Fixed Income

iShares ESG Screened Euro Corporate Bond Index Fund (IE)

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

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This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2018 2019 2020 2021 2022
Total Return (%) -13.7
Benchmark (%) -13.6
  From
31.12.2017
To
31.12.2018
From
31.12.2018
To
31.12.2019
From
31.12.2019
To
31.12.2020
From
31.12.2020
To
31.12.2021
From
31.12.2021
To
31.12.2022
Total Return (%)

as of 31.Dec.2022

- - - - -13.71
Benchmark (%)

as of 31.Dec.2022

- - - - -13.65
  1y 3y 5y 10y Incept.
-13.71 - - - -11.56
Benchmark (%)

as of 31.Dec.2022

-13.65 - - - -11.51
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-13.71 -1.78 1.14 -1.95 -13.71 - - - -14.64
Benchmark (%)

as of 31.Dec.2022

-13.65 -1.77 1.09 -2.00 -13.65 - - - -14.58

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

 

Key Facts

Key Facts

Net Assets as of 06.Feb.2023 EUR 360,227,821
Net Assets of Fund as of 06.Feb.2023 EUR 1,983,962,845
Share Class launch date 16.Sep.2021
Fund Launch Date 08.May.2019
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Fixed Income
Benchmark Index Bloomberg Euro Corporate Bond Index
Index Ticker LECPTREU
SFDR Classification Article 8
Initial Charge 0.00
Ongoing Charges Figures 0.15%
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 500,000.00
Minimum Subsequent Investment EUR 10.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
ISIN IE000KDUZ5O6
SEDOL BMYRN78

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31.Jan.2023 3,160
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of 31.Jan.2023 3.88%
Modified Duration as of 31.Jan.2023 4.53
Weighted Average YTM as of 31.Jan.2023 3.87%
Effective Duration as of 31.Jan.2023 4.60
Weighted Avg Maturity as of 31.Jan.2023 5.10
WAL to Worst as of 31.Jan.2023 5.10 Jahre

Sustainability-related Disclosure

Sustainability-related Disclosure

This section provides sustainability-related information about the Fund, pursuant to Article 10 SFDR.

A. Summary

This Fund promotes environmental or social characteristics, but does not have as its objective sustainable investment. The Fund does not commit to investing in sustainable investments. The Fund seeks to promote the following environmental and social characteristics by tracking the performance of the Bloomberg Euro Aggregate Corporate Index, its Benchmark Index, and applying an ESG policy that: (1) excludes issuers involved in certain activities deemed to have negative environmental and/or social outcomes; (2) excludes issuers deemed to have violated United Nations Global Compact principles; and (3) excludes issuers deemed to be involved in very severe ESG related controversies.

The investment policy of the Fund is to invest in a portfolio of fixed income securities that predominantly consists of the component securities of the Benchmark Index and apply the Fund’s ESG policy (as further described in Section D. Investment strategy below). The Fund takes into consideration principal adverse impacts on sustainability factors by tracking the Benchmark Index which incorporates certain ESG criteria in the selection of index constituents.

The Fund seeks to invest in a portfolio of securities that as far as possible and practicable consists of the component securities of the Benchmark Index and comply with the Fund's ESG Policy. It is expected that at least 80% of the Fund’s assets will be invested in investments that are aligned with environmental and/or social characteristics promoted by the Fund. This Fund does not currently commit to investing more than 0% of its assets in investments in environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.

The Fund seeks to invest in a portfolio of securities that as far as possible and practicable consists of the component securities of the Benchmark Index and comply with the Fund’s ESG Policy. The environmental and/or social characteristics which the Fund seeks to promote are incorporated within the Fund’s ESG policy and the Fund is managed in a manner that seeks to identify exceptions to the Fund’s ESG policy. In the event that any investments cease to comply with the Fund’s ESG policy, the Investment Manager will liquidate the position as soon as it is possible and practicable (in the Investment Manager’s view) to do so.

BlackRock Portfolio Managers have access to research, data, tools, and analytics to integrate ESG insights into their investment process. ESG datasets are sourced from external third-party data providers and index providers, including but not limited to MSCI, Sustainalytics, Refinitiv, S&P and Clarity AI. BlackRock’s internal processes are focused on delivering high-quality standardised and consistent data to be used by investment professionals and for transparency and reporting purposes. Data, including ESG data, received through our existing interfaces, is processed through a series of quality control and completeness checks which seeks to ensure that data is high-quality data before being made available for use downstream within BlackRock systems and applications, such as Aladdin.

