Fixed Income

SE15

iShares € Corp Bond 1-5yr UCITS ETF

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.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be 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
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Performance

Performance

Chart

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Distributions

Record Date Ex-Date Payable Date
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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 (%) 3.7 0.3 2.3 1.0 -0.7 2.6 1.0 -0.3 -8.2 6.2
Benchmark (%) 4.0 0.6 2.6 1.2 -0.5 2.8 1.1 -0.1 -8.0 6.4
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-3.15 5.38 -3.03 -4.52 5.42
Benchmark (%)

as of 31/Mar/2024

-2.99 5.54 -2.80 -4.30 5.61
  1y 3y 5y 10y Incept.
4.70 -0.82 -0.12 0.56 1.80
Benchmark (%) 4.89 -0.61 0.07 0.77 1.99
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.40 0.35 0.75 2.19 4.70 -2.45 -0.62 5.79 30.02
Benchmark (%) 0.48 0.36 0.82 2.30 4.89 -1.83 0.36 7.95 33.64

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 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. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

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/Jun/2024
EUR 3,638,463,483
Share Class launch date
25/Sept/2009
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.20%
Distribution Frequency
Semi-Annual
Securities Lending Return
as of 31/Mar/2024
0.04%
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares III plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
30 June
SIPP Available
Yes
UK Reporting Status
Yes
Net Assets of Fund
as of 18/Jun/2024
EUR 4,097,256,183
Fund Launch Date
25/Sept/2009
Fund Base Currency
EUR
Benchmark Index
Bloomberg Euro Corporate 1-5 Year Bond Index
Shares Outstanding
as of 18/Jun/2024
34,455,770
ISIN
IE00B4L60045
Use of Income
Distributing
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
SE15 LN
ISA Eligibility
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 18/Jun/2024
2256
Benchmark Ticker
LEC4TREU
Standard Deviation (3y)
as of 31/May/2024
3.85%
Weighted Average YTM
as of 18/Jun/2024
3.79%
Weighted Avg Maturity
as of 18/Jun/2024
2.93
Benchmark Level
as of 18/Jun/2024
EUR 224.62
12 Month Trailing Dividend Distribution Yield
as of 18/Jun/2024
2.14
3y Beta
as of 31/May/2024
1.004
Weighted Avg Coupon
as of 18/Jun/2024
2.10
Effective Duration
as of 18/Jun/2024
2.77

Ratings

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 18/Jun/2024
Issuer Weight (%)
BNP PARIBAS SA 1.70
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 1.59
BANCO SANTANDER SA 1.49
SOCIETE GENERALE SA 1.34
BPCE SA 1.17
Issuer Weight (%)
ING GROEP NV 1.14
VOLKSWAGEN INTERNATIONAL FINANCE NV 1.09
UBS GROUP AG 1.01
CREDIT AGRICOLE SA 0.93
DEUTSCHE BANK AG 0.90
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date

The preliminary holdings of the fund are those taken prior to the start of each business day and are used to generate a daily static cash flow profile. This is determined by using a number of consistent assumptions which BlackRock believe to be appropriate in illustrating the cash flow profile of the fund for that day. The cash flow data is projected using the aggregated expected coupon and maturities of the individual bond holdings of the fund. Holdings and cashflows are subject to change and this information is not to be relied upon.

Exposure Breakdowns

Exposure Breakdowns

as of 18/Jun/2024

% of Market Value

Type Fund
as of 18/Jun/2024

% of Market Value

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.
as of 18/Jun/2024

% of Market Value

Type Fund
as of 18/Jun/2024

% of Market Value

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. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

 

  From
31-Mar-2014
To
31-Mar-2015
From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
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
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Securities Lending Return (%) 0.01 0.02 0.01 0.01 0.02 0.01 0.02 0.03 0.06 0.04
Average on-loan (% of AUM) 4.23 6.41 4.87 4.80 5.46 6.08 6.64 10.32 18.84 12.42
Maximum on-loan (% of AUM) 5.88 9.35 7.42 6.68 7.36 9.58 10.17 19.77 21.52 16.35
Collateralisation (% of Loan) 108.27 106.86 107.42 106.80 106.98 107.28 105.15 105.51 105.76 105.59
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of 18/Jun/2024
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.

The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
London Stock Exchange SE15 GBP 28/Sept/2009 B4L62P3 SE15 LN SE15.L
Deutsche Boerse Xetra EUNT EUR 15/Dec/2009 BVG2QK8 EUNT GY EUNT.DE
London Stock Exchange IE15 EUR 28/Sept/2009 B4L6004 IE15 LN IE15.L
Borsa Italiana SE15 EUR 19/Jan/2010 B5BR037 SE15 IM SE15.MI
SIX Swiss Exchange SE15 CHF 24/Jan/2014 BG5HD08 SE15 SW SE15.S

Literature

Literature