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Fixed Income
Trade this ETF now through your brokerage.
- NAV as of 18/Mar/2024GBP 1.55
52 WK: 1.40 - 1.57 - 1 Day NAV Change as of 18/Mar/20240.00(-0.02%)
- Morningstar Rating
3 stars
NEUTRAL
Investment Approach
The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the Markit iBoxx GBP Non-Gilts Overall TR Index, the Fund’s benchmark index. The Fund is passively managed and the investment adviser has discretion to select the Fund’s investments and in doing so may take into consideration the Benchmark Index. The Fund invests in fixed income securities (such as bonds) that make up the benchmark index and, at the time of purchase, comply with the credit rating requirements of the benchmark index. The benchmark index measures the performance of fixed income securities denominated in Sterling issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) but excludes gilts (i.e. bonds) issued by the UK government. These may include fixed income securities which pay income according to a fixed rate of interest and will be investment grade (i.e. meet a specified level of credit worthiness) at the time of inclusion in the benchmark index.
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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.
The value of your investment and the income from it will vary and your initial investment amount is not guaranteed.Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a correspondingdecline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.
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
The Fund’s investments may have low liquidity, which often causes the value of these investments to be less predictable. In extreme cases the Fund may not be able to realise the investment at the latest market price or at a price considered fair.
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Performance
Chart
Performance chart data not available for display.
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- Growth of Hypothetical 10,000
- Historical NAVs
Unit Class performance displayed in . Source: BlackRock. Performance is shown on a bid to bid price basis, with net income reinvested, net of fees. Past performance is not a guide to future performance.
As of 29 April 2016, the benchmark index converted from a close of business valuation to a midday valuation. Historic performance of the benchmark index has been simulated by the benchmark index provider and such data is used for the purposes of demonstrating historic performance in the "Past Performance" table from 30 June 2010 or from the launch of the unit class if later.
Returns
- Calendar Year
- Annualised
- Cumulative
- Discrete Annual
This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.
This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years against its benchmark. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.
During this period performance was achieved under circ*mstances that no longer apply
*On , the Fund changed its name and/or investment objective and policy..
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 11.5 | -0.1 | 10.3 | 4.4 | -1.7 | 9.3 | 7.7 | -3.2 | -17.6 | 8.5 |
| Target Benchmark 1 (%) | 12.2 | 0.6 | 10.6 | 4.3 | -1.6 | 9.2 | 7.9 | -3.1 | -17.8 | 8.8 |
Missing calendar year returns data
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 4.98 | -4.06 | -0.40 | 2.06 | 3.22 |
| Target Benchmark 1 (%) | 5.12 | -4.07 | -0.38 | 2.24 | 3.48 |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | -2.22 | -0.76 | 1.83 | 5.28 | 4.98 | -11.69 | -1.98 | 22.60 | 54.14 |
| Target Benchmark 1 (%) | -2.30 | -0.82 | 1.87 | 5.38 | 5.12 | -11.72 | -1.90 | 24.77 | 59.57 |
Missing cumulative returns data
| From 31-Dec-2018 To 31-Dec-2019 | From 31-Dec-2019 To 31-Dec-2020 | From 31-Dec-2020 To 31-Dec-2021 | From 31-Dec-2021 To 31-Dec-2022 | From 31-Dec-2022 To 31-Dec-2023 | |
|---|---|---|---|---|---|
| Total Return (%) as of 31/Dec/2023 | 9.29 | 7.72 | -3.17 | -17.56 | 8.55 |
| Target Benchmark 1 (%) as of 31/Dec/2023 | 9.25 | 7.94 | -3.08 | -17.82 | 8.83 |
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 GBP.
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
Net Assets of Fundas of 18/Mar/2024GBP 4,815,782,151
Share Class launch date30/Jun/2010
Fund Launch Date30/Jun/2010
Share Class CurrencyGBP
Fund Base CurrencyGBP
Asset ClassFixed Income
Target Benchmark 1iBoxx Sterling Non Gilt Index
Initial Charge0.00%
Ongoing Charges Figures0.21%
ISINGB00B5MMQ552
Annual Management Fee0.20%
Performance Fee0.00%
Minimum Initial InvestmentGBP 1,000,000.00
Minimum Subsequent InvestmentGBP 100.00
Use of IncomeAccumulating
DomicileUnited Kingdom
Regulatory StructureUCITS
Management CompanyBlackRock Fund Managers Ltd
Morningstar CategoryGBP Corporate Bond
Dealing SettlementTrade Date + 3 days
Dealing FrequencyDaily, forward pricing basis
Bloomberg TickerBCOBTDA
SEDOLB5MMQ55
Portfolio Characteristics
Number of Holdingsas of 29/Feb/20241261
Standard Deviation (3y)as of 29/Feb/20248.98%
3y Betaas of 29/Feb/20240.991
Yield to Maturityas of 29/Feb/20245.39
Modified Durationas of 29/Feb/20245.59
Weighted Average YTMas of 29/Feb/20245.35%
Effective Durationas of 29/Feb/20245.65
Weighted Avg Maturityas of 29/Feb/20248.14
WAL to Worstas of 29/Feb/20248.14
Sustainability Characteristics
Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.
