Fixed Income

CNYB

iShares China CNY Bond UCITS ETF

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.

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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Distributions

Record Date Ex-Date Total Distribution
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  From
30/Sep/2015
To
30/Sep/2016
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
Total Return (%)

as of 30/Sep/2020

- - - - 7.71
Benchmark (%)

as of 30/Sep/2020

- - - - 7.79
  1y 3y 5y 10y Incept.
8.64 - - - 5.25
Benchmark (%)

as of 31/Oct/2020

8.84 - - - 5.32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.73 1.94 3.96 1.92 8.64 - - - 6.69
Benchmark (%)

as of 31/Oct/2020

5.84 2.01 4.07 1.97 8.84 - - - 6.79
  2015 2016 2017 2018 2019
Total Return (%) - - - - -
Benchmark (%) - - - - -
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 20/Nov/2020 USD 3,218,581,518
Net Assets of Fund as of 20/Nov/2020 USD 5,036,403,287
Fund Base Currency USD
Share Class Currency USD
Fund Launch Date 24/Jul/2019
Share Class launch date 24/Jul/2019
Asset Class Fixed Income
Total Expense Ratio 0.35%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Compliant Yes
Benchmark Index Bloomberg Barclays China Treasury + Policy Bank Index
Distribution Frequency Semi-Annual
Securities Lending Return -
Rebalance Frequency Monthly
ISIN IE00BYPC1H27
Valor 29336346
Bloomberg Ticker -
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
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 20/Nov/2020 607,391,776
Number of Holdings as of 20/Nov/2020 76
Benchmark Level as of 23/Nov/2020 USD 238.25
Benchmark Ticker I32561US
Distribution Yield as of 20/Nov/2020 2.13%
Weighted Avg Coupon as of 20/Nov/2020 2.92%
Fiscal Year End 31 May
Effective Duration as of 20/Nov/2020 5.55
Weighted Avg Maturity as of 20/Nov/2020 7.46 yrs
Weighted Av YTM as of 20/Nov/2020 3.40%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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. Learn more.


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 Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 01/Nov/2020 BB
MSCI ESG Quality Score (0-10) as of 01/Nov/2020 3.49
MSCI ESG Quality Score - Peer Percentile as of 01/Nov/2020 55.74
MSCI ESG % Coverage as of 01/Nov/2020 100.00
Fund Lipper Global Classification as of 01/Nov/2020 Bond CNY
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01/Nov/2020 6.30
Funds in Peer Group as of 01/Nov/2020 61
All data is from MSCI ESG Fund Ratings as of 01/Nov/2020, based on holdings as of 31/Aug/2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

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.

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.

MSCI - Controversial Weapons as of 20/Nov/2020 0.00%
MSCI - UN Global Compact Violators as of 20/Nov/2020 0.00%
MSCI - Nuclear Weapons as of 20/Nov/2020 0.00%
MSCI - Thermal Coal as of 20/Nov/2020 0.00%
MSCI - Civilian Firearms as of 20/Nov/2020 0.00%
MSCI - Oil Sands as of 20/Nov/2020 0.00%
MSCI - Tobacco as of 20/Nov/2020 0.00%

Business Involvement Coverage as of 20/Nov/2020 9.90%
Percentage of Fund not covered as of 20/Nov/2020 90.10%
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 0.00% and for Oil Sands 0.00%.

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.

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 20/Nov/2020
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 20/Nov/2020
Issuer Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 70.27
CHINA DEVELOPMENT BANK 9.90
Issuer Weight (%)
EXPORT-IMPORT BANK OF CHINA 9.90
AGRICULTURAL DEVELOPMENT BANK OF CHINA 9.90
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration

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.

 

Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of -
  • Securities Lending Return: -
  • Average on-loan (% of AUM): -
  • Maximum on-loan (% of AUM): -
  • Collateralisation (% of Loan): -
as of -
Name Ticker ISIN SEDOL Location Asset Class Weight (%)

Loan/Collateral Combinations and Collateral Levels**

Collateral Types
Loan TypeEquitiesGovernment, Supranational and Agency BondsCash (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%
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 information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**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 basis and are subject to change.
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 20/Nov/2020

% of Market Value

Type Fund Benchmark Net
as of 20/Nov/2020

% of Market Value

Type Fund Benchmark Net
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 20/Nov/2020

% of Market Value

Type Fund Benchmark Net
as of 20/Nov/2020

% of Market Value

Type Fund Benchmark Net
as of 20/Nov/2020

% of Market Value

Type Fund Benchmark Net
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
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.MI - - IE00BYPC1H27 A14T8G 29336346 - -
SIX Swiss Exchange CNYB USD 02/Oct/2019 BKTKCB5 - CNYB.S - - IE00BYPC1H27 A14T8G 29336346 - -

Literature

Literature