Fixed Income

BlackRock Corporate Bond 1 to 10 Year Fund

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.

The value of your investment and the income from it will vary and your initial investment amount is not guaranteed. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.

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

The Fund’s investments may have low liquidity, which often causes the value of these investments to be less predictable. In extreme cases the Fund may not be able to realise the investment at the latest market price or at a price considered fair.
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Performance

Performance

Chart

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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 (%) 7.9 0.7 7.3 4.5 -1.3 7.6 5.9 -1.9 -13.7 10.0
Target Benchmark 1 (%) 8.9 1.6 8.0 4.6 -1.1 7.8 5.9 -1.7 -13.9 9.9

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

  1y 3y 5y 10y Incept.
7.98 -0.65 0.49 2.14 3.44
Target Benchmark 1 (%) 8.26 -0.67 0.54 2.36 3.92
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.77 1.17 0.93 4.03 7.98 -1.93 2.49 23.58 63.05
Target Benchmark 1 (%) 3.97 1.58 1.04 3.90 8.26 -2.00 2.74 26.25 74.20
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

3.43 1.29 -19.17 8.91 10.90
Target Benchmark 1 (%)

as of 30/Sept/2024

3.52 1.30 -19.90 9.86 10.86

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 of Fund
as of 13/Dec/2024
GBP 732,944,925
Fund Launch Date
21/Jun/2010
Fund Base Currency
GBP
Target Benchmark 1
ICE BofAML Sterling 1-10 Yr Cust. Index
Ongoing Charges Figures
0.21%
ISIN
GB00B59NP872
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
GBP Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B59NP87
Share Class launch date
21/Jun/2010
Share Class Currency
GBP
Asset Class
Fixed Income
Initial Charge
0.00%
Management Fee
0.20%
Performance Fee
0.00%
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BCB10DA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
615
3y Beta
as of 30/Nov/2024
0.958
Modified Duration
as of 29/Nov/2024
4.57
Effective Duration
as of 29/Nov/2024
4.62
WAL to Worst
as of 29/Nov/2024
5.49
Standard Deviation (3y)
as of 30/Nov/2024
8.47%
Yield to Maturity
as of 29/Nov/2024
5.37
Weighted Average YTM
as of 29/Nov/2024
5.25%
Weighted Avg Maturity
as of 29/Nov/2024
5.49

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

4 stars
Overall Morningstar Rating for BlackRock Corporate Bond 1 to 10 Year Fund, Class L, as of 30/Nov/2024 rated against 421 GBP Corporate Bond Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
ELECTRICITE DE FRANCE RegS 6.125 06/02/2034 1.02
MORGAN STANLEY MTN 5.789 11/18/2033 0.86
E.ON INTERNATIONAL FINANCE B.V. MTN RegS 6.375 06/07/2032 0.74
BARCLAYS PLC MTN 3.25 01/17/2033 0.72
LLOYDS BANKING GROUP PLC RegS 2.707 12/03/2035 0.70
Name Weight (%)
HSBC HOLDINGS PLC 6.8 09/14/2031 0.69
BARCLAYS PLC RegS 5.851 03/21/2035 0.68
WALMART STORES INC RegS 5.625 03/27/2034 0.66
BARCLAYS PLC RegS 6.369 01/31/2031 0.66
MORGAN STANLEY MTN 5.213 10/24/2035 0.63
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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
Class L GBP 1.62 0.00 -0.03 13/Dec/2024 1.62 1.52 GB00B59NP872
Class X Dist GBP GBP 0.90 0.00 -0.03 13/Dec/2024 0.91 0.87 GB00BN08ZL05
Class X GBP 1.53 0.00 -0.03 13/Dec/2024 1.54 1.44 GB00B5T8BY03
Class D GBP 1.60 0.00 -0.03 13/Dec/2024 1.61 1.50 GB00B84DT147
Class A GBP 1.55 0.00 -0.04 13/Dec/2024 1.55 1.46 GB00B3X6GL85

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek

Literature

Literature