The iShares € Corp Bond ESG SRI UCITS ETF EUR (Dist) (SUOE) is an Ireland-domiciled fixed-income ETF managed by BlackRock through its iShares platform and traded in euros on the London Stock Exchange.

The fund seeks to track the Bloomberg MSCI Euro Corporate ESG SRI Index, a benchmark comprising euro-denominated investment-grade corporate bonds selected according to credit quality and sustainability criteria.

Its methodology incorporates environmental, social, and governance (ESG) criteria alongside socially responsible investing (SRI) screens to determine eligible issuers and securities.

Composition / Exposure Profile

SUOE provides exposure to corporate bonds issued by companies across different economic sectors, including:

• Financials.

• Industrials.

• Utilities.

• Consumer-related industries.

• Telecommunications.

• Health care.

• Energy.

Exposure is concentrated in euro-denominated corporate bonds issued by companies across different countries and sectors. Euro denomination does not necessarily mean that all issuers are headquartered in the Eurozone.

The index includes investment-grade bonds, a category associated with issuers and securities considered to have relatively lower credit risk by credit rating agencies. Nevertheless, these bonds remain exposed to potential defaults and changes in credit quality.

Because the methodology incorporates ESG and SRI screens, certain issuers may be excluded if they do not meet the established criteria. As a result, SUOE's composition may differ from that of broader euro-denominated corporate bond indexes.

Structure and Costs

The fund and share class have the euro as their base currency. On the London Stock Exchange, SUOE trades in EUR, providing exposure to the euro-denominated corporate bond market.

The ETF has a total expense ratio (TER) of 0.14% per year, uses physical replication through representative sampling, and is domiciled in Ireland. It operates as part of iShares II plc under the UCITS regulatory framework.

SUOE follows a semiannual distributing income policy. Interest income received from portfolio bonds may therefore be periodically distributed to shareholders in accordance with the share class's distribution policy.

History and Evolution of the ETF

The iShares € Corp Bond ESG SRI UCITS ETF EUR (Dist) was launched in 2018, providing exposure to the euro-denominated corporate credit market through a strategy incorporating sustainability criteria.

Since its launch, the fund has maintained a passive strategy linked to the Bloomberg MSCI Euro Corporate ESG SRI Index, tracking investment-grade corporate bonds selected according to financial requirements and ESG and SRI criteria.

Throughout its history, SUOE's performance has reflected movements in interest rates, corporate credit spreads, issuers' financial conditions, and developments in the euro-denominated fixed-income market.

Additional Information

iShares € Corp Bond ESG SRI UCITS ETF EUR Dist (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $3.92 billion.

Over the past 12 months, iShares € Corp Bond ESG SRI UCITS ETF EUR Dist recorded a return of -3.97%, with its price trading between $5.15 and $5.73 during the same period.

The ETF is traded under the ticker SUOE.