Fixed Income

iShares ESG Sterling 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.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. The benchmark index only excludes companies engaging in certain activities inconsistent with ESG criteria if such activities exceed the thresholds determined by the index provider. Investors should therefore make a personal ethical assessment of the benchmark index’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening.
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Performance

Performance

Distributions

This product does not have any distributions data as of now.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

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

Size of Fund (Millions) as of 19-Oct-21 GBP 496.407
Number of Holdings as of 30-Sep-21 826
Base Currency British Pound
Fund Launch Date 06-Sep-21
Share Class launch date 06-Sep-21
Asset Class Fixed Income
Benchmark Index iBoxx MSCI ESG Screened GBP Non-Gilts MIDDAY Gross Index
SFDR Classification Other
Investment Association Category -
Domicile United Kingdom
Regulatory Structure UCITS
Management Company BlackRock Fund Managers Ltd
Ongoing Charges Figures 0.12%
ISIN GB00BN08Z217
Bloomberg Ticker -
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BN08Z21
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100,000.00
Minimum Subsequent Investment GBP 100.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 30-Sep-21 1.63%
Modified Duration as of 30-Sep-21 7.37
Effective Duration as of 30-Sep-21 7.36
Weighted Avg Maturity as of 30-Sep-21 9.61
WAL to Worst as of 30-Sep-21 9.61

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 30-Sep-21 0.00%
MSCI - UN Global Compact Violators as of 30-Sep-21 0.00%
MSCI - Nuclear Weapons as of 30-Sep-21 0.00%
MSCI - Thermal Coal as of 30-Sep-21 0.00%
MSCI - Civilian Firearms as of 30-Sep-21 0.00%
MSCI - Oil Sands as of 30-Sep-21 0.00%
MSCI - Tobacco as of 30-Sep-21 0.00%

Business Involvement Coverage as of 30-Sep-21 93.60%
Percentage of Fund not covered as of 30-Sep-21 6.40%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 30-Sep-21
Name Weight (%)
KFW BANKENGRUPPE MTN 5.75 06/07/2032 0.74
EUROPEAN INVESTMENT BANK MTN RegS 1.375 03/07/2025 0.62
EUROPEAN INVESTMENT BANK 6 12/07/2028 0.62
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.58
EUROPEAN INVESTMENT BANK MTN RegS 0.875 12/15/2023 0.51
Name Weight (%)
KFW MTN RegS 1.25 12/29/2023 0.50
KFW MTN RegS 0.75 12/07/2027 0.48
EUROPEAN INVESTMENT BANK 5 04/15/2039 0.47
KFW MTN RegS 1.375 12/09/2024 0.46
KFW MTN RegS 0.875 09/15/2026 0.44
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN TIS
Class H GBP - 0.97 0.00 0.06 1.00 0.96 0.97 GB00BN08Z217 -
Class L GBP - 0.97 0.00 0.07 1.00 0.96 0.97 GB00BN08Z324 -
Class X GBP - 0.97 0.00 0.07 1.00 0.96 0.97 GB00BN08Z548 -
Class D GBP - 0.97 0.00 0.06 1.00 0.96 0.97 GB00BN08Z092 -
Class L GBP - 0.97 0.00 0.06 1.00 0.96 0.97 GB00BN08Z431 -
Class H GBP - 0.97 0.00 0.06 1.00 0.96 0.97 GB00BN08Z100 -
Class X GBP - 0.97 0.00 0.07 1.00 0.96 0.97 GB00BN08Z654 -
Class D GBP - 0.97 0.00 0.06 1.00 0.96 0.97 GB00BN08YZ75 -

Portfolio Managers

Portfolio Managers

Duncan Fergusson
Duncan Fergusson

Literature

Literature