Fixed Income

iShares Euro Credit 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.

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. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.
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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 10 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) 10.7 1.8 8.2 0.0 3.3 1.0 -0.3 5.0 2.8 -2.0
Benchmark (%) 10.9 2.0 8.2 0.1 3.4 1.1 -0.2 5.0 2.8 -1.9
  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31.Mar.2022

0.98 2.43 -0.73 4.77 -6.21
Benchmark (%)

as of 31.Mar.2022

1.07 2.49 -0.72 4.88 -6.25
  1y 3y 5y 10y Incept.
-8.77 -1.89 -0.48 1.67 -
Benchmark (%) -8.83 -1.86 -0.44 1.74 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-8.28 -2.92 -7.15 -8.31 -8.77 -5.58 -2.36 18.02 -
Benchmark (%) -8.34 -2.91 -7.24 -8.37 -8.83 -5.48 -2.17 18.86 -

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 24.May.2022 EUR 277,470,829
Net Assets of Fund as of 24.May.2022 EUR 1,993,768,886
Share Class launch date 05.Nov.2001
Fund Launch Date 01.Dec.2005
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Fixed Income
SFDR Classification Other
Benchmark Index FTSE EuroBIG ex Domestic Treasury Index
Index Ticker -
Initial Charge 0.00%
Ongoing Charges Figures 0.15%
Annual Management Fee 0.12%
Performance Fee 0.00%
Minimum Initial Investment EUR 250,000.00
Minimum Subsequent Investment EUR 50,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category EUR Corporate Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker -
ISIN IE0031080645
SEDOL 3108064

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29.Apr.2022 4,615
Weighted Avg YTM as of - -
Effective Duration as of 29.Apr.2022 5.92
Weighted Avg Maturity as of 29.Apr.2022 6.42
3y Beta as of 30.Apr.2022 0.987
Standard Deviation (3y) as of 30.Apr.2022 4.55%

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 06.May.2022 AAA
MSCI ESG % Coverage as of 06.May.2022 95.65
MSCI ESG Quality Score (0-10) as of 06.May.2022 8.69
MSCI ESG Quality Score - Peer Percentile as of 06.May.2022 32.30
Fund Lipper Global Classification as of 06.May.2022 Bond EUR Corporates
Funds in Peer Group as of 06.May.2022 291
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06.May.2022 99.78
MSCI Weighted Average Carbon Intensity % Coverage as of 06.May.2022 77.76
All data is from MSCI ESG Fund Ratings as of 06.May.2022, based on holdings as of 30.Nov.2021. 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 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. 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 29.Apr.2022 0.00%
MSCI - UN Global Compact Violators as of 29.Apr.2022 0.87%
MSCI - Nuclear Weapons as of 29.Apr.2022 0.20%
MSCI - Thermal Coal as of 29.Apr.2022 0.00%
MSCI - Civilian Firearms as of 29.Apr.2022 0.00%
MSCI - Oil Sands as of 29.Apr.2022 0.00%
MSCI - Tobacco as of 29.Apr.2022 0.42%

Business Involvement Coverage as of 29.Apr.2022 78.57%
Percentage of Fund not covered as of 29.Apr.2022 21.43%
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 0.23% and for Oil Sands 1.37%.

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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Euro Credit Bond Index Fund (IE), Inst, as of 30.Apr.2022 rated against 1178 EUR Corporate Bond Funds.

Holdings

Holdings

as of 29.Apr.2022
Name Weight (%)
EUROPEAN UNION RegS 0 10/04/2028 0.47
KFW MTN RegS 0 11/09/2028 0.46
EUROPEAN FINANCIAL STABILITY FACIL MTN RegS 0.75 05/03/2027 0.36
EUROPEAN UNION RegS 0 07/06/2026 0.35
CAISSE DAMORTISSEMENT DE LA DETTE RegS 4 12/15/2025 0.26
Name Weight (%)
EUROPEAN UNION RegS 0.7 07/06/2051 0.24
EUROPEAN INVESTMENT BANK RegS 0 12/22/2026 0.24
KFW MTN RegS 0 04/30/2027 0.24
EUROPEAN STABILITY MECHANISM MTN RegS 0.5 03/02/2026 0.23
EUROPEAN UNION MTN RegS 0 07/04/2031 0.23
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
as of 29.Apr.2022

% 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.
as of 29.Apr.2022

% of Market Value

Type Fund Benchmark Net
as of 29.Apr.2022

% 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 NAV As Of 52wk High 52wk Low ISIN TIS
Inst EUR None 21.51 0.04 0.18 24.May.2022 24.04 21.33 IE0031080645 -
Class D EUR None 9.76 0.02 0.18 24.May.2022 10.90 9.68 IE00BD0NC698 -
Inst EUR Annual 9.39 0.02 0.18 24.May.2022 10.58 9.31 IE00B1N7Z987 -
Flex EUR None 22.21 0.04 0.18 24.May.2022 24.80 22.02 IE0005032192 -

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature

 
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