iShares iBonds Dec 2027 Term $ Corp UCITS ETFIndex, costs, backtest, listings and taxation

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

The Share Class is a share class of a Fund, which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg MSCI December 2027 Maturity USD Corporate ESG Screened Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, is passively managed and aims to invest so far as possible and practicable in the fixed income (e.g. bonds) securities that make up the Index and comply with its credit rating requirements. The Index measures the performance of investment grade, fixed rate, US Dollar denominated corporate bonds which mature between 01/01/2027 and 15/12/2027 and excludes issuers based on the index provider's ESG and other exclusionary criteria. If the credit ratings of the FI securities are downgraded below investment grade or where securities no longer meet the ESG criteria, the Fund may continue to hold these until they cease to form part of the Index and it is practicable to sell the position. It is a term of investment in the Fund that Shareholders on 31/12/2027 will have their Shares redeemed without further notice or Shareholder approval on 01/01/2028. The Index is market capitalisation weighted, with a 3% cap on any one issuer, and a pro rata distribution of any excess weight across the Index. The Index rebalances monthly until one year prior to maturity when rebalancing ceases except to remove bonds downgraded below investment grade or where securities no longer meet the ESG criteria. The Index applies screens which exclude issuers that are involved in the following business lines/activities: tobacco, nuclear weapons, civilian firearms, controversial weapons, thermal coal mining, generation of thermal coal power, oil sands, conventional weapons and weapons systems/components/support systems/services. The Fund uses optimising techniques to achieve a similar return to its Index. The Fund may use FDIs for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) for direct investment purposes to help achieve the Fund’s investment objectives.

Keep reading the KID section ▾

The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).

The depositary of the Fund is State Street Custodial Services (Ireland) Limited. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares V plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

Your shares will be distributing shares (i.e. income will be paid on the shares quarterly). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

Countries

Dividends