Fixed Income

JPEA

iShares J.P. Morgan $ EM 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.

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. Certain developing countries are especially large debtors to commercial banks and foreign governments. Investment in debt obligations (sovereign debt) issued or guaranteed by developing governments or their agencies involve a high degree of risk. 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.

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

- - - -2.82 11.51
Benchmark (%) Index: J.P. Morgan EMBI Global Core Index

as of 30/Sep/2019

- - - -2.49 11.88

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

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Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Total Distribution
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Key Facts

Key Facts

Net Assets of Share Class as of 05/Dec/2019 USD 1,374,368,626
Net Assets of Fund as of 05/Dec/2019 USD 9,676,507,814
Fund Base Currency USD
Share Class Currency USD
Fund Launch Date 15/Feb/2008
Share Class Launch Date 13/Apr/2017
Asset Class Fixed Income
Domicile Ireland
Benchmark Index J.P. Morgan EMBI Global Core Index
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Frequency Monthly
ISIN IE00BYXYYK40
Bloomberg Ticker JPEA LN
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
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 05/Dec/2019 243,761,232
Benchmark Level as of 05/Dec/2019 USD 594.24
Benchmark Ticker JPEICORE
Fiscal Year End 31 October

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.

Business Involvement

Business Involvement

Registered Locations

Registered Locations

  • Austria

  • Chile

  • Czech Republic

  • 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 Maturity Coupon (%) Market Currency Duration Notional Value
as of 05/Dec/2019
Issuer Weight (%)
QATAR (STATE OF) 3.68
RUSSIAN FEDERATION 3.67
TURKEY (REPUBLIC OF) 3.65
PHILIPPINES (REPUBLIC OF) 3.41
COLOMBIA (REPUBLIC OF) 3.34
Issuer Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 3.14
SAUDI ARABIA (KINGDOM OF) 3.04
EGYPT (ARAB REPUBLIC OF) 2.85
INDONESIA (REPUBLIC OF) 2.84
PETROLEOS MEXICANOS 2.65
Issuer Ticker Name Name of the underlying security 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 30/Sep/2019~

  • Securities Lending Return*: 0.02
  • Average on-loan (% of AUM): 15.69
  • Maximum on-loan (% of AUM)†: 19.31
  • Collateralisation (% of Loan): 106.83
as of 05/Dec/2019
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 05/Dec/2019

% of Market Value

Type Fund Benchmark Net
as of 05/Dec/2019

% 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 05/Dec/2019

% of Market Value

Type Fund Benchmark Net
as of 05/Dec/2019

% of Market Value

Type Fund Benchmark Net
as of 05/Dec/2019

% 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
London Stock Exchange JPEA USD 13/Apr/2017 BYXYYK4 JPEA LN JPEA.L - - IE00BYXYYK40 A2DN9U 36328098 - -
London Stock Exchange JPEE EUR 15/Sep/2017 BF5Q1V5 JPEE LN JPEE.L - - IE00BYXYYK40 A2DN9U 36328098 - -
Bolsa Mexicana De Valores JPEA MXN 04/May/2017 - JPEAN MM - - - IE00BYXYYK40 - - - -
SIX Swiss Exchange JPEA CHF 06/Jun/2017 BF2MYH3 JPEA JPEA.S - - IE00BYXYYK40 - 36328098 - -
Tel Aviv Stock Exchange iSFF201 ILS 11/Nov/2019 BK8Y939 iSFF201 IT iSFF201.TA - - IE00BYXYYK40 - - - -

Literature

Literature