BlackRock applies a comprehensive due diligence process to evaluate provider offerings with highly targeted methodology reviews and coverage assessments based on the sustainable investment strategy (and the environmental and social characteristics or sustainable investment objective) of the product. Our process entails both qualitative and quantitative analysis to assess the suitability of data products in line with regulatory standards as applicable.

Sustainable investing and understanding of sustainability is evolving along with the data environment. Industry participants, including data providers face challenges in identifying a single metric or set of standardized metrics to provide a complete view on a company or an investment. ESG data sets are constantly changing and improving as disclosure standards, regulatory frameworks and industry practice evolve. There may be some circumstances where data is unavailable, incomplete, or inaccurate. Despite reasonable efforts, information may not always be available in which case an assessment will be made by the index provider based on their knowledge of the investment or industry. In certain cases, data may reflect actions that issuers may have taken only after the fact, and do not reflect all potential instances of significant harm.

BlackRock applies a high standard of due diligence in the selection and ongoing monitoring of investments made by the Fund for the purpose of compliance with the investment, liquidity and risk guidelines of the Fund, as well as the sustainability risk and ESG criteria and general performance.

The Investment Manager does not perform direct engagement with the companies / issuers within the Benchmark Index as part of the investment strategy of the Fund. The Investment Manager will engage directly with the index and data providers to ensure better analytics and stability in ESG metrics. Engagement with companies in which we invest our clients’ assets occurs at multiple levels within BlackRock. Where investment teams choose to leverage engagement, this can take a variety of forms but, in essence, the portfolio management team would seek to have regular and continuing dialogue with executives or board directors of engaged investee companies to advance sound governance and sustainable business practices targeted at the identified ESG characteristics and principal adverse indicators, as well as to understand the effectiveness of the company’s management and oversight of activities designed to address the identified ESG issues. Engagement also allows the portfolio management team to provide feedback on company practices and disclosures.

The Fund does not use a reference benchmark for the purposes of attaining the ESG characteristics that it promotes. Whilst the Fund seeks to track the performance of the Bloomberg Euro Aggregate Corporate Index, the environmental and/or social characteristics promoted by the Fund are achieved through the application of the Fund's ESG policy.

B. No sustainable investment objective

This Fund promotes environmental or social characteristics, but does not have as its objective sustainable investment.

The Fund does not commit to investing in sustainable investments.

C. Environmental or social characteristics of the financial product

The Fund seeks to promote the following environmental and social characteristics by tracking the performance of the Bloomberg Euro Aggregate Corporate Index, its Benchmark Index, and applying an ESG policy that:
1.excludes issuers involved in certain activities deemed to have negative environmental and/or social outcomes;
2.excludes issuers deemed to have violated United Nations Global Compact principles; and
3. excludes issuers deemed to be involved in very severe ESG related controversies.

These environmental and social characteristics are incorporated through the application of the ESG policy when selecting fixed income securities that predominantly make up the Fund’s Benchmark Index. The Fund excludes issuers based on their involvement in certain activities deemed to have negative environmental or social outcomes. Issuers are excluded based on their involvement in the following business lines/activities (or related activities):
•controversial weapons
•nuclear weapons
•civilian firearms
•thermal coal
•tobacco
•oil sands

The Investment Manager defines what constitutes “involvement” in each restricted activity. This may be based on percentage of revenue, a defined total revenue threshold, or any connection to a restricted activity regardless of the amount of revenue received.

As part of the Fund’s ESG policy, the Investment Manager also excludes issuers which are classified as violating United Nations Global Compact principles (which are widely accepted corporate sustainability principles that meet fundamental responsibilities in areas such as anti-corruption, human rights, labour and environmental) and/or which have a ‘red’ MSCI ESG controversy flag (based on an MSCI controversy score). An MSCI controversy score measures an issuer’s involvement (or alleged involvement) in serious controversies based on an assessment of an issuer’s operations and/or products which are deemed to have a negative ESG impact. An MSCI controversy score may consider involvement in adverse impact activities in relation to environmental issues such as biodiversity and land use, energy and climate change, water stress, toxic emissions and waste issues. An MSCI controversy score may also consider involvement in adverse impact activities in relation to social issues such as human rights, labour management relations, discrimination and workforce diversity.

The Fund does not use a reference benchmark for the purposes of attaining the ESG characteristics that it promotes. Whilst the Fund seeks to track the performance of the Bloomberg Euro Aggregate Corporate Index, the environmental and/or social characteristics promoted by the Fund are achieved through the application of the Fund's ESG Policy.

D. Investment strategy

The investment policy of the Fund is to invest in a portfolio of fixed income securities that predominantly consists of the component securities of the Benchmark Index and apply the Fund’s ESG policy outlined above see 'Section C - Environmental or social characteristics of the financial product.' to such fixed income securities in which the Fund invests.

The Fund’s ESG policy does not form part of the Fund’s Benchmark Index and accordingly may introduce additional tracking error.

The binding elements of the investment strategy are as follows:
1. Apply exclusionary screens; and
2. Ensure the Fund considers the principal adverse sustainability impacts as described above.

Consideration of principal adverse impacts (PAIs) on sustainability factors

The Fund takes into consideration principal adverse impacts on sustainability factors through the application of the Fund's ESG Policy. The Investment Manager has determined that those principal adverse impacts (PAIs) listed below are considered as part of the application of the Fund's ESG Policy at each index rebalance:
• Share of investments in companies active in the fossil fuel sector.
• Share of investments in investee companies that have been involved in violations of the UNGC principles or OECD Guidelines for Multinational Enterprises.
• Share of investments in investee companies involved in the manufacture or selling of controversial weapons.

The Fund's annual report will include information on the principal adverse impacts on sustainability factors set out below.

Good governance policy

Governance checks are incorporated into the Fund’s strategy by way of excluding issuers based on an ESG controversy score (which measures an issuer’s involvement in ESG related controversies) and also the exclusion of companies that are classified as violating United Nations Global Compact principles.

E. Proportion of Investments

The Fund seeks to invest in a portfolio of securities that as far as possible and practicable consists of the component securities of the Benchmark Index and comply with the Fund's ESG Policy.

It is expected that at least 80% of the Fund’s assets will be invested in investments that are aligned with environmental and/or social characteristics promoted by the Fund. In the event that any investments cease to comply with the Fund’s ESG policy, the Investment Manager will liquidate the position as soon as it is possible and practicable (in the Investment Manager’s view) to do so.

The Fund may invest up to 20% of its assets in other investments.

The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management in connection with the environmental or social characteristics promoted by the Fund. Where the Fund uses derivatives for promoting environmental or social characteristics, any ESG rating or analyses referenced above will apply to the underlying investment.

This Fund does not currently commit to investing more than 0% of its assets in investments in environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.

This Fund does not currently commit to investing more than 0% of its assets in investments in transitional and enabling activities within the meaning of the Taxonomy Regulation.

The Fund does not commit to investing in sustainable investments with an environmental objective.

This Fund does not currently commit to investing more than 0% of its assets in investments in socially sustainable investments.

Other holdings may include cash, money market funds and derivatives. Such investments may only be used for the purpose of efficient portfolio management, except for derivatives used for currency hedging for any currency hedged share class.

Any ESG exclusionary criteria applied by the Investment Manager will apply only to the derivatives relating to individual issuers used by the Fund. Derivatives based on financial indices, interest rates, or foreign exchange instruments will not be considered against minimum environmental or social safeguards.

F. Monitoring of enviromental or social characteristics

Ongoing product integrity monitoring

The Fund seeks to invest in a portfolio of securities that as far as possible and practicable consists of the component securities of the Benchmark Index and comply with the Fund’s ESG Policy. The environmental and/or social characteristics which the Fund seeks to promote are incorporated within the Fund’s ESG policy and the Fund is managed in a manner that seeks to identify exceptions to the Fund’s ESG policy. In the event that any investments cease to comply with the Fund’s ESG policy, the Investment Manager will liquidate the position as soon as it is possible and practicable (in the Investment Manager’s view) to do so.

BlackRock monitors Fund and index-level data to track the Fund’s adherence to these characteristics as at each rebalance.

BlackRock also monitors the tracking error of the Fund and reports this to investors as part of the annual and semi-annual report and accounts. Information on the anticipated tracking error is also published in the Fund’s prospectus.

G. Methodologies

The Fund seeks to invest in a portfolio of securities that as far as possible and practicable consists of the component securities of the Benchmark Index and comply with the Fund’s ESG policy (outlined above in Section C and detailed in section L).

