Fixed Income

iShares UK Credit Bond Index Fund (IE)

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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

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 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

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Performance chart data not available for display.
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Distributions

This product does not have any distributions data as of now.

Key Facts

Key Facts

Size of Fund (Millions) as of 28/Sep/2020 GBP 465.23
Fund Launch Date 30/Sep/2000
Share Class launch date 02/Jan/2019
Base Currency GBP
Asset Class Fixed Income
Morningstar Category GBP Corporate Bond
Benchmark Index iBoxx Sterling Non-Gilts Index
Valor -
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
ISIN IE00BGWKS388
Bloomberg Ticker -
Initial Charge -
Performance Fee -
SEDOL BGWKS38
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100,000,000.00
Minimum Subsequent Investment GBP 5,000.00
Use of Income Distributing

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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. MSCI Ratings are currently unavailable for this fund.

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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.60% and for Oil Sands 0.61%.

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31/Aug/2020
Name Weight (%)
EUROPEAN INVESTMENT BANK MTN RegS 0.75 07/14/2023 0.84
KFW BANKENGRUPPE MTN 6 12/07/2028 0.80
TESCO PROPERTY RegS 0.69
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.67
KFW MTN RegS 0.875 03/15/2022 0.54
Name Weight (%)
EUROPEAN INVESTMENT BANK RegS 4.5 06/07/2029 0.46
INTERNATIONAL BANK FOR RECONSTRUCT 1 12/21/2029 0.43
FMS WERTMANAGEMENT ANSTALT DES OEF RegS 1.125 09/07/2023 0.43
WALMART STORES INC RegS 5.625 03/27/2034 0.41
EUROPEAN INVESTMENT BANK MTN RegS 0.875 12/15/2023 0.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Aug/2020

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2020

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31/Aug/2020

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2020

% of Market Value

Type Fund Benchmark Net
as of 31/Aug/2020

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class D GBP - 54.34 -0.05 -0.08 55.31 48.90 54.13 IE00BGWKS388 54.56 -
Inst GBP None 21.72 -0.02 -0.08 21.85 19.27 21.63 IE00B1W4R618 21.80 -
Class D GBP None 11.51 -0.01 -0.08 11.58 10.21 11.47 IE00BD0NC474 11.56 -
Inst GBP Quarterly 12.90 -0.01 -0.08 13.12 11.61 12.84 IE00B2RKYS27 12.95 -

Portfolio Managers

Portfolio Managers

PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature