Fixed Income

iShares UK Credit Bond Index Fund (IE)

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  • NAV as of 29/Oct/2024 GBP 160.57
    52 WK: 151.96 - 166.03
  • 1 Day NAV Change as of 29/Oct/2024 -0.36 (-0.22%)

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 iBoxx Sterling NonGilt 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 Sterling denominated bonds excluding UK gilts). A gilt is a FI security such as a bond issued by the British Government.

The FI securities may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled in countries both in and outside the European Union 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.

Distributions

Ex-Date Total Distribution
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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 3 years.

  2019 2020 2021 2022 2023
Total Return (%) -2.7 -17.4 8.8
Benchmark (%) -3.1 -17.7 8.6

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

- - -21.46 6.93 9.97
Benchmark (%)

as of 30/Sept/2024

- - -21.92 6.96 9.72
  1y 3y 5y 10y Incept.
Total Return (%) 9.97 -2.61 - - -2.18
Benchmark (%) 9.72 -2.87 - - -2.44
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 2.26 0.38 2.34 2.22 9.97 -7.64 - - -8.16
Benchmark (%) 2.21 0.35 2.28 2.15 9.72 -8.36 - - -9.13

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 GBP, hedged share class benchmark performance is displayed in GBP.

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 29/Oct/2024
GBP 140,712,274
Inception Date
16/Nov/2020
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.03%
ISIN
IE00BMF59H33
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
Net Assets of Fund
as of 29/Oct/2024
GBP 357,316,308
Fund Launch Date
30/Sept/2000
Base Currency
GBP
Benchmark Index
iBoxx Sterling Non-Gilts Index
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
SEDOL
BMF59H3

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Sept/2024
1231
Standard Deviation (3y)
as of 30/Sept/2024
9.05%
Yield to Maturity
as of 30/Sept/2024
5.08
Weighted Average YTM
as of 30/Sept/2024
5.01%
Weighted Avg Maturity
as of 30/Sept/2024
7.84
12 Month Trailing Dividend Distribution Yield
as of 30/Sept/2024
3.94%
3y Beta
as of 30/Sept/2024
0.997
Modified Duration
as of 30/Sept/2024
5.43
Effective Duration
as of 30/Sept/2024
5.48
WAL to Worst
as of 30/Sept/2024
7.84

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 30/Sept/2024
Name Weight (%)
KFW BANKENGRUPPE MTN 6 12/07/2028 0.88
KFW MTN RegS 4.125 02/18/2026 0.53
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.53
KFW MTN RegS 3.75 07/30/2027 0.46
EUROPEAN INVESTMENT BANK 6 12/07/2028 0.43
Name Weight (%)
INTERNATIONAL BANK FOR RECONSTRUCT 3.875 10/02/2028 0.37
KFW BANKENGRUPPE MTN 5.75 06/07/2032 0.37
KFW MTN RegS 1.375 12/15/2025 0.35
ASIAN INFRASTRUCTURE INVESTMENT BA MTN RegS 4.375 06/11/2026 0.35
ONTARIO (PROVINCE OF) RegS 0.25 12/15/2026 0.34
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Sept/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 Flex Dist GBP 160.57 -0.36 -0.22 29/Oct/2024 166.03 151.96 IE00BMF59H33
Class D GBP 43.45 -0.10 -0.22 29/Oct/2024 44.55 41.13 IE00BGWKS388
Flex GBP 30.75 -0.07 -0.22 29/Oct/2024 31.18 27.99 IE0000405013
Inst GBP 10.31 -0.02 -0.22 29/Oct/2024 10.57 9.76 IE00B2RKYS27
Inst GBP 19.78 -0.04 -0.22 29/Oct/2024 20.05 18.02 IE00B1W4R618
Class D GBP 10.51 -0.02 -0.22 29/Oct/2024 10.65 9.57 IE00BD0NC474

Portfolio Managers

Portfolio Managers

Divya Manek
Divya Manek
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature