Fixed Income

iShares SBI® ESG AAA-BBB Bond Index Fund (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.

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. The benchmark index only excludes companies engaging in certain activities inconsistent with ESG criteria if such activities exceed the thresholds determined by the index provider. Investors should therefore make a personal ethical assessment of the benchmark index’s ESG screening prior to investing in the Fund. Such ESG screening may adversely affect the value of the Fund’s investments compared to a fund without such screening. Particular risks not adequately captured by the risk indicator include
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Performance

Performance

Chart

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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 (%) 0.0 3.0 0.7 -2.0 -12.6 7.4
Benchmark (%) 0.1 3.0 0.9 -1.9 -12.5 7.5

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

  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

-0.89 0.11 -11.18 1.21 5.47
Benchmark (%)

as of 30/Jun/2024

-0.65 0.13 -11.11 1.40 5.48
  1y 3y 5y 10y Incept.
5.47 -1.76 -1.22 - -0.53
Benchmark (%) 5.48 -1.67 -1.11 - -0.43
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.74 2.45 1.29 1.74 5.47 -5.19 -5.93 - -3.74
Benchmark (%) 1.75 2.45 1.29 1.75 5.48 -4.93 -5.43 - -3.09

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. 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 11/Jul/2024
CHF 52’283’006
Share Class launch date
19/Apr/2017
Share Class Currency
CHF
Asset Class
Fixed Income
Initial Charge
0.00
ISIN
CH0342181887
Performance Fee
-
Minimum Subsequent Investment
-
Domicile
Switzerland
Management Company
BlackRock Asset Management Schweiz AG
Dealing Settlement
Trade Date + 2 days
Bloomberg Ticker
BSABBDC
Net Assets of Fund
as of 11/Jul/2024
CHF 1’073’650’598
Fund Launch Date
28/Feb/2017
Fund Base Currency
CHF
Benchmark Index
SBI ESG Screened AAA-BBB (CHF)
Ongoing Charges Figures
0.15%
Annual Management Fee
0.15%
Minimum Initial Investment
-
Use of Income
Accumulating
Regulatory Structure
Non-UCITS KIID
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BYYDDL4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/May/2024
1’479
3y Beta
as of 30/Jun/2024
1.00
Modified Duration
as of 31/May/2024
7.13
Effective Duration
as of 31/May/2024
7.19
WAL to Worst
as of 31/May/2024
7.85 yrs
Standard Deviation (3y)
as of 30/Jun/2024
5.53%
Yield to Maturity
as of 31/May/2024
1.53%
Weighted Av YTM
as of 31/May/2024
1.53%
Weighted Avg Maturity
as of 31/May/2024
7.85 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 21/Jun/2024
A
MSCI ESG Quality Score (0-10)
as of 21/Jun/2024
7.09
Fund Lipper Global Classification
as of 21/Jun/2024
Bond CHF
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21/Jun/2024
14.68
MSCI ESG % Coverage
as of 21/Jun/2024
90.89
MSCI ESG Quality Score - Peer Percentile
as of 21/Jun/2024
50.94
Funds in Peer Group
as of 21/Jun/2024
106
MSCI Weighted Average Carbon Intensity % Coverage
as of 21/Jun/2024
70.78
All data is from MSCI ESG Fund Ratings as of 21/Jun/2024, based on holdings as of 30/Apr/2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 28/Jun/2024
0.00%
MSCI - Nuclear Weapons
as of 28/Jun/2024
0.00%
MSCI - Civilian Firearms
as of 28/Jun/2024
0.00%
MSCI - Tobacco
as of 28/Jun/2024
0.00%
MSCI - UN Global Compact Violators
as of 28/Jun/2024
0.00%
MSCI - Thermal Coal
as of 28/Jun/2024
0.00%
MSCI - Oil Sands
as of 28/Jun/2024
0.00%

Business Involvement Coverage
as of 28/Jun/2024
68.50%
Percentage of Fund not covered
as of 28/Jun/2024
31.50%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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/May/2024
Name Weight (%)
SWITZERLAND (CONFEDERATION OF) 4 04/08/2028 1.24
SWITZERLAND (CONFEDERATION OF) 2.5 03/08/2036 1.10
SWITZERLAND (CONFEDERATION OF) 3.5 04/08/2033 1.09
SWITZERLAND (CONFEDERATION OF) 2 06/25/2064 1.04
SWITZERLAND (CONFEDERATION OF) 1.5 04/30/2042 1.01
Name Weight (%)
SWITZERLAND (CONFEDERATION OF) 0.5 06/28/2045 0.92
SWITZERLAND (CONFEDERATION OF) 1.25 06/27/2037 0.90
SWITZERLAND (CONFEDERATION OF) 2.25 06/22/2031 0.87
SWITZERLAND (CONFEDERATION OF) 0 06/22/2029 0.87
SWITZERLAND (CONFEDERATION OF) 1.25 05/28/2026 0.77
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/2024

% of Market Value

Type Fund Benchmark Net
as of 31/May/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 CHF 945.62 2.02 0.21 11/Jul/2024 945.62 891.50 CH0342181887
Class Y CHF 951.74 2.04 0.21 11/Jul/2024 951.74 896.21 CH0342181952

Portfolio Managers

Portfolio Managers

Alessandro Ferrante
Alessandro Ferrante

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
8’740 CHF
-12.6%
8’020 CHF
-7.1%

Unfavourable

What you might get back after costs
Average return each year
8’740 CHF
-12.6%
8’470 CHF
-5.4%

Moderate

What you might get back after costs
Average return each year
9’990 CHF
-0.1%
10’040 CHF
0.1%

Favourable

What you might get back after costs
Average return each year
10’740 CHF
7.4%
10’650 CHF
2.1%

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



Literature

Literature