Equity

1159094

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Overview

Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss. Equity Risk: The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Concentration Risk: Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.

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
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Key Facts

Key Facts

Net Assets as of 08-Dec-2023 EUR 5,910,523,575
Net Assets of Fund as of 08-Dec-2023 EUR 5,910,523,575
Share Class launch date 25-Sep-2009
Fund Launch Date 25-Sep-2009
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Equity
Benchmark Index MSCI Europe
SFDR Classification Other
Shares Outstanding as of 08-Dec-2023 83,310,991
Total Expense Ratio 0.12%
ISIN IE00B4K48X80
Use of Income Accumulating
Securities Lending Return as of 30-Sep-2023 0.04%
Domicile Ireland
Product Structure Physical
Rebalance Frequency Quarterly
Methodology Optimised
UCITS Compliant Yes
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
Fiscal Year End 30 June
Bloomberg Ticker iSFF301 IT

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 07-Dec-2023 426
Benchmark Level as of 08-Dec-2023 EUR 305.19
Benchmark Ticker MSDEE15N
Standard Deviation (3y) as of 30-Nov-2023 13.79%
3y Beta as of 30-Nov-2023 1.000
P/E Ratio as of 07-Dec-2023 14.52
P/B Ratio as of 07-Dec-2023 1.96

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 07-Dec-2023 0.00%
MSCI - UN Global Compact Violators as of 07-Dec-2023 0.95%
MSCI - Nuclear Weapons as of 07-Dec-2023 0.95%
MSCI - Thermal Coal as of 07-Dec-2023 0.59%
MSCI - Civilian Firearms as of 07-Dec-2023 0.66%
MSCI - Oil Sands as of 07-Dec-2023 0.00%
MSCI - Tobacco as of 07-Dec-2023 0.81%

Business Involvement Coverage as of 07-Dec-2023 99.99%
Percentage of Fund not covered as of 07-Dec-2023 0.01%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.59% and for Oil Sands 4.50%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Israel

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Poland

  • Portugal

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Arab Emirates

  • United Kingdom

Holdings

Holdings

Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal ISIN Price Location Exchange Market Currency
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 07-Dec-2023

% of Market Value

Type Fund
as of 07-Dec-2023

% 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 location where the issuer of the securities carries out much of their business.
Allocations are subject to change.

Securities Lending

Securities Lending

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.

  From
30-Sep-2013
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30-Sep-2014
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30-Sep-2015
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30-Sep-2016
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30-Sep-2016
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30-Sep-2017
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30-Sep-2018
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30-Sep-2019
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30-Sep-2020
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30-Sep-2021
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Securities Lending Return (%) 0.03 0.02 0.03 0.03 0.04 0.03 0.03 0.03 0.03 0.04
Average on-loan (% of AUM) 2.24 5.76 13.02 14.43 16.98 12.72 11.63 11.05 13.31 14.66
Maximum on-loan (% of AUM) 9.31 11.48 23.09 23.69 21.57 18.11 22.02 19.58 22.18 22.82
Collateralisation (% of Loan) 113.25 113.93 111.33 110.64 109.92 111.17 110.62 110.43 109.90 109.77
The above table summarises the lending data available for the fund.

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. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of 07-Dec-2023
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

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 below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

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 bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
London Stock Exchange SMEA GBP 28-Sep-2009 B4L60K4 SMEA LN SMEA.L
Euronext Amsterdam IMAE EUR 13-Oct-2009 B4VL7Q4 IMAE NA IMEA.AS
Deutsche Boerse Xetra EUNK EUR 20-Oct-2009 BPBFLD8 EUNK GY EUNK.DE
Bolsa Mexicana De Valores EUNK MXN 26-Dec-2017 BFYLNB5 EUNKN MM -
Borsa Italiana SMEA EUR 19-Jan-2010 B581DK0 SMEA IM SMEA.MI
SIX Swiss Exchange IMEA CHF 05-Jul-2011 B3ZMRR7 IMEA SW IMEA.S
Tel Aviv Stock Exchange 1159094 ILS 05-Aug-2019 BK8Y962 iSFF301 IT iSFF301.TA

Literature

Literature