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.

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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  2019 2020 2021 2022 2023
Total Return (%) 3.25 -2.96 -19.77 8.26
Benchmark (%) 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
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

- 14.29 -7.88 -10.25 8.86
Benchmark (%)

as of Mar 31, 2024

- 16.00 -7.44 -6.92 11.28
  1Y 3Y 5Y 10y Incept.
8.86 -3.45 - - -2.37
Benchmark (%) 11.28 -1.40 - - -0.34
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
1.64 2.03 1.64 10.31 8.86 -9.99 - - -10.56
Benchmark (%) 2.04 2.09 2.04 11.39 11.28 -4.13 - - -1.59
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 Apr 12, 2024 EUR 71,393,620
Net Assets of Fund as of Apr 12, 2024 USD 2,585,904,031
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 -
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charge 0.25%
ISIN IE00BJ9MTQ85
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
SEDOL BJ9MTQ8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 28, 2024 962
Standard Deviation (3y) as of Mar 31, 2024 10.77%
3y Beta as of Mar 31, 2024 0.991
Yield to Maturity as of Mar 28, 2024 6.82%
Modified Duration as of Mar 28, 2024 6.59 yrs
Yield to Worst as of Mar 28, 2024 6.81%
Effective Duration as of Mar 28, 2024 6.65 yrs
Weighted Avg Maturity as of Mar 28, 2024 11.07 yrs
WAL to Worst as of Mar 28, 2024 11.07 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 Mar 21, 2024 BB
MSCI ESG % Coverage as of Mar 21, 2024 92.15
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 3.81
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 19.77
Fund Lipper Global Classification as of Mar 21, 2024 Bond Emerging Markets Global HC
Funds in Peer Group as of Mar 21, 2024 430
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 943.24
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 14.37
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Nov 30, 2023. 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 Mar 28, 2024 0.00%
MSCI - UN Global Compact Violators as of Mar 28, 2024 2.14%
MSCI - Nuclear Weapons as of Mar 28, 2024 0.00%
MSCI - Thermal Coal as of Mar 28, 2024 0.14%
MSCI - Civilian Firearms as of Mar 28, 2024 0.00%
MSCI - Oil Sands as of Mar 28, 2024 0.00%
MSCI - Tobacco as of Mar 28, 2024 0.00%

Business Involvement Coverage as of Mar 28, 2024 12.25%
Percentage of Fund not covered as of Mar 28, 2024 87.75%
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 0.70% and for Oil Sands 0.80%.

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 Jan 31, 2023 rated against 826 Global Emerging Markets Bond - EUR Biased 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 Dec 31, 2023)

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Mar 28, 2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.62
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.58
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.57
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.53
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.51
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.47
QATAR (STATE OF) RegS 5.103 04/23/2048 0.44
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.42
QATAR (STATE OF) RegS 4.817 03/14/2049 0.40
POLAND (REPUBLIC OF) 5.5 04/04/2053 0.38
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Inst Hedged Acc EUR 8.82 -0.01 -0.07 Apr 12, 2024 8.94 7.89 IE00BJ9MTQ85
Class D Accumulating SGD SGD 11.07 0.05 0.43 Apr 12, 2024 11.12 9.83 IE000239FXR9
Class Flexible Acc USD 9.42 -0.01 -0.05 Apr 12, 2024 9.54 8.33 IE00BF2N5S47
Flexible Dist GBP 10.18 0.06 0.62 Apr 12, 2024 10.18 9.37 IE000AODOWS0
Flex Hedged Acc EUR 9.70 -0.01 -0.07 Apr 12, 2024 9.83 8.66 IE00BD9H4C29
Class D Dist Hedged GBP 7.60 0.00 -0.06 Apr 12, 2024 7.76 6.94 IE00BKFVZB33
Inst Acc GBP 9.87 0.06 0.62 Apr 12, 2024 9.87 8.79 IE00BLF0J488
Class D Acc USD 11.05 -0.01 -0.05 Apr 12, 2024 11.19 9.78 IE00BF2N5T53
Inst Acc USD 10.89 -0.01 -0.06 Apr 12, 2024 11.03 9.64 IE00BZ1NTF08
Flexible Dist Hedged GBP 10.13 -0.01 -0.06 Apr 12, 2024 10.34 9.24 IE000VN2TQC4
Flex USD 10.56 -0.01 -0.05 Apr 12, 2024 10.77 9.60 IE00BHZRKF90
Class D Acc Hedged EUR 9.97 -0.01 -0.07 Apr 12, 2024 10.11 9.95 IE0000J01ZR0

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson

Literature

Literature