Fixed Income

BlackRock Euro Credit Enhanced Index Fund

  • NAV as of 31/Oct/2022 EUR 10.74
    52 WK: 10.57 - 13.05
  • 1 Day NAV Change as of 31/Oct/2022 -0.03 (-0.27%)
  • Morningstar Rating

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.

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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Chart
Line chart with 192 data points.
The chart has 1 X axis displaying Time. Range: 2006-12-31 00:00:00 to 2022-11-30 00:00:00.
The chart has 1 Y axis displaying values. Range: 0 to 100.
YTD6M1Y3Y5Y10YAll
End of interactive chart.
Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.
Chart
Line chart with 2602 data points.
The chart has 1 X axis displaying Time. Range: 2012-05-09 00:00:00 to 2022-10-31 00:00:00.
The chart has 1 Y axis displaying values. Range: 10 to 14.
YTD6M1Y3Y5Y10YAll
End of interactive chart.

Distributions

View full table
For more information: +353 1 612 3394 • www.blackrock.com • investor.services@blackrock.com
Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -4 to 6.
End of interactive chart.
  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) 0.4 3.8 1.7 -0.4 5.5 3.3 -1.7
Target Benchmark 1 (%) 0.1 3.4 1.1 -0.2 5.0 2.8 -1.9

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

  1y 3y 5y 10y Incept.
Total Return (%) -16.69 -5.39 -2.29 0.61 2.64
Target Benchmark 1 (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) -16.27 0.00 -3.43 -6.80 -16.69 -15.32 -10.96 6.22 51.20
Target Benchmark 1 (%) - 2.37 - - - - - - -
  From
30-Sept-2017
To
30-Sept-2018 		From
30-Sept-2018
To
30-Sept-2019 		From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022
Total Return (%)

as of 30/Sept/2022

0.14 6.78 0.58 0.34 -16.88
Target Benchmark 1 (%)

as of 30/Sept/2022

0.08 6.56 0.21 0.01 -

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. 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
as of 31/Oct/2022
EUR 11,563,647
Share Class launch date
01/Dec/2005
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.02%
ISIN
IE00B1JC0J29
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
EUR Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B1JC0J2
Net Assets of Fund
as of 15/May/2025
EUR 1,320,707,880
Fund Launch Date
30/Jun/2003
Fund Base Currency
EUR
Target Benchmark 1
FTSE EuroBIG ex Domestic Treasury Index (EUR)
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEUEH

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2025
601
Standard Deviation (3y)
as of 30/Nov/2022
6.45%
Yield to Maturity
as of 30/Apr/2025
3.01
Weighted Average YTM
as of 30/Apr/2025
2.97%
Weighted Avg Maturity
as of 30/Apr/2025
6.35
12 Month Trailing Dividend Distribution Yield
as of 31/Jul/2023
0.69
3y Beta
as of 30/Nov/2022
1.000
Modified Duration
as of 30/Apr/2025
5.37
Effective Duration
as of 30/Apr/2025
5.40
WAL to Worst
as of 30/Apr/2025
6.35

Risk Indicator

Risk Indicator

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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BlackRock Euro Credit Enhanced Index Fund, Flex, as of 31/Oct/2022 rated against 1354 EUR Corporate Bond Funds.

Holdings

Holdings

as of 30/Apr/2025
Name Weight (%)
ISH CORE EURO CORP BND ETF EUR DIS 2.28
EUROPEAN INVESTMENT BANK MTN 4 10/15/2037 1.73
NESTLE FINANCE INTERNATIONAL LTD RegS 1.5 04/01/2030 1.20
GERMANY (FEDERAL REPUBLIC OF) 2.5 08/15/2054 0.93
EUROPEAN UNION RegS 0.25 04/22/2036 0.83
Name Weight (%)
KFW MTN RegS 0 09/30/2026 0.73
EUROPEAN INVESTMENT BANK MTN RegS 0 06/17/2027 0.72
ALLIANZ FINANCE II BV MTN RegS 1.5 01/15/2030 0.71
CAISSE AMORTISSEMENT DE LA DETTE S MTN RegS 0 02/25/2028 0.71
SMITHS GROUP PLC MTN RegS 2 02/23/2027 0.70
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2025

% of Market Value

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as of 30/Apr/2025

% of Market Value

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as of 30/Apr/2025

% of Market Value

as of 30/Apr/2025

% of Market Value

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

Portfolio Managers

Portfolio Managers

Riyadh Ali
Riyadh Ali
Alessandro Ferrante
Alessandro Ferrante
Group SFI LO EMEA
Group SFI LO EMEA

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Literature

Literature