Fixed Income

iShares Global Inflation-Linked Bond Index Fund (IE)

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. Inflation linked bonds are fixed interest securities where the coupon payments increase and decrease with changes in official inflation rates. Such bonds offer investors some protection against rising levels of inflation, since rising official inflation data automatically feeds through into coupon payments. However, Investors should be aware that inflation linked bonds may, under certain circumstances, offer a slightly lower coupon payment compared to other types of fixed interest securities. Also, given that these securities are not exposed to inflation rate risk, should inflation rates decrease, the value of an inflation linked bond may not increase in price as might be expected for some other sorts of bond. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
Total Return (%)

as of Dec 31, 2021

3.40 0.12 8.42 9.84 5.54
Benchmark (%)

as of Dec 31, 2021

3.32 0.10 8.38 9.81 6.40
  1Y 3Y 5Y 10y Incept.
5.54 7.92 5.41 4.46 4.85
Benchmark (%)

as of Dec 31, 2021

6.40 8.19 5.54 4.50 4.86
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
5.54 -1.37 3.13 5.54 25.69 30.12 54.64 91.40
Benchmark (%)

as of Dec 31, 2021

6.40 -0.54 4.00 6.40 26.63 30.96 55.29 91.83
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Dec 2, 2021 USD 1,005.441
Fund Inception Date Apr 11, 2008
Share Class Inception Date Apr 11, 2008
12m Trailing Yield -
Number of Holdings as of Nov 30, 2021 150
Base Currency U.S. Dollar
Asset Class Fixed Income
Morningstar Category Global Inflation-Linked Bond - USD Hedged
Benchmark Index Bloomberg World Government Inflation-Linked Bond Index
SFDR Classification Other
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.03%
ISIN IE00B2PPWQ36
Bloomberg Ticker BGIGIUS
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B2PPWQ3
Bloomberg Benchmark Ticker GILUSHTTHP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 500000
Minimum Subsequent Investment USD 250000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Dec 31, 2021 5.73
3y Beta as of Dec 31, 2021 1.011
5y Volatility - Benchmark as of Dec 31, 2021 4.97
5y Beta as of Dec 31, 2021 1.007

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jan 7, 2022 A
MSCI ESG % Coverage as of Jan 7, 2022 99.11
MSCI ESG Quality Score (0-10) as of Jan 7, 2022 6.00
MSCI ESG Quality Score - Peer Percentile as of Jan 7, 2022 29.51
Fund Lipper Global Classification as of Jan 7, 2022 Bond Global Inflation Linked
Funds in Peer Group as of Jan 7, 2022 61
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of Jan 7, 2022 0.00
All data is from MSCI ESG Fund Ratings as of Jan 7, 2022, based on holdings as of Aug 31, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for iShares Global Inflation-Linked Bond Index Fund (IE), Flex, as of Dec 31, 2021 rated against 86 Global Inflation-Linked Bond - USD Hedged Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Nov 30, 2021
Name Weight (%)
UK I/L GILT 0.125 03/22/2068 1.74
UK I/L GILT 1.25 11/22/2055 1.64
UK I/L GILT 0.375 03/22/2062 1.62
TREASURY (CPI) NOTE 3.875 04/15/2029 1.42
UK I/L GILT 0.5 03/22/2050 1.41
Name Weight (%)
TREASURY (CPI) NOTE 0.25 01/15/2025 1.41
TREASURY (CPI) NOTE 0.625 01/15/2026 1.40
TREASURY (CPI) NOTE 0.125 07/15/2031 1.38
TREASURY (CPI) NOTE 0.625 01/15/2024 1.37
TREASURY (CPI) NOTE 0.625 04/15/2023 1.34
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Flex USD Accumulating 18.70 -0.12 -0.66 19.49 17.43 18.68 IE00B2PPWQ36 18.71 -
D USD Accumulating 12.55 -0.08 -0.66 13.08 11.71 12.54 IE00BD0NC367 12.56 -
Inst USD Accumulating 15.96 -0.11 -0.66 16.64 14.89 15.94 IE00B3C8NT28 15.97 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature