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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Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2017 2018 2019 2020 2021
Total Return (%) -0.8 -8.2
Benchmark (%) -0.5 -7.9
  From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
Total Return (%)

as of 31-Mar-22

- - - 1.15 -4.12
Benchmark (%)

as of 31-Mar-22

- - - 1.58 -4.15
  1y 3y 5y 10y Incept.
-5.83 - - - -4.81
Benchmark (%) -5.87 - - - -4.53
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-3.62 1.48 0.49 -4.46 -5.83 - - - -11.81
Benchmark (%) -3.87 1.38 0.25 -4.64 -5.87 - - - -11.13

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 GBP, 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 30-Jun-22 GBP 15,045,561
Net Assets of Fund as of 30-Jun-22 USD 1,067,592,787
Inception Date 13-Nov-19
Fund Launch Date 04-May-18
Share Class Currency GBP
Base Currency USD
Asset Class Fixed Income
Benchmark Index JP Morgan GBI-EM Global Diversified Index in GBP
Index Ticker -
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.25%
Annual Management Fee 0.15%
Performance Fee 0.00%
Minimum Initial Investment GBP 500,000.00
Minimum Subsequent Investment GBP 5,000.00
Distribution Frequency -
Use of Income Distributing
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker EMLOCDFGD
ISIN IE00BKFVZC40
SEDOL BKFVZC4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 31-May-22 255
12m Trailing Yield as of 30-Jun-22 5.10
Standard Deviation (3y) as of - -
3y Beta as of - -
Yield to Maturity as of 31-May-22 7.20
Modified Duration as of 31-May-22 4.93
Weighted Average YTM as of 31-May-22 7.20%
Effective Duration as of 31-May-22 4.92
Weighted Avg Maturity as of 31-May-22 7.14
WAL to Worst as of 31-May-22 7.14

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 06-May-22 BB
MSCI ESG % Coverage as of 06-May-22 99.83
MSCI ESG Quality Score (0-10) as of 06-May-22 3.81
MSCI ESG Quality Score - Peer Percentile as of 06-May-22 45.08
Fund Lipper Global Classification as of 06-May-22 Bond Emerging Markets Global LC
Funds in Peer Group as of 06-May-22 264
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of 06-May-22 0.00
All data is from MSCI ESG Fund Ratings as of 06-May-22, based on holdings as of 31-Dec-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 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 31-May-22
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 4.19
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 2.45
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 2.05
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.77
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.56
Name Weight (%)
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.33
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.29
SOUTH AFRICA (REPUBLIC OF) 8.75 02/28/2048 1.28
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 1.18
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.85 06/04/2027 1.16
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-22

% of Market Value

Type Fund Benchmark Net
as of 31-May-22

% of Market Value

Type Fund Benchmark Net
as of 31-May-22

% 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 country where the issuer of the securities carries out much of their business.
as of 31-May-22

% of Market Value

Type Fund Benchmark Net
as of 31-May-22

% 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 Dist GBP - 8.07 -0.03 -0.43 30-Jun-22 9.23 7.93 IE00BKFVZC40 -
Inst Acc GBP - 8.73 -0.04 -0.43 30-Jun-22 9.58 8.58 IE00BM9G6X72 -
Class Flexible Acc EUR - 9.67 0.00 -0.02 30-Jun-22 10.64 9.61 IE00BD9H4D36 -
Class D Acc USD - 8.43 -0.02 -0.25 30-Jun-22 10.50 8.41 IE00BF2N5W82 -

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner

Literature

Literature