Fixed Income

iShares Euro Investment Grade Corporate Bond Index Fund (IE)

  • NAV as of 20/Nov/2024 EUR 9.91
    52 WK: 9.36 - 9.93
  • 1 Day NAV Change as of 20/Nov/2024 -0.01 (-0.08%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a total return on your investment, through a combination of capital growth and income, which reflects the return of the Bloomberg Capital Euro Aggregate Corporate Index (the "Index").

The Fund invests predominantly in the fixed income (FI) securities (such as bonds) which make up the benchmark index (which comprises corporate bonds).

The FI securities may be issued by companies, governments and government agencies of both European Monetary Union (EMU) and non-EMU participant states and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled in countries both in and outside the European Union. The FI securities will be investment grade (i.e. meet a specified level of credit worthiness) or are deemed by the investment manager to be of equivalent rating at the time of purchase. If the credit rating of a FI security is downgraded, the Fund may continue to hold this, until it is practicable to sell the position.

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 financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund.

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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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.

Distributions

Ex-Date Total Distribution
View full table
Ex-Date Total Distribution
For more information: +353 1 612 3394 • www.blackrock.com • investor.services@blackrock.com

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 (%) 1.2 0.0 -1.0 2.4 -1.3 6.4 2.8 -1.0 -13.6 8.2
Benchmark (%) 8.4 -0.6 4.7 2.4 -1.3 6.2 2.8 -1.0 -13.6 8.2

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

  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

0.27 1.65 -15.10 3.73 9.59
Benchmark (%)

as of 30/Sept/2024

0.26 1.66 -15.14 3.65 9.56
  1y 3y 5y 10y Incept.
Total Return (%) 8.80 -1.03 -0.35 - -
Benchmark (%) 8.79 -1.08 -0.38 - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.54 -0.31 1.20 3.90 8.80 -3.07 -1.73 - -
Benchmark (%) 3.51 -0.31 1.22 3.91 8.79 -3.21 -1.87 - -

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 20/Nov/2024
EUR 102,433,577
Share Class launch date
09/Feb/2012
Share Class Currency
EUR
Asset Class
Fixed Income
Index Ticker
LECPTREU
Initial Charge
0.00%
Management Fee
0.12%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRIGIED
Net Assets of Fund
as of 20/Nov/2024
EUR 1,812,081,068
Fund Launch Date
09/Feb/2012
Fund Base Currency
EUR
Benchmark Index
Bloomberg Euro Corporate Bond Index
SFDR Classification
Other
Ongoing Charges Figures
0.15%
ISIN
IE00B3XPCW80
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
EUR Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B3XPCW8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
3795
Standard Deviation (3y)
as of 31/Oct/2024
6.52%
Yield to Maturity
as of 31/Oct/2024
3.43
Weighted Average YTM
as of 31/Oct/2024
3.33%
Weighted Avg Maturity
as of 31/Oct/2024
4.97
12 Month Trailing Dividend Distribution Yield
as of 31/Oct/2024
2.11
3y Beta
as of 31/Oct/2024
0.999
Modified Duration
as of 31/Oct/2024
4.39
Effective Duration
as of 31/Oct/2024
4.43
WAL to Worst
as of 31/Oct/2024
4.97

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Euro Investment Grade Corporate Bond Index Fund (IE), Inst, as of 31/Oct/2024 rated against 1344 EUR Corporate Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Sept/2024)
Analyst-Driven % as of 30/Sept/2024
100.00
Data Coverage % as of 30/Sept/2024
100.00

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
ANHEUSER-BUSCH INBEV NV MTN RegS 2 03/17/2028 0.12
UBS GROUP AG MTN RegS 7.75 03/01/2029 0.11
ANHEUSER-BUSCH INBEV NV MTN RegS 2.75 03/17/2036 0.10
VOLKSWAGEN INTERNATIONAL FINANCE N RegS 1.875 03/30/2027 0.09
BP CAPITAL MARKETS PLC NC6 RegS 3.25 12/31/2079 0.09
Name Weight (%)
JPMORGAN CHASE & CO MTN RegS 4.457 11/13/2031 0.09
UBS GROUP AG MTN RegS 2.125 10/13/2026 0.09
DEUTSCHE BANK AG MTN RegS 1.625 01/20/2027 0.08
JPMORGAN CHASE & CO MTN RegS 1.963 03/23/2030 0.08
BP CAPITAL MARKETS PLC NC9 RegS 3.625 12/31/2079 0.08
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Inst EUR 9.91 -0.01 -0.08 20/Nov/2024 9.93 9.36 IE00B3XPCW80
Class Flexible Hedged SEK 10.86 0.02 0.17 14/Nov/2024 10.86 10.04 IE00BD0DTB36
Inst EUR 13.55 -0.01 -0.08 20/Nov/2024 13.58 12.53 IE00B67T5G21
Class D Acc EUR 10.57 -0.01 -0.08 20/Nov/2024 10.59 9.77 IE00BDRK7J14
Flex EUR 12.54 -0.01 -0.08 20/Nov/2024 12.56 11.58 IE00B651M583

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek

Literature

Literature