Fixed Income

iShares Emerging Markets 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

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 22.12 12.66 13.43 -3.27 0.50 17.01 -3.80 5.96 -11.94
Benchmark (%) 22.34 12.71 13.45 -3.15 0.57 17.15 -3.43 5.66 -12.39
  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
From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

0.50 17.01 -3.80 5.96 -11.94
Benchmark (%)

as of Dec 31, 2022

0.57 17.15 -3.43 5.66 -12.39
  1Y 3Y 5Y 10y Incept.
-11.94 -3.54 1.09 - 3.83
Benchmark (%)

as of Dec 31, 2022

-12.39 -3.67 1.04 - 3.85
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-11.94 -2.36 -1.06 0.78 -11.94 -10.24 5.56 - 43.34
Benchmark (%)

as of Dec 31, 2022

-12.39 -3.21 -0.77 1.06 -12.39 -10.61 5.31 - 43.62
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

Net Assets of Fund as of Feb 3, 2023 USD 3,834,629,267
Share Class Inception Date May 28, 2013
Fund Inception Date May 28, 2013
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Benchmark Index JP Morgan Global Diversified EMBI Index in EUR
Index Ticker -
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 0.24%
Annual Management Fee 0.20%
Performance Fee 0.00%
Minimum Initial Investment EUR 50000000
Minimum Subsequent Investment EUR 5000
Distribution Frequency Semi-Annual
Use of Income Distributing
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Emerging Markets Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGIMGN7
ISIN LU0916237901
SEDOL B9K96D4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 30, 2022 924
12m Trailing Yield as of Dec 31, 2022 5.51%
Standard Deviation (3y) as of Dec 31, 2022 10.31%
3y Beta as of Dec 31, 2022 0.877
Yield to Maturity as of Dec 30, 2022 7.37%
Modified Duration as of Dec 30, 2022 6.75 yrs
Yield to Worst as of Dec 30, 2022 7.35%
Effective Duration as of Dec 30, 2022 6.84 yrs
Weighted Avg Maturity as of Dec 30, 2022 11.55 yrs
WAL to Worst as of Dec 30, 2022 11.55 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 Nov 21, 2022 BB
MSCI ESG % Coverage as of Nov 21, 2022 92.66
MSCI ESG Quality Score (0-10) as of Nov 21, 2022 3.30
MSCI ESG Quality Score - Peer Percentile as of Nov 21, 2022 31.03
Fund Lipper Global Classification as of Nov 21, 2022 Bond Emerging Markets Global HC
Funds in Peer Group as of Nov 21, 2022 419
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 21, 2022 1,521.84
MSCI Weighted Average Carbon Intensity % Coverage as of Nov 21, 2022 13.70
All data is from MSCI ESG Fund Ratings as of Nov 21, 2022, based on holdings as of Jul 31, 2022. 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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, 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 the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Dec 30, 2022 0.00%
MSCI - UN Global Compact Violators as of Dec 30, 2022 2.34%
MSCI - Nuclear Weapons as of Dec 30, 2022 0.00%
MSCI - Thermal Coal as of Dec 30, 2022 0.15%
MSCI - Civilian Firearms as of Dec 30, 2022 0.00%
MSCI - Oil Sands as of Dec 30, 2022 0.00%
MSCI - Tobacco as of Dec 30, 2022 0.00%

Business Involvement Coverage as of Dec 30, 2022 13.06%
Percentage of Fund not covered as of Dec 30, 2022 86.66%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.62% and for Oil Sands 1.10%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Emerging Markets Government Bond Index Fund (LU), Class N7, as of Jan 31, 2023 rated against 1372 Global Emerging Markets Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Mar 17, 2022)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Dec 30, 2022
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.75
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 2.5 07/31/2035 0.67
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.66
QATAR (STATE OF) RegS 5.103 04/23/2048 0.47
QATAR (STATE OF) RegS 4.817 03/14/2049 0.47
Name Weight (%)
KAZAKHSTAN (REPUBLIC OF) MTN RegS 5.125 07/21/2025 0.45
URUGUAY (ORIENTAL REPUBLIC OF) 4.975 04/20/2055 0.42
PETRONAS CAPITAL LTD MTN RegS 4.55 04/21/2050 0.41
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 5.5 07/31/2030 0.41
BRAZIL FEDERATIVE REPUBLIC OF (GO 4.25 01/07/2025 0.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 30, 2022

% 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 TIS
N7 EUR Semi-Annual 94.47 0.09 0.10 Feb 3, 2023 106.40 89.31 LU0916237901 -
Class I7 USD Semi-Annual 85.63 -0.50 -0.58 Feb 3, 2023 101.42 73.39 LU1333800438 -
I2 USD Accumulating 121.78 -0.71 -0.58 Feb 3, 2023 136.90 104.36 LU1064902957 -
X2 Hgd SEK Accumulating 917.45 -5.45 -0.59 Feb 3, 2023 1,064.65 795.36 LU1499592894 -
Class X7 USD - 80.08 -0.47 -0.58 Feb 3, 2023 94.85 68.59 LU2087589268 -
X2 EUR Accumulating 115.98 0.11 0.09 Feb 3, 2023 123.77 109.59 LU1435395394 -
A2 USD Accumulating 121.28 -0.71 -0.58 Feb 3, 2023 136.73 104.02 LU0836513696 -
I2 Hgd GBP Accumulating 101.39 -0.60 -0.59 Feb 3, 2023 116.24 87.54 LU1400680390 -
X2 Hgd EUR Accumulating 97.37 -0.57 -0.58 Feb 3, 2023 113.41 84.52 LU1387770735 -
X2 USD Accumulating 127.07 -0.74 -0.58 Feb 3, 2023 142.56 108.83 LU0826455437 -
D2 EUR - 113.33 0.11 0.10 Feb 3, 2023 121.22 107.15 LU1811365292 -
F2 USD Accumulating 102.07 -0.60 -0.58 Feb 3, 2023 114.78 87.48 LU1640626278 -
A2 Hgd EUR Accumulating 94.10 -0.55 -0.58 Feb 3, 2023 110.14 81.79 LU1373035580 -
D2 USD - 103.46 -0.61 -0.59 Feb 3, 2023 116.34 88.67 LU1811365029 -
I2 Hgd EUR Accumulating 95.98 -0.57 -0.59 Feb 3, 2023 112.03 83.36 LU1373035663 -

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature