Fixed Income

IGIL

iShares Global Inflation Linked Govt Bond UCITS ETF

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

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

Chart

Performance chart data not available for display.
View full chart

Reinvestments

This product does not have any distributions data as of now.
  From
30.Sep.2015
To
30.Sep.2016
From
30.Sep.2016
To
30.Sep.2017
From
30.Sep.2017
To
30.Sep.2018
From
30.Sep.2018
To
30.Sep.2019
From
30.Sep.2019
To
30.Sep.2020
Total Return (%)

as of 30-Sep-2020

7.14 -0.28 -0.74 7.07 7.44
Benchmark (%)

as of 30-Sep-2020

7.31 -0.08 -0.54 7.31 7.68
  1y 3y 5y 10y Incept.
10.74 4.80 4.67 3.67 3.01
Benchmark (%)

as of 30-Nov-2020

10.99 5.03 4.89 3.89 3.25
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
10.05 2.48 1.20 7.39 10.74 15.11 25.65 43.39 44.17
Benchmark (%)

as of 30-Nov-2020

10.28 2.50 1.26 7.52 10.99 15.87 26.94 46.48 48.27
  2015 2016 2017 2018 2019
Total Return (%) -4.86 3.84 8.30 -4.27 7.97
Benchmark (%) -4.70 4.02 8.51 -4.07 8.21

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, 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. 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 02-Dec-2020 USD 837,735,593
Base Currency USD
Share Class launch date 01-Aug-2008
Asset Class Fixed Income
Total Expense Ratio 0.25%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Yes
Benchmark Index Bloomberg Barclays World Government Inflation-Linked Bond Index
Distribution Frequency None
Securities Lending Return as of 30-Sep-2020 0.01 %
Rebalance Frequency Monthly
ISIN IE00B3B8PX14
Valor 4471783
Bloomberg Ticker IGIL SW
Issuing Company iShares III plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian SSB-STATE STREET DUBLIN
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 02-Dec-2020 4,630,121
Number of Holdings as of 02-Dec-2020 141
Benchmark Level as of 03-Dec-2020 USD 379.51
Benchmark Ticker BCIW1A
Distribution Yield as of - -
Weighted Avg YTM as of 02-Dec-2020 0.52%
Weighted Avg Coupon as of 02-Dec-2020 0.87%
Flat Yield as of 19-Feb-2015 0.96%
Fiscal Year End 30 June
Effective Duration as of 02-Dec-2020 12.27
Weighted Avg Maturity as of 02-Dec-2020 12.97 Jahre
Standard Deviation (3y) as of 30-Nov-2020 6.05%
Real Yield as of 02-Dec-2020 -1.37%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 01-Nov-2020 A
MSCI ESG Quality Score (0-10) as of 01-Nov-2020 6.26
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-2020 17.11
MSCI ESG % Coverage as of 01-Nov-2020 100.00
Fund Lipper Global Classification as of 01-Nov-2020 Bond USD Inflation Linked
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
Funds in Peer Group as of 01-Nov-2020 76
All data is from MSCI ESG Fund Ratings as of 01-Nov-2020, based on holdings as of 31-Aug-2020. 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 covered 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.

 

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 02-Dec-2020
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 02-Dec-2020
Issuer Weight (%)
UNITED STATES TREASURY 45.11
UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (GOVERNMENT) 29.13
FRANCE (REPUBLIC OF) 8.27
ITALY (REPUBLIC OF) 5.63
JAPAN (GOVERNMENT OF) 2.89
Issuer Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.53
SPAIN (KINGDOM OF) 2.02
CANADA (GOVERNMENT OF) 1.76
AUSTRALIA (COMMONWEALTH OF) 1.02
SWEDEN (KINGDOM OF) 0.63
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 02-Dec-2020

% 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 02-Dec-2020

% of Market Value

Type Fund
as of 02-Dec-2020

% of Market Value

Type Fund
as of 02-Dec-2020

% 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.

  From
30.Sep.2019
To
30.Sep.2020
From
30.Sep.2018
To
30.Sep.2019
From
30.Sep.2017
To
30.Sep.2018
From
30.Sep.2016
To
30.Sep.2017
From
30.Sep.2015
To
30.Sep.2016
Securities Lending Return (%) 0.01 0.03 0.05 0.07 0.08
Average on-loan (% of AUM) 15.29 20.43 36.45 42.77 42.97
Maximum on-loan (% of AUM) 23.11 28.15 43.43 51.65 47.69
Collateralisation (% of Loan) 106.92 109.65 109.87 109.95 109.08
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 02-Dec-2020
Name Ticker ISIN SEDOL Exchange Location Asset Class Weight %
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%

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

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange IGIL USD 01-Aug-2008 B3B8QD8 IGIL LN IGIL.L INAVGIU GIUSD=INAV IE00B3B8PX14 - 4471783 - -
Deutsche Boerse Xetra IUS5 EUR 17-Mar-2009 BVG2QW0 IUS5 GY IUS5.DE INAVGIE GIEUR=INAV IE00B3B8PX14 A0Q41X - - -
London Stock Exchange SGIL GBP 01-Aug-2008 B3B8PX1 SGIL LN SGIL.L INAVGIG GIGBP=INAV IE00B3B8PX14 - - - -
Bolsa Mexicana De Valores IGIL MXN 11-Aug-2017 - IGILN MM - - - IE00B3B8PX14 - - - -
SIX Swiss Exchange IGIL USD 05-Jul-2011 B424JD3 IGIL SW IGIL.S INAVGIU GIUSD=INAV IE00B3B8PX14 - 4471783 - -

Literature

Literature