Fixed Income

iShares Emerging Markets Government Bond Index Fund (LU)

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.

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.

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Performance

Performance

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Reinvestments

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

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 (%) 17.01 -3.89 5.94 -11.97 7.10
Benchmark (%) 17.15 -3.43 5.66 -12.39 7.33

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

  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31-Mar-24

-1.98 5.18 -1.33 -5.48 12.28
Benchmark (%)

as of 31-Mar-24

-4.66 8.30 -2.22 -4.68 11.94
  1y 3y 5y 10y Incept.
12.28 1.55 1.54 - 3.59
Benchmark (%) 11.94 1.42 1.50 - 3.55
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.50 2.81 4.50 9.21 12.28 4.72 7.96 - 23.09
Benchmark (%) 4.36 2.29 4.36 9.19 11.94 4.33 7.73 - 22.79

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-Apr-24 USD 3,059,825,525
Inception Date 09-May-18
Fund Launch Date 28-May-13
Share Class Currency EUR
Base Currency USD
Asset Class Fixed Income
Benchmark Index JP Morgan EMBI Global Diversified Index (EUR)
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charges Figures 0.27%
ISIN LU1811365292
Annual Management Fee 0.20%
Performance Fee 0.00%
Minimum Initial Investment EUR 100,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category Global Emerging Markets Bond
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGEGD2E
SEDOL BFNBJ29

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Mar-24 962
Standard Deviation (3y) as of 31-Mar-24 7.82%
3y Beta as of 31-Mar-24 0.953
Yield to Maturity as of 28-Mar-24 6.82
Modified Duration as of 28-Mar-24 6.58
Weighted Average YTM as of 28-Mar-24 6.81%
Effective Duration as of 28-Mar-24 6.64
Weighted Avg Maturity as of 28-Mar-24 11.06
WAL to Worst as of 28-Mar-24 11.06

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-Mar-24 0.00%
MSCI - UN Global Compact Violators as of 28-Mar-24 2.20%
MSCI - Nuclear Weapons as of 28-Mar-24 0.00%
MSCI - Thermal Coal as of 28-Mar-24 0.16%
MSCI - Civilian Firearms as of 28-Mar-24 0.00%
MSCI - Oil Sands as of 28-Mar-24 0.00%
MSCI - Tobacco as of 28-Mar-24 0.00%

Business Involvement Coverage as of 28-Mar-24 12.53%
Percentage of Fund not covered as of 28-Mar-24 88.41%
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 0.74% 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

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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 Government Bond Index Fund (LU), Class D2, as of 31-Mar-24 rated against 1512 Global Emerging Markets Bond Funds.

Holdings

Holdings

as of 28-Mar-24
Name Weight (%)
KUWAIT STATE OF (GOVERNMENT) MTN RegS 3.5 03/20/2027 0.61
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 3.5 07/31/2035 0.57
URUGUAY (ORIENTAL REPUBLIC OF) 5.1 06/18/2050 0.55
ARGENTINA REPUBLIC OF GOVERNMENT 3.625 07/09/2035 0.53
ARGENTINA REPUBLIC OF GOVERNMENT 0.75 07/09/2030 0.52
Name Weight (%)
POLAND (REPUBLIC OF) 5.5 03/18/2054 0.47
QATAR (STATE OF) RegS 5.103 04/23/2048 0.41
POLAND (REPUBLIC OF) 5.125 09/18/2034 0.41
QATAR (STATE OF) RegS 4.817 03/14/2049 0.39
POLAND (REPUBLIC OF) 5.5 04/04/2053 0.39
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Mar-24

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-24

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-24

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-24

% of Market Value

Type Fund Benchmark Net
as of 28-Mar-24

% 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 - 122.06 -0.25 -0.20 19-Apr-24 123.48 108.03 LU1811365292
Class I2 USD None 129.19 -0.07 -0.05 19-Apr-24 131.90 115.13 LU1064902957
Class I2 Hedged GBP None 106.33 -0.06 -0.06 19-Apr-24 108.63 95.14 LU1400680390
Class I7 USD Semi-Annual 83.56 -0.04 -0.05 19-Apr-24 87.66 76.62 LU1333800438
Class D2 USD - 109.71 -0.07 -0.06 19-Apr-24 112.02 97.79 LU1811365029
Class X2 EUR None 125.18 -0.24 -0.19 19-Apr-24 126.62 110.61 LU1435395394
Class X2 Hedged SEK None 949.07 -0.58 -0.06 19-Apr-24 970.72 853.75 LU1499592894
Class N7 EUR Semi-Annual 93.60 -0.19 -0.20 19-Apr-24 96.85 86.35 LU0916237901
Class F2 USD None 108.24 -0.06 -0.06 19-Apr-24 110.51 96.47 LU1640626278
Class A2 Hedged EUR None 96.88 -0.06 -0.06 19-Apr-24 99.06 87.32 LU1373035580
Class N2 EUR - 103.00 -0.20 -0.19 19-Apr-24 104.19 97.99 LU2723594235
Class I2 Hedged EUR None 99.09 -0.06 -0.06 19-Apr-24 101.30 89.23 LU1373035663
Class X2 USD None 135.12 -0.08 -0.06 19-Apr-24 137.94 120.30 LU0826455437
Class X7 USD Semi-Annual 78.12 -0.04 -0.05 19-Apr-24 82.03 71.63 LU2087589268
Class X2 Hedged EUR None 100.82 -0.06 -0.06 19-Apr-24 103.05 90.65 LU1387770735
Class A2 USD None 128.22 -0.08 -0.06 19-Apr-24 130.94 114.42 LU0836513696

Portfolio Managers

Portfolio Managers

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

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
8,170 EUR
-18.3%
6,110 EUR
-15.1%

Unfavourable

What you might get back after costs
Average return each year
8,360 EUR
-16.4%
8,390 EUR
-5.7%

Moderate

What you might get back after costs
Average return each year
9,670 EUR
-3.3%
10,640 EUR
2.1%

Favourable

What you might get back after costs
Average return each year
12,840 EUR
28.4%
14,820 EUR
14.0%

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



Literature

Literature