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

View full chart

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 14.80 5.15 -2.03 -17.03 10.91
Benchmark (%) 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
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of Jun 30, 2024

0.27 7.36 -20.76 7.28 9.61
Benchmark (%)

as of Jun 30, 2024

0.49 7.53 -21.22 7.39 9.23
  1Y 3Y 5Y 10y Incept.
9.61 -2.33 0.06 - 1.96
Benchmark (%) 9.23 -2.60 -0.03 - 1.69
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
2.51 0.89 0.55 2.51 9.61 -6.82 0.30 - 12.64
Benchmark (%) 2.34 0.62 0.30 2.34 9.23 -7.59 -0.14 - 10.86
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 USD, 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 Jul 18, 2024
USD 3,030,287,045
Fund Inception Date
May 28, 2013
Base Currency
USD
Benchmark Index
JP Morgan EMBI Global Diversified Index (USD)
Initial Charge
5.00%
ISIN
LU1811365029
Performance Fee
-
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGMGD2U
Share Class Inception Date
May 9, 2018
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charge
0.27%
Annual Management Fee
0.20%
Minimum Initial Investment
USD 100000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFNBJ18

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 28, 2024
972
3y Beta
as of Jun 30, 2024
0.981
Modified Duration
as of Jun 28, 2024
6.48 yrs
Effective Duration
as of Jun 28, 2024
6.53 yrs
WAL to Worst
as of Jun 28, 2024
10.91 yrs
Standard Deviation (3y)
as of Jun 30, 2024
10.67%
Yield to Maturity
as of Jun 28, 2024
7.15%
Yield to Worst
as of Jun 28, 2024
7.14%
Weighted Avg Maturity
as of Jun 28, 2024
10.91 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 Jun 21, 2024
BB
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
3.80
Fund Lipper Global Classification
as of Jun 21, 2024
Bond Emerging Markets Global HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Jun 21, 2024
964.05
MSCI ESG % Coverage
as of Jun 21, 2024
94.38
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
18.50
Funds in Peer Group
as of Jun 21, 2024
427
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
13.94
All data is from MSCI ESG Fund Ratings as of Jun 21, 2024, based on holdings as of Feb 29, 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.

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 Jun 28, 2024
0.00%
MSCI - Nuclear Weapons
as of Jun 28, 2024
0.00%
MSCI - Civilian Firearms
as of Jun 28, 2024
0.00%
MSCI - Tobacco
as of Jun 28, 2024
0.00%
MSCI - UN Global Compact Violators
as of Jun 28, 2024
2.28%
MSCI - Thermal Coal
as of Jun 28, 2024
0.15%
MSCI - Oil Sands
as of Jun 28, 2024
0.00%

Business Involvement Coverage
as of Jun 28, 2024
12.41%
Percentage of Fund not covered
as of Jun 28, 2024
87.78%
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 0.72% and for Oil Sands 0.82%.

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 D2, as of Jun 30, 2024 rated against 1507 Global Emerging Markets Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Mar 26, 2024)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.61
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.56
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.56
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.53
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.51
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.47
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.42
QATAR (STATE OF) RegS 5.103 04/23/2048 0.40
QATAR (STATE OF) RegS 4.817 03/14/2049 0.39
POLAND (REPUBLIC OF) 4.875 10/04/2033 0.36
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 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
D2 USD - 113.92 -0.10 -0.09 Jul 18, 2024 114.20 97.79 LU1811365029
N2 EUR - 104.56 0.17 0.16 Jul 18, 2024 105.84 97.99 LU2723594235
I2 USD Accumulating 134.15 -0.12 -0.09 Jul 18, 2024 134.48 115.13 LU1064902957
N7 EUR Semi-Annual 95.02 0.15 0.16 Jul 18, 2024 96.85 86.35 LU0916237901
X2 USD Accumulating 140.39 -0.11 -0.08 Jul 18, 2024 140.73 120.30 LU0826455437
I2 Hgd GBP Accumulating 110.31 -0.09 -0.08 Jul 18, 2024 110.58 95.14 LU1400680390
X2 Hgd SEK Accumulating 981.40 -0.96 -0.10 Jul 18, 2024 984.04 853.75 LU1499592894
X2 Hgd EUR Accumulating 104.31 -0.10 -0.10 Jul 18, 2024 104.59 90.65 LU1387770735
X2 EUR Accumulating 127.13 0.21 0.17 Jul 18, 2024 128.67 112.09 LU1435395394
Class I7 USD Semi-Annual 86.77 -0.07 -0.08 Jul 18, 2024 87.66 76.62 LU1333800438
F2 USD Accumulating 112.39 -0.09 -0.08 Jul 18, 2024 112.66 96.47 LU1640626278
I2 Hgd EUR Accumulating 102.47 -0.10 -0.10 Jul 18, 2024 102.75 89.23 LU1373035663
A2 Hgd EUR Accumulating 100.13 -0.09 -0.09 Jul 18, 2024 100.40 87.32 LU1373035580
A2 USD Accumulating 133.06 -0.11 -0.08 Jul 18, 2024 133.39 114.42 LU0836513696
D2 EUR - 123.90 0.21 0.17 Jul 18, 2024 125.42 109.42 LU1811365292
Class X7 USD Semi-Annual 81.16 -0.07 -0.09 Jul 18, 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