Fixed Income

iShares Corporate Bond Index Fund (UK)

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 (%) 11.5 -0.1 10.3 4.4 -1.7 9.3 7.7 -3.2 -17.6 8.5
Target Benchmark 1 (%) 12.2 0.6 10.6 4.3 -1.6 9.2 7.9 -3.1 -17.8 8.8

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

  1y 3y 5y 10y Incept.
9.73 -3.92 -0.87 2.08 3.29
Target Benchmark 1 (%) 9.88 -3.92 -0.83 2.24 3.55
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.19 1.20 0.00 -0.19 9.73 -11.29 -4.26 22.87 57.33
Target Benchmark 1 (%) -0.21 1.19 0.01 -0.21 9.88 -11.32 -4.07 24.80 62.97
  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

6.27 1.56 -13.50 -6.54 9.73
Target Benchmark 1 (%)

as of 30/Jun/2024

6.41 1.65 -13.53 -6.66 9.88

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 12/Jul/2024
GBP 4,316,971,397
Fund Launch Date
30/Jun/2010
Fund Base Currency
GBP
Target Benchmark 1
iBoxx Sterling Non Gilt Index
Ongoing Charges Figures
0.21%
Annual Management Fee
0.20%
Minimum Initial Investment
GBP 1,000,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
GBP Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B5MMQ55
Share Class launch date
30/Jun/2010
Share Class Currency
GBP
Asset Class
Fixed Income
Initial Charge
0.00%
ISIN
GB00B5MMQ552
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 100.00
Domicile
United Kingdom
Management Company
BlackRock Fund Managers Ltd
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BCOBTDA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
1260
3y Beta
as of 30/Jun/2024
0.992
Modified Duration
as of 28/Jun/2024
5.51
Effective Duration
as of 28/Jun/2024
5.58
WAL to Worst
as of 28/Jun/2024
8.01
Standard Deviation (3y)
as of 30/Jun/2024
9.12%
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
8.01

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 Corporate Bond Index Fund (UK), Class L, as of 30/Jun/2024 rated against 431 GBP Corporate Bond Funds.

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
KFW MTN RegS 1.125 07/04/2025 0.62
KFW BANKENGRUPPE MTN 6 12/07/2028 0.54
EUROPEAN INVESTMENT BANK 6 12/07/2028 0.43
KFW MTN RegS 3.75 07/30/2027 0.41
KFW MTN RegS 4.125 02/18/2026 0.38
Name Weight (%)
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.38
EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 0.36
KFW MTN RegS 1.375 12/15/2025 0.34
INTER-AMERICAN DEVELOPMENT BANK 1.25 12/15/2025 0.32
TESCO PROPERTY RegS 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
Class L GBP 1.57 0.00 0.04 12/Jul/2024 1.57 1.41 GB00B5MMQ552
Class X GBP 1.44 0.00 0.05 12/Jul/2024 1.44 1.29 GB00B5WN6148
Class H GBP 0.98 0.00 0.05 12/Jul/2024 1.00 0.91 GB00BKF2KH76
Class H GBP 1.26 0.00 0.05 12/Jul/2024 1.26 1.13 GB00BJL5BV43
Class D GBP 1.14 0.00 0.05 12/Jul/2024 1.16 1.06 GB00B7J60R40
Class X GBP 1.05 0.00 0.05 12/Jul/2024 1.06 0.97 GB00B8DYSW23
Class L GBP 1.16 0.00 0.04 12/Jul/2024 1.18 1.08 GB00B847N473
Class D GBP 1.56 0.00 0.05 12/Jul/2024 1.56 1.40 GB00B84DSW83
Class S GBP 0.88 0.00 0.05 12/Jul/2024 0.88 0.79 GB00BN08ZN29

Portfolio Managers

Portfolio Managers

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

Literature

Literature