The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.
MSCI ESG Fund Rating (AAA-CCC)as of 21/Feb/2024AA
MSCI ESG % Coverageas of 21/Feb/202491.74
MSCI ESG Quality Score (0-10)as of 21/Feb/20247.55
MSCI ESG Quality Score - Peer Percentileas of 21/Feb/202490.37
Fund Lipper Global Classificationas of 21/Feb/2024Bond GBP Corporates
Funds in Peer Groupas of 21/Feb/2024436
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)as of 21/Feb/202465.15
MSCI Weighted Average Carbon Intensity % Coverageas of 21/Feb/202491.73
All data is from MSCI ESG Fund Ratings as of 21/Feb/2024, based on holdings as of 30/Sept/2023. 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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.
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.
Business Involvement metrics are not indicative of a fund’s investment objective, 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 the Business Involvement metrics, using links below.
MSCI - Controversial Weaponsas of 29/Feb/20240.00%
MSCI - UN Global Compact Violatorsas of 29/Feb/20240.24%
MSCI - Nuclear Weaponsas of 29/Feb/20240.00%
MSCI - Thermal Coalas of 29/Feb/20240.24%
MSCI - Civilian Firearmsas of 29/Feb/20240.00%
MSCI - Oil Sandsas of 29/Feb/20240.00%
MSCI - Tobaccoas of 29/Feb/20240.61%
Business Involvement Coverageas of 29/Feb/202488.78%
Percentage of Fund not coveredas of 29/Feb/202411.22%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.24% and for Oil Sands 1.00%.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
Risk Indicator
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Low RiskHigh Risk
Typically low rewards Typically high rewards
Ratings
Morningstar Rating
3 stars
Overall Morningstar Rating for iShares Corporate Bond Index Fund (UK), Class L, as of 29/Feb/2024 rated against 441 GBP Corporate Bond Funds.
Holdings
- Top
as of 29/Feb/2024
| Name | Weight (%) |
|---|---|
| KFW MTN RegS 1.125 07/04/2025 | 0.59 |
| KFW BANKENGRUPPE MTN 6 12/07/2028 | 0.51 |
| EUROPEAN INVESTMENT BANK 6 12/07/2028 | 0.44 |
| EUROPEAN INVESTMENT BANK MTN RegS 1.375 03/07/2025 | 0.42 |
| EUROPEAN INVESTMENT BANK 5.625 06/07/2032 | 0.41 |
| Name | Weight (%) |
|---|---|
| KFW MTN RegS 3.75 07/30/2027 | 0.39 |
| KFW MTN RegS 4.125 02/18/2026 | 0.36 |
| KFW MTN RegS 0.875 09/15/2026 | 0.34 |
| EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 | 0.34 |
| TESCO PROPERTY RegS | 0.31 |
Holdings subject to change
Exposure Breakdowns
- Sector
- Maturity
- Credit Quality
as of 29/Feb/2024
% of Market Value
| Type | Fund | Benchmark | Net |
|---|
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as of 29/Feb/2024
% of Market Value
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as of 29/Feb/2024
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Negative weightings may result from specific circ*mstances (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
| Investor Class | Currency | NAV | NAV Amount Change | NAV % Change | NAV As Of | 52wk High | 52wk Low | ISIN |
|---|---|---|---|---|---|---|---|---|
| Class L | GBP | 1.55 | 0.00 | -0.02 | 18/Mar/2024 | 1.57 | 1.40 | GB00B5MMQ552 |
| Class X | GBP | 1.42 | 0.00 | -0.02 | 18/Mar/2024 | 1.44 | 1.29 | GB00B5WN6148 |
| Class H | GBP | 0.97 | 0.00 | -0.02 | 18/Mar/2024 | 1.00 | 0.91 | GB00BKF2KH76 |
| Class H | GBP | 1.24 | 0.00 | -0.02 | 18/Mar/2024 | 1.26 | 1.13 | GB00BJL5BV43 |
| Class L | GBP | 1.16 | 0.00 | -0.02 | 18/Mar/2024 | 1.18 | 1.07 | GB00B847N473 |
| Class S | GBP | 0.87 | 0.00 | -0.02 | 18/Mar/2024 | 0.88 | 0.79 | GB00BN08ZN29 |
| Class D | GBP | 1.54 | 0.00 | -0.02 | 18/Mar/2024 | 1.56 | 1.40 | GB00B84DSW83 |
| Class D | GBP | 1.14 | 0.00 | -0.02 | 18/Mar/2024 | 1.16 | 1.06 | GB00B7J60R40 |
| Class X | GBP | 1.03 | 0.00 | -0.02 | 18/Mar/2024 | 1.06 | 0.97 | GB00B8DYSW23 |
Portfolio Managers
Divya Manek
PortSols CREDIT LON GFI - Group
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