Fixed Income

iShares Emerging Markets Government Bond Index Fund (LU)

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.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

Loading

Performance

Performance

Chart

View full chart

This chart shows the fund's performance as the percentage loss or gain per year over the last 5 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 17.0 -3.9 5.9 -12.0 7.1
Benchmark (%) 17.2 -3.4 5.7 -12.4 7.3

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-Jun-2024

1.77 1.33 -9.70 2.33 11.86
Benchmark (%)

as of 30-Jun-2024

1.89 1.84 -10.63 2.90 11.19
  1y 3y 5y 10y Incept.
11.86 1.11 1.28 - 3.69
Benchmark (%) 11.19 0.75 1.19 - 3.58
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.05 2.48 1.49 6.05 11.86 3.36 6.59 - 24.92
Benchmark (%) 5.49 1.92 1.08 5.49 11.19 2.26 6.11 - 24.11

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 of Fund
as of 19-Jul-2024
USD 3,020,376,068
Fund Launch Date
28-May-2013
Fund Base Currency
USD
Benchmark Index
JP Morgan EMBI Global Diversified Index (EUR)
Initial Charge
5.00%
ISIN
LU1811365292
Performance Fee
0.00%
Minimum Subsequent Investment
EUR 1,000.00
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGEGD2E
Share Class launch date
09-May-2018
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.27%
Annual Management Fee
0.20%
Minimum Initial Investment
EUR 100,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFNBJ29

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Jun-2024
972
3y Beta
as of 30-Jun-2024
0.955
Modified Duration
as of 28-Jun-2024
6.48
Effective Duration
as of 28-Jun-2024
6.53
WAL to Worst
as of 28-Jun-2024
10.91
Standard Deviation (3y)
as of 30-Jun-2024
7.70%
Yield to Maturity
as of 28-Jun-2024
7.15
Weighted Average YTM
as of 28-Jun-2024
7.14
Weighted Avg Maturity
as of 28-Jun-2024
10.91

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 28-Jun-2024
0.00%
MSCI - Nuclear Weapons
as of 28-Jun-2024
0.00%
MSCI - Civilian Firearms
as of 28-Jun-2024
0.00%
MSCI - Tobacco
as of 28-Jun-2024
0.00%
MSCI - UN Global Compact Violators
as of 28-Jun-2024
2.28%
MSCI - Thermal Coal
as of 28-Jun-2024
0.15%
MSCI - Oil Sands
as of 28-Jun-2024
0.00%

Business Involvement Coverage
as of 28-Jun-2024
12.41%
Percentage of Fund not covered
as of 28-Jun-2024
87.78%
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 0.72% and for Oil Sands 0.82%.

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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Emerging Markets Government Bond Index Fund (LU), Class D2, as of 30-Jun-2024 rated against 1507 Global Emerging Markets Bond Funds.

Holdings

Holdings

as of 28-Jun-2024
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.61
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.56
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.56
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.53
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.51
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.47
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.42
QATAR (STATE OF) RegS 5.103 04/23/2048 0.40
QATAR (STATE OF) RegS 4.817 03/14/2049 0.39
POLAND (REPUBLIC OF) 4.875 10/04/2033 0.36
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-2024

% of Market Value

Type Fund Benchmark Net
as of 28-Jun-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 Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 EUR - 123.92 0.02 0.02 19-Jul-2024 125.42 109.42 LU1811365292
Class I7 USD Semi-Annual 86.55 -0.22 -0.25 19-Jul-2024 87.66 76.62 LU1333800438
Class I2 Hedged EUR None 102.21 -0.26 -0.25 19-Jul-2024 102.75 89.23 LU1373035663
Class I2 USD None 133.81 -0.34 -0.25 19-Jul-2024 134.48 115.13 LU1064902957
Class A2 USD None 132.72 -0.34 -0.26 19-Jul-2024 133.39 114.42 LU0836513696
Class I2 Hedged GBP None 110.03 -0.28 -0.25 19-Jul-2024 110.58 95.14 LU1400680390
Class D2 USD - 113.64 -0.28 -0.25 19-Jul-2024 114.20 97.79 LU1811365029
Class A2 Hedged EUR None 99.87 -0.26 -0.26 19-Jul-2024 100.40 87.32 LU1373035580

Portfolio Managers

Portfolio Managers

John Hutson
John Hutson
PortSols CREDIT LON GFI - Group
PortSols CREDIT LON GFI - Group

Literature

Literature