Fact sheet: Blackrock USCorporateBdIdx

Fund information
Fund name
Blackrock US Corporate Bond Index Inst
Fund manager company
BlackRock Fixed Inc Dub Fd plc
Fund type
OEIC
Fund manager
  • Darren Willssince 12/09/2000
Fund objective
The BlackRock US Corporate Bond Index Fund aims to closely track the returns of the Citigroup Eurodollar Bond Index, an index designed to reflect the performance of the US dollar Eurobond market.
Benchmark
  • Citigroup Euro Dollar Bond
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised, Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
17/23
Sector
FO Fixed Int - USD Corporate Bond
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.15%
Fund size
£1,006m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
77
Top in this sector
Fund name1 Year
Franklin Fltng Rte II10.9%
Invesco GblInvGrCorpBd9.9%
Natixis Dur Hgd Gbl Corp Bd8%
StanLife Inv EM Corp Bd7.8%
CS Lux Asia Corp Bd6.5%
...more in FO Fixed Int - USD Corporate Bond

Performance snapshot

Holdings snapshot

  • USA99.9%
    Money Market0.1%
  • Corporate Bonds74.4%
    Government Guaranteed25.5%
    Money Market0.1%
    Mortgage & Secured Bonds0%
  • US Fixed Interest99.9%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%1.8%-1.7%3.2%10.8%18.8%
Sector-0.1%1.5%-0.4%5.9%11.1%19.8%
Rank within sector7 / 3111 / 3117 / 2617 / 2310 / 2110 / 14
Quartile1st2nd3rd3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%5.2%-0.5%6.6%-1.4%
Sector1.1%7.5%-1.2%5.4%-1.5%
Rank within sector8 / 3116 / 2212 / 229 / 1910 / 16
Quartile2nd3rd3rd2nd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.22
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.9
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.56
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.76
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.09
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.77
Price movement
52 week high15.72
52 week low14.89
Current bid price15.38
Current offer price15.46
Current mid price-
Region
1USA99.89%
2Money Market0.11%
Industry sector
1Corporate Bonds74.4%
2Government Guaranteed25.48%
3Money Market0.11%
4Mortgage & Secured Bonds0.02%
Asset type
1US Fixed Interest99.89%
2Money Market0.11%
Individual holdings
1INTERNATIONAL BANK FOR REC & DEV 1.125% BDS 27/11/19 USD10000.3%
2EUROPEAN INVESTMENT BANK 1.25% BDS 15/05/19 USD10000.27%
3KREDITANSTALT FUER WIEDERAUFBAU KFW 1.25% NTS 30/09/19 USD10000.25%
4KREDITANSTALT FUER WIEDERAUFBAU KFW 1.875% NTS 01/04/19 USD10000.24%
5ANHEUSER-BUSCH INBEV SA 4.9% BDS 01/02/46 USD10000.22%
6GENERAL ELECTRIC CAPITAL CORP 4.418% NTS 15/11/35 USD1000 144A0.19%
7EUROPEAN INVESTMENT BANK 2% NTS 15/03/21 USD10000.18%
8JPMORGAN CHASE & CO 2.2% BDS 22/10/19 USD20000.18%
9ANHEUSER-BUSCH INBEV FINANCE INC 2.65 02/01/20210.17%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Fixed Inc Dub Fd plc
Fund type
OEIC
Fund objective
The BlackRock US Corporate Bond Index Fund aims to closely track the returns of the Citigroup Eurodollar Bond Index, an index designed to reflect the performance of the US dollar Eurobond market.
Benchmark
  • Citigroup Euro Dollar Bond
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised, Fixed Interest
Fund manager
NameSinceBiography
Darren Wills12/09/2000Darren Wills, Director, is a portfolio manager within BlackRock's Model-Based Fixed Income Portfolio Management Group. Mr. Wills' service with the firm dates back to 2008, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to BGI, Mr Wills was an investment manager at State Street Global Advisors, where he managed predominately sterling and global credit portfolios.Mr. Wills earned a BSc degree in mathematics and management sciences from University of Manchester Institute of Science and Technology and holds the Investment Management Certificate.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Finland, United Kingdom, Ireland, Luxembourg, Offshore
Blackrock US Corporate Bond Index Flexible
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)0.03%
Bid price24.914
Offer price25.04
Mid price-
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBR18
Blackrock US Corporate Bond Index Flexible Dis USD
Initial charge-
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)-
Bid price9.676
Offer price9.725
Mid price-
CurrencyUSD
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNDDR
Blackrock US Corporate Bond Index Inst
Initial charge-
Annual charge0.13%
Min single investment£5,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price15.38
Offer price15.458
Mid price-
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDMP9
Data provided by

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