Fixed Income

iShares Ultra High Quality Euro 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.

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

Chart

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 3 years.

  2019 2020 2021 2022 2023
Total Return (%) -2.7 -18.2 5.9
Benchmark (%) -2.8 -18.4 5.8

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 31-Mar-2024

- -1.47 -5.46 -11.93 2.35
Benchmark (%)

as of 31-Mar-2024

- -1.48 -5.57 -12.14 2.25
  1y 3y 5y 10y Incept.
2.35 -5.20 - - -4.41
Benchmark (%) 2.25 -5.33 - - -4.51
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.43 1.01 -1.43 5.20 2.35 -14.79 - - -16.65
Benchmark (%) -1.44 1.00 -1.44 5.16 2.25 -15.16 - - -16.98

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. 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 22-Apr-2024 EUR 784
Net Assets of Fund as of 22-Apr-2024 EUR 218’326’441.82
Share Class launch date 17-Mar-2020
Fund Launch Date 01-Jul-2011
Share Class Currency EUR
Base Currency EUR
Asset Class Fixed Income
Benchmark Index Markit iBoxx Eurozone AAA Index (EUR)
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.03%
ISIN IE00BKPX8H66
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment EUR 500’000.00
Minimum Subsequent Investment EUR 5’000.00
Use of Income Distributing
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category EUR Government Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker UHQEGBTTL
SEDOL BKPX8H6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Mar-2024 97
12 Month Trailing Dividend Distribution Yield as of 31-Mar-2024 1.38
Standard Deviation (3y) as of 31-Mar-2024 7.75%
3y Beta as of 31-Mar-2024 1.00
Yield to Maturity as of 28-Mar-2024 2.50%
Modified Duration as of 28-Mar-2024 7.53
Weighted Avg YTM as of 28-Mar-2024 2.50%
Effective Duration as of 28-Mar-2024 7.63 yrs
Weighted Avg Maturity as of 28-Mar-2024 8.80 yrs
WAL to Worst as of 28-Mar-2024 8.80 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 21-Apr-2024 AA
MSCI ESG % Coverage as of 21-Apr-2024 100.00
MSCI ESG Quality Score (0-10) as of 21-Apr-2024 7.51
MSCI ESG Quality Score - Peer Percentile as of 21-Apr-2024 94.12
Fund Lipper Global Classification as of 21-Apr-2024 Bond EMU Government
Funds in Peer Group as of 21-Apr-2024 153
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Apr-2024 0.00
All data is from MSCI ESG Fund Ratings as of 21-Apr-2024, based on holdings as of 31-Dec-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.

 

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31-Dec-2023)

Portfolio Managers

Portfolio Managers

Samia Zhaibet
Samia Zhaibet
Francis Rayner
Francis Rayner
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Holdings

Holdings

as of 28-Mar-2024
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 2.3 02/15/2033 2.63
GERMANY (FEDERAL REPUBLIC OF) 0 10/10/2025 2.48
GERMANY (FEDERAL REPUBLIC OF) 0.5 02/15/2026 2.30
GERMANY (FEDERAL REPUBLIC OF) 0 08/15/2030 2.20
GERMANY (FEDERAL REPUBLIC OF) 1.3 10/15/2027 2.09
Name Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 0.5 08/15/2027 2.01
BUNDESREPUBLIK DEUTSCHLAND 4 01/04/2037 1.95
GERMANY (FEDERAL REPUBLIC OF) 2.5 08/15/2046 1.94
GERMANY (FEDERAL REPUBLIC OF) 4.75 07/04/2034 1.92
GERMANY (FEDERAL REPUBLIC OF) 2.5 07/04/2044 1.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Mar-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-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
Flex EUR 7.84 0.01 0.12 22-Apr-2024 8.17 7.52 IE00BKPX8H66
Class D EUR 8.77 0.01 0.12 22-Apr-2024 9.08 8.36 IE00BDRK7H99
Inst EUR 10.85 0.01 0.12 22-Apr-2024 11.23 10.34 IE00B4XCK338
Flex EUR 11.10 0.01 0.12 22-Apr-2024 11.48 10.58 IE00B4Z7ZH51

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 3 years
Example Investment EUR 10’000
Scenario
If you exit after 1 year
If you exit after 3 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
8’180 EUR
-18.2%
7’290 EUR
-10.0%

Unfavourable

What you might get back after costs
Average return each year
8’180 EUR
-18.2%
7’880 EUR
-7.6%

Moderate

What you might get back after costs
Average return each year
10’050 EUR
0.5%
10’370 EUR
1.2%

Favourable

What you might get back after costs
Average return each year
11’190 EUR
11.9%
11’190 EUR
3.8%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature