iShares EUR Covered Bond UCITS ETF EUR (Dist)

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 Markit iBoxx Euro Covered 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 (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them The Index measures the performance of Euro-denominated covered bonds which comply with or are structured according to specific regulatory requirements and the Index is weighted by market capitalisation. Market capitalisation is the market value of the outstanding bond issuance. The bonds must have at least one year remaining to maturity (i.e. the time until they are due for repayment) and a minimum issue size of €500million. Covered bonds are FI securities that are guaranteed by an equal amount of cash. The bonds will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness). The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e investments the prices of which are based on one or more underlying assets). FDIs may be used 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 price of fixed income securities may be affected by changi

Physical sampled

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No