Fixed Income

DTLE

iShares $ Treasury Bond 20+yr 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 Fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest. Therefore the value of these securities are sensitive to movements in interest rates; typically when interest rates rise there is a corresponding decline in the market value of bonds. Fixed income securities issued by governments can be affected by the perceived stability of the country concerned and proposed or actual credit rating downgrades.

Important Notice Regarding Change in Benchmark Index – Please note that with effect from Thursday, 26 May 2016, the benchmark index tracked by the iShares $ Treasury Bond 20+yr UCITS ETF (the “Fund”) (ticker symbol: IDTL) will change to the ICE U.S. Treasury 20+ Years Bond Index from the Barclays US 20+ year Treasury Bond Index and the Fund’s investment objective and policy will also change to reflect the new benchmark index. For further information please refer to the fund announcement in the 'Document Library’ section on iShares.com or contact your local iShares team.

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 (%) (DTLE)

as of 30/Sep/2021

- -5.89 21.14 14.31 -11.24
Total Return (%) Unhedged (IDTL)

as of 30/Sep/2021

-6.78 -3.64 25.03 16.59 -10.47
Benchmark (%) Unhedged (IDTL)

as of 30/Sep/2021

-6.63 -3.49 25.22 16.66 -10.46
  1y 3y 5y 10y Incept.
-6.26 9.21 - - 3.94
-5.46 11.33 4.62 - 3.62
Benchmark (%) Unhedged (IDTL) -5.42 11.41 4.73 - 3.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-6.09 2.28 -1.16 6.93 -6.26 30.26 - - 17.22
-5.47 2.33 -0.93 7.24 -5.46 37.97 25.34 - 27.29
Benchmark (%) Unhedged (IDTL) -5.43 2.35 -0.91 7.30 -5.42 38.29 26.01 - 28.40
  2016 2017 2018 2019 2020
Total Return (%) (DTLE) - - -4.73 11.64 16.17
Total Return (%) Unhedged (IDTL) 1.23 8.80 -2.14 14.97 18.01
Benchmark (%) Unhedged (IDTL) 1.41 8.99 -1.98 15.09 18.06
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The value of the investments may go up or down and the investor may not get back the amount invested.

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.

Source: BlackRock. Performance data is displayed on a Net Asset Value basis, in Base Currency terms (as shown in Key Facts), with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Prior to 26 May 2016 the Fund used a different benchmark which is reflected in the benchmark data.

Key Facts

Key Facts

Net Assets as of 26/Nov/2021 EUR 138,101,874
Net Assets of Fund as of 26/Nov/2021 USD 2,039,759,031
Share Class launch date 21/Sep/2017
Fund Launch Date 20/Jan/2015
Share Class Currency EUR
Fund Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Benchmark Index ICE U.S. Treasury 20+ Year Bond Index
Shares Outstanding as of 26/Nov/2021 25,058,712
Total Expense Ratio 0.10%
Distribution Frequency Quarterly
Use of Income Distributing
Securities Lending Return as of 30/Sep/2021 0.03 %
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
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 DTLE LN
ISIN IE00BD8PGZ49
Valor 38262691

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 25/Nov/2021 40
Benchmark Level as of 26/Nov/2021 USD 142.12
Benchmark Ticker IDCOT204
Weighted Av YTM as of 25/Nov/2021 1.97%
12m Trailing Yield as of 25/Nov/2021 1.60%
Weighted Avg Coupon as of 25/Nov/2021 2.53%
3y Beta as of 31/Oct/2021 0.99
Weighted Avg Maturity as of 25/Nov/2021 25.81 yrs
Effective Duration as of 25/Nov/2021 19.13
Standard Deviation (3y) as of 31/Oct/2021 13.63%

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 05/Nov/2021 A
MSCI ESG % Coverage as of 05/Nov/2021 100.00
MSCI ESG Quality Score (0-10) as of 05/Nov/2021 6.10
MSCI ESG Quality Score - Peer Percentile as of 05/Nov/2021 79.14
Fund Lipper Global Classification as of 05/Nov/2021 Bond USD Government
Funds in Peer Group as of 05/Nov/2021 139
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05/Nov/2021 4.82
All data is from MSCI ESG Fund Ratings as of 05/Nov/2021, based on holdings as of 30/Sep/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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 25/Nov/2021
Issuer Weight (%)
UNITED STATES TREASURY 99.39
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 25/Nov/2021

% of Market Value

Type Fund
as of 25/Nov/2021

% of Market Value

Type Fund
as of 25/Nov/2021

% of Market Value

Type Fund
as of 25/Nov/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.

  From
30/Sep/2020
To
30/Sep/2021
From
30/Sep/2019
To
30/Sep/2020
From
30/Sep/2018
To
30/Sep/2019
From
30/Sep/2017
To
30/Sep/2018
From
30/Sep/2016
To
30/Sep/2017
Securities Lending Return (%) 0.03 0.01 0.00 0.05 0.03
Average on-loan (% of AUM) 40.79 12.58 4.66 51.10 23.13
Maximum on-loan (% of AUM) 69.67 33.66 28.01 80.10 50.91
Collateralisation (% of Loan) 109.22 108.18 110.56 110.21 110.27
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
London Stock Exchange DTLE EUR 25/Sep/2017 BD8PGZ4 DTLE LN DTLE.L - - IE00BD8PGZ49 - 38262691 - -
Xetra IUSV EUR 01/Apr/2021 BD95V92 - DTLE.DE - - IE00BD8PGZ49 A2DXN8 38262691 - -

Literature

Literature