Fixed Income

iShares Global 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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  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 13.01 6.97 4.80 -5.69 3.80 7.92 0.15 -0.09 -13.36
Benchmark (%) 13.33 7.41 4.64 -5.58 4.16 7.85 1.01 0.09 -12.91
  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

3.80 7.92 0.15 -0.09 -13.36
Benchmark (%)

as of Dec 31, 2022

4.16 7.85 1.01 0.09 -12.91
  1Y 3Y 5Y 10y Incept.
-13.36 -4.65 -0.58 - 1.25
Benchmark (%)

as of Dec 31, 2022

-12.91 -4.15 -0.22 - 1.57
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-13.36 -2.94 -5.37 -6.49 -13.36 -13.31 -2.88 - 12.30
Benchmark (%)

as of Dec 31, 2022

-12.91 -3.69 -4.70 -6.04 -12.91 -11.94 -1.08 - 15.67
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 Jan 27, 2023 USD 594,953,832
Share Class Inception Date Aug 28, 2013
Fund Inception Date Oct 23, 2012
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Benchmark Index FTSE World Government Bond Index in EUR
Index Ticker -
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 0.18%
Annual Management Fee 0.15%
Performance Fee 0.00%
Minimum Initial Investment EUR 50000000
Minimum Subsequent Investment EUR 1000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGIDN2E
ISIN LU0965779233
SEDOL BD4TMF2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Dec 30, 2022 1028
Standard Deviation (3y) as of Dec 31, 2022 5.99%
3y Beta as of Dec 31, 2022 0.954
Yield to Maturity as of Dec 30, 2022 3.39%
Modified Duration as of Dec 30, 2022 7.39 yrs
Yield to Worst as of Dec 30, 2022 3.39%
Effective Duration as of Dec 30, 2022 7.42 yrs
Weighted Avg Maturity as of Dec 30, 2022 9.08 yrs
WAL to Worst as of Dec 30, 2022 9.08 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 A
MSCI ESG % Coverage as of Nov 21, 2022 100.00
MSCI ESG Quality Score (0-10) as of Nov 21, 2022 5.85
MSCI ESG Quality Score - Peer Percentile as of Nov 21, 2022 26.69
Fund Lipper Global Classification as of Nov 21, 2022 Bond Global USD
Funds in Peer Group as of Nov 21, 2022 341
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of Nov 21, 2022 0.00
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.

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Global Government Bond Index Fund (LU), Class N2, as of Dec 31, 2022 rated against 890 Global Bond Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Dec 30, 2022
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 0.86
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.69 08/12/2026 0.66
TREASURY NOTE 2.875 05/15/2028 0.55
TREASURY NOTE 3.25 08/31/2024 0.52
TREASURY NOTE 1.25 11/30/2026 0.46
Name Weight (%)
TREASURY NOTE 0.375 01/31/2026 0.46
TREASURY NOTE 1.25 08/15/2031 0.44
TREASURY NOTE 2.875 05/15/2032 0.43
TREASURY NOTE 1.625 05/15/2031 0.43
TREASURY NOTE 0.375 09/15/2024 0.42
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
N2 EUR Accumulating 80.87 -0.15 -0.19 Jan 27, 2023 92.71 79.81 LU0965779233 -
N7 EUR Semi-Annual 93.96 -0.18 -0.19 Jan 27, 2023 108.17 92.68 LU0852473874 -
D2 USD - 89.91 -0.34 -0.38 Jan 27, 2023 105.03 81.69 LU1811364139 -
A2 USD Accumulating 85.77 -0.33 -0.38 Jan 27, 2023 100.49 77.99 LU0836513852 -
N2 USD Accumulating 88.87 -0.34 -0.38 Jan 27, 2023 103.78 80.74 LU0839971503 -
X2 EUR Accumulating 94.51 -0.18 -0.19 Jan 27, 2023 107.85 93.21 LU0839970364 -
F2 USD Accumulating 88.49 -0.34 -0.38 Jan 27, 2023 103.37 80.40 LU0836517176 -
X2 USD Accumulating 90.11 -0.34 -0.38 Jan 27, 2023 105.07 81.83 LU0826459850 -
D2 EUR Accumulating 109.06 -0.21 -0.19 Jan 27, 2023 124.69 107.58 LU0875157884 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature