Fixed Income

iShares UK 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 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. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Loading

Performance

Performance

Chart

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 12.1 0.5 10.8 4.3 -1.6 9.3 8.0 -3.0 -17.6 8.6
Benchmark (%) 12.2 0.5 10.7 4.3 -1.5 9.3 7.8 -3.1 -17.7 8.6

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

6.48 1.88 -12.99 -6.98 9.77
Benchmark (%)

as of 30/Jun/2024

6.39 1.74 -13.12 -6.93 9.72
  1y 3y 5y 10y Incept.
9.77 -3.86 -0.73 2.30 4.00
Benchmark (%) 9.72 -3.91 -0.81 2.26 3.85
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.14 0.84 -0.15 -0.14 9.77 -11.15 -3.61 25.53 94.16
Benchmark (%) -0.07 0.88 -0.13 -0.07 9.72 -11.28 -3.97 25.02 89.46

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in GBP, hedged share class benchmark performance is displayed in GBP.

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 18/Jul/2024
GBP 25,920,212
Share Class launch date
03/Aug/2007
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.15%
Annual Management Fee
0.12%
Minimum Initial Investment
GBP 500,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
GBP Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B1W4R61
Net Assets of Fund
as of 18/Jul/2024
GBP 397,554,171
Fund Launch Date
30/Sept/2000
Fund Base Currency
GBP
Benchmark Index
iBoxx Sterling Non-Gilts Index
Initial Charge
0.00%
ISIN
IE00B1W4R618
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 50,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BARUKIN

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
1250
3y Beta
as of 30/Jun/2024
0.999
Modified Duration
as of 28/Jun/2024
5.45
Effective Duration
as of 28/Jun/2024
5.52
WAL to Worst
as of 28/Jun/2024
7.93
Standard Deviation (3y)
as of 30/Jun/2024
9.11%
Yield to Maturity
as of 28/Jun/2024
5.40
Weighted Average YTM
as of 28/Jun/2024
5.34%
Weighted Avg Maturity
as of 28/Jun/2024
7.93

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares UK Credit Bond Index Fund (IE), Inst, as of 30/Jun/2024 rated against 431 GBP Corporate Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 31/May/2024)

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
KFW BANKENGRUPPE MTN 6 12/07/2028 0.75
KFW MTN RegS 4.125 02/18/2026 0.56
KFW MTN RegS 1.125 07/04/2025 0.55
EUROPEAN INVESTMENT BANK 6 12/07/2028 0.50
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.45
Name Weight (%)
KFW MTN RegS 3.75 07/30/2027 0.40
ONTARIO (PROVINCE OF) RegS 0.25 12/15/2026 0.36
ITALY (REPUBLIC OF) MTN RegS 6 08/04/2028 0.35
INTERNATIONAL BANK FOR RECONSTRUCT 3.875 10/02/2028 0.31
KFW BANKENGRUPPE MTN 5.75 06/07/2032 0.31
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Inst GBP 19.65 0.03 0.14 18/Jul/2024 19.65 17.69 IE00B1W4R618
Class Flex Dist GBP 165.84 0.24 0.14 18/Jul/2024 165.84 149.13 IE00BMF59H33
Class D GBP 10.44 0.01 0.14 18/Jul/2024 10.44 9.39 IE00BD0NC474
Inst GBP 10.44 0.01 0.14 18/Jul/2024 10.57 9.58 IE00B2RKYS27
Flex GBP 30.55 0.04 0.14 18/Jul/2024 30.55 27.47 IE0000405013
Class D GBP 44.02 0.06 0.14 18/Jul/2024 44.55 40.37 IE00BGWKS388

Portfolio Managers

Portfolio Managers

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

Literature

Literature