Fixed Income

BlackRock Euro Credit Enhanced Index Fund

Overview

Important Information: Capital at Risk. 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.

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Performance

Performance

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in EUR, hedged Share Class Benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

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Reinvestments

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

Key Facts

Key Facts

Size of Fund (Millions) as of 11-Aug-20 EUR 1,224.671
Fund Launch Date 30-Jun-03
Inception Date 30-Jun-03
Base Currency EUR
Asset Class Fixed Income
Morningstar Category EUR Corporate Bond
Benchmark Index FTSE EuroBIG ex Domestic Treasury Index
Valor -
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
ISIN GB0033157560
Bloomberg Ticker BGIECOI
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 3315756
Bloomberg Benchmark Ticker EURCRETTHP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 500000
Minimum Subsequent Investment EUR 5000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 09-Jul-20 23.35
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 09-Jul-20 Bond EUR Corporates
All data is from MSCI ESG Fund Ratings as of 09-Jul-20, based on holdings as of 29-Feb-20. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

 

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BlackRock Euro Credit Enhanced Index Fund, Flex, as of 31-Jul-20 rated against 980 EUR Corporate Bond Funds.

Holdings

Holdings

as of 30-Jun-20
Name Weight (%)
ISH CORE EUR CORP BND ETF EUR DIST 1.99
CAISSE D AMORTISSEMENT DE LA DETTE MTN RegS 2.5 10/25/2022 0.87
EUROPEAN STABILITY MECHANISM RegS 0 03/14/2025 0.85
EUROPEAN INVESTMENT BANK 0 05/23/2023 0.84
KFW MTN RegS 0 06/30/2023 0.84
Name Weight (%)
KREDITANSTALT FUER WIEDERAUFBAU MTN 2.5 01/17/2022 0.79
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 0.5 01/20/2023 0.77
KFW 0.25 09/15/2025 0.56
EUROPEAN INVESTMENT BANK MTN 1.375 09/15/2021 0.56
EUROPEAN INVESTMENT BANK MTN 1 04/14/2032 0.54
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% 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
Flex EUR None 19.78 -0.03 -0.13 19.89 18.58 19.73 GB0033157560 19.83 -
Flex EUR Daily 13.15 -0.02 -0.13 13.42 12.35 13.12 IE00B1JC0J29 13.19 -
Inst EUR Semi-Annual 10.97 -0.01 -0.13 11.19 10.31 10.94 IE00B8138T89 11.00 -

Portfolio Managers

Portfolio Managers

Riyadh Ali
Riyadh Ali
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature