

Key Facts

Net Assets as of 17-Apr-2019 EUR 44,677,214
Base Currency EUR
Share Class launch date 27-Jun-2018
Asset Class Fixed Income
Domicile Ireland
Benchmark Index Bloomberg Barclays EUR FRN Corporate 2% Issuer Cap Bond Index
Rebalance Frequency Monthly
ISIN IE00BF5GB717
Valor 39764202
Bloomberg Ticker -
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 as of 17-Apr-2019 8,936,000
Benchmark Level as of 17-Apr-2019 EUR 125.19
Benchmark Ticker I33454EU
Fiscal Year End 31-Oct-2019

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate material sustainability considerations into their investment process. Within this, environmental, social, and governance (ESG) metrics can provide insight into a company’s management effectiveness and long-term financial prospects. Business Involvement metrics can help investors gain a more comprehensive view of specific activities to which a fund may be exposed through the investments it holds.

Business Involvement

Business Involvement

 

Holdings

Holdings

as of 17-Apr-2019
Ticker ISIN Name Name of Issuer Sector Country Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 17-Apr-2019
Issuer Weight (%)
GOLDMAN SACHS GROUP INC/THE 2.24
ING BANK NV 2.02
BANK OF AMERICA CORP 2.02
WELLS FARGO & COMPANY 2.02
AT&T INC 2.02
Issuer Weight (%)
BNP PARIBAS SA 2.02
NATWEST MARKETS PLC 2.02
SOCIETE GENERALE SA 2.01
MORGAN STANLEY 1.97
RCI BANQUE SA 1.88
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Country Market Currency Duration
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 17-Apr-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 17-Apr-2019

% of Market Value

Type Fund Benchmark Net
as of 17-Apr-2019

% of Market Value

Type Fund Benchmark Net
as of 17-Apr-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 Valor Common Code (EOC) ISIN of INAV
London Stock Exchange EFRN EUR 28-Jun-2018 BFMKYH7 EFRN LN EFRN.L - - IE00BF5GB717 A2JBMD 39764202 - -
SIX Swiss Exchange EFRN EUR 20-Nov-2018 BDFVT90 - EFRN.S - - IE00BF5GB717 A2JBMD 39764202 - -

Literature

Literature