Fixed Income

BlackRock Euro Corporate Bond Fund

IMPORTANT:
•  The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. An increase in interest rates may adversely affect the value of the bonds held by the Fund.
•  The Fund is subject to currency risk, foreign investments restrictions risk, geographical concentration risk in Europe, sovereign debt risk, securities lending counterparty risk and contingent convertible bonds risk.
•  The Fund may use derivatives for hedging and extensively for investment purposes. Risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The Fund’s volatility may increase or decrease from its derivative usage, and may suffer losses.
•  The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
•  Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Performance

Performance

Chart

Performance chart data not available for display.
View Charts & Calendar Year Performance
  1y 3y 5y 10y Incept.
5.31 - - - 4.94
Benchmark (%)

as of 30-Sep-2020

5.15 - - - 5.00
  YTD 6m 1y 3y 5y 10y Incept.
7.16 6.93 5.31 - - - 12.83
Benchmark (%)

as of 30-Sep-2020

7.31 5.96 5.15 - - - 13.01
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Size of Fund (Millions) as of 26-Oct-2020 EUR 3,494.293 M
Base Currency EUR
Fund Inception 14-May-2003
Share Class Currency CZK
Share Class Inception Date 28-Mar-2018
Additional Currencies CHF, EUR, GBP, SEK, USD
Asset Class Fixed Income
Morningstar Category EUR Corporate Bond
Benchmark Index ICE BofA Euro Corporate Index (ER00) - CZK
Distribution Frequency Non-Distributing
ISIN LU1791176222
Bloomberg Ticker BGECA2C
Management Fee (incl Distribution Fee, if any) 0.80%
Initial Charge 5.00%
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Sep-2020 0.78
Modified Duration as of 30-Sep-2020 5.44 yrs
12M Trailing Distribution as of - -
Effective Duration as of 30-Sep-2020 5.22
3y Volatility as of - -
5yr Volatility as of - -
Since Class Inception – Volatility as of 30-Sep-2020 4.12
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 3.88
Since Class Inception - Beta as of 30-Sep-2020 1.03

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
APPLE INC 2.55 08/20/2060 0.99
ING GROEP NV MTN RegS 2.125 05/26/2031 0.75
ARGENTA SPAARBANK NV RegS 1 02/06/2024 0.72
CHORUS LTD MTN RegS 1.125 10/18/2023 0.67
TAKEDA PHARMACEUTICAL CO LTD 2 07/09/2040 0.62
Name Weight (%)
SHELL INTERNATIONAL FINANCE BV MTN RegS 0.5 11/08/2031 0.59
BECTON DICKINSON AND COMPANY 1.401 05/24/2023 0.57
KBC GROEP NV MTN RegS 0.125 09/10/2026 0.57
BANK OF AMERICA CORP MTN RegS 0.808 05/09/2026 0.55
INTERNATIONAL FLAVORS & FRAGRANCES 1.8 09/25/2026 0.53
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2020

% of Weight

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 geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch. This breakdown is provided by BlackRock and takes the middle rating of the 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. Ratings and portfolio credit quality may change over time.
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.
Due to rounding, the total may not be equal to 100%

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 CZK Non-Distributing 481.27 0.58 0.12 26-Oct-2020 482.27 423.38 LU1791176222
C2 EUR Non-Distributing 14.20 0.00 0.00 26-Oct-2020 14.30 12.56 LU0162661242
A2 Hedged SEK Non-Distributing 107.40 -0.02 -0.02 26-Oct-2020 107.58 94.13 LU1622601463
A2 EUR Non-Distributing 17.63 0.00 0.00 26-Oct-2020 17.66 15.48 LU0162658883
D3 EUR Monthly 14.00 0.00 0.00 26-Oct-2020 14.02 12.31 LU0827877803
A1 EUR Monthly (Daily Calculation) 14.25 -0.01 -0.07 26-Oct-2020 14.28 12.53 LU0162660350
A3 EUR Monthly 13.99 -0.01 -0.07 26-Oct-2020 14.02 12.31 LU0172394222
D2 EUR Non-Distributing 18.50 -0.01 -0.05 26-Oct-2020 18.53 16.21 LU0368266499
A2 Hedged CHF Non-Distributing 10.63 0.00 0.00 26-Oct-2020 10.65 9.35 LU1445717629
A2 Hedged GBP Non-Distributing 11.21 0.00 0.00 26-Oct-2020 11.23 9.81 LU1445718197
D2 Hedged CHF Non-Distributing 10.83 0.00 0.00 26-Oct-2020 10.84 9.50 LU1445718783
D2 Hedged GBP Non-Distributing 11.38 0.00 0.00 26-Oct-2020 11.40 9.94 LU1445719088
D2 Hedged USD Non-Distributing 12.12 -0.01 -0.08 26-Oct-2020 12.14 10.54 LU1445718437
A2 Hedged USD Non-Distributing 11.93 0.00 0.00 26-Oct-2020 11.95 10.40 LU1445717389

Portfolio Managers

Portfolio Managers

Tom Mondelaers
Tom Mondelaers
Jozef Prokes
Jozef Prokes

Documents

Documents