Fixed Income

N6M / QL2

iShares J.P. Morgan USD Asia Credit Bond ETF

IMPORTANT: Investment involves risk, including the loss of principal. Investors are advised to consider their own investment objectives and circumstances in determining the suitability of an investment in this Fund. An investment in this Fund may not be suitable for everyone. If you are in any doubt, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice. Investors should refer to the Fund prospectus for further details, including the product features and risk factors. Investors should not base on this marketing material alone to make investment decisions. Investors should note:
• Generally, investments in emerging markets are subject to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, lack of regulation, greater risk of market shutdown and more governmental limitations on foreign investment policy than typically found in developed markets.
• Prices on the SGX are based on secondary market trading factors and may deviate significantly from the net asset value of the Fund.

Overview

Estimated NAV is indicative only and is provided on a delayed basis by ICE Data Services.
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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  1y 3y 5y 10y Incept.
8.18 -1.20 1.13 2.99 3.74
Benchmark (%) 8.48 -0.76 1.47 3.21 3.97
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.82 1.27 1.17 2.82 8.18 -3.57 5.76 34.29 61.66
Benchmark (%) 2.95 1.31 1.20 2.95 8.48 -2.26 7.56 37.10 66.45
  2019 2020 2021 2022 2023
Total Return (%) 12.86 5.67 -0.42 -13.72 9.54
Benchmark (%) 12.95 5.89 -0.17 -13.05 9.92
Represents performance figures for each year ended 31 December, unless otherwise stated.

Performance is calculated on a single pricing basis (NAV to NAV) in USD and assumes dividend reinvestment. Change indicates the change since the previous business day. Refer to the Prospectus for more information on determination of Net Asset Value.

Past performance may not be repeated and is no guide for future performance or returns. Performance is calculated on a single pricing basis (NAV to NAV) in base currency, inclusive of all transaction fees and assumes dividend reinvestment. Index returns are for illustrative purposes only and do not represent actual iShares Funds or iShares Trusts performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

Key Facts

Key Facts

Net Assets of Fund
as of 23-Jul-2024
USD 62,571,718
Exchange
Singapore Exchange
Asset Class
Fixed Income
Index Ticker
JPEIJACC
Management Fee
0.20%
Distribution Frequency
Quarterly
Bloomberg Ticker
AJAC SP
MAS ESG Fund
No
Fund Inception
27-May-2011
Fund Base Currency
USD
Benchmark Index
J.P. Morgan Asia Credit Index - Core
Shares Outstanding
as of 23-Jul-2024
6,568,132
ISIN
SG2D32970329
Domicile
Singapore
Options Available
No
Past performance is not indicative of future performance. Index returns are for illustrative purposes only and do not represent any actual iShares fund performance. Index returns do not reflect any management fees, transaction costs or expenses. An index is unmanaged and one cannot invest directly in an index. Change indicates the change since the previous business day's closing index level. Source: J.P. Morgan Securities LLC

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 23-Jul-2024
329
Standard Deviation (3y)
as of 30-Jun-2024
8.02%
Weighted Avg YTM
as of 23-Jul-2024
5.71%
Effective Duration
as of 23-Jul-2024
4.92
Benchmark Level
as of 23-Jul-2024
USD 255.23
3y Beta
as of 30-Jun-2024
1.017
Weighted Avg Maturity
as of 23-Jul-2024
7.17yrs

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 21-Jul-2024
BBB
MSCI ESG Quality Score (0-10)
as of 21-Jul-2024
4.98
Fund Lipper Global Classification
as of 21-Jul-2024
Bond Asia Pacific HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Jul-2024
392.06
MSCI ESG % Coverage
as of 21-Jul-2024
94.11
MSCI ESG Quality Score - Peer Percentile
as of 21-Jul-2024
24.24
Funds in Peer Group
as of 21-Jul-2024
132
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Jul-2024
74.84
All data is from MSCI ESG Fund Ratings as of 21-Jul-2024, based on holdings as of 30-Jun-2024. 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% (or 50% for bond funds and money market funds) 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.

