Fixed Income

iShares China CNY Bond Index Fund (IE)

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.

Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets, failed/delayed delivery of securities or payments to the Fund and sustainability-related risks. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies.

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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) 6.1 -2.9
Benchmark (%) 6.7 -3.2

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

- - - 1.64 -1.32
Benchmark (%)

as of 31/Mar/2024

- - - 1.69 -1.24
  1y 3y 5y 10y Incept.
0.42 - - - 5.01
Benchmark (%) 1.61 - - - 3.88
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.88 0.86 1.72 1.74 0.42 - - - 13.19
Benchmark (%) 2.12 1.02 2.26 1.57 1.61 - - - 10.13

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 GBP, 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. 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 28/May/2024
GBP 46,658
Inception Date
18/Oct/2021
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.17%
Annual Management Fee
0.12%
Minimum Initial Investment
GBP 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMYX8V5
Net Assets of Fund
as of 28/May/2024
USD 138,248,823
Fund Launch Date
18/Oct/2021
Base Currency
USD
Benchmark Index
BBG China Treasury + Policy Bank Total Return Index in GBP
Initial Charge
0.00%
ISIN
IE000WV9SR42
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 5,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
ISCBIDA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
63
3y Beta
as of -
-
Modified Duration
as of 30/Apr/2024
6.01
Effective Duration
as of 30/Apr/2024
6.02
WAL to Worst
as of 30/Apr/2024
7.69
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 30/Apr/2024
2.25
Weighted Average YTM
as of 30/Apr/2024
2.25%
Weighted Avg Maturity
as of 30/Apr/2024
7.69

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 6.08
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.75 06/15/2029 4.73
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.53 10/18/2051 4.30
CHINA DEVELOPMENT BANK 3.12 09/13/2031 4.24
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.48 04/15/2027 4.23
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.37 01/20/2027 4.09
CHINA DEVELOPMENT BANK 3.05 08/25/2026 4.04
CHINA DEVELOPMENT BANK 3.8 01/25/2036 4.00
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 3.66
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.46 02/15/2026 3.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D GBP 11.16 -0.05 -0.45 28/May/2024 11.53 10.51 IE000WV9SR42
Class D USD 10.13 0.01 0.05 28/May/2024 10.15 9.58 IE000CW2NLR8
Class Flexible USD 10.02 -0.01 -0.07 24/May/2022 10.49 9.80 IE00058RY3Y6
Class S USD 9.51 0.01 0.05 28/May/2024 9.55 9.12 IE000720VRP1
Class Institutional USD 10.12 0.01 0.05 28/May/2024 10.14 9.57 IE000VJMUIV7

Portfolio Managers

Portfolio Managers

Iain Court
Iain Court

Literature

Literature