Fixed Income

EXHE

iShares Pfandbriefe UCITS ETF (DE)

Overview

Important Information: 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.

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Ex-Date Payable Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 4.54 0.12 1.26 -0.09 0.40 2.37 1.77 -2.30 -13.27 5.42
Benchmark (%) 4.53 0.19 1.29 -0.01 0.44 2.40 1.79 -2.18 -13.11 5.47
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31-Dec-23

2.37 1.77 -2.30 -13.27 5.42
Benchmark (%)

as of 31-Dec-23

2.40 1.79 -2.18 -13.11 5.47
  1y 3y 5y 10y Incept.
4.29 -3.78 -1.77 -0.33 1.46
Benchmark (%) 4.33 -3.71 -1.68 -0.27 1.58
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.35 -1.07 0.91 1.98 4.29 -10.93 -8.53 -3.28 32.16
Benchmark (%) -1.35 -1.06 0.91 2.01 4.33 -10.71 -8.15 -2.66 35.34
As of 01 Jul 2013 the index tracked for this fund changed from eb.rexx® Jumbo Pfandbriefe to Markit iBoxx Pfandbriefe Index

Key Facts

Key Facts

Net Assets of Fund as of 01-Mar-24 EUR 513,268,700
Fund Launch Date 02-Dec-04
Base Currency EUR
Asset Class Fixed Income
Benchmark Index Markit iBoxx Pfandbriefe Index
SFDR Classification Other
Shares Outstanding as of 01-Mar-24 5,489,790
Total Expense Ratio 0.10%
ISIN DE0002635265
Distribution Frequency Up to 4x per year
Use of Income Distributing
Domicile Germany
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
UCITS Yes
Issuing Company BlackRock Asset Management Deutschland AG
Fund Manager BlackRock Asset Management Deutschland AG
Administrator State Street Bank GmbH
Custodian State Street Bank GmbH
Fiscal Year End 30 April
Bloomberg Ticker R1JKEX GY
Creation Price as of 01-Mar-24 95.37
Cancellation Price as of 01-Mar-24 92.57

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Feb-24 262
Benchmark Level as of 01-Mar-24 EUR 183.69
Benchmark Ticker IBXXDECT
12 Month Trailing Dividend Distribution Yield as of 29-Feb-24 0.90
Standard Deviation (3y) as of 29-Feb-24 5.10%
3y Beta as of 29-Feb-24 1.004
Weighted Average YTM as of 29-Feb-24 3.23%
Weighted Avg Coupon as of 29-Feb-24 1.33
Weighted Avg Maturity as of 29-Feb-24 4.73
Effective Duration as of 29-Feb-24 4.47

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 21-Feb-24 AA
MSCI ESG % Coverage as of 21-Feb-24 96.44
MSCI ESG Quality Score (0-10) as of 21-Feb-24 7.15
MSCI ESG Quality Score - Peer Percentile as of 21-Feb-24 70.16
Fund Lipper Global Classification as of 21-Feb-24 Bond EUR
Funds in Peer Group as of 21-Feb-24 305
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Feb-24 4.09
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Feb-24 98.57
All data is from MSCI ESG Fund Ratings as of 21-Feb-24, based on holdings as of 31-Jan-24. 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% (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.

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 29-Feb-24 0.00%
MSCI - UN Global Compact Violators as of 29-Feb-24 0.00%
MSCI - Nuclear Weapons as of 29-Feb-24 0.00%
MSCI - Thermal Coal as of 29-Feb-24 0.00%
MSCI - Civilian Firearms as of 29-Feb-24 0.00%
MSCI - Oil Sands as of 29-Feb-24 0.00%
MSCI - Tobacco as of 29-Feb-24 0.00%

Business Involvement Coverage as of 29-Feb-24 98.96%
Percentage of Fund not covered as of 29-Feb-24 1.04%
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 0.00% 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

  • France

  • Germany

  • Italy

  • Luxembourg

  • Netherlands

  • Switzerland

Holdings

Holdings

as of 29-Feb-24
Issuer Weight (%)
DZ HYP AG 13.56
COMMERZBANK AG 11.45
UNICREDIT BANK GMBH 9.18
MUENCHENER HYPOTHEKENBANK EG 8.51
BERLIN HYP AG 7.37
Issuer Weight (%)
LANDESBANK HESSEN THUERINGEN GIROZENTRALE 6.65
LANDESBANK BADEN-WUERTTEMBERG 6.27
DEUTSCHE BANK AG 5.21
NORDDEUTSCHE LANDESBANK GIROZENTRALE 4.54
DEUTSCHE PFANDBRIEFBANK AG 4.46
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date

The preliminary holdings of the fund are those taken prior to the start of each business day and are used to generate a daily static cash flow profile. This is determined by using a number of consistent assumptions which BlackRock believe to be appropriate in illustrating the cash flow profile of the fund for that day. The cash flow data is projected using the aggregated expected coupon and maturities of the individual bond holdings of the fund. Holdings and cashflows are subject to change and this information is not to be relied upon.

Exposure Breakdowns

Exposure Breakdowns

as of 29-Feb-24

% of Market Value

Type Fund
as of 29-Feb-24

% of Market Value

Type Fund
as of 29-Feb-24

% of Market Value

Type Fund
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Xetra EXHE EUR 09-Dec-04 B04KTX1 R1JKEX GY R1JKEX.DE
Berne Stock Exchange R1JKEX EUR 02-Feb-21 BMT9S30 R1JKEX BW R1JKEX.BN
Borsa Italiana EXHE EUR 26-Feb-08 B2PRR64 R1JKEX IM R1JKEX.MI

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment EUR 10,000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8,490 EUR
-15.1%
7,930 EUR
-7.4%

Unfavourable

What you might get back after costs
Average return each year
8,490 EUR
-15.1%
8,290 EUR
-6.0%

Moderate

What you might get back after costs
Average return each year
9,830 EUR
-1.7%
9,980 EUR
-0.1%

Favourable

What you might get back after costs
Average return each year
10,330 EUR
3.3%
10,300 EUR
1.0%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature