Fixed Income

iShares Euro Government Inflation-Linked 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.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. Inflation linked bonds are fixed interest securities where the coupon payments increase and decrease with changes in official inflation rates. Such bonds offer investors some protection against rising levels of inflation, since rising official inflation data automatically feeds through into coupon payments. However, Investors should be aware that inflation linked bonds may, under certain circumstances, offer a slightly lower coupon payment compared to other types of fixed interest securities. Also, given that these securities are not exposed to inflation rate risk, should inflation rates decrease, the value of an inflation linked bond may not increase in price as might be expected for some other sorts of bond. The fund(s) may invest in structured credit products such as asset backed securities (‘ABS’) which pool together mortgages and other debts into single or multiple series credit products which are then passed on to investors, normally in return for interest payments based on the cash flows from the underlying assets. These securities have similar characteristics to corporate bonds but carry greater risk as the details of the underlying loans is unknown, although loans with similar terms are typically packaged together. The stability of returns from ABS are not only dependent on changes in interest-rates but also changes in the repayments of the underlying loans as a result of changes in economic conditions or the circumstances of the holder of the loan. These securities can therefore be more sensitive to economic events, may be subject to severe price movements and can be more difficult and/or more expensive to sell in difficult markets.

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

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

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 5.2 0.9 3.7 1.3 -1.5 6.5 3.2 6.3 -9.7 5.9
Benchmark (%) 5.3 0.8 3.8 1.4 -1.5 6.6 3.1 6.4 -9.7 5.9

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

  From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
From
30-Jun-2022
To
30-Jun-2023
From
30-Jun-2023
To
30-Jun-2024
Total Return (%)

as of 30/Jun/2024

0.75 6.52 -1.76 -0.33 -0.22
Benchmark (%)

as of 30/Jun/2024

0.72 6.54 -1.73 -0.24 -0.11
  1y 3y 5y 10y Incept.
-0.22 -0.77 0.95 1.39 2.05
Benchmark (%) -0.11 -0.69 1.00 1.44 2.14
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-2.32 -0.84 -1.84 -2.32 -0.22 -2.30 4.84 14.81 36.27
Benchmark (%) -2.18 -0.84 -1.76 -2.18 -0.11 -2.07 5.09 15.36 37.99

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 EUR.

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 17/Jul/2024
EUR 72,080,114
Share Class launch date
03/Apr/2009
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
0.13%
Annual Management Fee
0.10%
Minimum Initial Investment
EUR 500,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
EUR Inflation-Linked Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B4WXT85
Net Assets of Fund
as of 17/Jul/2024
EUR 134,584,640
Fund Launch Date
03/Apr/2009
Fund Base Currency
EUR
Benchmark Index
BBG Euro Government Inflation-Linked Bond Index (EUR)
Initial Charge
0.00%
ISIN
IE00B4WXT857
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGIEGIA

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28/Jun/2024
38
3y Beta
as of 30/Jun/2024
1.002
Modified Duration
as of 28/Jun/2024
7.81
Effective Duration
as of 28/Jun/2024
7.93
WAL to Worst
as of 28/Jun/2024
8.49
Standard Deviation (3y)
as of 30/Jun/2024
8.39%
Yield to Maturity
as of 28/Jun/2024
3.27
Weighted Average YTM
as of 28/Jun/2024
1.39%
Weighted Avg Maturity
as of 28/Jun/2024
8.49

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares Euro Government Inflation-Linked Bond Index Fund (IE), Inst, as of 30/Jun/2024 rated against 134 EUR Inflation-Linked Bond Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 31/May/2024)

Holdings

Holdings

as of 28/Jun/2024
Name Weight (%)
FRANCE (REPUBLIC OF) 1.85 07/25/2027 5.93
GERMANY (FEDERAL REPUBLIC OF) 0.5 04/15/2030 4.82
GERMANY (FEDERAL REPUBLIC OF) 0.1 04/15/2026 4.11
FRANCE (REPUBLIC OF) 3.15 07/25/2032 4.01
FRANCE (REPUBLIC OF) 0.1 03/01/2029 4.00
Name Weight (%)
SPAIN (KINGDOM OF) 0.7 11/30/2033 3.96
FRANCE (REPUBLIC OF) 0.7 07/25/2030 3.77
SPAIN (KINGDOM OF) 1 11/30/2030 3.76
FRANCE (REPUBLIC OF) 1.8 07/25/2040 3.68
ITALY (REPUBLIC OF) 2.55 09/15/2041 3.64
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% of Market Value

Type Fund Benchmark Net
as of 28/Jun/2024

% 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 NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Inst EUR 13.90 0.02 0.14 17/Jul/2024 14.13 13.04 IE00B4WXT857
Class D EUR 11.26 0.02 0.14 17/Jul/2024 11.45 10.57 IE00BD0NC144
Flex EUR 13.27 0.02 0.14 17/Jul/2024 13.48 12.45 IE00B4WXT741

Portfolio Managers

Portfolio Managers

Francis Rayner
Francis Rayner
Francis Rayner
Francis Rayner
PortSols RATES LON GFI-EU Group
PortSols RATES LON GFI-EU Group

Literature

Literature