Fixed Income

SKUK

iShares $ Sukuk 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.

Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies. Shari'ah funds generally do not pay interest and are prohibited from investing in businesses that are considered unlawful under Islamic principles. As a result, they may perform differently from other funds that do not follow Islamic principles. 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.

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
Loading

Performance

Performance

Distributions

Record Date Ex-Date Payable Date
View full table
This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 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 22/May/2024 USD 34’766’300
Net Assets of Fund as of 22/May/2024 USD 34’766’300
Share Class launch date 17/Jan/2024
Fund Launch Date 17/Jan/2024
Share Class Currency USD
Fund Base Currency USD
Asset Class Fixed Income
Benchmark Index J.P. Morgan EM Aggregate Sukuk Index
SFDR Classification Other
Shares Outstanding as of 22/May/2024 6’940’000
Total Expense Ratio 0.40%
ISIN IE000929U2U9
Distribution Frequency Semi-Annual
Use of Income Distributing
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 SKUK SE
Valor 124626572

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 22/May/2024 131
Benchmark Level as of 22/May/2024 USD 132.00
Benchmark Ticker JPEIEMAS
12 Month Trailing Dividend Distribution Yield as of 22/May/2024 -
Standard Deviation (3y) as of - -
3y Beta as of - -
Weighted Av YTM as of 22/May/2024 5.63%
Weighted Avg Coupon as of 22/May/2024 4.70%
Weighted Avg Maturity as of 22/May/2024 4.78 yrs
Effective Duration as of 22/May/2024 3.92

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.

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 22/May/2024 0.00%
MSCI - UN Global Compact Violators as of 22/May/2024 0.00%
MSCI - Nuclear Weapons as of 22/May/2024 0.00%
MSCI - Thermal Coal as of 22/May/2024 0.00%
MSCI - Civilian Firearms as of 22/May/2024 0.00%
MSCI - Oil Sands as of 22/May/2024 0.00%
MSCI - Tobacco as of 22/May/2024 0.00%

Business Involvement Coverage as of 22/May/2024 26.51%
Percentage of Fund not covered as of 22/May/2024 73.49%
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

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 22/May/2024
Issuer Weight (%)
PERUSAHAAN PENERBIT SURAT BERHARGA SYARIAH NEGARA INDONESIA III 8.02
HAZINE MUSTESARLIGI VARLIK KIRALAMA AS 7.81
ISDB TRUST SERVICES NO 2 SARL 7.40
KSA SUKUK LTD 7.28
DIB SUKUK LTD 4.51
Issuer Weight (%)
SHARJAH SUKUK PROGRAMME LTD 4.38
SUCI SECOND INVESTMENT COMPANY 4.31
SA GLOBAL SUKUK LTD 3.35
CBB INTERNATIONAL SUKUK PROGRAMME COMPANY WLL 2.81
DP WORLD CRESCENT LTD 2.81
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 22/May/2024

% of Market Value

Type Fund
as of 22/May/2024

% 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 22/May/2024

% of Market Value

Type Fund
as of 22/May/2024

% 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

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC WKN
Euronext Amsterdam SKUK USD 18/Jan/2024 BPWCS60 SKUK NA SKUK.AS A3EP1K
SIX Swiss Exchange SKUK USD 30/Apr/2024 BPG5P08 SKUK SE SKUK.S A3EP1K

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 USD 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
8’640 USD
-13.6%
7’270 USD
-10.1%

Unfavourable

What you might get back after costs
Average return each year
9’120 USD
-8.8%
9’890 USD
-0.4%

Moderate

What you might get back after costs
Average return each year
10’360 USD
3.6%
11’170 USD
3.8%

Favourable

What you might get back after costs
Average return each year
11’640 USD
16.4%
12’300 USD
7.1%

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



Literature

Literature