EFRN
•
Fixed Income
ISHARES € FLOATING RATE BOND ESG UCITS ETF EUR (DIST)
TER (bps):
10
AUM (USD m):
712
ISIN:
IE00BF5GB717
Domicile:
Ireland
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Eurozone (EMU)
As of:
13 Nov 2024
Climate Fund:
No
Benchmark
The Bloomberg MSCI EUR FRN Corporate 3% Issuer Cap Bond Sustainable SRI Index measures the performance of Euro denominated, investment grade, floating rate corporate bonds that have a remaining maturity of greater than or equal to one month, have at least €300 million outstanding per individual bond and that are issued by companies that meet the index provider’s ESG ratings, based on a series of exclusionary and ratings based criteria. Issuer exposure is capped at 3%. The Index applies the Bloomberg MSCI SRI Screen where Companies will be excluded from the Parent Index if they are involved in the following; alcohol, tobacco, gambling, adult entertainment, genetically modified organisms, nuclear power, civilian firearms, conventional weapons, controversial weapons, thermal coal, unconventional oil and gas, and fossil fuel reserves ownership. Issuers must have a minimum MSCI ESG rating of BBB, a minimum ESG Controversies score of 1 and meet the SRI screen requirements to be considered eligible for inclusion in the Index.
PERFORMANCE
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