Individual Investors
An individual investor, also known as a retail client and a private client, is a client organisation or individual who cannot meet both (i) one or more of the professional client criteria laid down in Annex II to the Markets in Financial Instruments Directive II (Directive 2014/65/EU), and (ii) one or more of the qualified investor criteria set out in Article 2 of the Prospectus Regulation ((EU) 2017/1129).
Terms and Conditions
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
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The offshore funds described in the following pages are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
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Risk Warnings
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.
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.
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Investors should read the offering documents for further details including the risk factors before making an investment.
Please note that while some of the BlackRock funds are "ring-fenced", others form part of a single company and are not. For BlackRock funds that do not have segregated liability status, in the event of a single BlackRock fund being unable to meet liabilities attributable to that BlackRock fund out of the assets attributable to it, the excess may be met out of the assets attributable to the other BlackRock funds within the same company. We refer you to the prospectus or other relevant terms and conditions of each BlackRock fund for further information in this regard.
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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: 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.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 (%) | 8.5 | 1.8 | 2.1 | 0.4 | 0.5 | 4.3 | 2.8 | -2.0 | -14.9 | 7.1 |
Benchmark (%) | 8.7 | 2.0 | 2.3 | 0.6 | 0.7 | 4.5 | 3.0 | -1.9 | -14.8 | 7.2 |
From 30.06.2019 To 30.06.2020 |
From 30.06.2020 To 30.06.2021 |
From 30.06.2021 To 30.06.2022 |
From 30.06.2022 To 30.06.2023 |
From 30.06.2023 To 30.06.2024 |
|
---|---|---|---|---|---|
Total Return (%)
as of 30.Jun.2024 |
1.51 | 0.56 | -9.80 | -4.56 | 3.22 |
Benchmark (%)
as of 30.Jun.2024 |
1.71 | 0.75 | -9.64 | -4.44 | 3.34 |
1y | 3y | 5y | 10y | Incept. | |
---|---|---|---|---|---|
Total Return (%) | 4.93 | -3.57 | -1.79 | 0.35 | 1.98 |
Benchmark (%) | 5.06 | -3.43 | -1.63 | 0.53 | 2.17 |
YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
---|---|---|---|---|---|---|---|---|---|
Total Return (%) | 0.37 | 2.05 | 2.44 | 0.70 | 4.93 | -10.32 | -8.64 | 3.60 | 35.02 |
Benchmark (%) | 0.44 | 2.06 | 2.47 | 0.76 | 5.06 | -9.93 | -7.90 | 5.40 | 38.78 |
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
Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.
The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.
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.
Austria
Czech Republic
Denmark
Finland
France
Germany
Hungary
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Poland
Portugal
Singapore
Slovak Republic
Spain
Sweden
Switzerland
United Kingdom
Issuer | Weight (%) |
---|---|
ITALY (REPUBLIC OF) | 31.00 |
GERMANY (FEDERAL REPUBLIC OF) | 28.05 |
FRANCE (REPUBLIC OF) | 17.72 |
Issuer | Weight (%) |
---|---|
SPAIN (KINGDOM OF) | 16.76 |
NETHERLANDS (KINGDOM OF) | 6.30 |
Issuer Ticker | Name | Sector | Asset Class | Market Value | Weight (%) | Notional Value | Nominal | Par Value | ISIN | Location | Exchange | Duration | Maturity | Coupon (%) | Market Currency | Effective Date |
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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 30.06.2014 To 30.06.2015 |
From 30.06.2015 To 30.06.2016 |
From 30.06.2016 To 30.06.2017 |
From 30.06.2017 To 30.06.2018 |
From 30.06.2018 To 30.06.2019 |
From 30.06.2019 To 30.06.2020 |
From 30.06.2020 To 30.06.2021 |
From 30.06.2021 To 30.06.2022 |
From 30.06.2022 To 30.06.2023 |
From 30.06.2023 To 30.06.2024 |
|
---|---|---|---|---|---|---|---|---|---|---|
Securities Lending Return (%) | 0.03 | 0.03 | 0.04 | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 |
Average on-loan (% of AUM) | 28.36 | 24.99 | 28.82 | 33.50 | 24.04 | 28.27 | 23.24 | 29.94 | 32.58 | 27.62 |
Maximum on-loan (% of AUM) | 44.37 | 37.07 | 38.62 | 43.53 | 39.14 | 37.32 | 30.66 | 41.67 | 47.73 | 40.41 |
Collateralisation (% of Loan) | 110.43 | 108.58 | 109.43 | 109.76 | 109.03 | 110.96 | 108.57 | 107.12 | 106.63 | 106.01 |
Ticker | Name | Asset Class | Weight % | ISIN | SEDOL | Exchange | Location |
---|
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 |
---|---|---|---|---|---|---|
Euronext Amsterdam | IEGY | EUR | 13.Oct.2009 | B4VHCS9 | IEGY NA | IBGY.AS |
Deutsche Boerse Xetra | EUN9 | EUR | 20.Oct.2009 | BYMJGH1 | EUN9 GY | EUN9.DE |
London Stock Exchange | IBGY | GBP | 20.Apr.2009 | B4WXJP2 | IBGY LN | IBGY.L |
Borsa Italiana | IBGY | EUR | 19.Jan.2010 | B5818Y9 | IBGY IM | IBGY.MI |
SIX Swiss Exchange | IEGY | CHF | 05.Jul.2011 | B4K6GT6 | IEGY SW | IEGY.S |
Scenario |
If you exit after 1 year
|
If you exit after 3 years
|
|
---|---|---|---|
Minimum
There is no minimum guaranteed return. You could lose some or all of your investment.
|
|||
Stress
What you might get back after costs
Average return each year
|
8,510 EUR
-14.9%
|
7,810 EUR
-7.9%
|
|
Unfavourable
What you might get back after costs
Average return each year
|
8,510 EUR
-14.9%
|
8,450 EUR
-5.5%
|
|
Moderate
What you might get back after costs
Average return each year
|
10,100 EUR
1.0%
|
10,330 EUR
1.1%
|
|
Favourable
What you might get back after costs
Average return each year
|
10,840 EUR
8.4%
|
10,850 EUR
2.8%
|
The stress scenario shows what you might get back in extreme market circumstances.