Fixed Income

IEGE

iShares € Govt Bond 0-1yr UCITS ETF

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. Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.

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
Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Distributions

Record Date Ex-Date Payable Date
View full table

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 0.18 -0.19 -0.41 -0.75 -0.63 -0.57 -0.57 -0.75 -0.96 2.74
Benchmark (%) 0.41 0.03 -0.19 -0.52 -0.41 -0.34 -0.34 -0.52 -0.75 2.80
  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

-0.57 -0.57 -0.75 -0.96 2.74
Benchmark (%)

as of Dec 31, 2023

-0.34 -0.34 -0.52 -0.75 2.80
  1Y 3Y 5Y 10y Incept.
3.06 0.54 0.08 -0.16 0.18
Benchmark (%) 3.07 0.68 0.26 0.05 -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
0.45 0.22 0.81 1.64 3.06 1.62 0.41 -1.55 2.70
Benchmark (%) 0.43 0.20 0.81 1.66 3.07 2.06 1.33 0.46 -
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. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

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 Mar 27, 2024 EUR 599,757,574
Net Assets of Fund as of Mar 27, 2024 EUR 613,203,440
Inception Date Mar 6, 2009
Fund Inception Date Mar 6, 2009
Share Class Currency EUR
Base Currency EUR
Asset Class Fixed Income
Benchmark Index Bloomberg Euro Short Treasury (0-12 Months) Bond Index
SFDR Classification Other
Shares Outstanding as of Mar 27, 2024 6,064,031
Total Expense Ratio 0.07%
ISIN IE00B3FH7618
Distribution Frequency Semi-Annual
Use of Income Distributing
Securities Lending Return as of Dec 31, 2023 0.03%
Domicile Ireland
Product Structure Physical
Rebalance Freq Monthly
Methodology Sampled
UCITS Compliant Yes
Issuing Company iShares III plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Fiscal Year End Jun 30, 2024
Bloomberg Ticker IEGE NA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 27, 2024 24
Benchmark Level as of Mar 27, 2024 EUR 124.26
Benchmark Ticker LA09TREU
12m Trailing Yield as of Mar 27, 2024 0.56%
Standard Deviation (3y) as of Feb 29, 2024 0.58%
3y Beta as of Feb 29, 2024 1.034
Average Yield to Maturity as of Mar 27, 2024 3.56%
Weighted Avg Coupon as of Mar 27, 2024 1.72%
Weighted Avg Maturity as of Mar 27, 2024 0.43 yrs
Effective Duration as of Mar 27, 2024 0.43 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 A
MSCI ESG % Coverage as of Mar 21, 2024 99.23
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 6.46
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 74.00
Fund Lipper Global Classification as of Mar 21, 2024 Bond EMU Government ST
Funds in Peer Group as of Mar 21, 2024 50
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 4.55
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 3.14
All data is from MSCI ESG Fund Ratings as of Mar 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.

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 27, 2024 0.00%
MSCI - UN Global Compact Violators as of Mar 27, 2024 0.00%
MSCI - Nuclear Weapons as of Mar 27, 2024 0.00%
MSCI - Thermal Coal as of Mar 27, 2024 0.00%
MSCI - Civilian Firearms as of Mar 27, 2024 0.00%
MSCI - Oil Sands as of Mar 27, 2024 0.00%
MSCI - Tobacco as of Mar 27, 2024 0.00%

Business Involvement Coverage as of Mar 27, 2024 2.21%
Percentage of Fund not covered as of Mar 27, 2024 97.79%
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 0.00% and for Oil Sands 0.00%.

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

Holdings

Holdings

as of Mar 27, 2024
Issuer Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 27.64
ITALY (REPUBLIC OF) 25.91
FRANCE (REPUBLIC OF) 16.07
SPAIN (KINGDOM OF) 13.87
BELGIUM KINGDOM OF (GOVERNMENT) 5.93
Issuer Weight (%)
NETHERLANDS (KINGDOM OF) 4.05
AUSTRIA (REPUBLIC OF) 2.52
FINLAND (REPUBLIC OF) 1.24
GREECE REPUBLIC OF (GOVERNMENT) 0.29
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of Mar 27, 2024

% of Market Value

Type Fund
as of Mar 27, 2024

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of Mar 27, 2024

% of Market Value

Type Fund
as of Mar 27, 2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

  Dec 31, 2013Dec 31, 2014 Dec 31, 2014Dec 31, 2015 Dec 31, 2015Dec 31, 2016 Dec 31, 2016Dec 31, 2017 Dec 31, 2017Dec 31, 2018 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
Securities Lending Return (%) 0.00 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.02 0.03
Average on-loan (% of AUM) 0.16 6.67 9.42 12.13 2.35 0.79 2.09 3.26 23.50 42.43
Maximum on-loan (% of AUM) 4.04 12.44 22.48 21.38 12.03 13.99 13.83 11.87 50.27 56.95
Collateralisation (% of Loan) 112.08 109.44 108.70 109.35 111.19 106.82 104.91 104.91 107.70 106.23
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of Mar 27, 2024
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Country
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.

The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Euronext Amsterdam IEGE EUR May 6, 2009 B4660D2 IEGE NA IEGE.AS
Bolsa Institucional de Valores IBGE MXN Apr 7, 2022 BNM4C15 IBGEN MM -
Berne Stock Exchange IEGE EUR Feb 2, 2021 BMT9SV8 IEGE BW IEGE.BN
Deutsche Boerse Xetra EUN6 EUR May 26, 2009 BYMJH78 EUN6 GY EUN6.DE
London Stock Exchange IBGE GBP Mar 9, 2009 B3FH794 IBGE LN IBGE.L
Borsa Italiana IEGE EUR Sep 29, 2009 B4K7321 IEGE IM IEGE.MI

Literature

Literature