Fixed Income

CSBGC3

iShares Swiss Domestic Government Bond 0-3 ETF (CH)

Overview

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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Distributions

Record Date Ex-Date Payable Date
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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 (%) 0.2 -0.1 -1.0 -1.0 -0.9 -1.2 -0.9 -1.1 -2.8 0.8
Benchmark (%) 0.3 0.0 -0.8 -0.8 -0.7 -1.0 -0.7 -1.0 -2.6 1.1
  From
30/Jun/2019
To
30/Jun/2020
From
30/Jun/2020
To
30/Jun/2021
From
30/Jun/2021
To
30/Jun/2022
From
30/Jun/2022
To
30/Jun/2023
From
30/Jun/2023
To
30/Jun/2024
Total Return (%)

as of 30/Jun/2024

-1.49 -0.76 -1.66 -1.75 1.59
Benchmark (%)

as of 30/Jun/2024

-1.33 -0.62 -1.54 -1.45 1.77
  1y 3y 5y 10y Incept.
1.59 -0.62 -0.82 -0.69 -0.44
Benchmark (%) 1.77 -0.42 -0.64 -0.51 -0.23
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.77 0.49 0.41 0.77 1.59 -1.85 -4.05 -6.68 -6.36
Benchmark (%) 0.87 0.52 0.47 0.87 1.77 -1.25 -3.17 -5.00 -3.40

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

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 of Fund
as of 12/Jul/2024
CHF 235’707’924
Fund Base Currency
CHF
Benchmark Index
SBI® Domestic Government Mid Price 1M-3Y Total Return
Shares Outstanding
as of 12/Jul/2024
3’648’070
ISIN
CH0102530786
Use of Income
Distributing
Domicile
Switzerland
Rebalance Frequency
Monthly
UCITS Compliant
No
Issuing Company
iShares ETF (CH)
Administrator
State Street Bank International GmbH, Munich, Zurich Branch
Fiscal Year End
31 May
Valor
10253078
Fund Launch Date
02/Jul/2009
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.15%
Distribution Frequency
Semi-Annual
Securities Lending Return
-
Product Structure
Physical
Methodology
Replicated
UCITS Eligible
Yes
Fund Manager
BlackRock Asset Management Schweiz AG
Custodian
State Street Bank International GmbH, Munich, Zurich Branch
Bloomberg Ticker
CSBGC3 SW

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 11/Jul/2024
3
Benchmark Ticker
SBGM0T
Standard Deviation (3y)
as of 30/Jun/2024
0.98%
Weighted Av YTM
as of 11/Jul/2024
0.77%
Weighted Avg Maturity
as of 11/Jul/2024
1.91 yrs
Benchmark Level
as of 12/Jul/2024
CHF 95.90
12 Month Trailing Dividend Distribution Yield
as of 11/Jul/2024
1.36%
3y Beta
as of 30/Jun/2024
0.97
Weighted Avg Coupon
as of 11/Jul/2024
1.92%
Effective Duration
as of 11/Jul/2024
1.87

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Ratings

Registered Locations

Registered Locations

  • Liechtenstein

  • Switzerland

Holdings

Holdings

as of 11/Jul/2024
Issuer Weight (%)
SWITZERLAND (CONFEDERATION OF) 99.95
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

The preliminary holdings of the fund are those taken prior to the start of each business day and are used to generate a daily static cash flow profile. This is determined by using a number of consistent assumptions which BlackRock believe to be appropriate in illustrating the cash flow profile of the fund for that day. The cash flow data is projected using the aggregated expected coupon and maturities of the individual bond holdings of the fund. Holdings and cashflows are subject to change and this information is not to be relied upon.

SIX Swiss Exchange AG (“SIX Swiss Exchange”) is the source of the Benchmark Index and the data comprised therein. By clicking on “All”, “Show All” and/or “Detailed Holdings and Analytics”, I expressly agree and acknowledge that I shall not without prior written consent from SIX Swiss Exchange in any way re-distribute or reproduce the accessed data. I understand that the use of the accessed data is solely granted for the purpose of evaluating a purchase or sale of the Fund and that SIX Swiss Exchange has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – with respect to any reported information or in relation to any errors, omissions or interruptions in the Benchmark Index or its data.

Exposure Breakdowns

Exposure Breakdowns

as of 11/Jul/2024

% of Market Value

Type Fund
as of 11/Jul/2024

% of Market Value

Type Fund
as of 11/Jul/2024

% of Market Value

Type Fund
Allocations are subject to change.

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.

Sorry, no Lending Summary data available.
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
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 WKN
SIX Swiss Exchange CSBGC3 CHF 03/Jul/2009 B3L0MQ9 CSBGC3 SW CSBGC3.S A0YGSV

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment CHF 10’000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
9’240 CHF
-7.6%
9’010 CHF
-3.4%

Unfavourable

What you might get back after costs
Average return each year
9’240 CHF
-7.6%
9’010 CHF
-3.4%

Moderate

What you might get back after costs
Average return each year
9’410 CHF
-5.9%
9’210 CHF
-2.7%

Favourable

What you might get back after costs
Average return each year
9’650 CHF
-3.5%
9’380 CHF
-2.1%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature