Fixed Income

iShares Euro Credit Bond Index Fund (IE)

Overview

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. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.
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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

8.16 0.05 3.28 0.97 -0.26
Benchmark (%) Index: FTSE EuroBIG ex Domestic Treasury Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2018

8.18 0.13 3.35 1.13 -0.17
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Distributions

This fund does not have any distributions data as of now.

Key Facts

Key Facts

Size of Fund (Millions) as of Jan 18, 2019 EUR 1,740.937
Fund Inception Date Dec 1, 2005
Share Class Inception Date Oct 25, 2012
Base Currency Euro
Asset Class Fixed Income
Morningstar Category EUR Corporate Bond
Benchmark Index FTSE EuroBIG ex Domestic Treasury Index
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
ISIN IE00B1N7Z987
Bloomberg Ticker BAREUCP
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B1N7Z98
Bloomberg Benchmark Ticker EZNBIFTTHP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 250000
Minimum Subsequent Investment EUR 50000
Use of Income Distributing

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for iShares Euro Credit Bond Index Fund (IE), Inst, as of Dec 31, 2018 rated against 958 EUR Corporate Bond Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Dec 31, 2018
Name Weight (%)
EUROPEAN INVESTMENT BANK MTN 2.25 10/14/2022 0.29
EUROPEAN INVESTMENT BANK 4.125 04/15/2024 0.25
EUROPEAN INVESTMENT BANK MTN 1.375 09/15/2021 0.24
CAISSE DAMORT DETTE SOC MTN RegS 4.375 10/25/2021 0.21
EUROPEAN INVESTMENT BANK MTN 4 04/15/2030 0.20
Name Weight (%)
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 1.75 10/29/2020 0.20
EUROPEAN INVESTMENT BANK MTN 2 04/14/2023 0.20
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 2.125 02/19/2024 0.19
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 3.375 07/05/2021 0.19
EUROPEAN INVESTMENT BANK MTN RegS 3 09/28/2022 0.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
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.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Inst EUR Annual 10.11 0.00 -0.01 10.39 10.07 10.10 IE00B1N7Z987 10.13 -
Inst EUR Accumulating 22.25 0.00 -0.01 22.39 22.09 22.21 IE0031080645 22.29 -
D EUR Accumulating 10.08 0.00 -0.01 10.14 10.01 10.06 IE00BD0NC698 10.10 -
Flex EUR Accumulating 22.88 0.00 -0.01 23.01 22.69 22.84 IE0005032192 22.91 -

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature