Fixed Income

iShares World ex-Euro Government 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

View full chart

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 3.30 4.04 -3.12 -13.36 2.20
Benchmark (%) 6.40 7.63 -5.22 -15.81 2.94

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

6.59 -4.56 -4.39 -6.35 -1.48
Benchmark (%)

as of Mar 31, 2024

8.01 -1.89 -5.89 -7.55 -2.46
  1Y 3Y 5Y 10y Incept.
-1.99 -4.73 -2.63 - -1.62
Benchmark (%) -2.34 -6.39 -2.76 - -1.40
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-2.44 0.52 -1.07 0.09 -1.99 -13.52 -12.49 - -8.61
Benchmark (%) -3.97 0.95 -1.49 -0.20 -2.34 -17.97 -13.06 - -7.52
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 24, 2024
EUR 35,896,839
Share Class Inception Date
Nov 19, 2018
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charge
0.17%
Annual Management Fee
0.14%
Minimum Initial Investment
EUR 500000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Bond - EUR Hedged
Dealing Frequency
Daily, forward pricing basis
SEDOL
BGR7K83
Net Assets of Fund
as of Jun 24, 2024
USD 1,039,435,903
Fund Inception Date
Nov 2, 2018
Base Currency
USD
Benchmark Index
FTSE World Government Bond Index (ex-EMU Government Bonds) (USD)
Initial Charge
-
ISIN
IE00BGR7K831
Performance Fee
-
Minimum Subsequent Investment
EUR 5000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
765
3y Beta
as of May 31, 2024
0.647
Modified Duration
as of May 31, 2024
6.96 yrs
Effective Duration
as of May 31, 2024
6.94 yrs
WAL to Worst
as of May 31, 2024
8.85 yrs
Standard Deviation (3y)
as of May 31, 2024
5.28%
Yield to Maturity
as of May 31, 2024
3.99%
Yield to Worst
as of May 31, 2024
3.99%
Weighted Avg Maturity
as of May 31, 2024
8.85 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
A
MSCI ESG Quality Score (0-10)
as of Jun 21, 2024
5.84
Fund Lipper Global Classification
as of Jun 21, 2024
Bond USD Government
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of Jun 21, 2024
100.00
MSCI ESG Quality Score - Peer Percentile
as of Jun 21, 2024
11.52
Funds in Peer Group
as of Jun 21, 2024
165
MSCI Weighted Average Carbon Intensity % Coverage
as of Jun 21, 2024
0.00
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.

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze 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 2.62 09/25/2029 1.31
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.37 01/20/2027 1.06
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.44 10/15/2027 0.95
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.18 08/25/2025 0.90
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.46 02/15/2026 0.81
Name Weight (%)
TREASURY NOTE 4.125 11/15/2032 0.78
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.69 08/15/2032 0.73
TREASURY NOTE 1.5 01/31/2027 0.73
TREASURY NOTE 1.125 02/15/2031 0.63
TREASURY NOTE 3.875 08/15/2033 0.62
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
Inst Hedged Acc EUR 9.27 0.01 0.09 Jun 24, 2024 9.40 8.85 IE00BGR7K831
Inst USD 13.01 0.02 0.16 Jun 24, 2024 13.44 12.36 IE00B1W4R493
Class Flexible Hedged CHF 10.25 0.01 0.08 Jun 24, 2024 10.52 10.00 IE000XJ730F3
Class Flexible Acc Hedged EUR 8.55 0.01 0.09 Jun 24, 2024 8.65 8.13 IE00BMY53838
Class Flexible Hedged SGD 10.05 0.01 0.09 Jun 24, 2024 10.19 9.58 IE0007DDUVE7
D USD 9.22 0.01 0.16 Jun 24, 2024 9.53 8.76 IE00BD0NC581
Flex USD 19.16 0.03 0.16 Jun 24, 2024 19.78 18.18 IE0005033380
Class Flexible Acc Hedged USD 10.09 0.01 0.10 Jun 24, 2024 10.13 9.48 IE0001JCX718
Class D Acc EUR 10.88 -0.03 -0.29 Jun 24, 2024 10.94 10.31 IE00BDZRS805
Inst EUR 9.49 -0.03 -0.29 Jun 24, 2024 9.60 9.15 IE00BJK0X817
Class Flex Hedged Dist GBP 8.78 -0.01 -0.06 Nov 13, 2023 9.25 8.62 IE00BD5D0B54
Flex USD 7.69 0.01 0.16 Jun 24, 2024 8.04 7.39 IE00BYQQ0X26

Portfolio Managers

Portfolio Managers

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

Literature

Literature