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 23-Jul-2024
0.00%
MSCI - Nuclear Weapons
as of 23-Jul-2024
0.00%
MSCI - Civilian Firearms
as of 23-Jul-2024
0.00%
MSCI - Tobacco
as of 23-Jul-2024
0.00%
MSCI - UN Global Compact Violators
as of 23-Jul-2024
0.00%
MSCI - Thermal Coal
as of 23-Jul-2024
0.34%
MSCI - Oil Sands
as of 23-Jul-2024
0.59%

Business Involvement Coverage
as of 23-Jul-2024
63.12%
Percentage of Fund not covered
as of 23-Jul-2024
36.88%
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 2.15% and for Oil Sands 2.62%.

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

Holdings

Holdings

as of 23-Jul-2024
Issuer Weight (%)
PHILIPPINES (REPUBLIC OF) 7.41
INDONESIA (REPUBLIC OF) 4.61
TSMC GLOBAL LTD 3.32
PETRONAS CAPITAL LTD 3.12
STANDARD CHARTERED PLC 3.11
Issuer Weight (%)
SANDS CHINA LTD 2.03
BANGKOK BANK PUBLIC CO LTD (HONG KONG BRANCH) 1.90
EXPORT-IMPORT BANK OF KOREA 1.81
SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF) 1.79
PAKISTAN (ISLAMIC REPUBLIC OF) 1.74
Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration FX Rate Maturity Coupon (%) Market Currency Effective Date
Total allocation percentages shown in the All Holdings tables may not equal 100%.
as of 23-Jul-2024
Ticker Sector Name Market Value Weight (%) Price Location Currency ISIN Maturity Coupon Moody's Rating S&P Rating
Not Rated is assigned by the rating agencies to unrated issues

Other indicates neither an official nor valid rating from the rating agencies are available



Information on Credit Quality criteria for inclusion in the index

Investors are advised to refer to the latest Sovereign Ratings of the countries available from S&P and Fitch for an updated and comprehensive view on the credit profile of the index

The attributes for the index constituents and the fund holdings are from different sources and thus may use different classifications and may not be the same.

The information shown in the Top Constituents section are updated daily except Maturity and Credit Ratings. Maturity and Credit Ratings are month end information and are refreshed approximately on the fifth day of each month.
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 23-Jul-2024

% of Weight

Type Fund
as of 23-Jul-2024

% of Weight

Type Fund
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 location 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 23-Jul-2024

% of Weight

Type Fund
as of 23-Jul-2024

% of Weight

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.
As a percentage of market value.

Participating Dealers

Participating Dealers

ABN AMRO Clearing Bank NV Singapore Branch
Citigroup Global Markets Singapore Securities Pte Ltd
Flow Traders Hong Kong Limited
The Hongkong and Shanghai Banking Corporation Limited
Merrill Lynch (Singapore) Pte. Ltd.
BNP PARIBAS Securities Services, Singapore Branch
Credit Suisse Securities (Singapore) Limited
Goldman Sachs Futures Pte Ltd
Jane Street Financial Limited
UBS Securities Pte Ltd

Pricing & Exchange

Pricing & Exchange

Ticker Exchange Currency Listing Date Premium Discount Premium Discount As Of NAV NAV Amount Change NAV % Change Price As Of NAV As Of Closing Price Closing Price $ Change Closing Price Change(%) 20d Avg Volume Exchange Volume Bloomberg Ticker Bloomberg IOPV Bloomberg INAV Bloomberg Shares Out. SEDOL ISIN RIC Trading Board Lot
N6M XSES U.S. Dollar 02-Jun-2011 - 23-Jul-2024 9.53 0.00 0.03 24-Jul-2024 23-Jul-2024 9.56 0.02 0.21 - 2,342.00 1,060.00 AJAC SP N6MNAV N6MIV N6MSHO B4QN4L9 SG2D32970329 BRJP.SI 1.00
QL2 XSES Singapore Dollar 02-Jun-2011 - - - - - 24-Jul-2024 - 12.87 0.02 0.16 - 1,001.00 824.00 AJACS SP - N6MIV N6MSHO B4QN4L9 SG2D32970329 BRJP-D.SI 1.00

Documents

Documents