IUFS

iShares S&P 500 Financials Sector UCITS ETF

Equity

IUFS

iShares S&P 500 Financials Sector UCITS ETF

Overview

WHY IUFS?

  1. Diversified exposure to U.S. companies
  2. Direct investment in leading U.S. companies
  3. Single country exposure with a focus on stocks within a specific sector

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index composed of U.S. Financial Sector companies as defined by the Global Industry Classification Standard (GICS)

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.

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 a limited number of market sectors. Compared to investments which spread investment risk through investing in a variety of sectors, share price movements may have a greater effect on the overall value of this fund.

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

  • Returns

  From
30-Sep-2014
To
30-Sep-2015		 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
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 30/Sep/2019

- - 35.62 8.27 3.42
Benchmark (%) Index: S&P 500 Capped 35/20 Financials Index

as of 30/Sep/2019

- - 35.47 8.14 3.22
  2014 2015 2016 2017 2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. - - 22.16 21.67 -13.40
Benchmark (%) Index: S&P 500 Capped 35/20 Financials Index - - 21.99 21.53 -13.52

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

Chart

Performance chart data not available for display.
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The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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

Reinvestments

This product does not have any distributions data as of now.
Announcement Date Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Net Assets as of 06/Dec/2019 USD 789,848,154
Base Currency USD
Inception Date 20/Nov/2015
Asset Class Equity
Total Expense Ratio A measure of the total costs associated with managing and operating the product. The Total Expense Ratio (TER) consists primarily of the management fee and other expenses such as trustee, custody, registration fees and other operating expenses. 0.15%
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.15%
Product Structure For an ETF, the Product Structure indicates whether it is holding physical securities (i.e. Physical) or whether it is tracking the index performance using derivatives (swaps, i.e. Synthetic). For ETCs, Product Structure indicates that the metal backing the securities are physically held. Physical
Methodology For an ETF, the Methodology indicates whether the product is holding all index securities in the same weight as the index (replicating) or whether an optimised subset of index securities is used (optimised / sampled) in order to efficiently track index performance. For ETCs, the metal backing the securities are always physically held. Replicated
Domicile Ireland
UCITS Undertakings for Collective Investment in Transferable Securities, commonly known as "UCITS", are collective investment schemes (a type of investment product) which are established and authorised in one EU Member State and designed for EU retail investors. Once authorised, UCITS can be sold cross border to EU retail investors in other EU Member States using a registration process, but without a requirement for separate authorisation. Yes
Benchmark Index S&P 500 Capped 35/20 Financials Index
Distribution Frequency How often a distribution is paid by the product. The most common distribution frequencies are annually, semi annually and quarterly. None
Securities Lending Return Annualised Securities Lending Return is the net 12 month securities lending revenue to the fund divided by the average NAV of the fund over the same time period. as of 30/Sep/2019 0.00%
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Frequency Quarterly
ISIN IE00B4JNQZ49
Bloomberg Ticker IUFS LN
Issuing Company iShares V 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 Accumulating

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 06/Dec/2019 97,500,000
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 05/Dec/2019 68
Benchmark Level as of 06/Dec/2019 USD 219.24
Benchmark Ticker SPSVFN
Distribution Yield The distribution yield represents the ratio of distributed income over the last 12 months to the fund’s current NAV. as of - -
Fiscal Year End 30 November
P/E Ratio The price to earnings ratio (P/E) is a fundamental measure used to determine if an investment is valued appropriately. Each holdings' P/E is the latest closing price divided by the latest 12 months' earnings per share. Negative earnings are excluded, extraordinary items are excluded, and P/E ratios over 60 are set to 60. as of 05/Dec/2019 16.30
P/B Ratio The price to book (P/B) value ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Negative book values are excluded from this calculation and holding price to book ratios over 25 are set to 25. as of 05/Dec/2019 1.65
3y Beta Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security&#39;s price will move with the market. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market.<br/><br/>Calculated vs. Benchmark Index as of 30/Nov/2019 1.000
Standard Deviation (3y) Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile. as of 30/Nov/2019 15.75%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate material sustainability considerations into their investment process. Within this, environmental, social, and governance (ESG) metrics can provide insight into a company’s management effectiveness and long-term financial prospects. Business Involvement metrics can help investors gain a more comprehensive view of specific activities to which a fund may be exposed through the investments it holds.

MSCI ESG Quality Score The MSCI ESG Quality Score is calculated as the weighted average of the underlying holding&#39;s ESG Scores. It is provided on a 0-10 scale, with 0 and 10 being the respective lowest and highest possible scores. MSCI scores underlying holdings according to their exposure to 37 industry specific ESG risks and their ability to manage those risks relative to peers. These issuer-level ESG scores correspond to an issuer-level ESG rating. For further details regarding MSCI’s methodology, see footnote 1 at the bottom of the page. as of 05/Dec/2019 4.3
MSCI Weighted Average Carbon Intensity
(Tons CO2/$M Sales) A portfolio&#39;s Weighted Average Carbon Intensity is achieved by calculating the carbon intensity (Scope 1 + 2 Emissions / $M Sales) for each portfolio company and calculating the weighted average by portfolio weight.<br/><br/>Scope 1 emissions are those from sources owned or controlled by the company, typically direct combustion of fuel as in a furnace or vehicle.&lt;br /&gt;Scope 2 emissions are those caused by the generation of electricity purchased by the company.&lt;br /&gt;Scope 3 emissions include an array of indirect emissions resulting from activities such as business travel, distribution of products by third parties, and downstream use of a company&#39;s products (i.e. by customers).<br/><br/>For further details regarding MSCI&#39;s methodology, see footnote 2 at the bottom of the page. as of 05/Dec/2019 39.15
MSCI ESG % Coverage % of issuers in the fund that have been assigned an ESG score by MSCI. For further details regarding MSCI’s methodology, see footnote 1 at the bottom of the page. as of 05/Dec/2019 99.13%

Business Involvement

Business Involvement

MSCI ESG - Cluster Munitions % of issuers within the fund that have been identified by MSCI ESG Research as having any tie to cluster munitions, components, and delivery platforms. For further details regarding MSCI’s methodology, see footnote 3 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - Nuclear Weapons % of issuers within the fund that have been identified by MSCI ESG Research as having an association to nuclear weapons. For further details regarding MSCI’s methodology, see footnote 4 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - Landmines % of issuers within the fund that have been identified by MSCI ESG Research as having any tie to anti-personnel landmines, components, and anti-vehicle landmines. For further details regarding MSCI’s methodology, see footnote 3 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - UN Global Compact Compliance Violation (Fail) % of issuers within the fund that have been identified by MSCI ESG Research as failing to comply with the United Nations Global Compact Principles. For further details regarding MSCI’s methodology, see footnote 5 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - Depleted Uranium Weapons % of issuers within the fund that have been identified by MSCI ESG Research as publicly traded companies that manufacture weapons, ammunition, and armour made with depleted uranium (DU) and DU alloys. DU is a by-product of the uranium-enrichment process used to make nuclear weapons and nuclear-reactor fuel. For further details regarding MSCI’s methodology, see footnote 3 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - Tobacco Producers % of issuers within the fund that have been identified by MSCI ESG Research as producing tobacco products. For further details regarding MSCI’s methodology, see footnote 4 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - Biological & Chemical Weapons % of issuers within the fund that have been identified by MSCI ESG Research as manufacturing biological or chemical weapons (or critical components of biological / chemical weapons), which are defined as weapons that use pathogens such as viruses, bacteria, and disease-causing biological agents, toxins, or chemical substances that have toxic properties that kill, injure, or incapacitate. For further details regarding MSCI’s methodology, see footnote 3 at the bottom of the page. as of 05/Dec/2019 0.00%
MSCI ESG - Civilian Firearms Producers % of issuers within the fund that have been identified by MSCI ESG Research as producing firearms and small arms ammunitions for civilian markets. It does cover companies that cater to the military, government, and law enforcement markets. For further details regarding MSCI’s methodology, see footnote 4 at the bottom of the page. as of 05/Dec/2019 0.00%

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Israel

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 05/Dec/2019
Ticker ISIN Name Name of Issuer Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Market Currency Notional Value
Issuer Ticker Name Name of the underlying security Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Exchange Location Market Currency

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 30/Sep/2019~

  • Securities Lending Return*: 0.00
  • Average on-loan (% of AUM): 1.79
  • Maximum on-loan (% of AUM)†: 4.03
  • Collateralisation (% of Loan): 111.27
as of 05/Dec/2019
Name Ticker ISIN SEDOL Exchange Location Asset Class Weight (%) Notional Value

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
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 05/Dec/2019

% 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 05/Dec/2019

% of Market Value

Type Fund
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
London Stock Exchange IUFS USD 23/Nov/2015 B4JNQZ4 IUFS LN IUFS.L - - IE00B4JNQZ49 - 30453019 - -
Deutsche Boerse Xetra QDVH EUR 02/Dec/2015 BYV2JV6 QDVH GY QDVH.DE - - IE00B4JNQZ49 A142NY - - -
London Stock Exchange UIFS GBP 23/Nov/2015 B44NX70 UIFS LN UIFS.L - - IE00B4JNQZ49 - - - -
Bolsa Mexicana De Valores IUFS MXN 14/Jun/2017 - IUFSN MM - - - IE00B4JNQZ49 - - - -
SIX Swiss Exchange IUFS USD 18/Mar/2016 BYXFFK4 IUFS SW IUFS.S - - IE00B4JNQZ49 - 30453019 - -
Tel Aviv Stock Exchange iSFF503 ILS 05/Aug/2019 BK8Y9L7 iSFF503 IT iSFF503.TA - - IE00B4JNQZ49 - - - -

Literature

Literature