Methodologies

In addition, the following methodologies are used to measure how the social or environmental characteristics promoted by the Fund are met:

The Benchmark Index uses MSCI Business involvement and UNGC screens. For further information, https://www.msci.com/documents/1296102/1636401/MSCI_ESG_BIS_Research_Productsheet_April+2015.pdf/babff66f-d1d6-4308-b63d-57fb7c5ccfa9

The Benchmark Index uses MSCI ESG controversy data. For further information, https://www.msci.com/documents/10199/acbe7c8a-a4e4-49de-9cf8-5e957245b86b

H. Data sources and processing

Data Sources

BlackRock Portfolio Managers have access to research, data, tools, and analytics to integrate ESG insights into their investment process. Aladdin is the operating system that connects the data, people, and technology necessary to manage portfolios in real time, as well as the engine behind BlackRock’s ESG analytics and reporting capabilities. BlackRock’s Portfolio Managers use Aladdin to make investment decisions, monitor portfolios and to access index information that informs the investment process to attain ESG characteristics of the Fund.

ESG datasets are sourced from external third-party data providers and index providers, including but not limited to MSCI, Sustainalytics, Refinitiv, S&P and Clarity AI. These datasets may include headline ESG scores, carbon emissions data, business involvement metrics or controversies and have been incorporated into Aladdin tools that are available to Portfolio Managers and employed in BlackRock investment strategies. Such tools support the full investment process, from research, to portfolio construction and modelling, to reporting.

Measures taken to ensure Data Quality

BlackRock applies a comprehensive due diligence process to evaluate provider offerings with highly targeted methodology reviews and coverage assessments based on the sustainable investment strategy (and the environmental and social characteristics or sustainable investment objective) of the product. Our process entails both qualitative and quantitative analysis to assess the suitability of data products in line with regulatory standards as applicable.

We assess ESG providers and data across five core areas outlined below:
1. Data Collection: this includes but is not limited to assessing the data providers underlying data sources, technology used to capture data, process to identify misinformation and any use of machine learning or human data collection approaches. We will also consider planned improvements.
2.Data Coverage: our assessment includes but is not limited to the extent to which a data package provides coverage across our investible universe of issuers and asset classes. This will include consideration of the treatment of parent companies and their subsidiaries as well as use of estimated data or reported data.
3. Methodology: our assessment includes but is not limited consideration of the third-party providers methodologies employed, including considering the collection and calculation approaches, alignment to industry or regulatory standards or frameworks, materiality thresholds and their approach to data gaps.
4. Data Verification: our assessment will include but is not limited to the third-party providers approach to verification of data collected and quality assurance processes including their engagement with issuers.
5. Operations: we will assess a variety of aspects of a data vendors’ operations, including but not limited to their policies and procedures (including consideration of any conflicts of interest) the size and experience of their data research teams, their training programs, and their use of third-party outsourcers.

Additionally, BlackRock, actively participates in any relevant provider consultations regarding proposed changes to methodologies as it pertains to third party data sets or index methodologies and submits comprehensive feedback and recommendations to data provider technical teams. BlackRock often has ongoing engagement with ESG data providers including index providers to keep abreast of industry developments.

How data is processed

At BlackRock, our internal processes are focused on delivering high-quality standardised and consistent data to be used by investment professionals and for transparency and reporting purposes. Data, including ESG data, received through our existing interfaces, and then processed through a series of quality control and completeness checks which seeks to ensure that data is high-quality data before being made available for use downstream within BlackRock systems and applications, such as Aladdin. BlackRock’s integrated technology enables us to compile data about issuers and investments across a variety of environmental, social and governance metrics and a variety of data providers and make those available to investment teams and other support and control functions such as risk management.

Use of Estimated Data

BlackRock strives to capture as much reported data from companies via 3rd party data providers as practicable, however, industry standards around disclosure frameworks are still evolving, particularly with respect to forward looking indicators. As a result, in certain cases we rely on estimated or proxy measures from data providers to cover our broad investible universe of issuers. Due to current challenges in the data landscape, while BlackRock relies on material amount of estimated data across our investible universe, the levels of which may vary from data set to data set, we seek to ensure that use of estimates is in line with regulatory guidance and that we have necessary documentation and transparency from data providers on their methodologies. BlackRock recognizes the importance in improving its data quality and data coverage and continues to evolve the data sets available to its investment professionals and other teams. Where required by local country-level regulations, funds may state explicit data coverage levels. BlackRock seeks to understand the use of estimated data in index methodologies and ensure that their approaches are robust and in line with applicable regulatory requirements and index methodologies.

