Fixed Income

iShares World ex-Euro Government Bond Index Fund (IE)

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.

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. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.
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Performance

Performance

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. 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

Chart

Performance chart data not available for display.
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Reinvestments

This product does not have any distributions data as of now.

Key Facts

Key Facts

Net Assets as of 09-Jul-20 USD 86,859,073
Net Assets of Fund as of 09-Jul-20 USD 371,903,328
Base Currency USD
Share Class Currency USD
Fund Launch Date 02-Nov-18
Inception Date 01-Jun-07
Asset Class Fixed Income
Morningstar Category Global Bond
Benchmark Index FTSE World Government Bond Index (ex-EMU Government Bonds)
Valor -
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
ISIN IE00B1W4R493
Bloomberg Ticker BGIWEXE
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B1W4R49
Bloomberg Benchmark Ticker WXEBIFTTHP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 500000
Minimum Subsequent Investment -
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-Jun-20 82.97
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-Jun-20 Bond Global USD
All data is from MSCI ESG Fund Ratings as of 01-Jun-20, based on holdings as of 31-Jan-20. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.

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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for iShares World ex-Euro Government Bond Index Fund (IE), Inst, as of 30-Jun-20 rated against 798 Global Bond Funds.

Holdings

Holdings

as of 30-Jun-20
Name Weight (%)
TREASURY NOTE 1.875 05/31/2022 1.01
TREASURY NOTE 1.625 12/31/2021 0.80
TREASURY NOTE 0.375 03/31/2022 0.74
TNOTE 1.5 10/31/2024 0.71
TREASURY NOTE 2.875 05/15/2028 0.70
Name Weight (%)
TREASURY NOTE 1.625 02/15/2026 0.69
TREASURY NOTE 1.75 06/15/2022 0.69
TREASURY NOTE 2.875 08/15/2028 0.67
TREASURY NOTE 2.75 02/15/2028 0.65
TREASURY NOTE 2.25 11/15/2027 0.65
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Jun-20

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-20

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Inst USD None 16.09 0.05 0.32 16.54 15.01 16.08 IE00B1W4R493 16.10 -
Class D Acc EUR None 12.11 0.08 0.64 12.58 11.18 12.10 IE00BDZRS805 12.11 -
Inst EUR - 11.15 0.07 0.63 11.62 10.42 11.14 IE00BJK0X817 11.15 -
Flex USD Semi-Annual 10.18 0.03 0.32 10.47 9.61 10.18 IE00BYQQ0X26 10.19 -
Inst Hedged Acc EUR - 11.05 0.03 0.25 11.22 10.46 11.04 IE00BGR7K831 11.05 -
Class D USD None 11.39 0.04 0.32 11.71 10.62 11.38 IE00BD0NC581 11.39 -
Class Flex Hedged Dist GBP - 10.97 0.03 0.25 11.16 10.46 10.97 IE00BD5D0B54 10.98 -
Flex USD None 23.57 0.08 0.32 24.23 21.96 23.56 IE0005033380 23.58 -

Portfolio Managers

Portfolio Managers

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

Literature

Literature