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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Reinvestments

This fund does not have any distributions data as of now.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 7.91 -6.74 11.72 3.41 -2.68 -19.67 8.43
Benchmark (%) 10.26 -4.26 15.04 5.26 -1.80 -17.78 11.09

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

  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
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of Dec 31, 2023

11.72 3.41 -2.68 -19.67 8.43
Benchmark (%)

as of Dec 31, 2023

15.04 5.26 -1.80 -17.78 11.09
  1Y 3Y 5Y 10y Incept.
7.41 -4.37 -1.48 - 0.10
Benchmark (%) 10.05 -2.39 0.58 - 2.21
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.60 0.58 3.82 4.99 7.41 -12.55 -7.20 - 0.80
Benchmark (%) -0.05 0.98 4.68 6.27 10.05 -7.00 2.94 - 18.82
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 USD.

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 Mar 27, 2024 USD 3,141,987,934
Share Class Inception Date Apr 13, 2016
Fund Inception Date May 28, 2013
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Benchmark Index JP Morgan EMBI Global Diversified Index
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.04%
ISIN LU1387770735
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 5000
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Emerging Markets Bond - EUR Biased
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGEGX2H
SEDOL BYZWYX9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 29, 2024 962
Standard Deviation (3y) as of Feb 29, 2024 10.52%
3y Beta as of Feb 29, 2024 0.972
Yield to Maturity as of Feb 29, 2024 7.03%
Modified Duration as of Feb 29, 2024 6.55 yrs
Yield to Worst as of Feb 29, 2024 7.02%
Effective Duration as of Feb 29, 2024 6.61 yrs
Weighted Avg Maturity as of Feb 29, 2024 11.05 yrs
WAL to Worst as of Feb 29, 2024 11.05 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 Mar 21, 2024 BB
MSCI ESG % Coverage as of Mar 21, 2024 92.18
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 3.79
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 16.28
Fund Lipper Global Classification as of Mar 21, 2024 Bond Emerging Markets Global HC
Funds in Peer Group as of Mar 21, 2024 430
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 983.70
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 13.82
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Nov 30, 2023. 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.

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 Feb 29, 2024 0.00%
MSCI - UN Global Compact Violators as of Feb 29, 2024 2.17%
MSCI - Nuclear Weapons as of Feb 29, 2024 0.00%
MSCI - Thermal Coal as of Feb 29, 2024 0.18%
MSCI - Civilian Firearms as of Feb 29, 2024 0.00%
MSCI - Oil Sands as of Feb 29, 2024 0.00%
MSCI - Tobacco as of Feb 29, 2024 0.00%

Business Involvement Coverage as of Feb 29, 2024 12.65%
Percentage of Fund not covered as of Feb 29, 2024 86.93%
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 0.75% and for Oil Sands 0.79%.

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

3 stars
Overall Morningstar Rating for iShares Emerging Markets Government Bond Index Fund (LU), Class X2 Hedged, as of Feb 29, 2024 rated against 896 Global Emerging Markets Bond - EUR Biased Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Mar 26, 2024)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.64
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.57
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.53
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.49
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.47
Name Weight (%)
QATAR (STATE OF) RegS 5.103 04/23/2048 0.43
QATAR (STATE OF) RegS 4.817 03/14/2049 0.42
POLAND (REPUBLIC OF) 5.5 04/04/2053 0.38
KAZAKHSTAN (REPUBLIC OF) MTN RegS 5.125 07/21/2025 0.37
POLAND (REPUBLIC OF) 4.875 10/04/2033 0.37
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 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
X2 Hgd EUR Accumulating 102.91 0.13 0.13 Mar 27, 2024 102.91 90.65 LU1387770735
D2 USD - 111.87 0.17 0.15 Mar 27, 2024 111.87 97.79 LU1811365029
N2 EUR - 103.57 0.41 0.40 Mar 27, 2024 103.57 97.99 LU2723594235
X2 USD Accumulating 137.75 0.21 0.15 Mar 27, 2024 137.75 120.30 LU0826455437
N7 EUR Semi-Annual 96.85 0.38 0.39 Mar 27, 2024 96.85 86.35 LU0916237901
I2 Hgd GBP Accumulating 108.48 0.16 0.15 Mar 27, 2024 108.48 95.14 LU1400680390
D2 EUR - 122.75 0.49 0.40 Mar 27, 2024 122.75 108.03 LU1811365292
A2 Hgd EUR Accumulating 98.93 0.13 0.13 Mar 27, 2024 98.93 87.32 LU1373035580
F2 USD Accumulating 110.36 0.17 0.15 Mar 27, 2024 110.36 96.47 LU1640626278
A2 USD Accumulating 130.76 0.20 0.15 Mar 27, 2024 130.76 114.42 LU0836513696
X2 Hgd SEK Accumulating 969.36 1.34 0.14 Mar 27, 2024 969.36 853.75 LU1499592894
X2 EUR Accumulating 125.86 0.50 0.40 Mar 27, 2024 125.86 110.61 LU1435395394
Class I7 USD Semi-Annual 87.66 0.13 0.15 Mar 27, 2024 87.66 76.62 LU1333800438
I2 USD Accumulating 131.72 0.20 0.15 Mar 27, 2024 131.72 115.13 LU1064902957
I2 Hgd EUR Accumulating 101.17 0.14 0.14 Mar 27, 2024 101.17 89.23 LU1373035663
Class X7 USD Semi-Annual 82.03 0.13 0.16 Mar 27, 2024 82.03 71.63 LU2087589268

Portfolio Managers

Portfolio Managers

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

Literature

Literature