Fixed Income

Global Corporate ESG and Credit Screened Fund

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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of 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. Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way. The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening prior to investment investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Performance

Performance

Reinvestments

This product does not have any distributions data as of now.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 USD, hedged Share Class Benchmark performance is displayed in USD.

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

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Jul-21 USD 208.117
Fund Launch Date 31-Jul-20
Inception Date 31-Jul-20
12m Trailing Yield -
Number of Holdings as of 30-Jun-21 1155
Base Currency U.S. Dollar
Asset Class Fixed Income
Morningstar Category -
Benchmark Index BBG Barc Global Aggregate Corporate Index (USD Hedged)
SFDR Classification Article 8
Valor -
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charges Figures 0.20%
ISIN IE00BL5H0V36
Bloomberg Ticker BLACSZU
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BL5H0V3
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 10000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM 1.59%
Modified Duration 7.34
Effective Duration 7.26
Weighted Avg Maturity 9.81
WAL to Worst 9.81

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. 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 30-Jun-21 0.00%
MSCI - UN Global Compact Violators as of 30-Jun-21 0.00%
MSCI - Nuclear Weapons as of 30-Jun-21 0.00%
MSCI - Thermal Coal as of 30-Jun-21 0.00%
MSCI - Civilian Firearms as of 30-Jun-21 0.00%
MSCI - Oil Sands as of 30-Jun-21 0.00%
MSCI - Tobacco as of 30-Jun-21 0.00%

Business Involvement Coverage as of 30-Jun-21 98.30%
Percentage of Fund not covered as of 30-Jun-21 3.86%
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 0.49% and for Oil Sands 2.10%.

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 30-Jun-21
Name Weight (%)
JPMORGAN CHASE & CO 3.875 02/01/2024 0.42
MORGAN STANLEY 0.985 12/10/2026 0.37
AT&T INC 144A 2.55 12/01/2033 0.35
VOLKSWAGEN LEASING GMBH MTN RegS 1.5 06/19/2026 0.30
BANK OF AMERICA CORP MTN 3.97 03/05/2029 0.30
Name Weight (%)
COSTCO WHOLESALE CORPORATION 1.375 06/20/2027 0.29
ROYAL BANK OF CANADA MTN 1.2 04/27/2026 0.28
GENERAL MOTORS FINANCIAL CO INC 2.35 01/08/2031 0.28
MCCORMICK & COMPANY INCORPORATED 1.85 02/15/2031 0.28
DELL INTERNATIONAL LLC 4.9 10/01/2026 0.28
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% 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
Class Z USD - 101.68 -0.09 -0.09 102.00 97.86 101.68 IE00BL5H0V36 101.68 -
Class A Acc USD - 101.54 -0.09 -0.09 101.97 97.85 101.54 IE00BL5H0N51 101.54 -
Class X Hedged CHF - 100.63 -0.09 -0.09 101.42 97.01 100.63 IE00BL5H0Q82 100.63 -
Class D Acc USD - 101.68 -0.09 -0.09 102.00 97.86 101.68 IE00BL5H0P75 101.68 -
Class X Hedged GBP - 99.45 -0.09 -0.09 101.11 96.62 99.45 IE00BL5H0T14 99.45 -
Class X Hedged GBP - 101.54 -0.09 -0.09 101.88 97.65 101.54 IE00BKSBGM81 101.54 -
Class Z Hedged EUR - 100.89 -0.09 -0.09 101.57 97.28 100.89 IE00BL5H0W43 100.89 -

Portfolio Managers

Portfolio Managers

Riyadh Ali
Riyadh Ali

Literature

Literature