Fixed Income

BlackRock Developed Markets Sovereign Screened Bond Fund

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

Performance chart data not available for display.
View full chart
  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

- 2.84 -3.98 -14.14 4.81
Constraint Benchmark 1 (%)

as of Dec 31, 2023

- 3.95 -3.32 -13.76 5.42
  1Y 3Y 5Y 10y Incept.
2.05 -4.69 - - -2.06
Constraint Benchmark 1 (%) 2.90 -4.14 - - -1.37
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.63 -0.63 5.31 3.10 2.05 -13.42 - - -9.58
Constraint Benchmark 1 (%) -0.48 -0.48 5.49 3.15 2.90 -11.92 - - -6.47
  2019 2020 2021 2022 2023
Total Return (%) - 2.84 -3.98 -14.14 4.81
Constraint Benchmark 1 (%) - 3.95 -3.32 -13.76 5.42

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

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 EUR.

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 Feb 20, 2024 EUR 89,465,306
Share Class Inception Date Mar 29, 2019
Fund Inception Date Dec 19, 2012
Share Class Currency EUR
Base Currency EUR
Asset Class Fixed Income
Constraint Benchmark 1 BBG 40% Global Tsy ex CCY; 30% EUR Tsy; 10% USD GBP JPY Tsy
SFDR Classification Other
Initial Charge -
Ongoing Charge 0.27%
ISIN IE00B8QBCK68
Annual Management Fee -
Performance Fee -
Minimum Initial Investment EUR 5000000
Minimum Subsequent Investment EUR 10000
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
SEDOL B8QBCK6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 31, 2024 483
Standard Deviation (3y) as of Jan 31, 2024 6.09%
3y Beta as of Jan 31, 2024 1.040
Yield to Maturity as of Jan 31, 2024 3.12%
Modified Duration as of Jan 31, 2024 7.51 yrs
Yield to Worst as of Jan 31, 2024 3.12%
Effective Duration as of Jan 31, 2024 7.53 yrs
Weighted Avg Maturity as of Jan 31, 2024 9.60 yrs
WAL to Worst as of Jan 31, 2024 9.60 yrs

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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 Dec 31, 2023)

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Jan 31, 2024
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.5 07/25/2027 2.04
GERMANY (FEDERAL REPUBLIC OF) 6.5 07/04/2027 1.71
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.45
AUSTRALIA (COMMONWEALTH OF) 0.25 11/21/2025 1.37
AUSTRALIA (COMMONWEALTH OF) 4.75 04/21/2027 1.05
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.69 08/12/2026 0.96
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 0.93
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.8 11/15/2032 0.92
CHINA PEOPLES REPUBLIC OF (GOVERNM 4.33 11/10/2061 0.84
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.32 04/15/2052 0.84
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2024

% of Market Value

Type Fund Benchmark Net
as of Jan 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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Inst EUR - 8.97 0.01 0.16 Feb 20, 2024 9.12 8.54 IE00B8QBCK68
Flex EUR Quarterly 9.25 -0.02 -0.19 Oct 11, 2021 9.92 9.25 IE00B8KNTT62
Flex EUR Accumulating 10.24 0.02 0.16 Feb 20, 2024 10.41 9.74 IE00B89WFM95

Portfolio Managers

Portfolio Managers

Sid Swaminathan
Sid Swaminathan
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature