Fixed Income

CNYB

iShares China CNY 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.

The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investment risk is concentrated in specific sectors, countries or companies. This means that the Fund is more sensitive to any localised economic, market, political or regulatory events. Overseas investments will be affected by movements in currency exchange rates.
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Performance

Performance

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Performance chart data not available for display.
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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

- - - 7.71 11.05
Benchmark (%)

as of 30/Sep/2021

- - - 7.79 11.50
  1y 3y 5y 10y Incept.
11.05 - - - 7.13
Benchmark (%) 11.50 - - - 7.34
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.14 0.14 1.89 4.68 11.05 - - - 16.22
Benchmark (%) 5.42 0.12 1.97 4.88 11.50 - - - 16.72
  2016 2017 2018 2019 2020
Total Return (%) - - - - 9.55
Benchmark (%) - - - - 9.74
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 of Share Class as of 15/Oct/2021 USD 7,402,267,827
Net Assets of Fund as of 15/Oct/2021 USD 12,908,373,403
Share Class launch date 24/Jul/2019
Fund Launch Date 24/Jul/2019
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Benchmark Index Bloomberg China Treasury + Policy Bank Index
Shares Outstanding as of 15/Oct/2021 1,336,660,068
Total Expense Ratio 0.35%
Distribution Frequency Semi-Annual
Use of Income Distributing
Securities Lending Return -
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Replicated
UCITS Compliant Yes
Issuing Company iShares IV 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 May
Bloomberg Ticker -
ISIN IE00BYPC1H27
Valor 29336346

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 14/Oct/2021 119
Benchmark Level as of 15/Oct/2021 USD 256.03
Benchmark Ticker I32561US
Weighted Av YTM as of 14/Oct/2021 3.02%
12m Trailing Yield as of 14/Oct/2021 2.63%
Weighted Avg Coupon as of 14/Oct/2021 3.10%
Weighted Avg Maturity as of 14/Oct/2021 7.64 yrs
Effective Duration as of 14/Oct/2021 5.75
Standard Deviation (3y) as of - -

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 07/Oct/2021 B
MSCI ESG Quality Score (0-10) as of 07/Oct/2021 2.38
MSCI ESG Quality Score - Peer Percentile as of 07/Oct/2021 26.23
MSCI ESG % Coverage as of 07/Oct/2021 100.00
Fund Lipper Global Classification as of 07/Oct/2021 Bond CNY
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07/Oct/2021 6.20
Funds in Peer Group as of 07/Oct/2021 61
All data is from MSCI ESG Fund Ratings as of 07/Oct/2021, based on holdings as of 31/Aug/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 14/Oct/2021 0.00%
MSCI - UN Global Compact Violators as of 14/Oct/2021 0.00%
MSCI - Nuclear Weapons as of 14/Oct/2021 0.00%
MSCI - Thermal Coal as of 14/Oct/2021 0.00%
MSCI - Civilian Firearms as of 14/Oct/2021 0.00%
MSCI - Oil Sands as of 14/Oct/2021 0.00%
MSCI - Tobacco as of 14/Oct/2021 0.00%

Business Involvement Coverage as of 14/Oct/2021 43.07%
Percentage of Fund not covered as of 14/Oct/2021 56.93%
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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 12/Oct/2021
Issuer Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 47.05
CHINA DEVELOPMENT BANK 27.62
Issuer Weight (%)
AGRICULTURAL DEVELOPMENT BANK OF CHINA 15.17
EXPORT-IMPORT BANK OF CHINA 9.88
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 12/Oct/2021

% of Market Value

Type Fund
as of 12/Oct/2021

% of Market Value

Type Fund
as of 12/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.

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.
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

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
Euronext Amsterdam CNYB USD 29/Jul/2019 BJK2893 CNYB NA CNYB AS - - IE00BYPC1H27 A14T8G 29336346 - -
Xetra ICGB EUR 30/Jul/2019 BK0VDP8 ICGB GY ICGB.DE - - IE00BYPC1H27 A14T8G - - -
London Stock Exchange CNYB GBP 26/Oct/2020 BYPC741 - CNYB.L - - IE00BYPC1H27 A14T8G 29336346 - -
Borsa Italiana CNYB EUR 22/Jun/2020 BLB7YT3 CNYB IM CNYB.MI - - IE00BYPC1H27 A14T8G 29336346 - -
SIX Swiss Exchange CNYB USD 02/Oct/2019 BKTKCB5 - CNYB.S - - IE00BYPC1H27 A14T8G 29336346 - -

Literature

Literature