Fixed Income

EMES

iShares J.P. Morgan ESG $ EM Bond UCITS ETF

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.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The value of equities and equity-related securities can be affected by daily stock market movements.

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

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Distributions

Record Date Ex-Date Payable Date
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  From
30/Sep/2016
To
30/Sep/2017
From
30/Sep/2017
To
30/Sep/2018
From
30/Sep/2018
To
30/Sep/2019
From
30/Sep/2019
To
30/Sep/2020
From
30/Sep/2020
To
30/Sep/2021
Total Return (%)

as of 30/Sep/2021

- - 11.90 2.49 2.66
Benchmark (%)

as of 30/Sep/2021

- - 12.39 2.80 3.12
  1y 3y 5y 10y Incept.
2.66 5.60 - - 5.71
Benchmark (%) 3.12 6.01 - - 6.16
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.33 -2.36 -1.01 2.91 2.66 17.74 - - 18.23
Benchmark (%) -1.97 -2.32 -0.91 3.12 3.12 19.15 - - 19.77
  2016 2017 2018 2019 2020
Total Return (%) - - - 15.49 5.51
Benchmark (%) - - - 15.94 5.78
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. 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 realise returns that are different to the NAV performance

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, 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. 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 18/Oct/2021 USD 273,325,586
Net Assets of Fund as of 18/Oct/2021 USD 1,857,270,272
Share Class launch date 24/Sep/2018
Fund Launch Date 24/Sep/2018
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Article 8
Benchmark Index JP Morgan ESG EMBI Global Diversified index
Shares Outstanding as of 18/Oct/2021 51,744,812
Total Expense Ratio 0.45%
Distribution Frequency Semi-Annual
Use of Income Distributing
Securities Lending Return -
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
UCITS Compliant Yes
Issuing Company iShares II plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Fiscal Year End 31 October
Bloomberg Ticker EMES BW
ISIN IE00BDDRDW15
Valor 42800493

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 15/Oct/2021 692
Benchmark Level as of 18/Oct/2021 USD 144.99
Benchmark Ticker JESGEMGD
Weighted Av YTM as of 15/Oct/2021 4.39%
12m Trailing Yield as of 15/Oct/2021 3.41%
Weighted Avg Coupon as of 15/Oct/2021 4.72%
3y Beta as of 30/Sep/2021 1.00
Weighted Avg Maturity as of 15/Oct/2021 12.98 yrs
Effective Duration as of 15/Oct/2021 8.24
Standard Deviation (3y) as of 30/Sep/2021 10.17%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06/Aug/2021 BB
MSCI ESG Quality Score (0-10) as of 06/Aug/2021 3.82
MSCI ESG Quality Score - Peer Percentile as of 06/Aug/2021 82.58
MSCI ESG % Coverage as of 06/Aug/2021 96.90
Fund Lipper Global Classification as of 06/Aug/2021 Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06/Aug/2021 499.44
Funds in Peer Group as of 06/Aug/2021 419
All data is from MSCI ESG Fund Ratings as of 06/Aug/2021, based on holdings as of 30/Jun/2021. 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% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

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 15/Oct/2021 0.00%
MSCI - UN Global Compact Violators as of 15/Oct/2021 0.00%
MSCI - Nuclear Weapons as of 15/Oct/2021 0.00%
MSCI - Thermal Coal as of 15/Oct/2021 0.00%
MSCI - Civilian Firearms as of 15/Oct/2021 0.00%
MSCI - Oil Sands as of 15/Oct/2021 0.00%
MSCI - Tobacco as of 15/Oct/2021 0.00%

Business Involvement Coverage as of 15/Oct/2021 4.18%
Percentage of Fund not covered as of 15/Oct/2021 95.82%
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.


While BlackRock calculates the business involvement metrics based on data from MSCI ESG Research, the fund seeks to replicate the performance of an index not provided by MSCI. As a result, MSCI may take a different view on the business involvement exposure of a fund’s underlying holdings than the fund’s index provider. The fund’s index provider may also implement business involvement screens with a similar exposure as the business involvement metrics but apply a different methodology. Consequently, the business involvement metrics may indicate exposure to a category that is subject to an exclusionary screen by the fund’s index methodology.


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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 15/Oct/2021
Issuer Weight (%)
URUGUAY (ORIENTAL REPUBLIC OF) 4.51
SAUDI ARABIA (KINGDOM OF) 3.83
PANAMA REPUBLIC OF (GOVERNMENT) 3.82
PHILIPPINES (REPUBLIC OF) 3.41
RUSSIAN FEDERATION 3.40
Issuer Weight (%)
QATAR (STATE OF) 3.36
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 3.24
COLOMBIA (REPUBLIC OF) 3.21
DOMINICAN REPUBLIC (GOVERNMENT) 3.08
ABU DHABI (EMIRATE OF) 3.05
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 contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 15/Oct/2021

% of Market Value

Type Fund
as of 15/Oct/2021

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 15/Oct/2021

% of Market Value

Type Fund
as of 15/Oct/2021

% 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.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange EMES USD 26/Sep/2018 BDDRDW1 EMES LN EMES.L - - IE00BDDRDW15 - 42800493 - -
Berne Stock Exchange EMES USD 02/Feb/2021 BMT9SC9 EMES BW EMES.BN - - IE00BDDRDW15 A2JQ2J 42800493 - -
Xetra 36B1 EUR 27/Feb/2019 BGDXWW3 - 36B1.DE - - IE00BDDRDW15 A2JQ2J 42800493 - -
SIX Swiss Exchange EMES USD 20/Nov/2019 BKTR9H1 - EMES.S - - IE00BDDRDW15 A2JQ2J 42800493 - -

Literature

Literature