Fixed Income

iShares US Corporate Bond Index Fund (IE)

  • NAV as of 21/Nov/2024 EUR 9.94
    52 WK: 9.35 - 10.28
  • 1 Day NAV Change as of 21/Nov/2024 0.00 (0.01%)

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

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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.

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 (%) -4.4 10.1 7.8 -1.9 -17.0 5.7
Benchmark (%) -1.7 13.0 9.4 -1.0 -14.8 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

5.70 0.67 -18.91 0.78 11.58
Benchmark (%)

as of 30/Sept/2024

7.54 1.67 -17.45 3.55 13.50
  1y 3y 5y 10y Incept.
Total Return (%) 10.98 -3.86 -1.15 - -0.03
Benchmark (%) 12.93 -1.79 0.63 - 2.05
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 1.51 -2.44 0.27 4.79 10.98 -11.13 -5.61 - -0.23
Benchmark (%) 2.97 -2.23 0.89 5.74 12.93 -5.26 3.19 - 14.94

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
as of 21/Nov/2024
EUR 36,246,222
Share Class launch date
20/Dec/2017
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
ISIN
IE00BYVZVL92
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYVZVL9
Net Assets of Fund
as of 21/Nov/2024
USD 1,430,840,298
Fund Launch Date
01/Sept/2000
Fund Base Currency
USD
Benchmark Index
FTSE Euro Dollar Bond Index
Initial Charge
-
Management Fee
-
Performance Fee
-
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BICFEHA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
5805
3y Beta
as of 31/Oct/2024
1.016
Modified Duration
as of 31/Oct/2024
6.63
Effective Duration
as of 31/Oct/2024
6.56
WAL to Worst
as of 31/Oct/2024
10.10
Standard Deviation (3y)
as of 31/Oct/2024
8.84%
Yield to Maturity
as of 31/Oct/2024
5.17
Weighted Average YTM
as of 31/Oct/2024
5.14%
Weighted Avg Maturity
as of 31/Oct/2024
10.10

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
INTERNATIONAL BANK FOR RECONSTRUCT MTN 1.625 11/03/2031 0.12
ANHEUSER-BUSCH COMPANIES LLC 4.9 02/01/2046 0.11
FNMA BENCHMARK NOTE 7.25 05/15/2030 0.11
T-MOBILE USA INC 3.875 04/15/2030 0.09
EUROPEAN INVESTMENT BANK 0.375 03/26/2026 0.09
Name Weight (%)
KFW 3.75 02/15/2028 0.09
SAUDI ARABIA (KINGDOM OF) MTN 144A 3.625 03/04/2028 0.09
INTERNATIONAL FINANCE CORP MTN 3.625 09/15/2025 0.08
MORGAN STANLEY MTN 3.125 07/27/2026 0.08
INTER-AMERICAN DEVELOPMENT BANK MTN 1.5 01/13/2027 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
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 Flexible Hedge EUR 9.94 0.00 0.01 21/Nov/2024 10.28 9.35 IE00BYVZVL92
Flex GBP 10.61 0.00 0.02 21/Nov/2024 10.95 9.85 IE0003NA3WI1
Class D USD 11.82 0.00 0.02 21/Nov/2024 12.18 10.92 IE00BD0NC706
Flex USD 8.93 0.00 0.02 21/Nov/2024 9.21 8.60 IE00BYQQ0Z40
Inst USD 18.32 0.00 0.02 21/Nov/2024 18.88 16.94 IE00B1W4R501
Flex USD 29.89 0.01 0.02 21/Nov/2024 30.81 27.61 IE0000407050
Class D Acc EUR 12.96 0.01 0.11 21/Nov/2024 12.96 11.51 IE00BDZRPS94
Inst Hedged EUR 9.34 0.00 0.01 21/Nov/2024 9.67 8.81 IE00BL6VHD58
Class Flexible Hedge SEK 10.34 0.00 0.00 21/Nov/2024 10.71 9.76 IE00BD0DT917

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek

Literature

Literature