Fixed Income

iShares Emerging Markets 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. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Changes to interest rates, credit risk and/or issuer defaults will have a significant impact on the performance of fixed income securities. Noninvestment grade fixed income securities can be more sensitive to changes in these risks than higher rated fixed income securities. Potential or actual credit rating downgrades may increase the level of perceived risk. Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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  2017 2018 2019 2020 2021
Total Return (%) 3.25 -2.96
Benchmark (%) 5.26 -1.80
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

- - -0.87 3.02 -25.59
Benchmark (%)

as of Sep 30, 2022

- - 1.29 4.36 -24.28
  1Y 3Y 5Y 10y Incept.
-25.54 -8.74 - - -8.10
Benchmark (%) -24.19 -7.19 - - -6.49
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-24.96 -0.01 -7.90 -11.86 -25.54 -23.99 - - -23.98
Benchmark (%) -23.83 0.15 -7.11 -10.34 -24.19 -20.06 - - -19.57
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.

Key Facts

Key Facts

Net Assets as of Nov 23, 2022 EUR 32,530,696
Net Assets of Fund as of Nov 23, 2022 USD 1,863,704,144
Share Class Inception Date Aug 2, 2019
Fund Inception Date May 4, 2018
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Benchmark Index -
Index Ticker -
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.25%
Annual Management Fee 0.22%
Performance Fee 0.00%
Minimum Initial Investment EUR 500000
Minimum Subsequent Investment EUR 5000
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Emerging Markets Bond - EUR Biased
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BIEIEHA
ISIN IE00BJ9MTQ85
SEDOL BJ9MTQ8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Oct 31, 2022 918
Standard Deviation (3y) as of Oct 31, 2022 12.89%
3y Beta as of Oct 31, 2022 1.008
Yield to Maturity as of Oct 31, 2022 8.34%
Modified Duration as of Oct 31, 2022 6.46 yrs
Yield to Worst as of Oct 31, 2022 8.33%
Effective Duration as of Oct 31, 2022 6.58 yrs
Weighted Avg Maturity as of Oct 31, 2022 11.45 yrs
WAL to Worst as of Oct 31, 2022 11.45 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 Sep 21, 2022 BB
MSCI ESG % Coverage as of Sep 21, 2022 92.93
MSCI ESG Quality Score (0-10) as of Sep 21, 2022 3.17
MSCI ESG Quality Score - Peer Percentile as of Sep 21, 2022 32.77
Fund Lipper Global Classification as of Sep 21, 2022 Bond Emerging Markets Global HC
Funds in Peer Group as of Sep 21, 2022 415
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Sep 21, 2022 1,523.09
MSCI Weighted Average Carbon Intensity % Coverage as of Sep 21, 2022 13.37
All data is from MSCI ESG Fund Ratings as of Sep 21, 2022, based on holdings as of May 31, 2022. 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% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

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 Oct 31, 2022 0.00%
MSCI - UN Global Compact Violators as of Oct 31, 2022 2.44%
MSCI - Nuclear Weapons as of Oct 31, 2022 0.00%
MSCI - Thermal Coal as of Oct 31, 2022 0.17%
MSCI - Civilian Firearms as of Oct 31, 2022 0.00%
MSCI - Oil Sands as of Oct 31, 2022 0.00%
MSCI - Tobacco as of Oct 31, 2022 0.00%

Business Involvement Coverage as of Oct 31, 2022 13.17%
Percentage of Fund not covered as of Oct 31, 2022 86.83%
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 0.63% and for Oil Sands 1.19%.

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 (IE), Inst Hedged Acc, as of Oct 31, 2022 rated against 807 Global Emerging Markets Bond - EUR Biased Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 31, 2022
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.77
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.64
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 2.5 07/31/2035 0.56
QATAR (STATE OF) RegS 5.103 04/23/2048 0.47
KAZAKHSTAN (REPUBLIC OF) MTN RegS 5.125 07/21/2025 0.46
Name Weight (%)
QATAR (STATE OF) RegS 4.817 03/14/2049 0.45
BRAZIL FEDERATIVE REPUBLIC OF (GO 4.25 01/07/2025 0.45
URUGUAY (ORIENTAL REPUBLIC OF) 4.375 01/23/2031 0.42
URUGUAY (ORIENTAL REPUBLIC OF) 4.975 04/20/2055 0.41
PETRONAS CAPITAL LTD MTN RegS 4.55 04/21/2050 0.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2022

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2022

% 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 TIS
Inst Hedged Acc EUR - 8.03 0.05 0.60 Nov 23, 2022 10.16 7.37 IE00BJ9MTQ85 -
Flex Hedged Acc EUR - 8.79 0.06 0.64 Nov 23, 2022 11.09 8.06 IE00BD9H4C29 -
Class D Acc USD - 9.70 0.06 0.66 Nov 23, 2022 11.93 8.86 IE00BF2N5T53 -
Class D Dist Hedged GBP - 7.33 0.04 0.61 Nov 23, 2022 9.66 6.71 IE00BKFVZB33 -
Inst Acc USD - 9.57 0.06 0.66 Nov 23, 2022 11.77 8.74 IE00BZ1NTF08 -
Class D Accumulating SGD SGD - 9.85 0.06 0.61 Nov 23, 2022 10.08 9.30 IE000239FXR9 -

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature