Fixed Income

iShares Emerging Markets Local 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. Fixed income securities issued or guaranteed by government entities in emerging markets generally experience higher ‘Credit Risk’ than developed economies. 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. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment.

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

  2019 2020 2021 2022 2023
Total Return (%) -8.24 -0.67 5.64
Benchmark (%) -7.91 -0.56 6.34

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

- - -4.17 5.00 2.21
Benchmark (%)

as of Mar 31, 2024

- - -4.15 5.72 2.68
  1Y 3Y 5Y 10y Incept.
1.93 -0.07 - - -
Benchmark (%) 2.30 0.30 - - -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-2.64 -0.13 -1.34 0.15 1.93 -0.22 - - -
Benchmark (%) -2.54 -0.07 -1.23 -0.11 2.30 0.91 - - -
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 GBP, 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
GBP 865,059,361
Share Class Inception Date
Jun 18, 2020
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charge
0.30%
Annual Management Fee
0.20%
Minimum Initial Investment
GBP 500000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
Net Assets of Fund
as of Jun 18, 2024
USD 1,375,549,586
Fund Inception Date
May 4, 2018
Base Currency
USD
Benchmark Index
JP Morgan GBI-EM Global Diversified Index in GBP
Initial Charge
0.00%
ISIN
IE00BM9G6X72
Performance Fee
0.00%
Minimum Subsequent Investment
GBP 5000
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
SEDOL
BM9G6X7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of May 31, 2024
292
3y Beta
as of May 31, 2024
1.014
Modified Duration
as of May 31, 2024
4.96 yrs
Effective Duration
as of May 31, 2024
4.97 yrs
WAL to Worst
as of May 31, 2024
7.19 yrs
Standard Deviation (3y)
as of May 31, 2024
6.65%
Yield to Maturity
as of May 31, 2024
7.05%
Yield to Worst
as of May 31, 2024
7.05%
Weighted Avg Maturity
as of May 31, 2024
7.19 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
BBB
MSCI ESG Quality Score (0-10)
as of May 19, 2024
4.61
Fund Lipper Global Classification
as of May 19, 2024
Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of May 19, 2024
99.72
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
50.76
Funds in Peer Group
as of May 19, 2024
264
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
0.00
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.

Ratings

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 (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2026 1.56
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2026 1.44
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.40
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.31
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.24
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 10 01/01/2029 1.19
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.14
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.08
MEXICO (UNITED MEXICAN STATES) (GO 7.75 05/29/2031 1.05
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 1.05
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 Acc GBP 9.27 0.05 0.53 Jun 18, 2024 9.60 9.04 IE00BM9G6X72
Class Inst Acc USD 9.77 0.06 0.61 Jun 18, 2024 10.17 9.15 IE000OZZKBN3
Class D Dist GBP 7.81 0.04 0.53 Jun 18, 2024 8.29 7.70 IE00BKFVZC40
Flexible Dist GBP 9.63 0.05 0.53 Jun 18, 2024 10.22 9.49 IE000A8DUDZ3
Class Flexible Acc EUR 10.49 0.04 0.40 Jun 18, 2024 10.67 10.01 IE00BD9H4D36
Class D Acc EUR 10.75 0.04 0.40 Jun 18, 2024 10.93 10.26 IE000HDKMJN5
Class D Acc USD 9.37 0.06 0.61 Jun 18, 2024 9.74 8.77 IE00BF2N5W82

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature