Fixed Income

UEDA

iShares $ Ultrashort Bond ESG UCITS ETF

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.

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.
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Performance

Performance

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.
Returns not available as there is less than one year’s performance data.
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. 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

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. 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 realize returns that are different to the NAV performance.

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

Net Assets as of 03-Dec-21 USD 9,994
Net Assets of Fund as of 03-Dec-21 USD 9,834,035
Inception Date 05-Oct-21
Fund Launch Date 16-Mar-20
Share Class Currency USD
Base Currency USD
Asset Class Fixed Income
SFDR Classification Article 8
Benchmark Index iBoxx MSCI ESG USD Liquid Investment Grade Ultrashort
Shares Outstanding as of 03-Dec-21 2,000
Total Expense Ratio 0.09%
Use of Income Accumulating
Securities Lending Return -
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
UCITS 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 UEDA SE
ISIN IE0005QL4147

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 02-Dec-21 106
Benchmark Level as of 03-Dec-21 USD 111.29
Benchmark Ticker IBXXUES1
Weighted Average YTM as of 02-Dec-21 0.61%
Weighted Avg Coupon as of 02-Dec-21 1.92
3y Beta as of - -
Weighted Avg Maturity as of 02-Dec-21 0.70
Effective Duration as of 02-Dec-21 0.22
Standard Deviation (3y) as of - -

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, 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 ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 05-Nov-21 AAA
MSCI ESG % Coverage as of 05-Nov-21 99.03
MSCI ESG Quality Score (0-10) as of 05-Nov-21 9.58
MSCI ESG Quality Score - Peer Percentile as of 05-Nov-21 98.55
Fund Lipper Global Classification as of 05-Nov-21 Bond USD Short Term
Funds in Peer Group as of 05-Nov-21 138
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05-Nov-21 52.64
All data is from MSCI ESG Fund Ratings as of 05-Nov-21, based on holdings as of 30-Sep-21. 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 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.

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 02-Dec-21 0.00%
MSCI - UN Global Compact Violators as of 02-Dec-21 0.00%
MSCI - Nuclear Weapons as of 02-Dec-21 0.00%
MSCI - Thermal Coal as of 02-Dec-21 0.00%
MSCI - Civilian Firearms as of 02-Dec-21 0.00%
MSCI - Oil Sands as of 02-Dec-21 0.00%
MSCI - Tobacco as of 02-Dec-21 0.00%

Business Involvement Coverage as of 02-Dec-21 99.47%
Percentage of Fund not covered as of 02-Dec-21 0.53%
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

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 02-Dec-21
Issuer Weight (%)
CITIGROUP INC 4.11
DAIMLER FINANCE NORTH AMERICA LLC 4.10
TOYOTA MOTOR CREDIT CORP 3.58
MORGAN STANLEY 3.08
GOLDMAN SACHS GROUP INC/THE 2.83
Issuer Weight (%)
MITSUBISHI UFJ FINANCIAL GROUP INC 2.82
CREDIT SUISSE GROUP AG 2.58
SIEMENS FINANCIERINGSMAATSCHAPPIJ N.V. 2.57
BANK OF NOVA SCOTIA 2.30
JPMORGAN CHASE & CO 2.07
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
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 02-Dec-21

% of Market Value

Type Fund
as of 02-Dec-21

% of Market Value

Type Fund
as of 01-Dec-21

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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
SIX Swiss Exchange UEDA USD 07-Oct-21 BMCQTC4 UEDA SE UEDA.S - - IE0005QL4147 A3C3CQ 113741039 - -

Literature

Literature