Fixed Income

SDEU

iShares Germany Govt Bond UCITS ETF

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.

Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. The fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund.

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

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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 9 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -2.4 10.1 0.1 3.8 -1.5 2.2 2.9 2.8 -2.8
Benchmark (%) -2.3 10.3 0.3 4.0 -1.4 2.4 3.0 3.0 -2.7
  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.2022

-0.55 4.10 2.79 -1.73 -5.45
Benchmark (%)

as of 31.Mar.2022

-0.39 4.28 2.98 -1.56 -5.29
  1y 3y 5y 10y Incept.
-7.71 -2.36 -0.87 - 0.82
Benchmark (%) -7.56 -2.19 -0.69 - 1.00
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-8.04 -3.10 -7.01 -7.86 -7.71 -6.91 -4.26 - 8.50
Benchmark (%) -7.99 -3.09 -6.98 -7.79 -7.56 -6.42 -3.42 - 10.43

Key Facts

Key Facts

Net Assets as of 19.May.2022 EUR 609,682,196
Net Assets of Fund as of 19.May.2022 EUR 609,682,196
Share Class launch date 08.May.2012
Fund Launch Date 08.May.2012
Share Class Currency EUR
Fund Base Currency EUR
Asset Class Fixed Income
SFDR Classification Other
Benchmark Index Bloomberg Germany Treasury Bond Index
Shares Outstanding as of 19.May.2022 4,570,249
Total Expense Ratio 0.20%
Distribution Frequency Semi-Annual
Use of Income Distributing
Securities Lending Return as of 31.Mar.2022 0.04 %
Domicile Ireland
Product Structure Physical
Rebalance Frequency Monthly
Methodology Sampled
UCITS Compliant Yes
Issuing Company iShares V plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Fiscal Year End 30 November
Bloomberg Ticker SDEU LN
ISIN IE00B5V94313

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 19.May.2022 57
Benchmark Level as of 20.May.2022 EUR 233.12
Benchmark Ticker LETGTREU
Weighted Average YTM as of 19.May.2022 0.67%
12m Trailing Yield as of 19.May.2022 0.00%
Weighted Avg Coupon as of 19.May.2022 1.19%
3y Beta as of 30.Apr.2022 0.996
Weighted Avg Maturity as of 19.May.2022 8.83
Effective Duration as of 19.May.2022 7.84
Standard Deviation (3y) as of 30.Apr.2022 4.77%

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.2022 AA
MSCI ESG % Coverage as of 06.May.2022 99.99
MSCI ESG Quality Score (0-10) as of 06.May.2022 7.41
MSCI ESG Quality Score - Peer Percentile as of 06.May.2022 95.93
Fund Lipper Global Classification as of 06.May.2022 Bond EMU Government
Funds in Peer Group as of 06.May.2022 172
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 06.May.2022 3.17
MSCI Weighted Average Carbon Intensity % Coverage as of 06.May.2022 0.02
All data is from MSCI ESG Fund Ratings as of 06.May.2022, based on holdings as of 31.Mar.2022. 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.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Slovak Republic

  • Spain

  • Sweden

  • United Kingdom

Holdings

Holdings

as of 19.May.2022
Issuer Weight (%)
GERMANY (FEDERAL REPUBLIC OF) 99.88
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
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 19.May.2022

% of Market Value

Type Fund
as of 19.May.2022

% of Market Value

Type Fund
as of 19.May.2022

% 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.

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

  From
31-Mar-2012
To
31-Mar-2013
From
31-Mar-2013
To
31-Mar-2014
From
31-Mar-2014
To
31-Mar-2015
From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
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
Securities Lending Return (%) 0.01 0.03 0.03 0.03 0.02 0.02 0.04
Average on-loan (% of AUM) 8.59 11.48 16.89 29.08 28.72 31.65 59.86
Maximum on-loan (% of AUM) 16.84 20.53 30.03 40.50 39.40 49.17 79.86
Collateralisation (% of Loan) 109.35 109.99 110.16 109.65 110.11 106.87 107.24
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of 19.May.2022
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Location
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.

The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange SDEU GBP 09.May.2012 B7RRJ27 SDEU LN SDEU.L - - IE00B5V94313 A1JXZG 18572378 - -
Deutsche Boerse Xetra IDEU EUR 23.Jul.2012 BVFZJD2 IS0L GY IS0L.DE - - IE00B5V94313 A1JXZG - - -

Literature

Literature

 
Please access the document library in order to find the KID/KIID in local language.