iShares Conservative Portfolio UCITS ETF
Mixed Allocation · Global · Conservative Allocation
Figures refer to the share class ISIN IE00BLP53M98, currency EUR, retail share class.
Key facts
- Management company
- BlackRock Asset Management Ireland - ETF
- Asset class
- Mixed Allocation
- Geography
- Global
- Strategy
- Conservative Allocation
- Share class currency
- EUR
- Share class inception
- 08.09.2020
- Fund size
- 19 million (as at 14.09.2026)
- Management fee
- 0.25%
- Performance fee
- No
- Liquidity
- Not available in this publication
- UCITS
- Yes
- Risk grade (SRRI)
- Not available in this publication
- Registered in Switzerland
- Yes
Price history
Rebased to 100 at 30.09.2021.
Table view
| Period | From | Fund (100 at start) |
|---|---|---|
| 1Y | 03.10.2025 | 103.3 |
| 3Y | 31.10.2023 | 117.3 |
| 5Y | 30.09.2021 | 102.1 |
| Since 2020 | 10.09.2020 | 105.4 |
Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Benchmark line not shown: price history held back: source clearance pending.
Fund history to 30.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE00BLP53M98, currency EUR, retail share class | 0.97 | 0.06 | 1.64 | 3.49 | 4.75 | 3.39 | 4.90 | 5.71 | 4.99 | 0.41 | 4.68 | 0.47 | -3.34 |
| BenchmarkConservative EUR - 33% MSCI ACWI NR + 67% BarCap Global Aggr | 0.54 | 0.17 | 2.17 | 4.37 | 4.54 | 9.01 | 8.98 | 7.23 | 7.29 | 2.62 | 5.61 | 0.79 | -3.69 |
| Differencefund minus benchmark, in percentage points | 0.43 | -0.11 | -0.53 | -0.87 | 0.21 | -5.63 | -4.08 | -1.52 | -2.30 | -2.21 | – | – | – |
Within the list: OpenList — Active ETFs
Compared with the mixed allocation funds on OpenList — Active ETFs (6 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 5.71 | 13.77 | 6 of 6 |
| Return 3Y p.a. | 4.99 | 10.88 | 6 of 6 |
| 3Y p.a. over its own benchmark | -2.30 | 0.94 | 6 of 6 |
| Volatility 3Y | 4.68 | 6.31 | 2 of 6 |
| Sharpe ratio 3Y | 0.47 | 1.10 | 6 of 6 |
| Max drawdown 3Y | -3.34 | -5.45 | 2 of 6 |
| Management fee | 0.25% | 0.43% | 1 of 6 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Active ETFs
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; monthly factsheet; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
This is an actively managed multi-asset UCITS ETF designed to provide total return while targeting a conservative risk profile. It is classified in the mixed asset EUR conservative global peer group, has a summary risk indicator of 3 out of 7, and a recommended holding period of 5 years. The fund is intended for retail investors who can bear losses up to the amount invested. Its distinct role is to provide globally diversified exposure through underlying ETFs across stocks and bonds, with at least 80% of assets meeting the fund’s ESG criteria.
Investment strategy
The fund aims to achieve a return through a combination of capital growth and income, while maintaining a conservative risk profile of 3-7% and investing in a manner consistent with its ESG criteria. It is actively managed without reference to a benchmark, so the investment manager has absolute discretion and is not constrained by any target, comparator or performance benchmark. The portfolio obtains indirect global exposure to fixed income securities, equity securities and collective investment schemes, predominantly through other funds and investment products, with at least 80% of assets at purchase invested in funds tracking indices that meet certain ESG criteria. The fund can vary asset allocation in different market conditions, may use financial derivative instruments to reduce risk, reduce costs and generate additional income, may engage in short-term secured lending, has modified duration of 3.83 years, holds 20 positions, and the share class is EUR accumulating with a 5-year recommended holding period.
Investment philosophy
• The fund is actively managed without reference to a benchmark and invests predominantly in other funds and investment products to obtain indirect exposure to a variety of asset classes globally.
• Portfolio construction is based on consistency with the fund’s conservative risk objective, the fund’s ESG criteria, the investment manager’s quantitative models, and the investment manager’s discretionary insights.
• At least 80% of assets must, at the time of purchase, be invested in funds tracking indices that meet certain ESG criteria, and the fund may exclude funds not subject to ESG-related requirements.
• The portfolio currently holds 20 positions, with the top ten accounting for 76.98% of assets; largest holdings include iShares EUR Govt Bond Climate UCITS (14.48%), iShares MSCI USA Screened UCITS ETF (14.13%), iShares $ Treasury Bond 7-10yr UCITS ETF (9.94%), iShares Cash UCITS ETF (8.17%), and iShares Euro Corp Bond ESG UCITS (7.90%).
• Risk is managed by varying asset allocation across market conditions to seek to stay within the stated 3-7% risk profile, while derivatives may be used to reduce portfolio risk and costs; the portfolio’s modified duration is 3.83 years.
The asset manager
The fund is manufactured and managed by BlackRock Asset Management Ireland Limited. The manager is part of the BlackRock, Inc. group and is authorised in Ireland and regulated by the Central Bank of Ireland. The fund is a sub-fund of iShares III plc and the issuing company is iShares III plc.
Strengths
The fund combines active multi-asset allocation with ETF implementation, giving exposure to a globally diversified selection of ETFs that comprise thousands of individual stocks and bonds. A stated differentiator is its ESG structure: at least 80% of assets must be invested in ETFs tracking indices that meet certain environmental, social and governance criteria, and the fund is classified under SFDR Article 8. It also targets a conservative risk profile while remaining flexible across asset classes and market conditions. The total expense ratio is 0.25%, and the ETF is listed in EUR on SIX Swiss Exchange, Xetra and Borsa Italiana.
Risks
The fund has a summary risk indicator of 3 out of 7, described as a medium low risk class, but it does not include protection from future market performance and investors could lose some or all of their investment. Because it invests in fixed income securities, equities and commodities through underlying funds, returns can be affected by interest-rate changes, issuer default, credit-rating downgrades, stock market movements, political and economic news, company earnings, corporate events and higher commodity price variation. The documents also identify counterparty risk, credit risk and liquidity risk, including the possibility that insufficient buyers or sellers may make investments harder to trade. Currency risk applies if an investor’s payment currency differs from the product’s base currency, ESG screening may reduce the investment universe and adversely affect value versus a fund without such screening, and derivatives and securities lending are used within the portfolio.