Fixed Income

EMCP

iShares J.P. Morgan $ EM Corp Bond UCITS ETF

Overview

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. 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. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.
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Performance

Performance

  From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 30-Jun-20

5.63 6.35 -0.93 10.18 3.82
Benchmark (%) Index: J.P. Morgan CEMBI Broad Diversified Core Index

as of 30-Jun-20

6.06 6.61 -0.46 10.68 4.44
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - - -3.13 3.11 -0.25 10.80 7.68 -2.53 13.38
Benchmark (%) Index: J.P. Morgan CEMBI Broad Diversified Core Index - - - -2.81 3.47 0.08 11.30 8.03 -2.06 13.94

Chart

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Distributions

Record Date Ex-Date Total Distribution
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Key Facts

Key Facts

Net Assets as of 10-Jul-20 USD 697,325,416
Net Assets of Fund as of 10-Jul-20 USD 1,072,826,851
Fund Base Currency USD
Share Class Currency USD
Fund Launch Date 17-Apr-12
Share Class launch date 17-Apr-12
Asset Class Fixed Income
Product Structure Physical
Domicile Ireland
Benchmark Index J.P. Morgan CEMBI Broad Diversified Core Index
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Frequency Monthly
ISIN IE00B6TLBW47
Bloomberg Ticker EMCP LN
Issuing Company iShares V plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 10-Jul-20 6,935,625
Benchmark Level as of 10-Jul-20 USD 369.06
Benchmark Ticker JBCDCORE
Fiscal Year End 30 November

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of - -
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of - -
All data is from MSCI ESG Fund Ratings as of 01-Jun-20, based on holdings as of 30-Apr-20. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.

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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Chile

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • South Africa

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 09-Jul-20
Ticker ISIN Name Name of the underlying security Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 09-Jul-20
Issuer Weight (%)
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.23
ECOPETROL SA 1.95
SAUDI ARABIAN OIL CO 1.84
PETROBRAS GLOBAL FINANCE BV 1.76
SANDS CHINA LTD 1.59
Issuer Weight (%)
BOC AVIATION LTD 1.28
FIRST QUANTUM MINERALS LTD 1.04
YPF SA 0.92
ABU DHABI NATIONAL ENERGY COMPANY PJSC 0.91
BANGKOK BANK PUBLIC CO LTD (HONG KONG BRANCH) 0.88
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration

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.

 

Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of 31-Mar-20

  • Securities Lending Return: 0.05
  • Average on-loan (% of AUM): 17.88
  • Maximum on-loan (% of AUM): 25.62
  • Collateralisation (% of Loan): 107.21
as of 09-Jul-20
Name Ticker ISIN SEDOL Location Asset Class Weight (%)
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 information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**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 basis and are subject to change.

Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 09-Jul-20

% of Market Value

Type Fund
as of 09-Jul-20

% 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. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of 09-Jul-20

% of Market Value

Type Fund
as of 09-Jul-20

% of Market Value

Type Fund
as of 09-Jul-20

% 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.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange EMCP GBP 19-Apr-12 B6835Z2 EMCP LN EMCP.L EMCRUINAV.DE INAVMCRU IE00B6TLBW47 - 18425202 - -
Deutsche Boerse Xetra IS0Q EUR 23-Jul-12 B89D1Y6 IS0Q GY IS0Q.DE - - IE00B6TLBW47 A1JWS3 - - -
London Stock Exchange EMCR USD 19-Apr-12 B6TLBW4 EMCR LN EMCR.L EMCRGINAV.DE INAVMCRG IE00B6TLBW47 - - - -
Bolsa Mexicana De Valores EMCR MXN 22-Jun-18 BDZ9XB4 EMCRN MM EMCRN.MX - - IE00B6TLBW47 - - - -
Borsa Italiana EMCR EUR 20-May-13 B9MCNP2 EMCR IM EMCP.MI INAVMCRU EMCRUINAV.DE IE00B6TLBW47 - - - -
SIX Swiss Exchange EMCR CHF 02-May-13 B96QP21 EMCR SW EMCU.S INAVMCRC - IE00B6TLBW47 - 18425202 - -

Literature

Literature