Fixed Income

CGBI

iShares China CNY Govt Bond UCITS ETF

  • NAV as of 10-Dec-24 USD 5.03
    52 WK: 4.81 - 5.13
  • 1 Day NAV Change as of 10-Dec-24 0.03 (0.65%)
  • NAV Total Return as of 10-Dec-24 YTD: 4.40%
  • Weighted Average YTM as of 10-Dec-24 1.61%

Overview

WHY CGBI?

  1. Gain exposure to CNY denominated issued by the Chinese treasury.
  2. Direct investment into the mainland Chinese bond market.
  3. Can be used as part of broad, diversified fixed income portfolio.

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index offering exposure to CNY-denominated government bonds issued in mainland China.

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.

The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investment risk is concentrated in specific sectors, countries or companies. This means that the Fund is more sensitive to any localised economic, market, political or regulatory events. Overseas investments will be affected by movements in currency exchange rates.

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
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Performance

Performance

Chart

View full chart

The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

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

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution
For more information: +353 1 612 3394 • www.blackrock.com • investor.services@blackrock.com

This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -5.44 2.43
Benchmark (%) -5.41 2.29
  From
30-Sep-2019
To
30-Sep-2020		 From
30-Sep-2020
To
30-Sep-2021		 From
30-Sep-2021
To
30-Sep-2022		 From
30-Sep-2022
To
30-Sep-2023		 From
30-Sep-2023
To
30-Sep-2024
Total Return (%)

as of 30-Sep-24

- - -5.25 0.41 10.44
Benchmark (%)

as of 30-Sep-24

- - -5.17 0.21 10.50
  1y 3y 5y 10y Incept.
Total Return (%) 5.48 0.41 - - 1.74
Benchmark (%) 5.48 0.36 - - 1.72
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.93 -0.69 -0.65 3.37 5.48 1.23 - - 6.38
Benchmark (%) 3.93 -0.74 -0.66 3.34 5.48 1.09 - - 6.30

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. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

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 10-Dec-24
USD 17,876,487
Inception Date
26-Apr-21
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.25%
Distribution Frequency
Semi-Annual
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
CGBI NA
Net Assets of Fund
as of 10-Dec-24
USD 17,876,487
Fund Launch Date
26-Apr-21
Base Currency
USD
Benchmark Index
FTSE Chinese Government Bond Index (USD)
Shares Outstanding
as of 10-Dec-24
3,556,577
ISIN
IE00BMC7BF44
Use of Income
Distributing
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 10-Dec-24
29
Benchmark Ticker
CFIICNU
Standard Deviation (3y)
as of 30-Nov-24
5.70%
Weighted Average YTM
as of 10-Dec-24
1.61%
Weighted Avg Maturity
as of 10-Dec-24
6.87
Benchmark Level
as of 10-Dec-24
USD 172.04
12 Month Trailing Dividend Distribution Yield
as of 10-Dec-24
1.94
3y Beta
as of 30-Nov-24
1.017
Weighted Avg Coupon
as of 10-Dec-24
2.65
Effective Duration
as of 10-Dec-24
5.68

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 21-Nov-24
BB
MSCI ESG Quality Score (0-10)
as of 21-Nov-24
3.79
Fund Lipper Global Classification
as of 21-Nov-24
Bond CNY
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Nov-22
5.76
MSCI ESG % Coverage
as of 21-Nov-24
100.00
MSCI ESG Quality Score - Peer Percentile
as of 21-Nov-24
66.39
Funds in Peer Group
as of 21-Nov-24
119
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Nov-24
0.00
All data is from MSCI ESG Fund Ratings as of 21-Nov-24, based on holdings as of 31-Oct-24. 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% (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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Saudi Arabia

  • Spain

  • Sweden

  • United Kingdom

Holdings

Holdings

as of 10-Dec-24
Issuer Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 99.87
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 10-Dec-24

% of Market Value

Type Fund
as of 10-Dec-24

% of Market Value

Type Fund
as of 10-Dec-24

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Euronext Amsterdam CGBI USD 29-Apr-21 BP2C268 CGBI NA CGBI.AS

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 USD 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
9,120 USD
-8.8%
7,960 USD
-7.3%

Unfavourable

What you might get back after costs
Average return each year
9,200 USD
-8.0%
9,700 USD
-1.0%

Moderate

What you might get back after costs
Average return each year
10,160 USD
1.6%
10,820 USD
2.7%

Favourable

What you might get back after costs
Average return each year
11,290 USD
12.9%
12,190 USD
6.8%

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



Literature

Literature