Fixed Income

IGLH

iShares Global Govt Bond UCITS ETF

Overview

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.
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Performance

Performance

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Distributions

Record Date Ex-Date Total Distribution
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  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%) (IGLH)

as of 30-Jun-2021

- - 5.38 5.58 -1.98
Total Return (%) Unhedged (IGLO)

as of 30-Jun-2021

-5.22 1.40 5.40 5.23 -0.31
Benchmark (%) Unhedged (IGLO)

as of 30-Jun-2021

-5.05 1.58 5.59 5.43 -0.11
  1y 3y 5y 10y Incept.
-1.98 2.93 - - 2.80
-0.31 3.41 1.22 1.15 2.42
Benchmark (%) Unhedged (IGLO)

as of 30-Jun-2021

-0.11 3.60 1.41 1.32 2.57
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.41 0.54 0.80 -2.41 -1.98 9.06 - - 9.47
-4.65 -0.83 0.97 -4.65 -0.31 10.57 6.27 12.06 34.17
Benchmark (%) Unhedged (IGLO)

as of 30-Jun-2021

-4.54 -0.81 1.04 -4.54 -0.11 11.20 7.24 14.01 36.65
  2016 2017 2018 2019 2020
Total Return (%) (IGLH) - - - 5.31 5.19
Total Return (%) Unhedged (IGLO) 1.58 6.08 -0.54 5.65 9.38
Benchmark (%) Unhedged (IGLO) 1.77 6.27 -0.37 5.85 9.58
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The value of the investments may go up or down and the investor may not get back the amount invested.

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 realise returns that are different to the NAV performance.

Source: BlackRock. Performance data is displayed on a Net Asset Value basis, in Base Currency terms (as shown in Key Facts), with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Key Facts

Key Facts

Net Assets as of 29-Jul-2021 GBP 337,776,896
Net Assets of Fund as of 29-Jul-2021 USD 2,152,850,888
Fund Base Currency USD
Share Class Currency GBP
Fund Launch Date 06-Mar-2009
Share Class launch date 20-Mar-2018
Asset Class Fixed Income
Total Expense Ratio 0.25%
Ongoing Charges Figures 0.25%
Product Structure Physical
Methodology Sampled
Domicile Ireland
UCITS Compliant Yes
Benchmark Index FTSE G7 Government Bond Index
SFDR Classification Other
Distribution Frequency Semi-Annual
Securities Lending Return as of 31-Mar-2021 0.01%
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status No/Yes
Rebalance Frequency Monthly
ISIN IE00BDFK3H31
Bloomberg Ticker IGLH LN
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
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 29-Jul-2021 62,869,688
Number of Holdings as of 28-Jul-2021 776
Benchmark Level as of 29-Jul-2021 USD 1,029.32
Total Net Assets as of 29-Jul-2021 GBP 337,776,896.41
Benchmark Ticker SBG7U
Distribution Yield as of 28-Jul-2021 0.54
Weighted Avg Coupon as of 28-Jul-2021 1.64
Fiscal Year End 30 June
Effective Duration as of 28-Jul-2021 8.71
Weighted Avg Maturity as of 28-Jul-2021 10.27
3y Beta as of 30-Jun-2021 0.610
Standard Deviation (3y) as of 30-Jun-2021 3.49%
Weighted Average YTM as of 28-Jul-2021 0.43

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 07-Jul-2021 A
MSCI ESG Quality Score (0-10) as of 07-Jul-2021 6.11
MSCI ESG Quality Score - Peer Percentile as of - -
MSCI ESG % Coverage as of 07-Jul-2021 100.00
Fund Lipper Global Classification as of - -
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
Funds in Peer Group as of - -
All data is from MSCI ESG Fund Ratings as of 07-Jul-2021, based on holdings as of 31-May-2021. 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

  • Ireland

  • Netherlands

  • Portugal

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 28-Jul-2021
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 28-Jul-2021
Issuer Weight (%)
UNITED STATES TREASURY 44.97
JAPAN (GOVERNMENT OF) 19.66
FRANCE (REPUBLIC OF) 9.98
ITALY (REPUBLIC OF) 9.45
Issuer Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 7.35
UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (GOVERNMENT) 5.00
CANADA (GOVERNMENT OF) 1.90
UK CONV GILT 1.46
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 28-Jul-2021

% of Market Value

Type Fund Benchmark Net
as of 28-Jul-2021

% of Market Value

Type Fund Benchmark Net
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 28-Jul-2021

% of Market Value

Type Fund Benchmark Net
as of 28-Jul-2021

% of Market Value

Type Fund Benchmark Net
as of 28-Jul-2021

% of Market Value

Type Fund Benchmark Net
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
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2016
To
31-Mar-2017
Securities Lending Return (%) 0.01 0.01 0.03 0.03 0.02
Average on-loan (% of AUM) 10.88 12.26 19.59 20.23 12.68
Maximum on-loan (% of AUM) 17.67 15.52 25.89 23.02 21.09
Collateralisation (% of Loan) 108.21 110.26 110.12 110.18 110.35
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 28-Jul-2021
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%

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

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 IGLH GBP 23-Mar-2018 BDFK3H3 IGLH LN IGLH.L - - IE00BDFK3H31 - - - -
Berne Stock Exchange IGLH CHF 31-Jul-2018 - IGLH BW IGLH.BN - - IE00BDFK3H31 A2JE35 40670542 - -

Literature

Literature