DTLE

iShares $ Treasury Bond 20+yr UCITS ETF

Fixed Income

DTLE

iShares $ Treasury Bond 20+yr UCITS ETF

Overview

WHY DTLE?

  1. Targeted exposure to long-term US treasuries
  2. Direct investment in government bonds
  3. Single country  government bond  exposure

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index composed of US Dollar denominated government bonds issued by the US Treasury.

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.

Important Information:The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The Fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest. Therefore the value of these securities are sensitive to movements in interest rates; typically when interest rates rise there is a corresponding decline in the market value of bonds. Fixed income securities issued by governments can be affected by the perceived stability of the country concerned and proposed or actual credit rating downgrades.

Important Notice Regarding Change in Benchmark Index – Please note that with effect from Thursday, 26 May 2016, the benchmark index tracked by the iShares $ Treasury Bond 20+yr UCITS ETF (the “Fund”) (ticker symbol: IDTL) will change to the ICE U.S. Treasury 20+ Years Bond Index from the Barclays US 20+ year Treasury Bond Index and the Fund’s investment objective and policy will also change to reflect the new benchmark index. For further information please refer to the fund announcement in the 'Document Library’ section on iShares.com or contact your local iShares team.
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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 is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. (DTLE)

as of 31-Dec-18

- - - - -4.73
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. Unhedged (IDTL)

as of 31-Dec-18

- - 1.23 8.80 -2.14
Benchmark (%) Index: ICE U.S. Treasury 20+ Year Bond Index Unhedged (IDTL)

as of 31-Dec-18

- - 1.41 8.99 -1.98
  2014 2015 2016 2017 2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. (DTLE) - - - - -4.73
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. Unhedged (IDTL) - - 1.23 8.80 -2.14
Benchmark (%) Index: ICE U.S. Treasury 20+ Year Bond Index Unhedged (IDTL) - - 1.41 8.99 -1.98
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The value of the investments may go up or down and the investor may not get back the amount invested.

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.

Source: BlackRock. Performance data is displayed on a Net Asset Value basis, in Base Currency terms (as shown in Key Facts), with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Prior to 26 May 2016 the Fund used a different benchmark which is reflected in the benchmark data.

Disclaimer: The share class will be hedged with the aim of reducing the effect of exchange rate fluctuations between its denominated currency and the currencies of the securities that make up the benchmark index. The benchmark performance represents the unhedged performance.

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The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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

Distributions

Record Date Ex-Date Total Distribution
View full table
Announcement Date Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Net Assets as of 21-Feb-19 EUR 13,284,966
Net Assets of Fund as of 21-Feb-19 USD 425,870,293
Base Currency USD
Share Class Currency EUR
Fund Launch Date 20-Jan-15
Inception Date 21-Sep-17
Asset Class Fixed Income
Total Expense Ratio A measure of the total costs associated with managing and operating the product. The Total Expense Ratio (TER) consists primarily of the management fee and other expenses such as trustee, custody, registration fees and other operating expenses. 0.25%
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.25%
Product Structure For an ETF, the Product Structure indicates whether it is holding physical securities (i.e. Physical) or whether it is tracking the index performance using derivatives (swaps, i.e. Synthetic). For ETCs, Product Structure indicates that the metal backing the securities are physically held. Physical
Methodology For an ETF, the Methodology indicates whether the product is holding all index securities in the same weight as the index (replicating) or whether an optimised subset of index securities is used (optimised / sampled) in order to efficiently track index performance. For ETCs, the metal backing the securities are always physically held. Sampled
Domicile Ireland
UCITS Undertakings for Collective Investment in Transferable Securities, commonly known as "UCITS", are collective investment schemes (a type of investment product) which are established and authorised in one EU Member State and designed for EU retail investors. Once authorised, UCITS can be sold cross border to EU retail investors in other EU Member States using a registration process, but without a requirement for separate authorisation. Yes
Benchmark Index ICE U.S. Treasury 20+ Year Bond Index
Distribution Frequency How often a distribution is paid by the product. The most common distribution frequencies are annually, semi annually and quarterly. Quarterly
Securities Lending Return Annualised Securities Lending Return is the net 12 month securities lending revenue to the fund divided by the average NAV of the fund over the same time period. as of 31-Dec-18 0.04%
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Frequency Monthly
ISIN IE00BD8PGZ49
Valor 38262691
Bloomberg Ticker DTLE LN
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
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 21-Feb-19 2,859,389
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 21-Feb-19 40
Benchmark Level as of 22-Feb-19 USD 109.03
Benchmark Ticker IDCOT20T
Distribution Yield The distribution yield represents the ratio of distributed income over the last 12 months to the fund’s current NAV. as of 21-Feb-19 2.89
Weighted Avg Coupon The coupon is the annual interest rate paid by a bond issuer on the face value of the bond. The Weighted Averaged Coupon (WAC) of the ETF is calculated as the average of the underlying bonds' coupon rates weighted by the bonds' weight in the fund. as of 21-Feb-19 3.17
Fiscal Year End 31-May-19
Effective Duration A measure of the responsiveness of a bond's or portfolio's price to changes in interest rates. Effective Duration adjusts for changes in projected cash flows as a result of yield changes, accounting for embedded optionality. as of 21-Feb-19 17.25
Weighted Avg Maturity Weighted Average Maturity is the length of time until the average security in the fund will mature or be redeemed by its issuer. It indicates a fixed income fund's sensitivity to interest rate changes. Longer average weighted maturity implies greater volatility in response to interest rate changes. This metric considers the likelihood that bonds will be called or prepaid. as of 21-Feb-19 25.52

Registered Countries

Registered Countries

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 21-Feb-19
Ticker ISIN Name Name of Issuer Sector Country Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 21-Feb-19
Issuer Weight (%)
UNITED STATES TREASURY 99.26
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Country Market Currency Duration

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

 

Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of 31-Dec-18~

  • Securities Lending Return*: 0.04
  • Average on-loan (% of AUM): 42.17
  • Maximum on-loan (% of AUM)†: 80.10
  • Collateralisation (% of Loan): 110.31
as of 21-Feb-19
Name Ticker ISIN SEDOL Country Asset Class Weight (%)

Loan/Collateral Combinations and Collateral Levels**

Collateral Types
Loan TypeEquitiesGovernment, Supranational and Agency BondsCash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%
The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
~The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing basis and are subject to change.

Detailed Holdings and Analytics
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 21-Feb-19

% of Market Value

Type Fund Benchmark Net
as of 21-Feb-19

% of Market Value

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of 21-Feb-19

% of Market Value

Type Fund Benchmark Net
as of 21-Feb-19

% of Market Value

Type Fund Benchmark Net
as of 21-Feb-19

% of Market Value

Type Fund Benchmark Net
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
London Stock Exchange DTLE EUR 25-Sep-17 BD8PGZ4 DTLE LN DTLE.L - - IE00BD8PGZ49 - 38262691 - -

Literature

Literature