This section includes investor type descriptions for professional clients and market counterparties.
Professional client
A Professional Client is either: (i) a ‘deemed’ professional client; (ii) serviced-based professional client; or (iii) an assessed professional Client
(i) Deemed Professional Client
A person is a “deemed” professional client if the person is:
(ii) Service-based Professional Clients
A person is a ‘serviced-based’ professional client if
(iii) Assessed-based Professional Clients
Assessed-based professional clients can be either (i) individuals; or (ii) undertakings
Individuals
An individual (and associated joint account holders) would be classified as an ‘assessed-based professional client’ if:
Where there is a joint account in place, the secondary account holder must obtain confirmation in writing that investment decisions relating to the joint account are made for or on behalf of the secondary account holder
Undertakings
Undertakings, which are generally not individuals, would be classified as ‘assessed-based’ professional clients if it:
Market counterparties
A Market Counterparty is any person who is either:
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MVOL
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. The funds should not be considered low risk in absolute terms and may not be suitable for cautious investors. While the indices tracked by these funds have been designed with the aim of reducing risk, there are no guarantees they will attain a more conservative level of risk than their respective major stock market index. Overseas investments will be affected by movements in currency exchange rates. Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. 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. The Fund tracks an index comprising securities with lower volatility historically. “Minimum volatility” in the Fund’s name refers to its underlying index exposure and not to its trading price. There is no guarantee that the trading price of its shares on exchanges will have low volatility.This chart shows the product's performance as the percentage loss or gain per year over the last 10 years.
This chart shows the product’s performance as the percentage loss or gain per year over the last 10 years against its benchmark. It can help you to assess how the product has been managed in the past and compare it to its benchmark.
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 5.1 | 7.4 | 17.4 | -2.1 | 23.2 | 2.6 | 14.2 | -9.9 | 7.8 | 10.8 |
Benchmark (%) | 5.2 | 7.5 | 17.3 | -2.0 | 23.2 | 2.6 | 14.3 | -9.8 | 7.4 | 10.9 |
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 |
From 31-Mar-2024 To 31-Mar-2025 |
|
---|---|---|---|---|---|
Total Return (%)
as of 31-Mar-2025 |
23.08 | 9.42 | -5.13 | 11.44 | 13.18 |
Benchmark (%)
as of 31-Mar-2025 |
23.01 | 9.54 | -5.10 | 11.14 | 13.23 |
1y | 3y | 5y | 10y | Incept. | |
---|---|---|---|---|---|
Total Return (%) | 17.15 | 8.97 | 8.36 | 7.82 | 8.89 |
Benchmark (%) | 17.20 | 8.88 | 8.32 | 7.83 | 8.91 |
YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 10.14 | 1.11 | 2.82 | 4.72 | 17.15 | 29.39 | 49.37 | 112.41 | 190.04 |
Benchmark (%) | 10.12 | 1.08 | 2.79 | 4.70 | 17.20 | 29.06 | 49.12 | 112.56 | 190.56 |
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 USD, hedged share class benchmark performance is displayed in USD.
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
Austria
Denmark
Finland
France
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Portugal
Saudi Arabia
Singapore
South Africa
Spain
Sweden
Switzerland
United Kingdom
Issuer Ticker | Name | Sector | Asset Class | Market Value | Weight (%) | Notional Value | Nominal | ISIN | Market Currency |
---|---|---|---|---|---|---|---|---|---|
DTE | DEUTSCHE TELEKOM N AG | Communication | Equity | USD 62,349,835.05 | 1.51 | 62,349,835.05 | 1,629,460.00 | DE0005557508 | EUR |
RSG | REPUBLIC SERVICES INC | Industrials | Equity | USD 60,709,945.60 | 1.47 | 60,709,945.60 | 243,424.00 | US7607591002 | USD |
ROP | ROPER TECHNOLOGIES INC | Information Technology | Equity | USD 55,757,245.52 | 1.35 | 55,757,245.52 | 97,294.00 | US7766961061 | USD |
COR | CENCORA INC | Health Care | Equity | USD 55,573,558.20 | 1.35 | 55,573,558.20 | 195,716.00 | US03073E1055 | USD |
DUK | DUKE ENERGY CORP | Utilities | Equity | USD 54,646,985.79 | 1.33 | 54,646,985.79 | 473,257.00 | US26441C2044 | USD |
MCK | MCKESSON CORP | Health Care | Equity | USD 54,309,850.70 | 1.32 | 54,309,850.70 | 76,685.00 | US58155Q1031 | USD |
SO | SOUTHERN | Utilities | Equity | USD 53,556,748.50 | 1.30 | 53,556,748.50 | 605,161.00 | US8425871071 | USD |
TMUS | T MOBILE US INC | Communication | Equity | USD 52,940,067.80 | 1.29 | 52,940,067.80 | 222,484.00 | US8725901040 | USD |
CSCO | CISCO SYSTEMS INC | Information Technology | Equity | USD 50,866,233.00 | 1.24 | 50,866,233.00 | 771,870.00 | US17275R1023 | USD |
MSI | MOTOROLA SOLUTIONS INC | Information Technology | Equity | USD 48,915,721.62 | 1.19 | 48,915,721.62 | 118,506.00 | US6200763075 | USD |
% of Market Value
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-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 |
From 31-Mar-2024 To 31-Mar-2025 |
|
---|---|---|---|---|---|---|---|---|---|---|
Securities Lending Return (%) | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 |
Average on-loan (% of AUM) | 6.66 | 8.80 | 10.06 | 11.49 | 11.06 | 11.63 | 11.00 | 11.38 | 10.71 | 8.15 |
Maximum on-loan (% of AUM) | 10.47 | 12.99 | 12.74 | 13.81 | 14.34 | 15.22 | 14.48 | 14.56 | 14.71 | 12.86 |
Collateralisation (% of Loan) | 111.11 | 111.70 | 111.88 | 111.51 | 111.26 | 110.98 | 110.26 | 109.36 | 109.82 | 109.75 |
Ticker | Name | Asset Class | Weight % | ISIN | SEDOL | Exchange | Location |
---|---|---|---|---|---|---|---|
- | JAPAN | - | 8.13 | JP1103771R12 | BR1Z0C4 | - | - |
UKTI | UK I/L GILT | Fixed Income | 3.52 | GB00BYY5F144 | BYY5F14 | Boerse Duesseldorf | United Kingdom |
- | JAPAN (2 YEAR ISSUE) BONDS 11/26 0.5 | - | 2.84 | JP1024661QB1 | BRBJQM8 | - | - |
JGB | JAPAN (GOVERNMENT OF) 20YR #161 | Fixed Income | 2.77 | JP1201611H69 | BF5GM01 | London Stock Exchange | Japan |
JGB | JAPAN (GOVERNMENT OF) 20YR #165 | Fixed Income | 2.60 | JP1201651J76 | BF2N6L4 | London Stock Exchange | Japan |
- | France Republic Of (Government) (3% 25-M | - | 2.28 | FR001400H7V7 | BPK28C8 | - | - |
JGB | JAPAN (GOVERNMENT OF) 30YR #27 | Fixed Income | 1.78 | JP13002717A6 | B28PKL1 | London Stock Exchange | Japan |
ASML | ASML HOLDING NV | Equity | 1.58 | NL0010273215 | B929F46 | Euronext Amsterdam | Netherlands |
- | TSY INFL IX N/B 01/33 1.125 | - | 1.54 | US91282CGK18 | BQFMC06 | - | - |
MSFT | MICROSOFT CORP | Equity | 1.53 | US5949181045 | 2588173 | NASDAQ | United States |
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.
Exchange | Ticker | Currency | Listing Date | SEDOL | Bloomberg Ticker | RIC |
---|---|---|---|---|---|---|
Bolsa De Valores De Colombia | MVOL | COP | 19-Sep-2023 | BN71MR7 | MVOL CB | - |
Bolsa Mexicana De Valores | MVOL | MXN | 03-Nov-2017 | BDG0V78 | MVOLN MM | - |
Borsa Italiana | MVOL | EUR | 16-Feb-2015 | BVDPHB8 | MVOL IM | MVOL.MI |
Cboe Europe | MVOL | USD | 18-Nov-2013 | B8FHGS1 | MVOL IX | MVOLl.CHI |
Deutsche Boerse Xetra | IQQ0 | EUR | 11-Feb-2013 | BQXKMB3 | IQQ0 GY | IQQ0.DE |
London Stock Exchange | MVOL | USD | 03-Dec-2012 | B8FHGS1 | MVOL LN | MVOL.L |
London Stock Exchange | MINV | GBP | 03-Dec-2012 | B894QH7 | MINV LN | MINVI.L |
SIX Swiss Exchange | MVOL | CHF | 02-May-2013 | B9G70M9 | MVOL SW | MVOL.S |
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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. MSCI Ratings are currently unavailable for this fund.
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.
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.
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
In the UK and Non-European Economic Area (EEA) countries: this is issued by BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL, Tel: +44-207-743-2030. Registered in England and Wales No. 00796793. For your protection, calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.
iShares plc, iShares II plc, iShares III plc, iShares IV plc, iShares V plc, iShares VI plc and iShares VII plc (together 'the Companies') are open-ended investment companies with variable capital having segregated liability between their funds organised under the laws of Ireland and authorised by the Central Bank of Ireland.
Further information about the Fund and the Share Class, such as details of the key underlying investments of the Share Class and share prices, is available on the iShares website at www.ishares.com or by calling +44 (0)845 357 7000 or from your broker or financial adviser. The indicative intra-day net asset value of the Share Class is available at http://deutsche-boerse.com and/or http://www.reuters.com. A UCITS ETF’s units / shares that have been acquired on the secondary market cannot usually be sold directly back to the UCITS ETF itself. Investors who are not Authorised Participants must buy and sell shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees and additional taxes in doing so. In addition, as the market price at which the Shares are traded on the secondary market may differ from the Net Asset Value per Share, investors may pay more than the then current Net Asset Value per Share when buying shares and may receive less than the current Net Asset Value per Share when selling them.
For investors in the UAE: A copy of this document has been submitted to the UAE Securities and Commodities Authority (the “Authority”). The Authority assumes no liability for the accuracy of the information set out in this document, nor for the failure of any persons engaged in the investment fund in performing their duties and responsibilities. The relevant parties whose names are listed in this document shall assume such liability, each according to their respective roles and duties.
Capital at risk: 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. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time. BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information. Investment should be made on the basis of the relevant Prospectus which is available from the manager. The products mentioned in this document are intended for information purposes only and do not constitute investment advice or an offer to sell or a solicitation of an offer to buy the securities described within. This document may not be distributed without authorisation from BlackRock.
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