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.
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Performance

Performance

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This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -17.88 27.82 -26.06 35.40 42.62 2.84
Benchmark (%) -17.76 25.63 -28.54 36.17 43.20 3.20
  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31-Mar-2022

21.15 -3.82 -5.35 50.44 -8.24
Benchmark (%)

as of 31-Mar-2022

17.91 -5.94 -4.84 51.10 -7.95
  1y 3y 5y 10y Incept.
-23.12 9.90 6.99 - -0.11
Benchmark (%) -22.87 10.38 6.21 - -0.32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-20.79 2.74 -15.28 -19.70 -23.12 32.73 40.18 - -0.80
Benchmark (%) -20.67 2.77 -15.20 -19.57 -22.87 34.48 35.16 - -2.27
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The value of the investments may go up or down and the investor may not get back the amount invested.

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 realise returns that are different to the NAV performance.

Source: BlackRock. Performance data is displayed on a Net Asset Value basis, in Base Currency terms (as shown in Key Facts), with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Key Facts

Key Facts

Net Assets as of 28-Jun-2022 USD 2,615,310,066
Net Assets of Fund as of 28-Jun-2022 USD 2,616,855,961
Share Class launch date 08-Apr-2015
Fund Launch Date 08-Apr-2015
Share Class Currency USD
Fund Base Currency USD
Asset Class Equity
Benchmark Index MSCI China A Inclusion Index
SFDR Classification Other
Shares Outstanding as of 28-Jun-2022 466,478,029
Total Expense Ratio 0.40%
Use of Income Accumulating
Securities Lending Return -
Domicile Ireland
Product Structure Physical
Rebalance Frequency Quarterly
Methodology Optimised
UCITS Compliant Yes
Issuing Company iShares IV 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 31 May
Bloomberg Ticker iSFF401 IT
ISIN IE00BQT3WG13

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Jun-2022 496
Benchmark Level as of 28-Jun-2022 USD 1,332.03
Benchmark Ticker M1CNA
Standard Deviation (3y) as of 31-May-2022 19.63%
3y Beta as of 31-May-2022 0.999
P/E Ratio as of 28-Jun-2022 16.05
P/B Ratio as of 28-Jun-2022 2.06

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06-May-2022 B
MSCI ESG % Coverage as of 06-May-2022 100.00
MSCI ESG Quality Score (0-10) as of 06-May-2022 1.59
MSCI ESG Quality Score - Peer Percentile as of 06-May-2022 8.85
Fund Lipper Global Classification as of 06-May-2022 Equity China
Funds in Peer Group as of 06-May-2022 1,017
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06-May-2022 271.78
MSCI Weighted Average Carbon Intensity % Coverage as of 06-May-2022 99.71
All data is from MSCI ESG Fund Ratings as of 06-May-2022, based on holdings as of 31-Mar-2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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 28-Jun-2022 0.00%
MSCI - UN Global Compact Violators as of 28-Jun-2022 0.43%
MSCI - Nuclear Weapons as of 28-Jun-2022 0.00%
MSCI - Thermal Coal as of 28-Jun-2022 2.27%
MSCI - Civilian Firearms as of 28-Jun-2022 0.00%
MSCI - Oil Sands as of 28-Jun-2022 0.00%
MSCI - Tobacco as of 28-Jun-2022 0.00%

Business Involvement Coverage as of 28-Jun-2022 99.15%
Percentage of Fund not covered as of 28-Jun-2022 0.85%
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 2.41% 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

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Israel

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Saudi Arabia

  • 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 28-Jun-2022

% of Market Value

Type Fund
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 CNYA USD 13-Apr-2015 BQT3WF0 CNYA.LN CNYA.L INAVASHU 0J2NINAV.DE IE00BQT3WG13 - 32925366 - -
Euronext Amsterdam CNYA EUR 03-Sep-2021 BP2P7B7 - CNYA.AS - - IE00BQT3WG13 A12DPT 27819610 - -
Deutsche Boerse Xetra 36BZ EUR 14-Apr-2015 BWNH4F4 36BZ GY 36BZ.DE - - IE00BQT3WG13 A12DPT - - -
London Stock Exchange IASH GBP 13-Apr-2015 BQT3WG1 IASH.LN IASH.L - - IE00BQT3WG13 - - - -
Bolsa Mexicana De Valores CNYA MXN 08-Dec-2017 BYVJ1W2 CNYAN MM CNYAN.MX - - IE00BQT3WG13 - - - -
SIX Swiss Exchange CNYA USD 26-Jun-2015 BY9CV90 CNYA SW CNYA.S - - IE00BQT3WG13 - 27819610 - -
Tel Aviv Stock Exchange 1159110 ILS 03-Sep-2019 BK8Y984 iSFF401 IT iSFF401.TA - - IE00BQT3WG13 - - - -

Literature

Literature