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

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2019 2020 2021 2022 2023
Total Return (%) 8,2
Benchmark (%) 8,9

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30.Jun2024

- - - - 2,19
Benchmark (%)

as of 30.Jun2024

- - - - 2,48
  1y 3y 5y 10y Incept.
2,19 - - - 4,85
Benchmark (%) 2,48 - - - 5,34
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0,87 0,17 -0,92 -0,87 2,19 - - - 7,61
Benchmark (%) -0,76 0,20 -0,87 -0,76 2,48 - - - 8,40

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 18.Jul2024
EUR 34.977.957
Share Class launch date
12.Dec2022
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0,25%
Annual Management Fee
0,25%
Minimum Initial Investment
EUR 100.000,00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BP2BFR7
Net Assets of Fund
as of 18.Jul2024
USD 1.434.957.068
Fund Launch Date
04.May2018
Fund Base Currency
USD
Benchmark Index
JP Morgan GBI-EM Global Diversified Index in EUR
Initial Charge
0,00%
ISIN
IE000HDKMJN5
Performance Fee
0,00%
Minimum Subsequent Investment
EUR 5.000,00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BRKNDEA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun2024
302
3y Beta
as of -
-
Modified Duration
as of 28.Jun2024
5,04
Effective Duration
as of 28.Jun2024
5,04
WAL to Worst
as of 28.Jun2024
7,31
Standard Deviation (3y)
as of -
-
Yield to Maturity
as of 28.Jun2024
6,92%
Weighted Average YTM
as of 28.Jun2024
6,92%
Weighted Avg Maturity
as of 28.Jun2024
7,31

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.Jun2024
BBB
MSCI ESG Quality Score (0-10)
as of 21.Jun2024
4,61
Fund Lipper Global Classification
as of 21.Jun2024
Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of 21.Jun2024
99,74
MSCI ESG Quality Score - Peer Percentile
as of 21.Jun2024
48,46
Funds in Peer Group
as of 21.Jun2024
260
MSCI Weighted Average Carbon Intensity % Coverage
as of 21.Jun2024
0,00
All data is from MSCI ESG Fund Ratings as of 21.Jun2024, based on holdings as of 29.Feb2024. 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 Labeling

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 28.Jun2024
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2026 1,73
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2026 1,37
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1,33
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1,33
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1,25
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 10 01/01/2029 1,13
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1,13
MEXICO (UNITED MEXICAN STATES) (GO 5.5 03/04/2027 1,06
SOUTH AFRICA (REPUBLIC OF) 8.25 03/31/2032 1,06
SOUTH AFRICA (REPUBLIC OF) 8.875 02/28/2035 1,01
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% of Market Value

Type Fund Benchmark Net
as of 28.Jun2024

% 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
Class D Acc EUR 10,82 -0,03 -0,23 18.Jul2024 10,93 10,26 IE000HDKMJN5
Flexible Dist GBP 9,63 -0,01 -0,13 18.Jul2024 10,22 9,49 IE000A8DUDZ3
Class Inst Acc USD 10,00 -0,04 -0,38 18.Jul2024 10,17 9,15 IE000OZZKBN3
Class D Dist GBP 7,81 -0,01 -0,13 18.Jul2024 8,29 7,70 IE00BKFVZC40
Class D Acc USD 9,59 -0,04 -0,38 18.Jul2024 9,74 8,77 IE00BF2N5W82
Inst Acc GBP 9,27 -0,01 -0,13 18.Jul2024 9,60 9,04 IE00BM9G6X72
Class Flexible Acc EUR 10,56 -0,02 -0,23 18.Jul2024 10,67 10,01 IE00BD9H4D36

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

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
8.690 EUR
-13,1%
6.400 EUR
-13,8%

Unfavourable

What you might get back after costs
Average return each year
8.830 EUR
-11,7%
8.640 EUR
-4,8%

Moderate

What you might get back after costs
Average return each year
10.090 EUR
0,9%
10.240 EUR
0,8%

Favourable

What you might get back after costs
Average return each year
11.770 EUR
17,7%
11.520 EUR
4,8%

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



Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.