I. Limitations to methodologies and data

Limitations to Methodology

Sustainable investing is an evolving space, both in terms of industry understanding but also the regulatory frameworks on both a regional and global basis. BlackRock continues to monitor developments in the EU's ongoing implementation of its framework for sustainable investing and its investment methodologies seeking to ensure alignment as the regulatory environment changes. As a result, BlackRock may update these disclosures, and the methodologies and sources of data used, at any time in the future as market practice evolves or further regulatory guidance becomes available.

Limitations to Data

ESG data sets are constantly changing and improving as disclosure standards, regulatory frameworks and industry practice evolve. BlackRock continues to work with a broad range of market participants to improve data quality.

Whilst each ESG metric may come with its own individual limitations, data limitations may broadly be considered to include, but not be limited to:
• Lack of availability of certain ESG metrics due to differing reporting and disclosure standards impacting issuers, geographies, or sectors.
• Nascent statutory corporate reporting standards regarding sustainability leading to differences in the extent to which companies themselves can report against regulatory criteria and therefore some metric coverage levels may be low.
• Inconsistent use and levels of reported vs estimated ESG data across different data providers, taken at varied time periods which makes comparability a challenge.
• Estimated data by its nature may vary from realized figures due to the assumptions or hypothesis employed by data providers.
• Differing views or assessments of issuers due to differing provider methodologies or use of subjective criteria.
• Most corporate ESG reporting, and disclosure takes place on an annual basis and takes significant time to produce meaning that this data is produced on a lag relative to financial data. There may also be inconsistent data refresh frequencies across different data providers incorporating such data into their data sets.
• Coverage and applicability of data across asset classes and indicators may vary.
• Forward looking data, such as climate related targets may vary significantly from historic and current point in time metrics.

For more information about how metrics that are presented with sustainability indicators are calculated, please see the Fund's annual report.

Sustainable Investments and Environmental and Social criteria

Sustainable investing and understanding of sustainability is evolving along with the data environment. Industry participants, including data providers face challenges in identifying a single metric or set of standardized metrics to provide a complete view on a company or an investment. BlackRock has therefore established a framework to identify sustainable investments, taking into account the regulatory requirements and index provider methodologies.

BlackRock leverages third-party index provider methodologies and data in assessing whether investments cause significant harm and have good governance practices. There may be some circumstances where data is unavailable, incomplete, or inaccurate. Despite reasonable efforts, information may not always be available in which case an assessment will be made by the index provider based on their knowledge of the investment or industry. In certain cases, data may reflect actions that issuers may have taken only after the fact, and do not reflect all potential instances of significant harm.

BlackRock undertakes thorough due diligence on index provider sustainable investment methodologies to ensure that they align with BlackRock’s views on Sustainable Investments.

J. Due Diligence

BlackRock applies a high standard of due diligence in the selection and ongoing monitoring of investments made by the Fund for the purpose of compliance with the investment, liquidity and risk guidelines of the Fund, as well as the sustainability risk and ESG criteria and general performance.

K. Engagement Policies

The Fund

The Fund does not use engagement as a means of meeting its binding commitments to environmental or social characteristics or sustainable investment objectives. The Investment Manager does not perform direct engagement with the companies / issuers within the index but does engage directly with the index and data providers to ensure better analytics and stability in ESG metrics.

General

Engagement with companies in which we invest our clients’ assets occurs at multiple levels within BlackRock.

Where engagement is specifically identified by a particular portfolio management team as one of the means by which they seek to demonstrate a commitment to environment, social and governance issues within the context of SFDR, the methods by which the effectiveness of such engagement policy and the ways in which such an engagement policy may be adapted in the event that they do not achieve the desired impact (usually expressed as a reduction in specified principal adverse indicators) would be described in the prospectus and website disclosures particular to that fund.

Where investment teams chooses to leverage engagement, this can take a variety of forms but, in essence, the portfolio management team would seek to have regular and continuing dialogue with executives or board directors of engaged investee companies to advance sound governance and sustainable business practices targeted at the identified ESG characteristics and principal adverse indicators, as well as to understand the effectiveness of the company’s management and oversight of activities designed to address the identified ESG issues. Engagement also allows the portfolio management team to provide feedback on company practices and disclosures.

