Fixed Income

26TA

iShares iBonds Dec 2026 Term € Italy Govt Bond UCITS ETF

  • NAV as of 03/Dec/2024 EUR 5.09
  • 1 Day NAV Change as of 03/Dec/2024 0.00 (-0.02%)
  • Weighted Average YTM 03/Dec/2024 2.29%

Overview

WHY 26TA?

  1. Exposure to euro-denominated bonds
  2. Exposure to bonds issued by the government of Italy with maturities between 01/01/26 and 02/12/26, inclusive
  3. It is a term of investment in the Fund that Shareholders on 02/12/26 will have their shares redeemed without further notice or shareholder approval on 03/12/26

INVESTMENT OBJECTIVE

The fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the ICE 2026 Maturity Italy UCITS Index, the Fund’s benchmark index.

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.

Fixed maturity products are designed for investors to hold the shares/units for the full period of the fund, otherwise the loss of capital may be greater.  The fund may also see an enhanced risk to early closure. Given the changing nature of the assets held, the risks incurred by investors will differ during each period.  Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events.

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
Show Less
Loading

Performance

Performance

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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

Key Facts

Key Facts

Net Assets
as of 03/Dec/2024
EUR 935,572
Inception Date
05/Aug/2024
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.12%
Use of Income
Accumulating
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
26TA IM
ISA Eligibility
Yes
Net Assets of Fund
as of 03/Dec/2024
EUR 4,699,146
Fund Launch Date
23/Apr/2024
Base Currency
EUR
Benchmark Index
ICE 2026 Maturity Italy UCITS (I26U) Index
Shares Outstanding
as of 03/Dec/2024
183,852
ISIN
IE000G6CY1T7
Securities Lending Return
-
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares V plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
30 November
SIPP Available
Yes
UK Reporting Status
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 03/Dec/2024
12
Benchmark Ticker
I26U
3y Beta
as of -
-
Weighted Avg Coupon
as of 03/Dec/2024
2.25
Effective Duration
as of 03/Dec/2024
1.43
Benchmark Level
as of 03/Dec/2024
EUR 99.18
Standard Deviation (3y)
as of -
-
Weighted Average YTM
as of 03/Dec/2024
2.29%
Weighted Avg Maturity
as of 03/Dec/2024
1.46

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Saudi Arabia

  • Spain

  • Sweden

  • United Kingdom

Holdings

Holdings

as of 03/Dec/2024
Issuer Weight (%)
ITALY (REPUBLIC OF) 99.72
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 03/Dec/2024

% of Market Value

Type Fund
as of 03/Dec/2024

% of Market Value

Type Fund
as of 03/Dec/2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Estimated Net Acquisition Yield Calculator

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (12 basis points).
The NAV (as of 03/Dec/2024) used in the calculation is EUR 5.09. The value you enter should correspond to your estimated market purchase price as of 03/Dec/2024. Calculation is based on the chosen share class currency and not the chosen trading line currency.
The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in government debt securities until the liquidation of the fund. The investor's total realised yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on government debt securities is lower than the current Average Yield to Maturity for the portfolio's bonds, the realised yield to fund maturity is also expected to be lower and vice versa.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.
Please input an amount less than EUR20.000

Securities Lending

Securities Lending

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.

 

Lending Summary not available as there is less than one year's performance data
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

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.
as of -
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Download Collateral Snapshot
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.
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.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Borsa Italiana 26TA EUR 07/Aug/2024 BMCJXT8 26TA IM 26TA.MI

Literature

Literature