FairHorizon Purple
P5-I

iShares USD Floating Rate Bond UCITS ETF

Global USD floating rate bonds. Passive tracker on Bloomberg US Floating Rate Note <5 Year Index.

About the Fund

Data as of

iShares is the market leader in the ETFs and passive index funds space, managing over US$5tn of AUM through more than 1600 ETFs offered globally. iShares is a subsidiary of BlackRock, the largest asset manager globally.

The iShares $ Floating Rate Bond UCITS ETF is a passive index solution that tracks the Bloomberg US Floating Rate Note <5 Years Index using a physical sampling approach. The index includes investment grade USD floating rate notes across government-related and corporate sectors. The ETF has >500 holdings.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

iShares USD Floating Rate Bond UCITS ETF

Ann. return (3-year):
5.81%
Ann. return (5-year):
4.17%
Ann. return (10-year):
Ann. Standard Deviation (5-year):
1.07%

This ETF represents high quality, short maturity USD floating rate notes primarily from developed countries, whose interest payments adjust to reflect changes in interest rates. This is an asset class intended to minimise interest rate risks.

Benchmark Returns

SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF

Ann. return (3-year):
3.97%
Ann. return (5-year):
1.76%
Ann. return (10-year):
1.67%
Ann. Standard Deviation (5-year):
1.99%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - Global Ultra Short Fixed Income Fund

Ann. return (3-year):
4.75%
Ann. return (5-year):
Ann. return (10-year):
Ann. Standard Deviation (5-year):
Link to the Funds FairSheet

The Dimensional Global Ultra Short Fixed Income Fund is our FAIRHORIZON Purple reference benchmark solution that has high quality short maturity corporate bonds with money market-like returns and low volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET  iShares USD Floating Rate Bond UCITS ETF  Page 1/2

Why we prefer this fund

Relevance of strategy

This ETF represents high quality, short maturity USD floating rate notes primarily from developed countries, whose interest payments adjust to reflect changes in interest rates. This is an asset class intended to minimise interest rate risks.

Liquidity

The ETF is listed on multiple Europe exchanges in various currencies.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-13.99%
Recovery Period
147 Days

Diversification

Credit Rating

  • Aaa22.23%
  • Aa27.19%
  • A42.24%
  • Baa6.04%
  • Ba0.26%
  • Others2.04%

Sectors

  • Corporate71.55%
  • Government-Related28.01%
  • Others0.44%

Geography

  • U.S.A.37.34%
  • Supranational20.52%
  • Australia8.11%
  • Canada6.86%
  • United Kingdom5.63%
  • South Korea3.67%
  • Japan3.46%
  • Netherlands3.16%
  • France2.46%
  • Norway2.23%
  • Sweden1.99%
  • Others4.56%

Frequently asked questions

What is the iShares USD Floating Rate Bond UCITS ETF?
The iShares USD Floating Rate Bond UCITS ETF is a index-based fund in the USD Short Maturity Bonds asset class, managed by iShares (BlackRock). Global USD floating rate bonds. Passive tracker on Bloomberg US Floating Rate Note <5 Year Index.
What is the iShares USD Floating Rate Bond UCITS ETF's FairHorizon classification?
Das Family Office classifies this fund as FairHorizon Purple, meaning it is suitable for investors with a 0–2 years investment horizon. ultra-short maturity, capital preservation
What is the total expense ratio (TER) of the iShares USD Floating Rate Bond UCITS ETF?
The iShares USD Floating Rate Bond UCITS ETF has a total expense ratio of 0.10% per annum. The maximum recommended portfolio share is 35%.
What is the ISIN of the iShares USD Floating Rate Bond UCITS ETF?
The ISIN of the iShares USD Floating Rate Bond UCITS ETF share class tracked by Das Family Office is IE00BZ048462.
What are the historical returns of the iShares USD Floating Rate Bond UCITS ETF?
As of the most recent month-end, the iShares USD Floating Rate Bond UCITS ETF has delivered 3-year annualised total return of 5.81%, 5-year annualised total return of 4.17%. Past performance is not indicative of future results.
Is the iShares USD Floating Rate Bond UCITS ETF accumulating or distributing?
The tracked share class (USD INC) is Distributing — income is paid out to investors on a periodic basis.
When was the iShares USD Floating Rate Bond UCITS ETF launched?
The iShares USD Floating Rate Bond UCITS ETF was incepted on 2017-07-12.