Where a relevant portfolio management team has concerns about a company’s approach to the identified ESG characteristics and/or principal adverse indicators, they may choose to explain their expectations to the company’s board or management and may signal through voting at general meetings that they have outstanding concerns, generally by voting against the re-election of directors they view as having responsibility for improvements in the identified ESG characteristics or principal adverse indicators.

Separate from the activities of any particular portfolio management team, at the highest level, as part of its fiduciary approach, BlackRock has determined that it is in the best long-term interest of its clients to promote sound corporate governance as an informed, engaged shareholder. At BlackRock, this is the responsibility of BlackRock Investment Stewardship. Principally through the work of BIS team, BlackRock meets the requirements in the Shareholder Rights Directive II (‘SRD II”) relating to engagement with public companies and other parties in the investment ecosystem. A copy of BlackRock’s SRD II engagement policy can be found at https://www.blackrock.com/corporate/literature/publication/blk-shareholder-rights-directiveii-engagement-policy-2022.pdf.

BlackRock’s approach to investment stewardship is outlined in the BIS Global Principles and market-level voting guidelines. The BIS Global Principles set out our stewardship philosophy and our views on corporate governance and sustainable business practices that support long-term value creation by companies. We recognize that accepted standards and norms of corporate governance differ between markets; however, we believe there are certain fundamental elements of governance practice that are intrinsic globally to a company’s ability to create long-term value. Our market-specific voting guidelines provide detail on how BIS implements the Global Principles – taking into consideration local market standards and norms – and inform our voting decisions in relation to specific ballot items for shareholder meetings. BlackRock’s overall approach to investment stewardship and engagement can be found at: https://www.blackrock.com/uk/professionals/solutions/shareholder-rights-directive and https://www.blackrock.com/corporate/about-us/investment-stewardship

In undertaking its engagement, BIS may focus on particular ESG themes, which are outlined in BlackRock’s voting priorities https://www.blackrock.com/corporate/literature/publication/blk-stewardship-priorities-final.pdf

I. Designated reference benchmark

There is no specific index designated as a reference benchmark to determine whether this financial product is aligned with the environmental and/or social characteristics that it promotes. However, whilst the Fund seeks to track the performance of the Bloomberg Euro Aggregate Corporate Index, the environmental and/or social characteristics promoted by the Fund are achieved through the application of the Fund's ESG Policy.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31.Jan.2023
Name Weight (%)
RABOBANK NEDERLAND NV RegS 4.125 07/14/2025 0.14
BAYER AG RegS 0.05 01/12/2025 0.14
ANHEUSER-BUSCH INBEV NV MTN RegS 2 03/17/2028 0.14
ANHEUSER-BUSCH INBEV NV MTN RegS 2.75 03/17/2036 0.12
CREDIT AGRICOLE SA RegS 2.625 03/17/2027 0.11
Name Weight (%)
BP CAPITAL MARKETS PLC NC6 RegS 3.25 12/31/2049 0.11
JPMORGAN CHASE & CO MTN RegS 1.963 03/23/2030 0.10
SHELL INTERNATIONAL FINANCE BV MTN RegS 1.125 04/07/2024 0.10
BARCLAYS PLC MTN RegS 3.375 04/02/2025 0.10
BP CAPITAL MARKETS PLC NC9 RegS 3.625 12/31/2049 0.10
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31.Jan.2023

% of Market Value

Type Fund Benchmark Net
as of 31.Jan.2023

% of Market Value

Type Fund Benchmark Net
as of 31.Jan.2023

% of Market Value

Type Fund Benchmark Net
as of 31.Jan.2023

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN TIS
Class Inst Acc EUR - 8.77 -0.03 -0.35 06.Feb.2023 9.62 8.33 IE000KDUZ5O6 -
Flex GBP - 9.75 -0.03 -0.35 06.Feb.2023 10.08 9.21 IE00029JTMU3 -
Flex EUR - 9.25 -0.03 -0.35 06.Feb.2023 10.13 8.77 IE00BJP13018 -
Q Acc EUR - 9.24 -0.03 -0.35 06.Feb.2023 10.12 8.76 IE00BJP12Y80 -
Class D Acc GBP - 9.43 -0.03 -0.35 06.Feb.2023 10.02 8.92 IE0004CHBHI7 -

Portfolio Managers

Portfolio Managers

Auste Vysniauskaite
Auste Vysniauskaite
John Hutson
John Hutson
Darren Wills
Darren Wills
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.