Fixed Income

iShares Over 15 Years Corporate Index 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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. 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. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 17.7 15.0 -5.5 -34.4 10.6
Target Benchmark 1 (%) 17.3 15.1 -5.7 -34.6 11.0

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

  1y 3y 5y 10y Incept.
6.75 -11.12 -4.35 - -2.34
Target Benchmark 1 (%) 6.42 -11.32 -4.53 - -2.53
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-5.29 -0.42 -0.09 2.98 6.75 -29.78 -19.93 - -12.57
Target Benchmark 1 (%) -6.04 -0.16 -0.32 2.30 6.42 -30.26 -20.70 - -13.58
  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

2.31 11.45 -8.63 -23.23 5.75
Target Benchmark 1 (%)

as of 31/Mar/2024

3.32 9.93 -8.74 -23.34 5.35

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 17/Jun/2024
GBP 181,661,277
Fund Launch Date
24/Sept/2018
Fund Base Currency
GBP
Target Benchmark 1
Markit iBoxx GBP Non-Gilts Over 15 Years Index
Ongoing Charges Figures
0.22%
Annual Management Fee
0.20%
Minimum Initial Investment
GBP 1,000,000.00
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
GBP Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFBFX65
Share Class launch date
24/Sept/2018
Share Class Currency
GBP
Asset Class
Fixed Income
Initial Charge
0.00%
ISIN
GB00BFBFX657
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
IO15CLI

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
224
Standard Deviation (3y)
as of 31/May/2024
17.37%
Yield to Maturity
as of 31/May/2024
5.79
Weighted Average YTM
as of 31/May/2024
5.78%
Weighted Avg Maturity
as of 31/May/2024
24.45
12 Month Trailing Dividend Distribution Yield
as of 31/May/2024
4.57
3y Beta
as of 31/May/2024
0.985
Modified Duration
as of 31/May/2024
12.82
Effective Duration
as of 31/May/2024
12.97
WAL to Worst
as of 31/May/2024
24.45

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31/May/2024
Name Weight (%)
ENEL FINANCE INTERNATIONAL SA MTN RegS 5.75 09/14/2040 1.78
ELECTRICITE DE FRANCE SA MTN RegS 5.5 10/17/2041 1.67
ELECTRICITE DE FRANCE SA MTN RegS 6 01/23/2114 1.54
AT&T INC MTN 7 04/30/2040 1.49
LCR FINANCE PLC 5.1 03/07/2051 1.36
Name Weight (%)
AT&T INC 4.875 06/01/2044 1.35
EON INTERNATIONAL FINANCE BV MTN RegS 6.125 07/06/2039 1.23
PFIZER INC RegS 2.735 06/15/2043 1.20
THFC FUNDING NO 3 PLC MTN RegS 5.2 10/11/2043 1.19
LLOYDS TSB BANK PLC MTN RegS 6.5 09/17/2040 1.17
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/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 0.74 0.00 -0.21 17/Jun/2024 0.79 0.65 GB00BFBFX657
Class L GBP 0.88 0.00 -0.22 17/Jun/2024 0.92 0.76 GB00BFBFX541
Class X GBP 0.89 0.00 -0.22 17/Jun/2024 0.93 0.76 GB00BFBFX764
Class D GBP 0.74 0.00 -0.22 17/Jun/2024 0.79 0.65 GB00BFBFX434
Class D GBP 0.88 0.00 -0.22 17/Jun/2024 0.92 0.76 GB00BFBFX327

Portfolio Managers

Portfolio Managers

Matthew Jackson
Matthew Jackson

Literature

Literature