Fixed Income

BlackRock Euro Government Enhanced Index Fund

Overview

Important Information: Capital at Risk. 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. 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 invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. 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. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. Certain developing countries are especially large debtors to commercial banks and foreign governments. Investment in debt obligations (sovereign debt) issued or guaranteed by developing governments or their agencies involve a high degree of risk.
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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-2015
To
31-Dec-2016
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
Total Return (%)

as of Dec 31, 2020

3.60 -0.10 0.97 6.95 5.29
Benchmark (%)

as of Dec 31, 2020

3.20 0.15 0.88 6.72 5.03
  1Y 3Y 5Y 10y Incept.
2.06 4.26 2.77 4.88 4.41
Benchmark (%)

as of Jan 31, 2021

1.81 4.10 2.65 4.62 -
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-0.62 -0.62 -0.33 2.06 13.32 14.62 61.01 92.28
Benchmark (%)

as of Jan 31, 2021

-0.59 -0.59 -0.35 1.81 12.83 13.95 57.16 -
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 Mar 1, 2021 EUR 144.160
Fund Inception Date Dec 1, 2005
Share Class Inception Date Jun 11, 2003
12m Trailing Yield -
Number of Holdings as of Jan 29, 2021 130
Base Currency Euro
Asset Class Fixed Income
Morningstar Category EUR Government Bond
Benchmark Index FTSE EMU Government Bond Index
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.03%
ISIN GB0033157453
Bloomberg Ticker BGIEGOI
Annual Management Fee 0.00%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 3315745
Bloomberg Benchmark Ticker 1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 500000
Minimum Subsequent Investment EUR 5000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 28, 2021 4.21
3y Beta as of Jan 31, 2021 0.980
5y Volatility - Benchmark as of Feb 28, 2021 4.01
5y Beta as of Jan 31, 2021 0.983

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, 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 methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 5, 2021 A
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 6.13
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 66.30
MSCI ESG % Coverage as of Feb 5, 2021 99.82
Fund Lipper Global Classification as of Feb 5, 2021 Bond EMU Government
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 1.34
Funds in Peer Group as of Feb 5, 2021 184
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Sep 30, 2020. 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 covered 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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BlackRock Euro Government Enhanced Index Fund, Flex, as of Feb 28, 2021 rated against 624 EUR Government Bond Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
ITALY (REPUBLIC OF) 1.85 07/01/2025 3.92
GERMANY (FEDERAL REPUBLIC OF) 0 06/10/2022 3.56
ITALY (REPUBLIC OF) 0.05 01/15/2023 2.86
FRANCE (REPUBLIC OF) 0 02/25/2023 2.85
ITALY (REPUBLIC OF) 0.95 03/01/2037 2.82
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 0 08/15/2026 2.42
ITALY (REPUBLIC OF) 0.5 02/01/2026 2.24
SPAIN (KINGDOM OF) 1.25 10/31/2030 2.17
GERMANY (FEDERAL REPUBLIC OF) 0.5 08/15/2027 2.04
ITALY (REPUBLIC OF) 0 01/15/2024 1.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of -

% of Market Value

Type Fund
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Jan 29, 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 EUR Accumulating 21.04 0.13 0.61 21.53 19.98 21.02 GB0033157453 21.06 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature