Equity

1159110

iShares MSCI China A UCITS ETF

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.

The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investment risk is concentrated in specific sectors, countries or companies. This means that the Fund is more sensitive to any localised economic, market, political or regulatory events. Overseas investments will be affected by movements in currency exchange rates.

The Fund may invest in China A Shares trading on the Shanghai Stock Exchange and Shenzhen Stock Exchange via Stock Connect which is subject to a daily quota. Once the remaining balance of the relevant quota drops to zero or the daily quota is exceeded, buy orders will be rejected. Therefore, quota limitations may restrict the relevant Stock Connect Fund’s ability to invest in China A Shares through the Stock Connect on a timely basis. Additional risks applicable to using Stock Connect include, but are not limited to, legal/beneficial ownership risk, clearing and settlement risk, suspension risk, differences in trading days, restrictions on selling impose by front-end monitoring, operational risk, regulatory risk, recalling of eligible stocks risk, no protection by investor compensation fund, taxation risks, and settlement mode under the SPSA models. For a more detailed explanation of these risks, please review the prospectus.

The Fund may also invests in China A Shares via the Investment Manager’s “RQFII” investment quota. The Fund is subject to RQFII policy, when trading via the RQFII route, and rule changes which could adversely impact the Fund or the Investment Manager’s RQFII quota as well as the Fund’s ability to hold China A-Shares. The Fund is subject to restrictions and requirements applicable to RQFII investment, including the following risks: regulatory policies risk, license, quota and repatriation risk, PRC assets risk, RQFII custodian and PRC broker risk, foreign exchange risk and RQFII quota allocation conflict risk.

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. 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. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Emerging Markets Risk: Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. 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. iShares MSCI China A UCITS ETF - Quota Limit: Should demand for the Fund exceed the quota granted to the investment manager for investment in onshore Chinese securities, the investment manager may be unable to obtain additional quota. This may result in subscriptions being suspended and the Shares of the Fund trading at a significant premium or discount to Net Asset Value on any stock exchange on which they are admitted to trading. iShares MSCI China A UCITS ETF - Tax: The PRC/Ireland tax treaty provides for exemption from Chinese capital gains tax on sales of the Fund’s investment in China A Shares. Although the Fund is expected to be exempt, there is a risk that the PRC tax authorities could consider the Fund not to be eligible for the PRC/Ireland tax treaty and seek to collect such tax on a retrospective basis, which would affect the value of the investment. Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

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 24-May-2024
USD 2,668,437,946
Share Class launch date
08-Apr-2015
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Total Expense Ratio
0.40%
Use of Income
Accumulating
Product Structure
Physical
Methodology
Replicated
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May
Net Assets of Fund
as of 24-May-2024
USD 2,681,039,825
Fund Launch Date
08-Apr-2015
Fund Base Currency
USD
Benchmark Index
MSCI China A Inclusion Index
Shares Outstanding
as of 24-May-2024
632,223,414
ISIN
IE00BQT3WG13
Domicile
Ireland
Rebalance Frequency
Quarterly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
iSFF401 IT

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 24-May-2024
519
Benchmark Ticker
M1CNA
3y Beta
as of 30-Apr-2024
1.002
P/B Ratio
as of 24-May-2024
1.62
Benchmark Level
as of 24-May-2024
USD 1,009.66
Standard Deviation (3y)
as of 30-Apr-2024
21.22%
P/E Ratio
as of 24-May-2024
14.62

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 24-May-2024
0.00%
MSCI - Nuclear Weapons
as of 24-May-2024
0.00%
MSCI - Civilian Firearms
as of 24-May-2024
0.00%
MSCI - Tobacco
as of 24-May-2024
0.00%
MSCI - UN Global Compact Violators
as of 24-May-2024
2.40%
MSCI - Thermal Coal
as of 24-May-2024
2.82%
MSCI - Oil Sands
as of 24-May-2024
0.00%

Business Involvement Coverage
as of 24-May-2024
100.00%
Percentage of Fund not covered
as of 24-May-2024
0.00%
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 3.83% and for Oil Sands 0.00%.

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

  • Chile

  • Denmark

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Israel

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • 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 24-May-2024

% of Market Value

Type Fund
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
London Stock Exchange CNYA USD 13-Apr-2015 BQT3WF0 CNYA.LN CNYA.L
Euronext Amsterdam CNYA EUR 03-Sept-2021 BP2P7B7 - CNYA.AS
Deutsche Boerse Xetra 36BZ EUR 14-Apr-2015 BWNH4F4 36BZ GY 36BZ.DE
London Stock Exchange IASH GBP 13-Apr-2015 BQT3WG1 IASH.LN IASH.L
Bolsa Mexicana De Valores CNYA MXN 08-Dec-2017 BYVJ1W2 CNYAN MM CNYAN.MX
Santiago Stock Exchange CNYA CLP 13-Jan-2023 BK81394 CNYA CL -
SIX Swiss Exchange CNYA USD 26-Jun-2015 BY9CV90 CNYA SW CNYA.S
Tel Aviv Stock Exchange 1159110 ILS 03-Sept-2019 BK8Y984 iSFF401 IT iSFF401.TA

Literature

Literature