Equity

iShares Emerging Markets Index Fund (IE)

  • NAV as of 30-Mar-23 USD 16.71
    52 WK: 14.11 - 19.15
  • 1 Day NAV Change as of 30-Mar-23 0.10 (0.62%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the global emerging equity market.

The Fund is passively managed and invests so far as possible and practicable in equity securities (e.g. shares) that make up the MSCI Emerging Markets Index, the Fund’s benchmark index.

The benchmark index measures the performance of the equity market in the global emerging markets and is a free float-adjusted market capitalisation weighted index. Free float-adjusted means that only shares readily available in the market rather than all of a company’s issued shares are used in calculating the benchmark index. Free float-adjusted market capitalisation is the share price of a company multiplied by the number of shares readily available in the market. As at the end of November 2018, the benchmark index consists of the following 23 emerging market country indices: Brazil, Chile, China, Columbia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and the United Arab Emirates.

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. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
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Performance

Performance

Chart

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Share Class and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) -2.3 -2.1 -15.0 11.4 37.6 -14.5 18.5 18.2 -2.5 -20.5
Benchmark (%) -2.6 -2.2 -14.9 11.2 37.3 -14.6 18.4 18.3 -2.5 -20.1
  From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020		 From
31-Dec-2020
To
31-Dec-2021		 From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of 31-Dec-22

-14.49 18.48 18.24 -2.46 -20.50
Benchmark (%)

as of 31-Dec-22

-14.57 18.42 18.31 -2.54 -20.09
  1y 3y 5y 10y Incept.
Total Return (%) -14.91 0.86 -1.91 1.58 3.68
Benchmark (%) -15.28 0.97 -1.87 1.52 3.52
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 1.04 -6.43 -0.25 -2.15 -14.91 2.62 -9.18 16.92 62.82
Benchmark (%) 0.90 -6.48 -0.52 -2.29 -15.28 2.94 -8.99 16.24 59.54

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 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 30-Mar-23 USD 1,807,563,529
Net Assets of Fund as of 30-Mar-23 USD 9,186,225,988
Inception Date 25-Mar-09
Fund Launch Date 26-Sep-08
Share Class Currency USD
Base Currency USD
Asset Class Equity
Benchmark Index MSCI Emerging Markets Index
Index Ticker NDUEEGF
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.08%
Annual Management Fee 0.00%
Performance Fee 0.00%
Minimum Initial Investment USD 1,000,000.00
Minimum Subsequent Investment USD 10,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category Global Emerging Markets Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BGIEFAU
ISIN IE00B3D07N99
SEDOL B3D07N9

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 28-Feb-23 1356
Standard Deviation (3y) as of 28-Feb-23 21.03%
3y Beta as of 28-Feb-23 1.002
P/E Ratio as of 28-Feb-23 10.63
P/B Ratio as of 28-Feb-23 1.69

Sustainability Characteristics

Sustainability Characteristics

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. 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-Feb-23 0.41%
MSCI - UN Global Compact Violators as of 28-Feb-23 1.95%
MSCI - Nuclear Weapons as of 28-Feb-23 0.00%
MSCI - Thermal Coal as of 28-Feb-23 0.85%
MSCI - Civilian Firearms as of 28-Feb-23 0.00%
MSCI - Oil Sands as of 28-Feb-23 0.00%
MSCI - Tobacco as of 28-Feb-23 0.36%
Business Involvement Coverage as of 28-Feb-23 99.95%
Percentage of Fund not covered as of 28-Feb-23 0.05%
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 2.68% and for Oil Sands 0.00%.

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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3
4
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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Emerging Markets Index Fund (IE), Flex, as of 28-Feb-23 rated against 2718 Global Emerging Markets Equity Funds.

Holdings

Holdings

as of 28-Feb-23
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING 6.45
TENCENT HOLDINGS LTD 4.26
SAMSUNG ELECTRONICS LTD 3.42
ALIBABA GROUP HOLDING LTD 2.55
MEITUAN 1.37
Name Weight (%)
CIA VALE DO RIO DOCE SH 0.98
CHINA CONSTRUCTION BANK CORP H 0.92
INFOSYS LTD 0.88
HOUSING DEVELOPMENT FINANCE CORPOR 0.85
ICICI BANK LTD 0.83
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Feb-23

% of Market Value

Type Fund Benchmark Net
as of 28-Feb-23

% of Market Value

Type Fund Benchmark Net
as of 28-Feb-23

% 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 TIS
Flex USD None 16.71 0.10 0.62 30-Mar-23 19.15 14.11 IE00B3D07N99 -
Class D EUR None 11.21 -0.02 -0.13 30-Mar-23 12.77 10.41 IE00BYWYCC39 -
Class D USD None 11.26 0.07 0.62 30-Mar-23 12.93 9.52 IE00BYWYC907 -
Inst EUR Quarterly 11.66 -0.02 -0.13 30-Mar-23 13.67 10.90 IE00B3D07J53 -
Flex GBP None 28.44 0.01 0.05 30-Mar-23 30.77 25.75 IE00B3D07P14 -
Inst USD None 14.69 0.09 0.62 30-Mar-23 16.88 12.42 IE00B3D07G23 -
Inst USD Quarterly 9.67 0.06 0.62 30-Mar-23 11.41 8.23 IE00B3D07K68 -
Inst GBP None 24.02 0.01 0.05 30-Mar-23 26.06 21.77 IE00B3D07H30 -
Flex GBP Quarterly 12.38 0.01 0.05 30-Mar-23 13.79 11.29 IE00B3D07S45 -
Flex EUR Quarterly 12.18 -0.02 -0.13 30-Mar-23 14.27 11.39 IE00B3D07Q21 -
Inst GBP Quarterly 14.36 0.01 0.05 30-Mar-23 15.98 13.09 IE00B3D07L75 -
Inst Hedged USD - 9.02 0.01 0.13 19-Nov-18 10.00 8.59 IE00BDQYPB20 -
Inst EUR None 21.43 -0.03 -0.13 30-Mar-23 24.44 19.90 IE00B3D07F16 -
Flex EUR None 16.94 -0.02 -0.13 30-Mar-23 19.27 15.71 IE00B3D07M82 -

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle
EMEA Beta Instl PM Group
EMEA Beta Instl PM 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.
Recommended holding period : 5 years
Example Investment USD 10,000
Scenario
If you exit after 1 year
If you exit after 5 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
4,820 USD
-51.8%
3,320 USD
-19.8%

Unfavourable

What you might get back after costs
Average return each year
6,840 USD
-31.6%
7,780 USD
-4.9%

Moderate

What you might get back after costs
Average return each year
10,140 USD
1.4%
12,600 USD
4.7%

Favourable

What you might get back after costs
Average return each year
15,850 USD
58.5%
20,410 USD
15.3%

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



Literature

Literature