Fixed Income

iShares Global Aggregate 1-5 Year Bond Index Fund (IE)

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

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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 (%) 1.21 1.64 -1.68 -6.73 2.86
Benchmark (%) 3.18 6.26 -3.37 -9.36 4.81

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

1.13 0.40 -3.92 -3.05 1.83
Benchmark (%)

as of Mar 31, 2024

2.13 4.44 -4.92 -4.11 1.31
  1Y 3Y 5Y 10y Incept.
1.76 -1.77 -0.83 - -0.50
Benchmark (%) 2.39 -3.26 -0.41 - -0.19
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.13 0.50 0.24 1.13 1.76 -5.23 -4.08 - -2.97
Benchmark (%) -1.63 1.14 0.10 0.79 2.39 -9.46 -2.05 - -1.12
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
as of Jun 18, 2024
EUR 149,701,098
Share Class Inception Date
Jun 12, 2018
Share Class Currency
EUR
Asset Class
Fixed Income
Index Ticker
I31413US
Initial Charge
0.00%
ISIN
IE00BFX1VK15
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 5000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
ISAIEHD
Net Assets of Fund
as of Jun 18, 2024
USD 1,283,783,918
Fund Inception Date
Dec 14, 2017
Base Currency
USD
Benchmark Index
BBG Global Aggregate 1-5 Year Index (USD)
SFDR Classification
Other
Ongoing Charge
0.22%
Annual Management Fee
0.19%
Minimum Initial Investment
EUR 500000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFX1VK1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
3333
Standard Deviation (3y)
as of May 31, 2024
2.51%
Yield to Maturity
as of May 31, 2024
3.93%
Yield to Worst
as of May 31, 2024
3.91%
Weighted Avg Maturity
as of May 31, 2024
2.92 yrs
12m Trailing Yield
as of May 31, 2024
1.84%
3y Beta
as of May 31, 2024
0.369
Modified Duration
as of May 31, 2024
2.72 yrs
Effective Duration
as of May 31, 2024
2.71 yrs
WAL to Worst
as of May 31, 2024
2.92 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
6.17
Fund Lipper Global Classification
as of May 19, 2024
Bond Global USD
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of May 19, 2024
86.21
MSCI ESG % Coverage
as of May 19, 2024
93.58
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
46.29
Funds in Peer Group
as of May 19, 2024
445
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
36.62
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.

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 May 31, 2024
0.11%
MSCI - Nuclear Weapons
as of May 31, 2024
0.07%
MSCI - Civilian Firearms
as of May 31, 2024
0.00%
MSCI - Tobacco
as of May 31, 2024
0.18%
MSCI - UN Global Compact Violators
as of May 31, 2024
0.01%
MSCI - Thermal Coal
as of May 31, 2024
0.05%
MSCI - Oil Sands
as of May 31, 2024
0.04%

Business Involvement Coverage
as of May 31, 2024
35.31%
Percentage of Fund not covered
as of May 31, 2024
64.69%
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 0.12% and for Oil Sands 0.31%.

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 Global Aggregate 1-5 Year Bond Index Fund (IE), Class Inst Hedged Dist, as of May 31, 2024 rated against 612 Global Bond - EUR Hedged 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 Apr 30, 2024)

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.46 02/15/2026 1.15
TREASURY NOTE 1.875 07/31/2026 0.87
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.44 10/15/2027 0.84
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.64 01/15/2028 0.81
TREASURY NOTE 4.625 02/28/2026 0.66
Name Weight (%)
TREASURY NOTE 3.875 01/15/2026 0.65
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.37 01/20/2027 0.62
AGRICULTURAL DEVELOPMENT BANK OF C 3.63 07/19/2026 0.56
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.5 07/25/2027 0.54
JAPAN (GOVERNMENT OF) 10YR #343 0.1 06/20/2026 0.52
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
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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class Inst Hedged Dist EUR 8.90 0.01 0.10 Jun 18, 2024 8.96 8.70 IE00BFX1VK15
D Accumulating SGD Hedged SGD 10.33 0.01 0.10 Jun 18, 2024 10.33 10.00 IE0002E5D123
Class D Hedged CHF 8.88 0.01 0.09 Jun 18, 2024 9.04 8.82 IE000BY61XI5
Inst Hedged CHF 8.53 0.01 0.09 Jun 18, 2024 8.70 8.47 IE00BFYB7576
Inst USD 9.73 0.02 0.19 Jun 18, 2024 9.88 9.29 IE00BL6VHF72
Class D Hedged GBP 9.40 0.01 0.11 Jun 18, 2024 9.41 9.12 IE00BF2MW577
D USD 8.85 0.02 0.19 Jun 18, 2024 9.08 8.55 IE00BF2MW353
Class Inst Hedged Dist GBP 9.52 0.01 0.11 Jun 18, 2024 9.52 9.22 IE00BFX1VJ00
Class D Hedged EUR 8.78 0.01 0.10 Jun 18, 2024 8.84 8.59 IE00BF2MW684
Class D Accumulating SGD SGD 10.13 0.01 0.08 Jun 18, 2024 10.14 9.80 IE000AFPWN34
Class D Hedged USD 10.09 0.01 0.11 Jun 18, 2024 10.09 9.61 IE0007SUF6S0
Class D Hedged EUR 9.54 0.01 0.10 Jun 18, 2024 9.54 9.24 IE00BMZ3NN11
Class D Hedged USD 9.95 0.01 0.11 Jun 18, 2024 9.95 9.62 IE00BF2MW460
Inst Hedged USD 9.93 0.01 0.11 Jun 18, 2024 9.93 9.60 IE00BF2MW791

Portfolio Managers

Portfolio Managers

Tristan Hockin
Tristan Hockin
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature