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.
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Performance

Performance

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  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of 30-Sep-21

- - 9.51 -1.87 2.23
Benchmark (%)

as of 30-Sep-21

- - 10.13 -1.45 2.63
  1y 3y 5y 10y Incept.
-7.43 1.54 - - -0.84
Benchmark (%) -7.02 1.98 - - -0.39
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-10.37 -2.81 -7.47 -8.27 -7.43 4.68 - - -2.97
Benchmark (%) -10.15 -2.74 -7.32 -8.13 -7.02 6.07 - - -1.40
  2016 2017 2018 2019 2020
Total Return (%) - - - 12.72 2.36
Benchmark (%) - - - 13.47 2.69

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

Key Facts

Key Facts

Net Assets as of 06-Dec-21 USD 92,983,812
Net Assets of Fund as of 06-Dec-21 USD 1,406,994,667
Inception Date 04-May-18
Fund Launch Date 04-May-18
Share Class Currency USD
Base Currency USD
Asset Class Fixed Income
SFDR Classification Other
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Index Ticker -
Initial Charge 0.00%
Ongoing Charges Figures 0.25%
Annual Management Fee 0.15%
Performance Fee 0.00%
Minimum Initial Investment USD 500,000.00
Minimum Subsequent Investment USD 5,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Emerging Markets Bond - Local Currency
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker -
ISIN IE00BF2N5W82
SEDOL BF2N5W8

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30-Nov-21 269
Weighted Avg YTM as of - -
Effective Duration as of 30-Nov-21 5.17
Weighted Avg Maturity as of 30-Nov-21 7.34
3y Beta as of 30-Nov-21 0.999
Standard Deviation (3y) as of 30-Nov-21 11.51%

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 05-Nov-21 BBB
MSCI ESG % Coverage as of 05-Nov-21 99.32
MSCI ESG Quality Score (0-10) as of 05-Nov-21 4.60
MSCI ESG Quality Score - Peer Percentile as of 05-Nov-21 71.83
Fund Lipper Global Classification as of 05-Nov-21 Bond Emerging Markets Global LC
Funds in Peer Group as of 05-Nov-21 252
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
All data is from MSCI ESG Fund Ratings as of 05-Nov-21, based on holdings as of 30-Jun-21. 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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares Emerging Markets Local Government Bond Index Fund (IE), Class D Acc, as of 30-Nov-21 rated against 800 Global Emerging Markets Bond - Local Currency Funds.

Holdings

Holdings

as of 30-Nov-21
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 3.68
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 1.99
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.58
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.41
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 1.38
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 1.31
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.19
SOUTH AFRICA (REPUBLIC OF) 8.75 02/28/2048 1.09
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.08
MEXICO (UNITED MEXICAN STATES) 8 09/05/2024 1.06
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% 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 NAV As Of 52wk High 52wk Low ISIN TIS
Class D Acc USD - 9.74 0.03 0.30 06-Dec-21 10.91 9.65 IE00BF2N5W82 -
Class D Dist GBP - 8.77 0.02 0.18 06-Dec-21 10.10 8.62 IE00BKFVZC40 -
Inst Acc GBP - 9.25 0.02 0.18 06-Dec-21 10.23 9.10 IE00BM9G6X72 -
Class Flexible Acc EUR - 10.36 0.04 0.39 06-Dec-21 10.70 10.22 IE00BD9H4D36 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature