Fixed Income

iShares Euro Government Bond Index Fund (LU)

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 currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Growth of Hypothetical 10,000

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Distributions

Ex-Date Total Distribution
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 13.14 1.39 3.14 -0.07 0.76 6.61 4.82 -3.68 -18.48 6.69
Benchmark (%) 13.18 1.65 3.20 0.15 0.88 6.72 5.03 -3.54 -18.52 7.16

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

4.66 1.75 -6.77 -11.86 3.69
Benchmark (%)

as of Mar 31, 2024

4.38 2.29 -6.39 -11.81 3.86
  1Y 3Y 5Y 10y Incept.
1.80 -5.28 -2.41 0.30 1.11
Benchmark (%) 1.92 -5.13 -2.26 0.46 1.25
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-2.22 -0.13 -0.46 1.48 1.80 -15.02 -11.49 3.00 13.68
Benchmark (%) -2.13 -0.13 -0.53 1.37 1.92 -14.62 -10.80 4.70 15.44
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.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, hedged share class benchmark performance is displayed in EUR.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of Jun 17, 2024
EUR 110,989,769
Fund Inception Date
Oct 23, 2012
Base Currency
EUR
Benchmark Index
FTSE EMU Government Bond Index (EUR)
Initial Charge
5.00%
ISIN
LU0852473791
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 5000000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
EUR Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8WS4Y9
Share Class Inception Date
Nov 6, 2012
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charge
0.22%
Annual Management Fee
0.15%
Minimum Initial Investment
EUR 50000000
Distribution Frequency
Semi-Annual
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEGN7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
386
Standard Deviation (3y)
as of May 31, 2024
7.57%
Yield to Maturity
as of May 31, 2024
3.23%
Yield to Worst
as of May 31, 2024
3.23%
Weighted Avg Maturity
as of May 31, 2024
8.94 yrs
12m Trailing Yield
as of May 31, 2024
1.67%
3y Beta
as of May 31, 2024
0.966
Modified Duration
as of May 31, 2024
7.16 yrs
Effective Duration
as of May 31, 2024
7.27 yrs
WAL to Worst
as of May 31, 2024
8.94 yrs

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 May 19, 2024
A
MSCI ESG Quality Score (0-10)
as of May 19, 2024
6.39
Fund Lipper Global Classification
as of May 19, 2024
Bond EMU Government
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of May 19, 2024
100.00
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
47.74
Funds in Peer Group
as of May 19, 2024
155
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
0.00
All data is from MSCI ESG Fund Ratings as of May 19, 2024, based on holdings as of Jan 31, 2024. 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% (or 50% for bond funds and money market funds) 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.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Euro Government Bond Index Fund (LU), Class N7, as of May 31, 2024 rated against 570 EUR Government Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Apr 30, 2024)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
FRANCE (REPUBLIC OF) 0.75 05/25/2028 0.87
FRANCE (REPUBLIC OF) 0.75 02/25/2028 0.81
FRANCE (REPUBLIC OF) 2.5 05/25/2030 0.79
FRANCE (REPUBLIC OF) 0.75 11/25/2028 0.79
FRANCE (REPUBLIC OF) 1.5 05/25/2031 0.78
Name Weight (%)
FRANCE (REPUBLIC OF) 0 11/25/2031 0.77
FRANCE (REPUBLIC OF) 2.75 10/25/2027 0.76
FRANCE (REPUBLIC OF) 0.5 05/25/2029 0.73
ITALY (REPUBLIC OF) 5.25 11/01/2029 0.72
FRANCE (REPUBLIC OF) 5.5 04/25/2029 0.71
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
N7 EUR Semi-Annual 101.45 -0.23 -0.23 Jun 17, 2024 104.85 96.21 LU0852473791
X2 EUR Accumulating 117.20 -0.26 -0.22 Jun 17, 2024 119.99 109.91 LU0826454976
F2 EUR Accumulating 114.73 -0.26 -0.23 Jun 17, 2024 117.56 107.73 LU0836516103
N2 EUR Accumulating 115.13 -0.26 -0.23 Jun 17, 2024 117.95 108.08 LU0839963237
A2 EUR Accumulating 110.80 -0.26 -0.23 Jun 17, 2024 113.70 104.27 LU0836513266
D2 EUR Accumulating 112.02 -0.26 -0.23 Jun 17, 2024 114.76 105.16 LU0839964631

Portfolio Managers

Portfolio Managers

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

Literature

Literature