Fixed Income

iShares US Corporate Bond Index Fund (IE)

  • NAV as of 30/May/2024 EUR 12.08
    52 WK: 11.29 - 12.28
  • 1 Day NAV Change as of 30/May/2024 0.02 (0.17%)
  • 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 FTSE Euro Dollar Bond Index, the Fund’s benchmark index.

The Fund invests predominantly in the fixed income (FI) securities (such as bonds) that make up the Fund’s benchmark index (which comprises US denominated credit bonds).

The FI securities may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) and will be investment grade (i.e. meet a specified level of credit worthiness) 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 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

View full 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.

This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 4.0 15.3 0.5 6.5 -9.2 4.5
Benchmark (%) 3.3 15.1 0.4 6.5 -9.2 4.5

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

  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
Total Return (%)

as of 31/Mar/2024

7.77 0.77 1.23 -2.80 4.77
Benchmark (%)

as of 31/Mar/2024

7.60 0.64 1.02 -2.72 4.86
  1y 3y 5y 10y Incept.
Total Return (%) 4.33 1.09 1.89 - 2.92
Benchmark (%) 4.36 1.05 1.84 - 2.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 0.59 -1.23 -1.20 5.69 4.33 3.30 9.84 - 20.86
Benchmark (%) 0.61 -1.24 -0.99 5.58 4.36 3.20 9.56 - 19.67

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 USD.

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 of Share Class
as of 30/May/2024
EUR 8,855,415
Share Class Launch Date
27/Sept/2017
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.12%
Annual Management Fee
0.09%
Minimum Initial Investment
EUR 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
USD Corporate Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDZRPS9
Net Assets of Fund
as of 30/May/2024
USD 1,535,103,126
Fund Launch Date
01/Sept/2000
Fund Base Currency
USD
Benchmark Index
FTSE Euro Bond Index
Initial Charge
0.00%
ISIN
IE00BDZRPS94
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 5,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRICDEA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
5893
3y Beta
as of 30/Apr/2024
1.010
Modified Duration
as of 30/Apr/2024
6.44
Effective Duration
as of 30/Apr/2024
6.39
WAL to Worst
as of 30/Apr/2024
9.93
Standard Deviation (3y)
as of 30/Apr/2024
6.89%
Yield to Maturity
as of 30/Apr/2024
5.75
Weighted Average YTM
as of 30/Apr/2024
5.72%
Weighted Avg Maturity
as of 30/Apr/2024
9.93

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

4 stars
Overall Morningstar Rating for iShares US Corporate Bond Index Fund (IE), Class D Acc, as of 31/Jan/2023 rated against 298 USD Corporate Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 31/Dec/2023)

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
FEDERAL HOME LOAN BANKS 0.5 04/14/2025 0.13
INTERNATIONAL BANK FOR RECONSTRUCT MTN 1.625 11/03/2031 0.12
INTERNATIONAL BANK FOR RECONSTRUCT MTN 2.5 07/29/2025 0.11
FNMA BENCHMARK NOTE 7.25 05/15/2030 0.10
ANHEUSER-BUSCH COMPANIES LLC 4.9 02/01/2046 0.10
Name Weight (%)
INTERNATIONAL BANK FOR RECONSTRUCT 0.625 04/22/2025 0.09
CVS HEALTH CORP 5.05 03/25/2048 0.09
EUROPEAN INVESTMENT BANK 3.75 02/14/2033 0.08
EUROPEAN INVESTMENT BANK 0.375 03/26/2026 0.08
KFW 3.75 02/15/2028 0.08
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/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
Class D Acc EUR 12.08 0.02 0.17 30/May/2024 12.28 11.29 IE00BDZRPS94
Inst USD 17.61 0.07 0.42 30/May/2024 17.89 16.17 IE00B1W4R501
Flex GBP 10.22 0.04 0.41 30/May/2024 10.39 9.41 IE0003NA3WI1
Class Flexible Hedged SEK 10.04 0.04 0.40 30/May/2024 10.28 9.35 IE00BD0DT917
Class Flexible Hedged EUR 9.64 0.04 0.40 30/May/2024 9.85 8.95 IE00BYVZVL92
Class D USD 11.36 0.05 0.42 30/May/2024 11.54 10.43 IE00BD0NC706
Inst Hedged EUR 9.07 0.04 0.40 30/May/2024 9.28 8.43 IE00BL6VHD58
Flex USD 8.77 0.04 0.42 30/May/2024 9.08 8.20 IE00BYQQ0Z40
Flex USD 28.72 0.12 0.42 30/May/2024 29.17 26.35 IE0000407050

Portfolio Managers

Portfolio Managers

Darren Wills
Darren Wills

Literature

Literature